Accounts made for you
While you're helping other's dreams come true, save some for yourself!
We offer 4 unique savings accounts tailored to your needs.
Need your money working as hard as you do? Consider a High Yield Online Savings account. You’ll earn a competitive rate while your money works for you. Grow your money with Carver while keeping safety in mind.
Here's why it pays to save:
- Earn up to 4.50% APY
- 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
- 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.
- Earn Higher Interest Rates Compared to Traditional Savings Accounts
- Enjoy Monthly Interest Deposits for Ongoing Growth
- No Limitations on Transactions, Giving You Financial Freedom
- Access Carver's User-Friendly Online and Mobile Banking Platform, Including Convenient Bill Pay and Mobile Check Deposit
- Simplify Your Financial Management with Complimentary Personal Financial Tools via Digital Banking
- Go Paperless with Complimentary E-Statements for Easy Record-Keeping
- Convenient Spending Made Possible with a Complimentary Visa Debit Card
Plus, enjoy flexible accessibility to your funds whenever you need them!
- $25 or Zero
- An average daily balance of $25,000
Hassle-free savings account designed for maximum growth. Saving with Carver Bank is that simple. In return you get a user-friendly features, minimal fees, and straightforward requirements.
- $ 5.00
- 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.
- $10 or Zero
- A direct deposit with monthly average balance of $10
- An average monthly balance of $2,000