Earn more on savings, save more on loans

Reach your financial goals with competitive rates

Making the numbers work for you

Whether you want to strengthen your savings or you're looking for a mortgage, auto loan or credit card with the right rate, your money goes further with Carter Bank. Here you'll find updated rates for our various savings accounts and loans.

Deposit Interest Rates and Annual Percentage Yields (APYs)*

Personal Lifetime Free Checking

Effective Date: June 3, 2024
Interest Bearing Minimum Deposit to Open and Earn APY Interest Rate Annual Percentage Yield
No$1000.00%0.00%

Personal Lifetime Plus Checking

Effective Date: June 28, 2024
Interest Bearing Minimum Deposit to Open Tier Interest Rate Annual Percentage Yield*
Yes$100Non-Qualifying Tier:
$0-$999,999,999.99
0.05%0.05%
Qualifying Tier:
$0-$15,000
4.88%5.00%
Qualifying Tier:
$15,000.01 - $999,999.99
0.50%0.50%

A qualification cycle is a period starting on the first business day of the month, to the last business day of the month, which matches your current statement cycle.

Qualification requirements include eStatement enrollment, 15 point-of-sale debit card transactions (ATM transactions do not count towards the 15 qualifying transactions), and at least one direct deposit or ACH credit per cycle. 5.00% APY is effective as of 4/17/24. APY is blended and subject to change based on the balance in the account: Qualifying accounts $0-$15,000 at 5.00% APY; $15,000.01 and above at 0.50% APY (5.00% APY on the first $15,000 and 0.50% APY on the remaining balance). Non-qualifying accounts receive 0.05% APY on the entire balance. Fees could reduce the earnings on the account. ATM fees will be refunded up to $15 per month, only if all Lifetime Plus Checking qualifications are met. The minimum balance to open an account is $100. All rates, terms, and products are subject to change.

 

50+ Personal Interest Checking Account

Effective Date: June 3, 2024
Interest Bearing Minimum Deposit to Open and Earn APY Interest Rate Annual Percentage Yield*
Yes$100 min to Open and $0.01 to Earn APY0.05%0.05%

* Compounded daily, credited monthly.

Premium Interest Checking

Effective Date: June 3, 2024
Interest Bearing Minimum Deposit to Open and Earn APY Tiers Interest Rate Annual Percentage Yield*
Yes$100 min to Open and $0.01 to Earn APY$0.00 - $1,499.990.05%0.05%
$1,500.00 and above0.08%0.08%

* Compounded daily, credited monthly.

Business Interest Checking

Effective Date: June 3, 2024
Interest Bearing Minimum Deposit to Open and Earn APY Tier Interest Rate Annual Percentage Yield*
Yes$100 min to Open and $0.01 to Earn APY$0.00 - $4,999.990.10%0.10%
$5,000.00 - $999,999,999.990.15%0.15%

* Compounded daily, credited monthly.

Business Carter Checking 250

Effective Date: June 3, 2024
Interest Bearing Minimum Deposit to Open and Earn APY Interest Rate Annual Percentage Yield*
No$1000.00%0.00%

* Compounded daily, credited monthly.

Business Carter Checking 500

Effective Date: June 3, 2024
Interest Bearing Minimum Deposit to Open and Earn APY Interest Rate Annual Percentage Yield*
No$1000.00%0.00%

* Compounded daily, credited monthly.

Loyalty Advantage Checking

Effective Date: June 28, 2024
Interest Bearing Minimum Deposit to Open and Earn APY Tier Interest Rate Annual Percentage Yield*
Yes$100$0.00 - $24,999.990.00%0.00%
$25,000.00 - $49,999.994.16%4.25%
$50,000.00 - $99,999.994.26%4.35%
$100,000.00 - $499,999.994.35%4.45%
$500,000.00 - $999,999.994.45%4.55%
$1,000,000.00 - $999,999,999.994.89%5.01%
  • Tiered rate increases based on the total account balance
  • The monthly fee is $20 – waived if the daily account balance is $25,000 or above

* Compounded daily, credited monthly.

