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APY = Annual Percentage Yield. Rates effective as of December 1, 2018. Fees may reduce earnings.


Kasasa Cash* Learn More

Tier Interest Rate APY
0 - $15,000 1.99% 2.01%
$15,000+ 0.20% 2.01% to 0.44%
Qualifications not met 0.01% 0.01%

Qualifications

Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash® account during each Monthly Qualification Cycle:

  • At least 1 direct deposit or ACH payment transaction
  • At least 10 debit card purchases
  • Be enrolled in and agree to receive eStatements

That's it. Even if you don't meet your qualifications during the cycle, your Kasasa Cash account is still free. Plus, you'll still earn our base interest rate. And you can get right back to earning your full rewards the very next month.

Kasasa Saver* Learn More

Tier Interest Rate APY
0 - $100,000 0.60% 0.60%
$100,000+ 0.25% 0.60% to 0.43%
Qualifications not met 0.01% 0.01%

Qualifications

Qualifying for your Kasasa Cash rewards automatically qualifies you for the highest Kasasa Saver® rate, too. Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash account during each Monthly Qualification Cycle:

  • At least 1 direct deposit or ACH payment transaction
  • At least 10 debit card purchases
  • Be enrolled in and agree to receive eStatements

That's it. Even if you don't meet your qualifications during the cycle, your Kasasa® accounts are still free. Plus, you'll still earn our base interest rate on Kasasa Saver. And you can get right back to earning your full rewards the very next month.

Certificates of Deposit and IRAs ~ Specials Learn More

Term Interest Rate APY
13 Months 0.60% 0.60%
27 Months 0.99% 1.00%
57 Months 1.98% 2.00%

The Minimum Opening Deposit and Balance Requirement for the 13 Month and the 27 Month is $5,000 and $10,000 for the 57 Month Special.

 

Certificates of Deposit and IRA's Learn More

Term Interest Rate APY
91 Days 0.01% 0.01%
182 Days 0.03% 0.03%
12 Months 0.10% 0.10%
18 Months - Fixed 0.20% 0.20%
18n Months - Variable Varies Varies
24 Months 0.25% 0.25%
36 Months 0.40% 0.40%
48 Months 0.50% 0.50%
60 Months 0.60% 0.60%
72 Months 1.49% 1.50%
84 Months 1.59% 1.60%
96 Months 1.69% 1.70%
108 Months 1.78% 1.80%
120 Months 1.98% 2.00%

The Minimum Opening Deposit and Minimum Balance Requirement is $1,000 for Terms 60 Months or less and $25,000 for Terms 72 Months or greater.

Disclosures

Rate Information: These are interest bearing accounts. The interest rate and annual percentage yield are listed above and will not change for the term of the account, excluding variable rate accounts. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). Interest will be credited to the account semi-annually. If you choose to have interest paid to you, it must be credited to your Carolina State Bank checking or savings account.

Balance Information: We use the daily balance method to calculate interest on the account. This method applies a daily periodic rate to the principal in the account each day. Contributions to IRAs can occur at any frequency. Principal withdrawals can only be made at maturity, excluding Required Minimum Distributions on IRAs.

Limitations: The minimum opening deposit and minimum balance requirement is $1,000 for CDs and IRAs with a maturity of 60 months or less and $25,000 for CDs and IRAs with a term of greater than 60 months. You may make additional deposits into Certificate of Deposit accounts only at maturity. You may NOT make principal withdrawals from your account until the maturity date. The stated annual percentage yield assumes that interest will remain on deposit until maturity. A withdrawal will reduce earnings.

Additional Limitations on Special CDs and IRAs: The minimum opening deposit and minimum balance requirement is $5,000 on CD's and IRA's with a term of 13 or 27 months and is $10,000 on CD's and IRAs with a term of 57 months. Interest can be paid to your Carolina State Bank Checking or Savings account monthly; otherwise it will compound at maturity if the term is 13 months, and quarterly if the term is 27 to 57 months.

Time Account Information: Your account will mature within the stated time period. If you withdraw any of the principal before the maturity date we may impose the following penalties:

• Three (3) months interest for Certificates of Deposit with a term of twelve (12) months or less;

• Twelve (12) months interest for Certificates of Deposit with a term of greater than 12 months to 60 months;

• Eighteen (18) months interest for Special Certificates of Deposit with a term of 57 months;

• Twenty four (24) months interest for Certificates of Deposit with a term of 72 months;

• Thirty (30) months interest for Certificates of Deposit with a term of 84 months;

• Thirty six (36) months interest for Certificates of Deposit with a term of 96 months;

• Forty two (42) months interest for Certificates of Deposit with a term of 108 months;

• Forty eight (48) months interest for Certificates of Deposit with a term of 120 months.

This account will automatically renew solely the Bank's discretion. You will have 10 days after the maturity date to withdraw funds without penalty.

Based in Greensboro

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