Personal Savings Accounts

Regular Savings

Designed for Traditional Savers

• $100.00 deposit to open
• No Maintenance Fee if the balance remains $100 or above
• Two 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.