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.

Benefits of Our Carter Savings Account

To open an account, we require a minimum of a $50.00 deposit. To avoid the $5 monthly fee, you must maintain a minimum balance of $100.

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

*Interest rate and annual percentage yield may change. At our discretion, we may change the interest rate daily. Fees may reduce earnings. (This includes transfers for overdraft or insufficient funds transfers)

Expedite Your Savings with Carter Ca$h

At Carter Bank & Trust, we want to help you save and win money while doing it. 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.

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 $187 balance at the end of the drawing period, you will have 7 entries. Overall, we award 65 Carter Savings account holders annually through our Carter Ca$h savings challenge.

*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?


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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.


Open Your Carter Savings Account Today!

Whether you are saving for a new car or just building an emergency fund, our Carter Savings Account at Carter Bank & Trust can help you reach your financial goals. From unlimited in-person transfers to Carter Ca$h prizes, we’re here to help you get excited about saving money. To get started on your super savings, visit a Carter Bank & Trust branch near you today.


Apply Now Schedule an Appointment

To meet with a branch banking representative.

**Click here to view current rates.

See Fee Schedule for more details


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.


Frequently Asked Questions (FAQ’s)