Carver Federal Savings Bank
Carver Federal Savings Bank is a Community Development Financial Institution offering a wide range of personal and business banking products, along with specialized services for military customers and high-yield savings options.
Services
Carver Federal Savings Bank offers a wide range of personal and business banking services designed to meet diverse financial needs. These include checking accounts, savings accounts, certificates of deposit, and business credit cards. For business clients, the bank provides comprehensive lending services, including commercial and business loans. Additionally, Carver Federal Savings Bank offers mobile and online banking solutions such as Zelle, mobile deposit, and online bill pay. The bank also caters to military customers with financial services and benefits under the Servicemembers' Civil Relief Act.
Partnerships
Carver Federal Savings Bank partners with major financial institutions like J.P. Morgan Chase, Wells Fargo, and Allpoint. Through these partnerships, the bank provides customers with access to over 80,000 ATMs nationwide, ensuring convenient banking options for their clients. These collaborations help extend the reach and enhance the service offerings of Carver Federal Savings Bank.
Community Development Financial Institution (CDFI)
Carver Federal Savings Bank is designated as a Community Development Financial Institution (CDFI). This status reflects the bank's commitment to community-focused banking services. As a CDFI, Carver reinvests a significant portion of its resources—over 80 cents of every dollar—back into the communities it serves. The bank’s High Impact CD with a 5% APY is one example of how it supports community growth and development through dedicated financial products.
Branch Locations
Carver Federal Savings Bank operates seven full-service branches located in New York City. These branches provide comprehensive banking services to customers, supporting both personal and business banking needs. The physical presence of these branches ensures that Carver retains a strong, local, and accessible footprint in one of the most dynamic financial landscapes in the world.
Specialized Financial Products
Carver Federal Savings Bank offers unique financial products that cater to specific needs. Notable among these is their High Yield Online Savings account, which offers up to 4.70% APY. Additionally, their High Impact CD offers a competitive 5% APY. These products not only provide attractive returns for customers but also support Carver’s mission of reinvesting in the communities they serve.
