Loyalty Advantage Checking Account

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A larger balance leads to a bigger payout with this special checking account

Lock in higher interest rates while enjoying many other perks 

Deposit more, earn more
As your balance increases, your interest increases with our tiered rates.
Save time
Open your account and manage it conveniently, anytime, all online.
Save money too!
Receive special loan discounts for maintaining a higher checking account balance.

The advantages in this account are numerous and valuable

Looking for a checking account that goes beyond the norm? Check out our Loyalty Advantage Checking Account. If you regularly maintain larger balances, you can earn interest at a higher rate while accessing all the convenient digital tools you need to manage your checking account. And we include several free resources to thank you for being loyal to Carter Bank. 

  • Tiered interest rate increases based on the total account balance
  • An additional .125% rate discount on any new loan, except HELOC Modifications and CD Secured, with auto pay
  • Deposit and manage money using digital banking, over the phone or by visiting a Carter Bank branch
  • Free checks once per year when customer goes into a branch location or calls the customer Call Center
  • Free cashier’s checks
  • Free outgoing wire transfers
  • Access to ATMs at select Carter Bank locations  or through our nationwide network of surcharge-free MoneyPass® ATM locations

FAQs

You can open the account with $100, but you must maintain at least $25,000 to earn any interest; falling below that yields 0.00% APY.

To qualify, you must enroll in auto pay from a Carter Bank account on any new loan (except HELOC modifications and CD-secured loans) — then you receive a 0.125% rate discount on that loan.

Perks include free cashier’s checks, one set of free checks per year, no-fee outgoing wire transfers, loan discounts, and unlimited access to MoneyPass ATMs. Rates are tiered based on account balances.

Visit our rates page to see more details about tiered rates and interest rates.

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Related Resources

Check out our handy financial tools and resources.

Your Security, Our Priority
Learn how Carter Bank protects your accounts and what you can do to stay safe online.

Bank rules and regulations apply.  Interest rate and annual percentage yield may change. At our discretion, we may change the interest rate daily. Other fees, such as, non-sufficient funds, etc. may apply.  See Fee Schedule for details. Fees may reduce earnings.

Carter Bank is a full-service financial institution with locations throughout Virginia and North Carolina.

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