Carter Savings Account

Even with all of the technological changes in the banking industry and new opportunities to save, we believe that there is still room for simplicity. We cannot be simpler than our savings account.

Our Carter Savings Accounts are easy to use and will help you build up funds to cover both planned and unexpected future expenses. If you already have a checking account with us, opening a savings account will allow you to set up free automatic transfers from checking to savings. Whether you schedule a transfer once a week or once a month, this feature makes it even more convenient to build up an emergency fund or nest egg without actually thinking about it.



Requirement: $50.00 minimum to open an account.  30 day grace period to get to minimum balance.

*By law, you may make no more than six (6) transfers or withdrawals from your account each month.  This can only occur three (3) times in a rolling twelve month period or the account type may change or account may be closed. A $5.00 fee will be assessed for each transfer made that exceeds the six (6) limit per month. Exceptions to this are transactions or withdrawals made by mail, messenger, ATM or in person. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate daily. Fees may reduce earnings.

Win up to $25,000 by saving with Carter Ca$h.

Carter Ca$h is our savings challenge program designed to help you save while giving you the chance to win money, potentially increasing your savings opportunities.

At Carter Bank & Trust, we want to help you save and win! For every increment of $25 on the balance in your Personal Savings account* as of the last day of the drawing period, you earn an entry to win $50 monthly, $250 quarterly and $25,000 at year end. (For example, if you have a $187 balance at the end of the drawing period, you will have 7 entries)


*Money Market, Christmas Club and Business Savings accounts are excluded from the Carter Ca$h program. Businesses, estates, trusts, organizations and any other public or private entities are ineligible to participate.

How often are Carter Ca$h prizes awarded?


Prize DrawingsNumber of WinnersPrize AmountsTotal Annual WinnersTotal Annual Prize Amounts
Total Annual Prize Amounts















Annual Total




What do you need to do to participate?

If you already have a Carter Bank & Trust Personal Savings Account, you don’t have to do anything.  For every $25 in your account, you have one entry to win $50 monthly, $250 quarterly or $25,000 at year-end cash prize.  If you have $100 in your account, you have four entries.


If you don’t have a Personal Carter Savings Account, open one today!


Apply Now

**Click here to view current rates.

The odds of winning depend on the number of eligible entries. Each entry has an equal chance of winning. Carter Ca$h awards are tax reportable. Winners will be issued an IRS Form 1099. 

Winning primary account owners will have their prize money deposited directly into their Personal Savings Account. A primary account owner must be 18 years old or older at the time of the drawing. Fees associated with the Personal Savings Account still apply. All federal regulations still apply.