Personal Savings Accounts
Regular Savings
Designed for Traditional Savers
- $100.00 deposit to open
- No Maintenance Fee if the balance remains $100 or above
- 6 Free withdrawals permitted per month
- Interest is compounded daily and paid at the end of the quarter
- Statements are issued and mailed out quarterly
- Transaction limitations apply
Christmas Club Accounts
Be prepared for Holiday Shopping
- Deposits to this account are automatically drafted from your Carolina Bank Checking Account
- Interest compounded daily and credited annually at maturity
- Deposited directly into your Carolina Bank Checking Account at maturity
- Begins each year in October
Carolina Easy Saver
Earn a CD Rate Without the Minimum
- $100.00 deposit to open
- At least a deposit of $25.00 per month that is automatically drafted from your Carolina Bank deposit account
- Early withdrawal penalty will apply
- Interest Rate is equivalent to the 12-month certificate of deposit rate
- Interest is compounded daily and paid to the account at maturity
Certificates of Deposits (CDs)
We offer a wide range of terms on Certificates of Deposit allowing you to choose a guaranteed interest rate and terms to suit your investment needs. Special features of Carolina Bank CDs are:
- Minimum deposit of only $1,000
- Automatic renewal
- The choice is yours for Monthly, Quarterly, Semi-annually, Annually or at Maturity interest payments
- Choose the method for receiving interest payment – Deposited to a designated account or added back to your renewable CD at maturity
- Deposits of $100,000 or more and some terms are negotiable with the approval of the President’s office
Individual Retirement Account (IRA)
A tax-deferred IRA or Individual Retirement Account can help you accumulate money for your retirement while giving an immediate tax deduction for most people. At Carolina Bank, you can open a variable rate IRA with a minimum deposit $1,000 and earn Money Market rates, or open a fixed rate IRA with an initial deposit of $1,000.