Savings Accounts

Money Market

Enjoy the convenience of check writing with money market interest rates.

Minimum Opening Deposit $2,500.00
Monthly Maintenance Fee $6.00

  • A minimum daily balance of $2,500.00 is required to avoid service charges.
  • An excessive withdrawal fee of $5.00 will be assessed for each withdrawal, check paid, automatic transfer or payments out of the bank in excess of six per month.

Convenience Savings

"A penny saved is a penny earned" with this easy to manage savings account.

Minimum opening deposit $50.00
Monthly Maintenance Fee $5.00

  • Two withdrawals per month, $3.00 per additional withdrawal.
  • A minimum daily balance of $300.00 is required to avoid service charges.

First Savings

Designed with that special customer in mind.

Minimum opening deposit $50.00
Monthly Maintenance Fee $4.00
No minimum balance required  

  • Four withdrawals and four balance inquiries per month free.
  • There will be a $5.00 charge for each additional withdrawal and/or inquiry.

Certificates of Deposit

  • Carver State Bank offers certificates with terms from 7 days to 8 years to meet both short-term and long-term investment needs.
  • Take advantage of such features as automatic renewal of your certificate, ten-day grace periods, interest checks, automatic transfers of interest to checking or savings accounts and interest compounding.
  • A minimum deposit of $2,500.00 is required for terms of 7 to 89 days.
  • All other terms require a minimum deposit of $500.00. Interest penalties will be assessed for early withdrawals.

Individual Retirement Account

Save now for a more comfortable future with an IRA.

  • A minimum contribution of $500.00 is required.
  • Fixed and variable rate IRAs are offered for your retirement goals.
  • No fees for distribution or contributions.
  • No charge for IRA transfers from other financial insitutions.
  • The contribution amounts may vary.

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