Virginia

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Virginia Credit Union Savings Rates 2024

You are viewing savings rates from credit unions across Virginia

Credit Unions can offer savings and money market rates that are competitive not only with local banks, but also sometimes with the best rates at online savings banks. The table below lists the best rates at credit unions near you. If you click on the credit union’s name, you’ll be taken to more information about its locations and operations.

VA - May 23, 2024

Savings Account National Average Rate: 0.43% ?

Credit Unions APY MIN

Rate History: 3.55% → 3.80% → 5.20%

Rate History: 4.25% → 5.00%

Rate History: 4.52% → 4.99%

12 Month Introductory Rate

Rate History: 6.00% → 4.00%

Rate History: 3.75% → 4.00%

Hanscom


Restrictions

3.75%

3.50%
2.50%
1.50%
0.50%

$500,000

$100,000
$50,000
$25,000
$1
Learn More

State Department


Restrictions

3.56%

2.02%
1.51%
1.26%

$250,000

$100,000
$50,000
$25,000
Learn More

Rate History: 3.32% → 3.33% → 3.36% → 3.34% → 3.32%

| Dec 30, 2018

Best financial institution in NC. Highest rates on savings and is involved with helping their customers and the communities they operate in. Read More

3.25%

2.90%
2.65%
2.40%

$250,000

$100,000
$50,000
$25,000
Learn More

| Aug 14, 2023

Staff customer service very poor. Long wait times due to limited staffing. Read More

Greenstate


Restrictions

2.45%

2.25%
2.05%
1.85%
1.65%
1.45%

$1,000,000

$500,000
$250,000
$100,000
$50,000
$2,500
Learn More

| Nov 11, 2022

It would be great to hear back from someone regarding my bump-up rate currently available, BEFORE 18 days has passed. Still waiting. Read More

2.25%

2.05%
1.85%
1.65%
1.50%
1.10%
1.06%
0.95%

$1,000,000

$500,000
$250,000
$100,000
$50,000
$25,000
$10,000
$2,500
Learn More

| Feb 25, 2023

HORRIBLE SERVICE. My son's campus checking account was hacked and over $9000 was stolen. Fraud department was impossible to reach and we waited on phone several days for over 2 hours at a time. They too... Read More

Rate History: 2.10% → 2.25%

2.02%

1.51%
1.26%
1.01%
0.90%
0.80%
0.70%

$250,000

$100,000
$50,000
$25,000
$10,000
$2,500
$1,000
Learn More

Rate History: 1.95% → 2.00%

| Aug 14, 2023

Staff customer service very poor. Long wait times due to limited staffing. Read More

Rate History: 1.65% → 1.80%

Rate History: 1.77% → 1.87% → 1.82% → 1.41%

State Department


Restrictions

1.21%

$2,000

Learn More

Greenstate


Restrictions

1.00%

0.05%

$100

$101
Learn More

| Nov 11, 2022

It would be great to hear back from someone regarding my bump-up rate currently available, BEFORE 18 days has passed. Still waiting. Read More

Rate History: 0.65% → 0.85%

0.85%

0.80%
0.75%
0.70%
0.65%
0.60%
0.51%

$100,000

$75,000
$50,000
$25,000
$10,000
$5,000
$1,000
Learn More

Unify Financial


Restrictions

0.75%

0.70%
0.65%
0.60%

$100,000

$50,000
$10,000
$2,500
Learn More

| May 12, 2016

19 what, years or months Read More

Beach Municipal


Restrictions

0.50%

$25,000

Learn More

Blue Eagle


Restrictions

0.50%

$25,000

Learn More

Signal Financial


Restrictions

0.50%

$25,000

Learn More

Marine


Restrictions

0.50%

$25,000

Learn More

| Mar 12, 2023

Is this credit union still open? If it is it’s not relevant to the military in general. I dropped this credit union for poor customer service, and poor loan and dividend rates. Just compare their rates... Read More

Rate History: 0.75% → 0.50%

| Aug 14, 2023

Staff customer service very poor. Long wait times due to limited staffing. Read More

Member One


Restrictions

0.50%

$25,000

Learn More

0.50%

$25,000

Learn More

0.50%

$25,000

Learn More

Call


Restrictions

0.45%

$25,000

Learn More

Blue Eagle


Restrictions

0.40%

$10,000

Learn More

Marine


Restrictions

0.40%

$2,500

Learn More

| Mar 12, 2023

Is this credit union still open? If it is it’s not relevant to the military in general. I dropped this credit union for poor customer service, and poor loan and dividend rates. Just compare their rates... Read More

0.40%

$25,000

Learn More

Member One


Restrictions

0.40%

$10,000

Learn More

0.40%

$2,500

Learn More

0.35%

$2,500

Learn More

| Jan 14, 2021

Decent bank, good place for vehicle loans. Above average service on checking account, limited places to withdraw cash with ATM card and avoid fees. Avoid their home mortgage department, they are slow - t... Read More

