Carver Federal Savings Bank

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.carverbank.com

718-230-2900

75 West 125th Street at Lenox Avenue
New York, NY 10027

Founded on November 5, 1948, and named for agricultural researcher and scientist George Washington Carver, Carver formally began operations on 125th Street in Harlem, providing local residents a place to save and obtain mortgages to buy homes in their own communities on January 5, 1949. Now the largest African-American and Caribbean-American led bank in the United States, Carver continues its mission, providing banking services and by investing in its most precious resource, its customers. Carver channels its capital resources into underserved neighborhoods, investing over 80% of its deposits into the neighborhoods it serves.

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

C-

Data as of Q1 2025

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Carver Federal Savings Bank has a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #	30394
Year Established	1948
Employees	109
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	-1.61%
Return on Equity - YTD	-22.21%
Annual Interest Income	$8.4MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$734.8MM$758.8MM
Loans	Q1 2025vs Q1 2024	$607.3MM$617MM
Deposits	Q1 2025vs Q1 2024	$668.5MM$656.4MM
Equity Capital	Q1 2025vs Q1 2024	$52.3MM$60.4MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$6.3MM$5.9MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$25.1MM$23.9MM
Real Estate Owned	Q1 2025vs Q1 2024	$52K$52K

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Carver Federal Savings Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Carver Federal Savings Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
4.00%	$5k	-	High Yield Savings - Online
0.10%	$0	-	Relationship Savings
0.10%	$0	-	Youth Savings
0.10%	$0	-	Lease Security Tenant Savings
0.10%	$0	-	Lease Security Manager
0.10%	$0	-	Carver Savings

Carver Federal Savings Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
2.02%^*	$25k^*	-	Promo Business Money Market
OTHER TIERS: 0.50% → $0 - $25k
2.02%^*	$25k^*	-	Promo Consumer Money Market
OTHER TIERS: 0.50% → $0 - $25k
0.80%^*	$50k^*	-	Premier Money Market
OTHER TIERS: 0.50% → $0 - $25k \| 0.75% → $25k - $50k
0.80%^*	$100k^*	-	Business Premier Money Market
OTHER TIERS: 0.50% → $0 - $25k \| 0.75% → $25k - $100k
0.50%	$0	-	Money Market

Carver Federal Savings Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.00%	$1	-	IOLA
0.05%	$1	-	Business Value Plus Interest Checking
0.05%	$1	-	Value Plus Interesting Checking

Carver Federal Savings Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.00%	$2.5k	-	91 Day CD
3.75%	$2.5k	-	182 Day CD
3.75%	$2.5k	-	11 Month CD
3.50%	$2.5k	-	18 Month Hi - Rise CD
2.79%	$1k	-	24 Month CD
2.79%	$1k	-	36 Month CD
2.79%	$1k	-	48 Month CD
2.79%	$1k	-	60 Month CD
2.38%	$1k	-	18 Month CD
1.77%	$2.5k	-	12 Month CD

Carver Federal Savings Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
3.50%	$2.5k	-	18 Month Hi -Rise IRA CD
2.79%	$1k	-	36 Month IRA CD
2.79%	$1k	-	48 Month IRA CD
2.79%	$1k	-	60 Month IRA CD
2.79%	$1k	-	24 Month IRA CD
2.38%	$1k	-	18 Month IRA CD
1.77%	$2.5k	-	12 Month IRA CD
0.10%	$0	-	Savings Liquid IRA

Locations

Carver Federal Savings Bank Locations
Crown Heights Branch	1009 Nostrand Avenue	Brooklyn, NY 11225
St. Albans Branch	115-02 Merrick Blvd	Jamaica, NY 11434
Bedford-Stuyvesant Branch	1392 Fulton Street	Brooklyn, NY 11216
Malcolm X Boulevard Branch	142 Malcolm X Boulevard	New York, NY 10026
Atlantic Terminal Branch	4 Hanson Place	Brooklyn, NY 11217
Carver Federal Savings Bank	75 W 125th St	New York, NY 10027
Flatbush Branch	833 Flatbush Avenue	Brooklyn, NY 11226

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.