Carter Bankshares debuts no-fee youth savings, checking accounts

Carter Bank announced the launch of two new products, carter youth savings and carter youth checking, designed to help children and teens develop smart money habits and build a strong financial foundation. Available to youth from ages 6 up to 18 years old, these accounts give parents and guardians a hands-on role in guiding and monitoring their child’s spending and saving habits. Once the account holder turns 18, the youth checking account automatically converts to Carter Bank’s Lifetime Free Checking, and the youth savings account transitions to a Carter Savings account. By introducing these accounts, along with financial education, Carter Bank continues its commitment to serving individuals and families across its communities, providing customers of all ages with the tools and resources needed to achieve long-term financial success.