Carter Bank and Trust of Virginia and North Carolina is offering some decent CD rates when compared to today’s national average as well as the top rates from our database of online banks.
Founded in just 2006, Carter Bank and Trust already has a huge presence in these two states. Their corporation formed through the merger of 10 banks with 124 offices in Virginia and North Carolina. Despite it’s vast presence within the two states, its not considered a large bank though. It is the 246th largest bank in the country by asset size and just the 8th largest bank in Virginia, with a little over 1,000 full time employees.
Carter Bank and Trust CD Rates:
(All savings and deposit products provided by Carter Bank and Trust are FDIC insured up to $250,000. Visit carterbankandtrust.com for further information. Rates not shown on their website.)
- 6 month CD yielding 1.15% APY requiring a minimum deposit of $2500.00.
- 12 month CD yielding 1.20% APY requiring a minimum deposit of $100.00.
- 36 month CD yielding 1.76% APY requiring a minimum deposit of $100.00.
- 60 month CD yielding 2.12% APY requiring a minimum deposit of $100.00.
To put the offers above in perspective, today’s national average for 12 month CDs and 5 year CDs sits at roughly 0.75% APY and 1.50% APY, respectively.