Beach Municipal


Restrictions

0.35%

$10,000

Learn More

Apple


Restrictions

0.35%

$25,000

Learn More

Argent


Restrictions

0.35%

$25,000

Learn More

Call


Restrictions

0.35%

$2,500

Learn More

United Southeast


Restrictions

0.35%

$25,000

Learn More

Intouch


Restrictions

0.30%

$25,000

Learn More

Sharepoint


Restrictions

0.30%

$10,000

Learn More

Nswc


Restrictions

0.30%

$25,000

Learn More

| Feb 21, 2023

I chose NSWFCU ( now Topside) for a personal account in 2012 as a school social worker in King George County. I again chose NSWFCU for a business account in 2017 when I opened up a private practice to pro... Read More

| Dec 30, 2018

Best financial institution in NC. Highest rates on savings and is involved with helping their customers and the communities they operate in. Read More

Dupont Community


Restrictions

0.30%

$25,000

Learn More

Together


Restrictions

0.30%

$25,000

Learn More

Argent


Restrictions

0.30%

$2,500

Learn More

0.30%

$10,000

Learn More

United Southeast


Restrictions

0.30%

$10,000

Learn More

Nswc


Restrictions

0.25%

$10,000

Learn More

| Feb 21, 2023

I chose NSWFCU ( now Topside) for a personal account in 2012 as a school social worker in King George County. I again chose NSWFCU for a business account in 2017 when I opened up a private practice to pro... Read More

Star Usa


Restrictions

0.25%

$50,000

Learn More

| Aug 31, 2020

Great rates and fast loans Read More

Intouch


Restrictions

0.25%

$5,000

Learn More

Beach Municipal


Restrictions

0.25%

$2,500

Learn More

Central Virginia


Restrictions

0.25%

$25,000

Learn More

Apple


Restrictions

0.25%

$2,500

Learn More

0.25%

$5

Learn More

| Feb 25, 2023

HORRIBLE SERVICE. My son's campus checking account was hacked and over $9000 was stolen. Fraud department was impossible to reach and we waited on phone several days for over 2 hours at a time. They too... Read More

Signal Financial


Restrictions

0.25%

$10,000

Learn More

0.25%

$10,000

Learn More

Marine


Restrictions

0.25%

$2,500

Learn More

| Mar 12, 2023

Is this credit union still open? If it is it’s not relevant to the military in general. I dropped this credit union for poor customer service, and poor loan and dividend rates. Just compare their rates... Read More

Everence


Restrictions

0.25%

$25,000

Learn More

Together


Restrictions

0.25%

$2,500

Learn More

0.25%

$10,000

Learn More

United Southeast


Restrictions

0.25%

$2,500

Learn More

0.25%

$25,000

Learn More

0.25%

$10,000

Learn More

Central Virginia


Restrictions

0.20%

$250

Learn More

Blue Eagle


Restrictions

0.20%

$2,500

Learn More

Edu


Restrictions

0.20%

$0

Learn More

Intouch


Restrictions

0.20%

$1

Learn More

0.20%

$25,000

Learn More

Partners 1st


Restrictions

0.20%

$10,000

Learn More

0.20%

$2,500

Learn More

Justice


Restrictions

0.20%

$25,000

Learn More

0.20%

0.15%

$1,500

$25
Learn More

Dupont Community


Restrictions

0.20%

$2,500

Learn More

Nswc


Restrictions

0.20%

$2,500

Learn More

| Feb 21, 2023

I chose NSWFCU ( now Topside) for a personal account in 2012 as a school social worker in King George County. I again chose NSWFCU for a business account in 2017 when I opened up a private practice to pro... Read More

0.20%

$25,000

Learn More

1st Advantage


Restrictions

0.20%

$25,000

Learn More

0.20%

$2,500

Learn More

Henrico


Restrictions

0.20%

$2,500

Learn More

0.20%

$2,500

Learn More

Member One


Restrictions

0.20%

$2,500

Learn More

0.20%

$10,000

Learn More

0.20%

$10,000

Learn More

Urw Community


Restrictions

0.20%

$2,500

Learn More

Abnb


Restrictions

0.20%

$25,000

Learn More

0.19%

$2,500

Learn More

Star Usa


Restrictions

0.15%

$2,500

Learn More

| Aug 31, 2020

Great rates and fast loans Read More

United Southeast


Restrictions

0.15%

$2,500

Learn More

Beach Municipal


Restrictions

0.15%

$1,001

Learn More

0.15%

$25

Learn More

Pentagon


Restrictions

0.15%

0.05%

$100,000

$0
Learn More

| Dec 25, 2023

I joined in PENFED in Spring Of 2023 after 15 yrs of belonging to one of the banking giants. I found my accounts dwindling fast unexplained decreases. I decided to close the account but had to return a mer... Read More

