Carver Bank vs. Citizens Access™
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Carver BankHigh Yield Savings Jan 7, 2026 | Citizens Access™Citizens Access® Savings Jan 6, 2026 |
|---|---|---|
| APY | 4.00% | 3.15% |
Est. Earnings | $5,000+$200 $10,000+$400 $25,000+$1,000 | $5,000+$158 $10,000+$315 $25,000+$788 |
Min Deposit | $5,000 | $0.01 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredNo MinimumsGreat iOS AppGreat Android App |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing Carver Bank vs. Citizens Access™
As of Carver Bank offers an APY of 4.00% for its High Yield Savings account, with a minimum balance of $5,000, compared to Citizens Access™'s 3.15% APY for its Citizens Access® Savings account, with a minimum balance of $0.01.
Carver Bank pays $85 more than Citizens Access™ on a $10,000 balance after one year. Carver Bank pays $400, while Citizens Access™ pays $315 - an APY advantage for Carver Bank.
Why Carver Bank?
- ✓Higher potential APY (4.00% vs 3.15%)
- ✓Fast transfers via Zelle®
Why Citizens Access™?
- ✓Higher rated Android app (4.9 vs 4.5)
— Key Feature Differences —
Better Returns at $10,000
Carver BankCarver Bank's High Yield Savings earns more on smaller deposits (approx. $400 vs $315/yr).
Better Returns at $25,000
Carver BankCarver Bank's High Yield Savings pulls ahead with larger amounts (approx. $1000 vs $788/yr).
Best for Simplicity
Carver BankCarver Bank's High Yield Savings offers 4.00% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Citizens Access™Citizens Access™ offers an iOS app rated 4.8 (vs. 4.7) and Android app rated 4.9 (vs. 4.5)
Shared Benefits
Over a 1-year period, Carver Bank's High Yield Savings pays $85 more interest on a $10,000 balance than Citizens Access™'s Citizens Access® Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Carver Bank offers a High Yield Savings account with a competitive APY of 4.00%, significantly higher than Citizens Access™ Savings, which provides a 3.15% APY. Carver Bank's account has no direct deposit requirement and allows for daily compounding, making it a strong choice for savers looking for simplicity and better returns, especially on larger deposits. In contrast, Citizens Access™ also has no maintenance fees and a low minimum deposit of $0.01, but its lower APY may not be as appealing. Both accounts are online-only and FDIC insured.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Carver Bank vs. Citizens Access™ Savings Calculator
You earn $85 more with Carver Bank than Citizens Access™ on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Carver Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
Citizens Access™
Citizens Access® Savings
Savings Breakdown
- Interest Earned+$315.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,315.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Carver Bank | Citizens Access™ |
|---|---|---|
| APY | 4.00% Verified: 1/7/2026 Stable (90d) | 3.15% Verified: 1/6/2026 ↘︎ 0.35%90d Change |
| Product Name | High Yield Savings | Citizens Access® Savings |
| Minimum Deposit | $5,000 | $0.01 |
| Min. Balance for APY | $5,000 | $0.01 |
| Monthly Fee | $0, of minimum balance requirement met. Otherwise $6. | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.7 Android4.5 | iOS4.8 Android4.9 |
| Zelle® Support | Available Full native integration in digital banking. | Not Supported |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Carver Bank Non-sponsored link to official site | Visit SiteVerify at Citizens Access™ Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Carver Bank | Citizens Access™ |
|---|---|---|
| High Yield Savings | Citizens Access® Savings | |
Current APY | 4.00% | 3.15% |
Trend | Stable | Stable |
Velocity (bps/mo) | -1.0 | -4.9 |
Days Since Change | 309 | 28 |
11-Month High | 4.25% | 3.70% |
11-Month Low | 4.00% | 3.15% |
Adjustments / Mo | 0.09 | 0.26 |
Volatility Score | 0.017 | 0.052 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Carver Bank vs...
Comparing against Standard Savings
Compare Citizens Access™ vs...
Comparing against Standard Savings
High Rates (With Checking Bundle)
Looking for something different? Check out these top-rated alternatives.