Checking Accounts

Accounts Made for You

Having a community bank like Carver means you are not just another account number.

Banking with Carver Bank means having a team of seasoned professionals dedicated to helping you build sustainable, long-term wealth for both you and your family. Your finances and confusion don’t belong together!!

We offer 3 unique checking accounts for you to choose from. You now have complete control over what your checking account can do for you.

Online Account Opening

Carver Community Free Checking

We mean business when it comes to access. We now have over 70,000 free ATMs nationwide.

No minimum balance
No monthly service charges
$50 minimum opening deposit

Student-Easy Access Checking

Need an account that's all about making your life easier this semester? Student Easy-Access Checking has the perfect blend of flexibility and is 100% tailored for college students aged 18 to 24.

No minimum balance
No monthly service charges
$50 minimum opening deposit

Value Plus Interest Checking

Make your hard-earned money work harder for you with Value Plus Interest Checking.

Interest bearing- checking account
$50 minimum opening deposit
Only $7 monthly service charge fee if the direct deposit or minimum daily balance falls below $1,500 in a month statement cycle

Promotional Money Market

Don't Just Dream Big. Get a Great Rate and Save Big! Now is the time to open a Carver Bank money market with $25K and get 2.00% APY!

Minimum opening deposit will be $25,000
Promotional Rate of 2.00% APY
New deposit funds are required to open the Promo Money Market Account

Benefits of Carver Community Free Checking:

No minimum balance
No monthly service charges
$50 minimum opening deposit
Complimentary personal financial management through Digital Banking
Free Visa Debit Card
Free Online Banking and Mobile Banking with Bill Pay
Free Thank You Gift
Free eStatements
Work with Apple Pay, Google Pay, and Samsung Pay
Access to 55,000 ALLPOINT ATMS, nationwide
ZELLE
Five non-Carver ATM withdrawals fees waived per statement cycle

Bank with Carver

Benefits of Student-Easy Access:

No minimum balance
No monthly service charges
$50 minimum opening deposit
$25 minimum if opened online
Complimentary personal financial management through Digital Banking
Free Visa Debit Card
Free Online Banking and Mobile Banking with Bill Pay
Free e-Statement
Free Thank You Gift
Work with Apple Pay, Google Pay, and Samsung Pay
Access to 55,000 ALLPOINT ATMS, nationwide
ZELLE
Five non-Carver ATM withdrawals fees waived per statement cycle

Online Account Opening

Terms & Conditions
Minimum opening deposit is only $50.00. $25.00 if the account is opened online. See Fee Schedule for details. E-statement available at no charge, otherwise $5.00 fee per monthly paper statement. Carver Federal Savings Bank will waive up to five (5) Non-Carver Bank ATM withdrawal fees of $2.50 per calendar month. This is a fee that Carver Bank charges you for using a machine not owned and operated by Carver Bank. See your account disclosures and agreements for other important terms and conditions that may apply.

Watch your balance grow with the power of interest, enjoy fee-free banking, effortless access to your funds, and gain valuable financial management tools.

Enjoy exclusive benefits and perks including:

Interest bearing- checking account
$50 minimum opening deposit
Only $7 monthly service charge fee if the direct deposit or minimum daily balance falls below $1,500 in a month statement cycle
Complimentary personal financial management through Digital Banking
Free Visa Debit Card
Free eStatements
Free Online Banking and Mobile Banking with Bill Pay
Free Thank You Gift
Free Standard Checks
Free Official Bank Checks
Work with Apple Pay, Google Pay, and Samsung Pay
Access to 55,000 ALLPOINT ATMS, nationwide
ZELLE
Five non-Carver ATM withdrawals fees waived per statement cycle

Online Account Opening

Terms & Conditions
Monthly service charge of $7.00 waived when direct deposit or minimum daily balance of $1,500. is met. Minimum opening deposit is only $50.00. $25.00 if the account is opened online. See Fee Schedule for details. E-statement available at no charge, otherwise $5.00 fee per monthly paper statement. Carver Federal Savings Bank will waive up to five (5) Non-Carver Bank ATM withdrawal fees of $2.50 per calendar month. This is a fee that Carver Bank charges you for using a machine not owned and operated by Carver Bank. See your account disclosures and agreements for other important terms and conditions that may apply.

Terms & Conditions
Minimum opening deposit will be $25,000. Customers are required to open a Carver Community Business Free Checking, Carver Community Business Checking, Carver Value Plus checking, or Business Value Plus Interest Checking with a linked Promo Money Market account to receive the promotional rate. New deposit funds are required to open the Promo Money Market. A $25.00 monthly service fee will be charged if the minimum daily balance falls below $25,000 in a monthly statement cycle. 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 day.

Important Information:
The minimum balance to open any checking account is $50.00. Value Plus Checking and Business Value Plus Interest Checking has an average percentage yield (APY) of 0.05% as of December 21, 2022. The rate is a variable and subject to change without prior notice. Value Plus Checking for consumer accounts requires a daily minimum balance of $1,500.00 to avoid a $6.00 monthly service charge fee. A Business Value Plus Interest Checking account requires a daily minimum balance of $5,000 to avoid a $20.00 monthly service charge fee. A Carver Community Business Free Checking and Business Value Plus Interest Checking account allows 200 free monthly transactions items. A $0.25 fee per transaction items will be assessed after 200 items. Transactions are defined as checks paid, deposits, check deposited, and ACH debits and ACH credits. Please see the account disclosure and agreement for other important terms and conditions that may apply.

All rates are subject to change anytime without prior notice at the Bank/s discretions. Imposition of fees may reduce earnings.