What are the current interest rates at Carver Federal Savings Bank?

Current rates for Carver Federal Savings Bank include: 12-Month CD: 3.43%, 18-Month CD: 3.17%, 24-Month CD: 3.17%, 36-Month CD: 3.17%, 48-Month CD: 3.17%, 60-Month CD: 3.17%, Savings: 0.10%, MMA: 0.50%

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Carver Federal Savings Bank

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Carver Federal Savings Bank Rates & Review September 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Carver Federal Savings Bank provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: September 20, 2026

Carver Federal Savings Bank's 91 day CD rates are at 3.69%, 11-Month CD rates are at 3.59%, 182 day CD rates are at 3.59%, 12-Month CD rates are at 3.43%, 12-Month IRA CD rates are at 3.43%. Carver Federal Savings Bank's savings rates are at 0.10%. Carver Federal Savings Bank's money market rates are at 0.50%. MonitorBankRates evaluates the financial stability of Carver Federal Savings Bank with a 2.9 Star Rating, an F Overall Health Grade, and a Texas Ratio of 40.52%. Rates last updated and verified on 09/20/2026.

Carver Federal Savings Bank money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Carver Federal Savings Bank? Share your experience about Carver Federal Savings Bank by leaving a review below, or read customer reviews before you decide to use Carver Federal Savings Bank.

Overall Health & Safety Grade

High Risk Health Score: 58/100

MonitorBankRates Rating

2.9

Fair Out of 5.0 Stars

Texas Ratio

40.52%

Fair Higher than avg

Health Trend

Worsening 12 quarters

Full history ›

Carver Federal Savings Bank

75 W 125th St
New York, NY 10027

https://www.carverbank.com/

Carver Federal Savings Bank CD Rates

Product	Rate	APY	Term
91 day CD	3.63%	3.69%	91 day
Min Deposit $2,500 Min Balance $2,500 Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
11 Month CD	3.53%	3.59%	11 Month
Min Deposit $2,500 Min Balance $2,500 Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
182 day CD	3.53%	3.59%	182 day
Min Deposit $2,500 Min Balance $2,500 Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
12 Month CD	3.38%	3.43%	12 Month
Min Deposit $2,500 Min Balance $2,500 Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
12 Month IRA CD	3.38%	3.43%	12 Month
Min Deposit $2,500 Min Balance $2,500 Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
18 Month HI-Rise CD	3.38%	3.43%	18 Month
Min Deposit $2,500 Min Balance $2,500 Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
18-Month CD	-	3.43%	18 months
Min Deposit $2,500 Details Request a rate increase if our offering rises Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
18 Month CD	3.13%	3.17%	18 Month
Min Deposit $1,000 Min Balance $1,000 Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
18 Month IRA CD	3.13%	3.17%	18 Month
Min Deposit $1,000 Min Balance $1,000 Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
24 Month CD	3.13%	3.17%	24 Month
Min Deposit $1,000 Min Balance $1,000 Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
24 Month IRA CD	3.13%	3.17%	24 Month
Min Deposit $1,000 Min Balance $1,000 Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
36 Month CD	3.13%	3.17%	36 Month
Min Deposit $1,000 Min Balance $1,000 Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
36 Month IRA CD	3.13%	3.17%	36 Month
Min Deposit $1,000 Min Balance $1,000 Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
48 Month CD	3.13%	3.17%	48 Month
Min Deposit $1,000 Min Balance $1,000 Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
48 Month IRA CD	3.13%	3.17%	48 Month
Min Deposit $1,000 Min Balance $1,000 Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
60 Month CD	3.13%	3.17%	60 Month
Min Deposit $1,000 Min Balance $1,000 Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
60 Month IRA CD	3.13%	3.17%	60 Month
Min Deposit $1,000 Min Balance $1,000 Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%

Carver Federal Savings Bank Savings Rates

Product	Rate	APY
High Yield Savings Exclusive online	3.92%	4.00%
Min Deposit $5,000 Details Online Only Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
Relationship Savings	0.10%	0.10%
Min Deposit $250 Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
Savings Liquit IRA	0.10%	0.10%
Min Deposit $100 Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
Youth Savings	0.10%	0.10%
Min Deposit $10 Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%

