Deposit Rates

Product Notes: These rates are for consumers and businesses in our market area. Please see a customer service representative if you have questions or a special request. Rates are subject to change without notice on website. Please contact Carolina Bank for most recent rates and questions/concerns.

*APY=Annual Percentage Yield

Updated 7/23/08

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Interest Rate: 5.00

Notes: 

SMART Savings

APY *: 3.30

Interest Rate: 3.25

Notes: Limited time offer. Annual Percentage Yield is accurate as of 5/27/08. This rate is guaranteed until 1/2/09. After 1/2/09, rates are subject to change at any time without notice. Minimum opening deposit of $50,000.00 and must maintain balance of $50,000.00 to earn APY of 3.30% and rate of 3.25%. Transaction limitations apply. A transaction fee will be assessed for any transfers and withdrawals in excess of the legal limit. Accounts with balances of $49,999.99 and under earn 0.15% APY. See Customer Service Representative for complete details.

6-Month CD Special

APY *: 4.00

Interest Rate: 3.92

Notes: $10,000 minimum

Platinum Checking

APY *: 0.15

Interest Rate: 0.15

Notes: 

SmartBanker Checking balance $2,000 to $9,999.99

APY *: 0.62

Interest Rate: 0.62

Notes: Balance must not fall below $2,000 entire statement cycle.

SmartBanker Plus Money Market

APY *: 0.32

Interest Rate: 0.32

Notes: Balance $0 to $9,999.99

Smart Banker Plus Money Market

APY *: 2.77

Interest Rate: 2.73

Notes: Balance $25,000 and over

Certificate of Deposit term 30-59 days

APY *: 1.10

Interest Rate: 1.09

Notes: 

Certificate of Deposit term 24-35 months

APY *: 2.41

Interest Rate: 2.38

Notes: 

Certificate of Deposit term 60 months

APY *: 2.82

Interest Rate: 2.78

Notes: 

Carolina Premier Checking

APY *: 0.10

Interest Rate: 0.10

Notes: 

30-Month CD Special

APY *: 4.02

Interest Rate: 3.94

Notes: $10,000 minimum