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Carver Federal Savings Bank

Popular Accounts at this Bank

1.11%5-year CD60 Month CD
0.25%1-year CD12 Month CD
0.25%SavingsPassbook Savings

Overview / Commentary
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.

Related Posts

NYC Checking Account Bonus - $150 - Carver Federal Savings Bank - 11/3/2016

To qualify for the $150 offer open a Carver Growth Checking account with a Relationship Savings account deposit the minimum opening balance of $250 and thereafter maintain the average monthly balance $2500 set-up direct deposit for this account within 60 days of account opening Good thru November 14, 2016 promotion flyer There‚Äôs also a $150 business checking offer Offers are only available at the following branches: 125th Street Main Office located at 75 West 125th Street and Malcolm Xlocated at 142 Malcolm X Boulevard. 

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Health Grade Components

FDIC Certificate #30394
Year Established1948
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD-0.88%
Return on Equity - YTD-9.6%
Annual Interest Income$13.0MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$663.7MM$699.0MM
LoansQ2 2017vs Q2 2016$529.9MM$561.4MM
DepositsQ2 2017vs Q2 2016$566.5MM$587.5MM
Equity CapitalQ2 2017vs Q2 2016$61.8MM$67.3MM
Loan Loss AllowanceQ2 2017vs Q2 2016$4.8MM$5.2MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$9.6MM$15.3MM
Real Estate OwnedQ2 2017vs Q2 2016$787.00K$1.0MM
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* 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

0.25%*$10k*-Relationship Statement Savings
OTHER TIERS: 0.15% $300 - $10k
0.25%--Statement Savings
0.25%--Passbook Savings
0.10%--Youth Savings
0.10%--Holiday Club Savings
0.10%--Vacation Club Savings

Carver Federal Savings Bank Money Market Rates

0.50%*$50k*-Premier Money Market
OTHER TIERS: 0.15% Up to $25k | 0.35% $25k - $50k
0.50%*$100k*-Business Premier Money Market
OTHER TIERS: 0.15% Up to $25k | 0.40% $25k - $100k
0.15%--Money Market

Carver Federal Savings Bank Checking Account Rates

0.05%--Interest Checking
0.05%--Carver Growth Checking
0.05%--Non-Profit Business Checking

Carver Federal Savings Bank CD Rates

1.11%$1k-60 Month CD
0.90%$1k-48 Month CD
0.85%$1k-36 Month CD
0.30%$1k-24 Month CD
0.30%$1k-30 Month CD
0.25%$2,500-12 Month CD
0.25%$1k-18 Month CD
0.15%$2,500-182 Day CD
0.10%$2,500-91 Day CD

Carver Federal Savings Bank IRA Rates

1.11%$1k-60 - 84 Month IRA CD
0.90%$1k-48 - 59 Month IRA CD
0.85%$1k-36 - 47 Month IRA CD
0.30%$1k-24 - 29 Month IRA CD
0.30%$1k-30 - 35 Month IRA CD
0.25%$2,500-12 Month IRA CD
0.25%$1k-18 - 23 Month IRA CD

Carver Federal Savings Bank Locations
Crown Heights Branch1009 Nostrand AvenueBrooklyn, NY 11225
St. Albans Branch115-02 Merrick BlvdJamaica, NY 11434
Bedford-Stuyvesant Branch1392 Fulton StreetBrooklyn, NY 11216
Malcolm X Boulevard Branch142 Malcolm X BoulevardNew York, NY 10026
Jamaica Center Branch158-45 Archer Ave At 160th StreetJamaica, NY 11433
Bradhurst Branch300 West 145th StreetNew York, NY 10039
Atlantic Terminal Branch4 Hanson PlaceBrooklyn, NY 11217
Carver Federal Savings Bank75 West 125th StreetNew York, NY 10027
Flatbush Branch833 Flatbush AvenueBrooklyn, NY 11226