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Savings Accounts

Earn and save with a Basic Savings Account! Membership at Carter Credit Union begins with a Share Savings Account. A Share Savings Account allows you to deposit as much money as you like, but you can open one with as little as $5.

  • Minimum Opening Balance $5
  • Earn Dividends on any Balance
  • No Monthly Service Fees
  • 2 Free Withdrawals per Month1

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1 $10 charge for each additional withdrawal

Your Beyond Rewards Savings is an extra bonus to our Beyond Rewards Checking Account. Earn higher than average earnings with this account while building your savings nest for the future.1 Dividends and ATM refunds from Beyond Rewards Checking will be swept to your Beyond Rewards Savings each statement cycle to increase savings.

  • Free Account
  • Earns high yield dividend rewards
  • No minimum balance required
  • No monthly service fees
  • Must maintain a Beyond Rewards Checking account 

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1 Beyond Rewards Savings must be opened in conjunction with your Beyond Rewards Checking Account.

Carter's Money Max account is designed for those who desire to save greater amounts of money, but do not want to tie the funds up in certificates, or risk the principle investment in stocks. If saving is your goal, this is the perfect account for you!

  • Allows up to six transactions during the month1
  • Minimum monthly balance of $2,500 or greater to avoid service fee2

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1 Three transactions can be by check or draft

2 If the number of transactions is exceeded or the minimum monthly balance is not maintained an $8 service charge will be assessed.

It’s never too early to teach children the importance of saving money. Opening a Young Savers account can help develop early savings habits which will help them throughout their financial future. Start today and put your children and grandchildren on the right track.

  • No monthly service fees
  • 2 free teller withdrawals per month 1
  • Establishes individual's Credit Union membership
  • At 18, the account will be converted to our Basic Savings account

 OPEN NEW ACCOUNT

1 $10 charge for each additional withdrawal

Carter's Christmas Club account is a great way to put a little cash back each month and be prepared for holiday shopping. It seems we end up spending more than we anticipated just about every holiday season. Why not lessen that financial pressure by putting a little cash away ahead of time? This account is specifically designed for Christmas savings with payroll deduction as a perfect option.

  • $5 minimum opening balance
  • No monthly service fees
  • Dividends are earned on any balance
  • Unlimited withdrawals/transfers between October and December 1

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1 To encourage saving, a $10 fee is charged for any withdrawal/transfer between January and September

Health Savings Accounts (HSA) are designed for individuals who carry a high-deductible health plan. The HSA can be used as a tax advantage to offset health care expenses.

  • Earns dividends
  • Unlimited transactions
  • No monthly service fees
  • Potential tax benefits*

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* Federal tax laws regulate HSA's; therefore, you are encouraged to access the most current and more detailed information at The Department of Treasury website.

If you're looking for a safe, long-term investment strategy, a Share Certificate or an Individual Retirement Account (IRA) is a great place to start. With all the ups and downs on the stock market, it's reassuring to know that a Carter Certificate Account will never lose its original value.

Share Certificates

  • Minimum opening deposit $1,000
  • Dividend-earning rate is higher than standard savings rates
  • Terms from 6 months to 5 years

Individual Retirement Accounts

  • Traditional, ROTH, and Education IRA's
  • Minimum opening deposit $1,000
  • Terms from 6 months to 5 years
  • Tax benefits available - Consult your tax advisor

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