Personal Savings Account | Tennessee - TN

Side by side comparison

Life can throw some unexpected curveballs. That’s why it’s important to have a personal savings account. Unfortunately, many Americans don’t have one set up. When you work with the right bank, saving money is easy. At Carroll Bank & Trust, we offer a variety of savings accounts aimed at helping you keep the money you earn for whatever it is that you might need such as emergencies, for a down payment on a house, or as part of retirement. We want to help you find the solution that works best for you.

Regular

Regular Savings Account
- Withdrawal Limits
- Minimum Deposit
- Monthly Service Fee
- No Maximum Balance
- Earns Interest
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Christmas Club

Christmas Club Account
- Withdrawal Limits
- Minimum Deposit
- Monthly Service Fee
- Maximum Balance
- Earns Interest
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Money Market

Money Market Daily Savings
- Withdrawal Limits
- Minimum Deposit
- Monthly Service Fee
- No Maximum Balance
- Earns Interest
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Vacation Club

Vacation Club Account
- Withdrawal Limits
- Minimum Deposit
- Monthly Service Fee
- Maximum Balance
- Earns Interest
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Purchase
COD

Certificate of Deposit Accounts
- Withdrawal Limits
- Minimum Deposit
- Monthly Service Fee
- Maximum Balance
- Earns Interest
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Retirement

Individual Retirement Plan
- Withdrawal Limits
- Minimum Deposit
- No Monthly Service Fee
- Maximum Balance
- Earns Interest
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Twin Oaks Flex

Money Market Savings Account
- Withdrawal Limits
- Rate moves with Wall Street Journal Prime Rate
- Minimum Deposit
- No Maximum Balance
- Earns Interest
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Purchase

Regular Savings Account

Regular Saver Account Overview
The Basics
$100.00 initial deposit	Pays competitive interest

This account earns some great rewards:

Interest compounded daily and paid quarterly
Three withdrawals per quarter; $7.50 charge per additional withdrawal
Quarterly statement for active accounts
Tiered interest rates with no interest paid under $10.00

*All manual transactions (in person withdrawals and phone transfers conducted by bank personnel) are limited to 3 per statement cycle; $7.50 fee per manual transaction in excess thereafter.”

Money Market Daily Savings Accounts (MMDA)

Money Market Daily Savings Accounts Overview
The Basics
$2,500.00 initial deposit	Competitive simple interest compounded daily and paid monthly

Competitive simple interest compounded daily and paid monthly
Three withdrawals per month; $7.50 charge per additional withdrawal
Monthly statement
Tiered interest rates with no interest paid under $2,500.00

*All manual transactions (in person withdrawals and phone transfers conducted by bank personnel) are limited to 3 per statement cycle; $7.50 fee per manual transaction in excess thereafter.”

Twin Oaks Flex Money Market Savings Account

Twin Oaks Flex Money Market Savings Accounts Overview
The Basics
$10,000 minimum initial deposit	Variable Rate Account

0.90% APY* ($10,000 Minimum)

1.25% APY* ( $50,000 Minimum)

1.75% APY* ($100,000 Minimum)

3.15% APY* ($250,000 Minimum)

4.25% APY* ($500,000 Minimum)
Rate moves with the Wall Street Journal Prime Rate
Additional information in the below disclosure

To open the account, you must deposit a minimum of $10,000. The account’s interest rate and annual percentage yield (APY) depend on the applicable tier. Must maintain a minimum balance of $10,000 to obtain APY. This account is a variable rate account. At our discretion, we may change the interest rate on your account. Rate moves with the Wall Street Journal Prime Rate. The tiered interest rate may increase or decrease a minimum of 0.10% APY with each 0.25% change in the Wall Street Journal Prime Rate. The rate will be updated within 24 hours of a change in the printed Wall Street Journal Prime Rate and will be effective the next business day. APY is accurate as of 9/18/2025. Tier 1 – If your daily balance is $0.00 to $9,999.99, you will earn an interest rate of 0.00% with an APY of 0.00%. Tier 2- If your daily balance is $10,000.00 to $49,999.99, you will earn an interest rate of 1.49% with an APY of 1.50%. Tier 3- If your daily balance is $50,000.00 to $99,999.99, you will earn an interest rate of 1.98% with an APY of 2.00%. Tier 4- If your daily balance is $100,000.00 to $249,999.99, you will earn an interest rate of 2.47% with an APY of 2.50%. Tier 5- If your daily balance is $250,000.00 to $499,999.99, you will earn an interest rate of 3.93% with an APY of 4.00%. Tier 6 – If your daily balance is $500,000.00 and above, you will earn an interest rate of 5.37% with an APY of 5.50%. Three withdrawals are allowed in each statement cycle. More than three withdrawals will result in a $7.50 service charge. Inactive accounts over 12 months with a balance of less than $50.00 will be charged $5.00 per month. Fees may reduce earnings. All rates, fees, terms, and programs are subject to change without notice except as required by law.