Carter Money Market - Personal and Business

Effective Date: June 3, 2024
Interest Bearing Minimum Deposit to Open and Earn APY Tier Interest Rate Annual Percentage Yield*
Yes$100 min to open and $2,500 to earn APY$0.00 - $2,499.990.00%0.00%
$2,500.00 - $24,999.990.10%0.10%
$25,000.00 - $49,999.990.11%0.11%
$50,000.00 - $99,999.990.13%0.13%
$100,000.00 - $499,999.990.15%0.15%
$500,000.00 - $999,999.990.19%0.19%
$1,000,000.00 - $2,499,999.990.25%0.25%
$2,500,000.00 - $4,999,999.990.27%0.27%
$5,000,000.00 and above0.30%0.30%

* Compounded daily, credited monthly.

Premium Money Market - Personal and Business

Effective Date: June 3, 2024
Interest Bearing Minimum Deposit to Open and Earn APY Tier Interest Rate Annual Percentage Yield*
Yes$100 to open and $2,500 to earn APY$0.00 - $2,499.990.00%0.00%
$2,500.00 - $24,999.990.26%0.26%
$25,000.00 - $49,999.993.21%3.26%
$50,000.00 - $99,999.993.31%3.37%
$100,000.00 - $499,999.993.40%3.46%
$500,000.00 - $999,999.993.50%3.56%
$1,000,000.00 and above3.93%4.01%

* Compounded daily, credited monthly.

Carter Savings - Personal and Business

Effective Date: June 3, 2024
Interest Bearing Minimum Deposit to Open and Earn APY Interest Rate Annual Percentage Yield*
Yes$50 min to Open and $0.01 to Earn APY0.10%0.10%

* Compounded daily, credited quarterly.

CD Specials

Effective Date: June 3, 2024
Limited Time Promotional Offer** Minimum Deposit to Open and Earn APY Interest Rate Annual Percentage Yield*
Personal and Business 7 Month Promo CD$1004.89%5.01%
Personal 11 Month CD Special$1004.41%4.51%
Personal 23 Month CD Special$1003.69%3.76%

*Certificates of DepositCompounded daily, credited quarterly on the anniversary date. Penalties for early withdrawals: For maturities of less than one year, a 30-day interest penalty will be assessed. For maturities of one year or more, a 90-day interest penalty will be assessed. Fees may reduce earnings.

**All promotional offers, products and services offered by CB&T are subject to updates, modifications and/or termination at any time. Initial Annual Percentage Yield (APY) for CD assumes principal and interest remain on deposit until maturity. To earn APY the minimum balance must be $100. A penalty for early withdrawal will be imposed. 

Certificate of Deposit (CD) Term - Personal and Business

Effective Date: June 3, 2024
Term Minimum Deposit to Open and Earn APY Interest Rate Annual Percentage Yield*
6 Month$25000.14%0.14%
1 Year$1000.35%0.35%
2 Year$1000.38%0.38%
3 Year$1000.45%0.45%
4 Year$1000.50%0.50%
5 Year$1000.55%0.55%

*Certificates of Deposit1 Compounded daily, credited quarterly on the anniversary date. Penalties for early withdrawals: For maturities of less than one year, a 30-day interest penalty will be assessed. For maturities of one year or more, a 90-day interest penalty will be assessed. Fees may reduce earnings.

Christmas Club**

Effective Date: June 3, 2024
Interest Bearing Minimum Deposit to Open and Earn APY Interest Rate Annual Percentage Yield*
Yes$10 min to Open and $0.01 to Earn APY3.44%3.50%

*Compounded daily, credited quarterly.

**Maximum deposit for our Year-Round Christmas Club is $5,000 per customer. The daily balance method is used to calculate the account interest. This applies a daily periodic rate to the principal ledger balance in the account each day. If account is closed or funds withdrawn before interest is credited, interest will be forfeited. This rate is accurate from October 21, 2023, to October 20, 2024. Fees may reduce earnings.

Give your money a workout

Earn higher interest than most traditional savings accounts.


1 Initial Annual Percentage Yield (APY) assumes, principal and interest remain on deposit until maturity. Interest is compounded daily and credited quarterly. To earn APY, the minimum balance must be $100.00. A penalty for early withdrawal will be imposed. Fees may reduce earnings. Annual Percentage Yield (APY) are accurate as of 12.15.23.

Information in this Rate Sheet may change at any time without notice. Refer to your account disclosures and fee schedule presented to you during your account opening process.