Get started

High Yield Online Savings Account

Grow Your Savings faster with a 4.50% Annual Percentage Yield (APY)

  • Earn up to 4.50% 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 3 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.
*Interest rates are subject to change anytime without prior notice at the Bank/s discretions. See your account disclosures and agreements for other important terms and conditions that may apply.  Imposition of fees may reduce earnings. Fee, such as non-sufficient funds, overdraft fees, may apply to all accounts.  See Fee Schedule for details.  E-Statements available at no charge, otherwise $3.00 fee per monthly paper statements.  We’ve partnered with JP Morgan Chase, Wells Fargo and Allpoint networks to provide free access to ATMs nationwide.  You will not be charged a fee when using an in-network ATM, however, a third-party fee of $2.50 will be charged when using out-of-network ATMs.  Carver Banks ATM Policies are subject to change at our discretion at any time. Carver Statement Saving has an Annual Percentage Yield (APY) of  0.10% as of March 13, 2023.