Increase the earnings on your deposits by using any or all of our savings and investment options to put the cash in your business to work. Transaction Limitations: Federal banking regulations limit you to six pre-authorized, telephone or on-line transfers to your other Yadkin Valley Bank Accounts or to third parties. The limitation applies per month. If you routinely exceed these limitations, the Bank may close the account or convert it to a checking account. Transaction limitations apply regardless of balance.
Created for businesses with larger sums to invest, this tiered-interest account earns our highest money market rates while providing the convenience of a checking account. This account requires a minimum opening deposit of $15,000. If the minimum daily balance falls below $15,000, there is a monthly fee of $25. There is a $7 excessive withdrawal fee for each withdrawal in excess of six per month.
Enjoy highly competitive, tiered interest rates along with ready access to your funds. This account requires a minimum opening deposit of $2,500. If the minimum daily balance falls below $2,500, there is a monthly fee of $25. There is a $7 excessive withdrawal fee for each withdrawal in excess of six per month.
Our business savings account requires an opening deposit of only $100. If the minimum daily balance in this account falls below $300, there is a monthly fee of $5. A $1.50 excessive withdrawal fee will be charged per withdrawal for more than three savings withdrawals per month.
Health Savings Accounts (HSAs) allow your qualifying employees to set aside pre-tax income to pay for qualified health expenses. These accounts were created for individuals and families with high-deductible health plans, including those provided through an employer.
Accounts can be used to fund a variety of health-related expenses including:
To learn more about HSAs and providing them for your employees, please contact one of our offices.
With terms ranging from one week to several years, our CDs offer a guaranteed yield at a rate usually higher than those of savings or money market accounts. CDs are subject to penalty for early withdrawals. Penalty will reduce earnings.