Carter Savings Account
Common sense says it's a good idea to set aside money for unexpected expenses and financial emergencies. But take a moment to imagine everything else your savings might do someday - pay for vacations, make special purchases, cover college costs, and more. Start off with as little as $50, schedule automatic transfers to boost your balance, and feel good that you're taking the right steps to build a better tomorrow with our competitive rates.
FAQs
You can open the Carter Savings Account with just $50, but you'll need to maintain at least $100 daily to avoid a monthly $5 maintenance fee, with a 30-day grace period allowed.
Interest is compounded daily and credited quarterly, using the daily balance method to maximize growth.
You can link your Savings Account as a backup source for overdraft protection — transfers are triggered automatically when checking funds run short.
Carter Bank will charge your savings account after surpassing 6 transfers each month.
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1 Requirement: $50.00 minimum to open an account. A $100 minimum daily balance must be maintained to avoid $5 monthly minimum balance fee. 30 day grace period to get to minimum balance.
2 APY = Annual Percentage Yield.
All promotional offers, products and services offered by Carter Bank are subject to updates, modifications and/or termination at any time after account opening.
Carter Bank is a full-service financial institution with locations throughout Virginia and North Carolina.