High Yield Savings
Your money can work for you. With a High Yield Savings Account, you'll earn a competitive rate.
- Earn up to 4.00% Annual Percentage Rate
- Carver Bank deposits are insured by the FDIC up to $250,000 per individual and $500,000 per joint account
- Easy sign-up open account in 5 minutes or less
- Interest compounds daily and is deposited into account monthly
- Complimentary e-statements
- Complimentary Visa Debit Card
- Free Online Banking and Mobile Banking
- Zelle
- Access to free ATMs nationwide with J.P. Morgan, Wells Fargo and Allpoint
Terms & Conditions:
- This account can only be opened online. It cannot be opened at a Carver Bank branch.
- To apply online you must be 18 years or older, be a U.S. citizen or resident and have a Social Security Number.
- Minimum opening deposit $5,000.
- Minimum average daily balance to waive monthly maintenance service charge: $5,000.
- Monthly service charge of $5 will be charged if the average daily balance falls below $5,000 in a monthly statement cycle.
- Minimum daily balance falls below $5,000, the rate will adjust to the Carver Savings
- Compounding and Crediting- Interest will be compounded daily and credited monthly.
- Balance Computation Method - The daily balance method to calculate interest will be used, daily periodic rate is applied to the principal plus the accrued interest each day.
Premier Money Market
Carver Savings
Monthly Fee
- $ 5.00
Fee waived with:
- Average monthly balance of $300 or
- Monthly direct deposit of $100, or
- Have at least one repeating automatic transfer of $25 or more from Carver checking each month.
Relationship Savings
Monthly Fee:
- $10 or Zero
Fee waived with:
- A direct deposit with monthly average balance of $10
- An average monthly balance of $2,000
