Carthage Savings and Loan Rates & Review

Carthage Savings and Loan Review

Carthage Savings and Loan is a New York mutual bank that specializes in green banking while offering traditional accounts such as checking and savings.

Carthage Savings and Loan is a New York mutual bank that has been in business since 1888. The bank is headquartered in Carthage with branch offices in Watertown and Clayton. According to its website, it is the longest-running local bank in both Lewis County and Jefferson County. Carthage Savings and Loan is a mutual bank, which is similar to a credit union in that there are no stockholders.

Banking products

Carthage Savings and Loan offers several types of checking account including standard checking, high-interest checking, business checking and special checking for seniors. Likewise, a customer who wants a savings account can pick a standard account, a money market account, a CD or an IRA. All deposit accounts are covered by FDIC insurance.

Banking services

The bank also offers loans including home equity loans, home mortgage loans, home improvement loans, auto loans and other personal loans. Other services include online banking and direct deposit.

Green banking

One distinctive feature of Carthage Savings and Loan is their dedication to being a green business. Recycling, reduced paper usage, increased energy efficiency and even a bank-owned community garden are just a few of the green features of this bank. The bank offers low-rate sustainability loans to customers who need money to "green" their homes and cars.