Savings and Money Market Accounts

Providing both security and solid returns, our savings and investment accounts offer an ideal place to store your funds as you build for your future. Transaction Limitations: Federal banking regulations limit you to six pre-authorized, telephone or on-line transfers to your other Yadkin 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.

 

Calculators

Financial Calculators

We've provided many helpful calculators to aid in your savings.  These include 
Simple loan and Simple spending and much more. 

View Calculators

High Yield Money Market Account

For individuals wanting both a higher rate of return and ready access to their money, a money market account is an ideal option. Tailored for depositors with larger balances, this tiered-interest account earns our highest money market rates. 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. 

 

Money Market Account

Enjoy highly competitive, tiered interest rates along with the convenience of a checking account. 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. 

 

Regular Savings

At Yadkin Bank, we’ve made it easy to save by offering a savings account that requires an opening deposit of only $100. You’ll be pleasantly surprised at how quickly your money grows in this tiered-interest account.  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.

 

WISE Savings

Why worry about minimum balance requirements? Simply schedule an electronic transfer of at least $25 per month from your Yadkin Bank checking account into your WISE Savings account, and we’ll waive the minimum balance requirements and monthly service fee. This disciplined approach to saving only requires a $25 opening deposit. A $1.50 excessive withdrawal fee will be charged per withdrawal for more than three savings withdrawals per month.

 

KidsKash Savings

Teach your child the importance of saving with our KidsKash Savings Account.  Whether depositing birthday cash, saving for their first car, or planning for college tuition, this is the account for anyone under the age of 18 looking to save. This account can be opened with as little as $25. A $1.50 excessive withdrawal fee will be charged per withdrawal for more than three savings withdrawals per month.

 

Health Savings

Health Savings Accounts (HSAs) allow you 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 bought on their own or provided through an employer.

You can use your account to fund a variety of health-related expenses including:

  • Expenses incurred before meeting your insurance deductible
  • Medical services or procedures not covered by your health plan
  • Eyeglasses or contact lenses
  • Non-prescription medications
  • Medical equipment
  • Diagnostic testing
  • COBRA coverage during periods of unemployment
  • Medical expenses after retirement
  • Long-term care expenses

The key advantages of an HSA are:

  • Tax Savings - Federally qualified HSA contributions can be deducted from your gross income on your federal tax return, even if you do not itemize deductions. Many states also allow the deduction from state income taxes.
  • Earned Interest - Funds left to accumulate in your HSA earn tax-deferred interest.
  • Portability - You own your account. HSA funds move with you, even if you change employers, medical coverage, residences or marital status.
  • Long-Term Savings - After age 65, you may make withdrawals from your HSA for any reason without a penalty (you will pay income tax on non-medical withdrawals).

To learn more about this option or to find out if you qualify for this special medical savings plan, please contact one of our offices. Please consult your tax advisor or accountant regarding any tax-related decisions.



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