Personal Savings
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.
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RegularRegular Savings Account
- Withdrawal Limits
- Minimum Deposit
- Monthly Service Fee
- No Maximum Balance
- Earns Interest
- LEARN MORE
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Christmas ClubChristmas Club Account
- Withdrawal Limits
- Minimum Deposit
- Monthly Service Fee
- Maximum Balance
- Earns Interest
- LEARN MORE
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Money MarketMoney Market Daily Savings
- Withdrawal Limits
- Minimum Deposit
- Monthly Service Fee
- No Maximum Balance
- Earns Interest
- LEARN MORE
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Kasasa SaverKasasa Saver Account
- No Withdrawal Limits
- Minimum Deposit
- No Monthly Service Fee
- No Maximum Balance
- Earns Interest
- LEARN MORE
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Vacation ClubVacation Club Account
- Withdrawal Limits
- Minimum Deposit
- Monthly Service Fee
- No Maximum Balance
- Earns Interest
- LEARN MORE
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CODCertificate of Deposit Accounts
- Withdrawal Limits
- Minimum Deposit
- Monthly Service Fee
- Maximum Balance
- Earns Interest
- LEARN MORE
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RetirementIndividual Retirement Plan
- Withdrawal Limits
- Minimum Deposit
- No Monthly Service Fee
- Maximum Balance
- Earns Interest
- LEARN MORE
Kasasa Saver is a free account that is an add-on to Kasasa Cash or Cash Back!
This account earns some great rewards:
| The Basics | |
|---|---|
| 0.50% APY* up to a balance cap of $15,000 | The portion of the balance above $15,000 will earn 0.15 interest rate resulting in a range from 0.50% to 0.20% APY* depending on the account’s balance |
The money you earn in:
- Kasasa Cash, including the high APY* & ATM fee refunds, will sweep into Kasasa Saver to help you save more!
OR
- Kasasa Cash Back, including the cash back rewards & ATM fee refunds, will sweep into Kasasa Saver to help you save more!
- And there are no monthly service fees
How to Qualify for Kasasa Saver
- When you qualify in Kasasa Cash or Kasasa Cash Bank, you qualify for Kasasa Saver
- $100 minimum deposit to open
Even if you don’t qualify during a given cycle:
1) There are still NO Penalties AND 2) The account still earns a base rate of 0.01% APY*
*APY = Annual Percentage Yield. APY’s accurate as of 11/24/2015. Rates are variable & may change after account is opened without notice. Overdraft & NSF fees may reduce earnings on the account.
| 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
*Transfers or withdrawals from a savings account to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party, are limited to 6 per month.
**Due to COVID-19 the above limitations have been temporarily suspended; therefore, transfers and withdrawals are unlimited until further notice.
| 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
*Transfers or withdrawals from a money market account to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party, are limited to 6 per month.
**Due to COVID-19 the above limitations have been temporarily suspended; therefore, transfers and withdrawals are unlimited until further notice.
| The Basics | |
|---|---|
| $100 minimum deposit to open | Interest compounded daily and paid at maturity |
- Maximum Balance of $5,000.00
- Consumers 18 years or older
Customer receives check in early November just in time for Christmas.
| The Basics | |
|---|---|
| $10.00 initial deposit | Interest compounded daily and paid annually |
- Two (2) withdrawals per year
- Maximum Balance of $5,000.00
- Consumers 18 years or older
| The Basics | |
|---|---|
| $500.00 initial deposit | Competitive rates |
- Certificates may be structured from 7 days to 60 months to fit individual needs
- Simple interest paid monthly, quarterly, semi-annually or at maturity
- Certificates can be automatically renewed
- Federal regulations require penalty for early withdrawal
- Jumbo certificate of deposit rates quoted daily by savings department
| The Basics | |
|---|---|
| $100.00 initial deposit | No Annual Fee |
- Simple interest compounded quarterly & credited to account quarterly
- Withdrawals permitted at age 59 1/2 (prior to 59 1/2 1 month penalty)
- Age 70 1/2 withdrawals are required
Equal Housing Lender
