Carver Federal Savings Bank

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.

Reviews (1)

The Absolute Worst!!

Posted by: |

My daughter has a custodial account she was able to create an online account when she called the bank to find out why she couldn't transfer funds into or out of the account all record of her account disappeared. My daughter is 18 by law that account is supposed to be turned over to her.That Brenda McCoy character told her to send in a "dormant" form and a copy of her I.D. and have it notarized she still does not have access to her account it's been over two weeks since she sent in this information every time she calls this "bank" she gets the runaround.. These people are liars and crooks , so much for supporting black businesses. My father who is in hospice in Harlem hospital made the account for my son and daughter, we both called the bank together,when we spoke to Brenda McCoy she says to my father, I swear on my late mother , this is what she says to my father, "I thought you were dying" then she accuses my daughter and myself of committing fraud by saying ,we don't sound right. Meanwhile my daughter's account has all but disappeared, there is no record of her account at Carver Federal Savings Bank my daughter has spoken to Janet Beach. Got the runaround. Today she spoke with with Raquel Green who in retaliation for my daughter , who in desperation, opened a case with The OCC refused to even speak with my daughter and told her she has to wait for the bank to respond to the OCC. They have never even tried to resolve my daughter's issues from where I am sitting I think they stole her money. These people are unethical trash and I am embarrassed and ashamed that they are representing black businesses. They looked for any excuse to deny my daughter access to an account that is in her name and have basically stolen her money. No wonder no customers can leave posts on their Facebook page. They are CROOKS!!


Health Grade Components

FDIC Certificate #30394
Year Established1948
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.36%
Return on Equity - YTD4.59%
Annual Interest Income$9.8MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$758.8MM$724.2MM
LoansQ1 2024vs Q1 2023$617MM$592.7MM
DepositsQ1 2024vs Q1 2023$656.4MM$610.7MM
Equity CapitalQ1 2024vs Q1 2023$60.4MM$62.1MM
Loan Loss AllowanceQ1 2024vs Q1 2023$5.9MM$5.2MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$23.9MM$12.8MM
Real Estate OwnedQ1 2024vs Q1 2023$52K$60K
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

4.70%*$250k*-High Yield Savings - Online
OTHER TIERS: 0.10% $0 - $5k | 4.50% $5k - $100k | 4.60% $100k - $250k
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
0.10%$0-Savings Liquid IRA

Carver Federal Savings Bank Money Market Rates

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

0.05%$1-Business Value Plus Interest Checking
0.05%$1-Value Plus Interesting Checking

Carver Federal Savings Bank CD Rates

5.00%$2.5k-11 Month CD Special
4.75%$2.5k-182 Day CD
4.25%$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
1.26%$2.5k-91 Day CD

Carver Federal Savings Bank IRA Rates

4.25%$2.5k-18 Month Hi -Rise IRA Special
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

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
Atlantic Terminal Branch4 Hanson PlaceBrooklyn, NY 11217
Carver Federal Savings Bank75 W 125th StNew York, NY 10027
Flatbush Branch833 Flatbush AvenueBrooklyn, 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.