Carver Federal Savings Bank Money Market Rates

Product	Rate	APY
Business Promo Money Market	2.00%	2.02%
Min Deposit $25,000 Min Balance $25,000 Details Balance: Tier1:$0-$24,999.99 Tier2:$25,000 & Above Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
Consumer Promo Money Market	2.00%	2.02%
Min Deposit $25,000 Min Balance $25,000 Details Balance: Tier1:$0-$24,999.99 Tier2:$25,000 & Above Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
Promotional Money Market	-	2.00%
Min Deposit $25,000 Min Balance $25,000 Details New deposit funds are required to open the Promo Money Market Account. A $25.00 monthly service fee will be charged if the minimum daily balance falls below $25,000 in a monthly statement cycle and the rate will adjust to the standard money rate. Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
Business Premier Money Market	0.80%	0.80%
Min Deposit $25,000 Min Balance $100,000 Details Balance: Tier1:$0-$24,999.99 Tier2:$25,000-$99,999.99 Tier3:$100,000 & Above Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
Premier Money Market	0.80%	0.80%
Min Deposit $25,000 Min Balance $50,000 Details Balance: Tier1:$0-$24,999.99 Tier2:$25,000-$49,999.99 Tier3:$50,000 & Above Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
Business Premier Money Market	0.75%	0.75%
Min Deposit $25,000 Min Balance $25,000 Details Balance: Tier1:$0-$24,999.99 Tier2:$25,000-$99,999.99 Tier3:$100,000 & Above Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
Premier Money Market	0.75%	0.75%
Min Deposit $25,000 Min Balance $25,000 Details Balance: Tier1:$0-$24,999.99 Tier2:$25,000-$49,999.99 Tier3:$50,000 & Above Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
Business Premier Money Market	0.50%	0.50%
Min Deposit $25,000 Min Balance $0 Details Balance: Tier1:$0-$24,999.99 Tier2:$25,000-$99,999.99 Tier3:$100,000 & Above Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
Business Promo Money Market	0.50%	0.50%
Min Deposit $25,000 Min Balance $0 Details Balance: Tier1:$0-$24,999.99 Tier2:$25,000 & Above Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
Consumer Promo Money Market	0.50%	0.50%
Min Deposit $25,000 Min Balance $0 Details Balance: Tier1:$0-$24,999.99 Tier2:$25,000 & Above Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
Money Market	0.50%	0.50%
Min Deposit $250 Details Balance: N/A Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
Premier Money Market	0.50%	0.50%
Min Deposit $25,000 Min Balance $0 Details Balance: Tier1:$0-$24,999.99 Tier2:$25,000-$49,999.99 Tier3:$50,000 & Above Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%

Carver Federal Savings Bank Checking Rates

Product	Rate	APY
Business Value Plus Interest Checking	0.05%	0.05%
Min Deposit $50 Min Balance $1 Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
Business Value Plus Interest Checking	-	0.05%
Min Deposit $50 Min Balance $5,000 Details Value Plus Checking for consumer accounts requires a daily minimum balance of $1,500.00 to avoid a $6.00 monthly service charge fee. A Business Value Plus Interest Checking account requires a daily minimum balance of $5,000 to avoid a $20.00 monthly service charge fee. The rate is a variable and subject to change without prior notice. Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
Value Plus Interest Checking	0.05%	0.05%
Min Deposit $50 Min Balance $1 Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%

Carver Federal Savings Bank Other Rates

Product	Rate	Points	APY/APR
IOLA (Business)	2.00%	-	2.00%
Min Deposit $100 Min Balance $1 Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
Lease Security Manager (Business)	0.10%	-	0.10%
Min Deposit $0 Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%
Lease Security Tenant (Business)	0.10%	-	0.10%
Min Deposit $0 Last Updated 09/20/2026 Institution Ratings 2.9 Star Rating F Health Grade ◈ Texas Ratio: 40.52%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Financial Health History

Carver Federal Savings Bank’s Texas Ratio rose from 28.07% in Q3 2023 to 40.52% in Q2 2026, so its financial health has weakened over the past 12 quarters. Over the same period its Star Rating moved from 3.9 to 2.9 and its Health Grade from C to F. Lower Texas Ratios are healthier; the green zone below the amber 15% line is where a bank must stay to qualify for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade15% Verified Healthy limit (green zone below = healthy)

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
June 30, 2026	$658M	40.52%	2.9	F
March 31, 2026	$676M	41.75%	2.8	F
December 31, 2025	$696M	65.23%	1.0	F
September 30, 2025	$703M	55.15%	1.7	F
June 30, 2025	$718M	49.71%	2.1	F
March 31, 2025	$735M	48.18%	2.2	F
December 31, 2024	$732M	42.21%	2.7	F
September 30, 2024	$752M	35.28%	3.3	D
June 30, 2024	$749M	36.81%	3.2	D
March 31, 2024	$759M	39.58%	3.0	F
December 31, 2023	$777M	44.83%	2.5	F
September 30, 2023	$744M	28.07%	3.9	C

Source: FDIC call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Carver Federal Savings Bank is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Carver Federal Savings Bank rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Carver Federal Savings Bank's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Carver Federal Savings Bank

Bank Holding Company CARVER BCORP INC

Address 75 W 125th St, New York, NY 10027 · New York

Website https://www.carverbank.com/

FDIC Certificate # 30394

Established 19480101

FDIC Insurance Date 19890809

Domestic Offices 7

Total Branches 7

Regulator OCC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

Overall Health Grade Score: 58/100

2.9

Fair Out of 5.0 Stars

40.52%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) -0.7243%

Return on Equity (ROE) -10.1000%

Non-Performing Loans (NPL) 2.90%

Total Assets $658,052,000

Total Deposits $580,609,000

Equity Capital $47,260,000

Net Income $-2,451,000

Headquarters New York

Total Branches and Offices 7

Source: FDIC | Last Updated 06/30/2026

Customer Reviews

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Frequently Asked Questions About Carver Federal Savings Bank

How many branches does Carver Federal Savings Bank operate?

Carver Federal Savings Bank currently maintains approximately 7 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Carver Federal Savings Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Carver Federal Savings Bank provides members with tools to manage their accounts and build a solid financial history.

Does Carver Federal Savings Bank offer online and mobile banking?

Most modern institutions like Carver Federal Savings Bank provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.carverbank.com/.