Carter Bank & Trust Introduces a Limited-Time Take Your Pick Promotion

Rhea-AI Summary

Carter Bank & Trust (NASDAQ:CARE) has launched a limited-time Take Your Pick savings promotion for individuals and businesses, offering two attractive interest rate savings options. Customers can choose between an 11-month Certificate of Deposit (CD) at 1.25% interest or a 23-month CD at 1.50%. The promotion requires new funds not associated with existing accounts and emphasizes the safety of FDIC insurance up to $250,000. President Brad Langs noted the bank's strong capital position, allowing them to provide these savings solutions.

Positive

• Attractive interest rates of 1.25% and 1.50% for CDs.
• Promotion caters to both individuals and businesses, widening the customer base.
• FDIC insurance up to $250,000 adds security for customers.

Negative

• None.

Take your pick promotion offers individuals and businesses the choice of two special interest rate savings options.

MARTINSVILLE, VA / ACCESSWIRE / June 27, 2022 / For a limited time, Carter Bank & Trust (NASDAQ:CARE) is offering both individuals and businesses long and short-term alternatives for increasing their savings and growing their money, through its Take Your Pick savings promotion.

Starting today, when customers open a checking account with Carter Bank & Trust, they can choose one or both of the following special interest rate savings options:

• 11-month Certificate of Deposit with an interest rate of 1.25%
• 23-month Certificate of Deposit with an interest rate of 1.50%

"We're excited to provide options that help customers grow their savings with a premium rate of return, along with safety and security peace-of-mind," Carter Bank & Trust President Brad Langs said. "As a well-capitalized bank, we're strongly positioned to offer short and long-term savings solutions to meet individual needs."

As an FDIC member, accounts with Carter Bank & Trust are federally insured up to $250,000.

Any account opened as part of the Take Your Pick promotion must be funded with money not currently associated with a Carter Bank & Trust account.

For more information or to take advantage of the Take Your Pick promotion, visit a local Carter Bank & Trust branch, call 833.ASK.CBAT or visit https://www.cbtcares.com/cdspecial/.

About Carter Bank & Trust

Headquartered in Martinsville, Va., Carter Bank & Trust is a $4.1 billion, state-chartered community bank with branches in Virginia and North Carolina. Since 1974, Carter Bank & Trust has built a reputation upon a tradition of care for the communities it serves through convenience, local service, and custom solutions for all customers. Additional information about Carter Bank & Trust is available at www.CBTCares.com. Member FDIC. Equal Housing Lender.

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Media Contact:

Brooks Taylor
Brooks.Taylor@CBTCares.com
276.806.5445

SOURCE: Carter Bankshares, Inc.

View source version on accesswire.com:
https://www.accesswire.com/706634/Carter-Bank-Trust-Introduces-a-Limited-Time-Take-Your-PickPromotion

FAQ

What is the 'Take Your Pick' promotion from Carter Bank & Trust?

The 'Take Your Pick' promotion offers customers attractive interest rate savings options, including an 11-month CD at 1.25% and a 23-month CD at 1.50%.

What are the terms for participating in the 'Take Your Pick' promotion?

To participate, customers must open a new checking account and fund it with money not currently associated with any Carter Bank & Trust account.

Is the money deposited with Carter Bank & Trust insured?

Yes, all accounts are federally insured by the FDIC up to $250,000.

When did the 'Take Your Pick' promotion start?

The promotion started on June 27, 2022.

What is the stock symbol for Carter Bank & Trust?

The stock symbol for Carter Bank & Trust is CARE.