Uwharrie’s Commercial High Rate Savings account offers a premium rate of interest, providing you with the opportunity to earn competitive returns on your business savings while maintaining flexibility and accessibility.
Account Features
- Premium Interest Rates: Enjoy a premium rate of interest on your savings balance, with rates comparable to those offered on a six-month Certificate of Deposit (CD). Maximize your returns while keeping your funds accessible for your business needs.
- Flexibility and Accessibility: Access your funds easily and quickly whenever you need them. Whether it’s for unexpected expenses or planned investments, you have the freedom to make up to three withdrawals per quarter from your Commercial High Rate Savings account. Additional withdrawals are available at a nominal fee per withdrawal, providing flexibility while encouraging responsible savings practices.
- Combined Accounts Statement: Simplify your financial management with combined account statements, allowing you to view all your Uwharrie accounts in one consolidated statement for easy tracking and reconciliation.
Terms and Fees
- $5 monthly fee waived with minimum balance of $1,000
- $25 if closed within 12 months
- $5 per withdrawal in excess of 3 per quarter
- $0.35 per item in excess of 50 per statement cycle
- $10,000 minimum opening deposit
To qualify for the premium interest rates, maintain a minimum account balance of $10,000.00 or more.
Commercial High Rate Savings Rates
| Balance | Annual Percentage Rate (APR) | Annual Percentage Yield (APY) |
|---|---|---|
| $0.01 - $9,999.99 | 0.35% | 0.35% |
| $10,000.00 - $19,999.99 | 0.35% | 0.35% |
| $20,000.00 - $49,999.99 | 0.45% | 0.45% |
| $50,000.00 and above | 0.50% | 0.50% |
Elevate Your Banking Experience
Experience the benefits of Uwharrie’s Commercial High Rate Savings account.
- Competitive Returns: With interest rates comparable to a six-month CD, our Commercial High Rate Savings account offers an attractive opportunity to grow your business savings while maintaining liquidity and accessibility.
- Flexibility: Enjoy the flexibility to access your funds whenever you need them, without incurring early withdrawal penalties. It’s like having the benefits of a CD and a savings account combined into one convenient account.
- Convenience: Access your account easily through our digital banking platforms, allowing you to manage your savings anytime, anywhere. Plus, with combined account statements, you can streamline your financial management for greater efficiency.
Let’s Get Started
Experience the difference of banking with Uwharrie. Contact us at 800.438.6864 or visit one of our convenient locations to speak with one of our representatives.
*Interest is earned on the collected balance less reserves. Rates are subject to change daily. Fees may reduce earnings. Call 800.438.6864 or visit your local branch for current rates and terms.