Wharrie Bank

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Personal Banking
Savings & Money Market

Certificates of Deposit (CDs)

Certificates of Deposit (CDs) offer competitive interest rates and flexible terms, customized to help you maximize your savings. With a CD, you can enjoy the security of fixed-rate returns while earning higher interest than a traditional savings account.

Account Features

  • Customized Terms: Choose from a variety of investment terms to match your unique financial goals and preferences. Your rate of return will depend on the amount of money you invest and the length of time you elect to keep your funds on deposit.
  • Flexible Payment Options: Tailor your CD experience with flexible interest payment options. Choose to have interest added to your CD to maximize earnings potential, deposited into another account for immediate cash needs, or receive an interest check under certain conditions.
  • Competitive Rates: Earn fixed interest rates that are typically higher than regular savings accounts.
  • Interest Compounded Daily: Benefit from daily compounding interest, allowing your savings to grow faster over time.
  • FDIC Insured: Your deposits are protected by the Federal Deposit Insurance Corporation (FDIC) up to the maximum allowable limit, providing you with peace of mind.
  • Automatic Renewal Option: Opt for automatic renewal at maturity to continue earning interest on your savings without any hassle.
  • Promotional CD Terms: Take advantage of our competitive, promotional CD offers and choose your own term. Choose a 4 or 5 month term and earn an Annual Percentage Yield (APY) of 4.25%. Choose a 6 or 7 month term and earn an Annual Percentage Yield (APY) of 4.10%. Choose a 13 month term and earn an Annual Percentage Yield (APY) of 4.00%.

Terms and Fees

  • No monthly service fee
  • $500 minimum deposit to open
  • $10,000 minimum deposit to open, with our new promotional CDs
  • $2,000 minimum deposit to open, with our new promotional IRA CDs
  • Early Withdrawal Penalty may apply

Let’s Get Started

Start saving today! Experience the difference of banking with Uwharrie Bank. Contact us at 800.438.6864 or visit one of our convenient locations for current rates, terms and to learn how we can assist you.

*Interest is earned on the collected balance less reserves. Rates are subject to change daily. Fees may reduce earnings.