Certificates of Deposit
Our Certificates of Deposit were created to shorten the distance to your investing and savings goals. You have the power to choose the term, maturity option and rate that suits YOU.
Need somewhere to store some money and let it grow for about 30 days to 12 months? Then consider a short-term CD.
Plant a seed of wealth with a long-term CD, with terms up to 60 months.
Why a CD is Perfect for you:
- Low Minimum Balance of $1000 or $2,500
- Guaranteed Returns with a fixed interest rate and annual percentage yield (APY)
- Our CDs renew automatically at the end of each term with options to choose another term, add funds, or move funds to a different product over a 7 day grace period
- Rest easy knowing your funds are safe AND FDIC insured up to the maximum allowable limits
Short-Term Certificates of deposit are great for rainy days, vacations or emergency nest eggs. Your money will earn interest, however the return is usually lower than with a long-term CD.
Long-term CDs are great when you want to save money for the distant future while making the most of it- The longer the term you choose, the higher the rate available to you is until maturity.
Saving money can be hard enough as it is, the last thing you need to worry about is if your money is in the right place.
Gone are the days of hiding money in a shoebox or burying it in the backyard. Not only does a CD let you hide your money in an FDIC insured account with no per item or monthly maintenance fees, but now your money grows at a favorable rate.
With a Carver Bank CD, you remain completely aware and in control of your finances.
We provide quarterly reports and master account statements in both electronic and paper formats. Let us help you protect your future.