0.15%

$10,000

Learn More

Justice


Restrictions

0.15%

$2,500

Learn More

Everence


Restrictions

0.15%

$10,000

Learn More

0.15%

$2,500

Learn More

1st Advantage


Restrictions

0.15%

$10,000

Learn More

0.15%

$2,500

Learn More

0.15%

$25,000

Learn More

0.15%

$25,000

Learn More

Argent


Restrictions

0.15%

$2,500

Learn More

0.15%

$25,000

Learn More

0.15%

$25,000

Learn More

0.15%

$2,500

Learn More

0.15%

$2,500

Learn More

Urw Community


Restrictions

0.15%

$2,500

Learn More

Bronco


Restrictions

0.15%

$25,000

Learn More

0.15%

$2,500

Learn More

N A E


Restrictions

0.15%

$25,000

Learn More

0.10%

$2,500

Learn More

| Jan 14, 2021

Decent bank, good place for vehicle loans. Above average service on checking account, limited places to withdraw cash with ATM card and avoid fees. Avoid their home mortgage department, they are slow - t... Read More

Star Usa


Restrictions

0.10%

$10

Learn More

| Aug 31, 2020

Great rates and fast loans Read More

Unify Financial


Restrictions

0.10%

$5

Learn More

| May 12, 2016

19 what, years or months Read More

Rate History: 0.15% → 0.10%

Hanscom


Restrictions

0.10%

$25

Learn More

0.10%

$2,500

Learn More

Signal Financial


Restrictions

0.10%

$25,000

Learn More

Partners 1st


Restrictions

0.10%

$2,500

Learn More

Pentagon


Restrictions

0.10%

$10,000

Learn More

| Dec 25, 2023

I joined in PENFED in Spring Of 2023 after 15 yrs of belonging to one of the banking giants. I found my accounts dwindling fast unexplained decreases. I decided to close the account but had to return a mer... Read More

0.10%

$2,500

Learn More

Geico


Restrictions

0.10%

$25,000

Learn More

Dupont Community


Restrictions

0.10%

$2,500

Learn More

Everence


Restrictions

0.10%

$2,500

Learn More

0.10%

$2,500

Learn More

Together


Restrictions

0.10%

$2,500

Learn More

1st Advantage


Restrictions

0.10%

$2,500

Learn More

0.10%

$10,000

Learn More

Sharepoint


Restrictions

0.10%

$2,500

Learn More

0.10%

$2,500

Learn More

Member One


Restrictions

0.10%

$2,500

Learn More

0.10%

$2,500

Learn More

0.10%

$2,500

Learn More

0.10%

$2,500

Learn More

Bronco


Restrictions

0.10%

$2,500

Learn More

N A E


Restrictions

0.10%

$2,500

Learn More

0.10%

$25,000

Learn More

State Department


Restrictions

0.05%

$0

Learn More

Star Usa


Restrictions

0.05%

$5

Learn More

| Aug 31, 2020

Great rates and fast loans Read More

Intouch


Restrictions

0.05%

$5

Learn More

0.05%

$0

Learn More

Apple


Restrictions

0.05%

$2,500

Learn More

Sharepoint


Restrictions

0.05%

$5

Learn More

0.05%

$5

Learn More

0.05%

$2,500

Learn More

Signal Financial


Restrictions

0.05%

$2,500

Learn More

Northwest


Restrictions

0.05%

$1

Learn More

Justice


Restrictions

0.05%

$2,500

Learn More

Geico


Restrictions

0.05%

$10,000

Learn More

Everence


Restrictions

0.05%

$2,500

Learn More

1st Advantage


Restrictions

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

Abnb


Restrictions

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

N A E


Restrictions

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

Partners 1st


Restrictions

0.03%

$2,500

Learn More

Rate History: 0.05% → 0.02%

Edu


Restrictions

0.01%

$1

Learn More

Geico


Restrictions

0.01%

$2,500

Learn More

Freedom First


Restrictions

0.01%

$2,500

Learn More
All rates listed are Annual Percentage Yield (APY). The APY rate in a savings account or money market account is a variable rate that is subject to change at any point. The Min listed is the minimum deposit account balance required to obtain the rate listed.


BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

FREQUENTLY ASKED QUESTIONS ABOUT CREDIT UNIONS


Why are credit union rates sometimes better than those from local and online banks?

The core difference between banks and credit unions is true regardless of size: Credit unions are nonprofits owned by the members, while banks are for-profit organizations. Credit unions can therefore sometimes pass along their profits in the form of lower rates (or better loan terms). Banks have some flexibility when competition forces it, but have to deliver an expected return on capital to their owners.

Is customer service better at credit unions that local banks or online banks?

Credit unions have long surpassed commercial banks for customer satisfaction. But as membership grows, their lead is shrinking, at least when compared with smaller banks. It’s also worth noting that in recent years, several online-only banks have earned high marks for their customer-friendly service options and their transparent discussions of fees and rates.  You may enjoy the local interaction with a credit union, but unless you are also getting a competitive rate, you may find that you best bet is to also have an online bank where you keep most of you money.

Is there any difference between a share certificate offered by a credit union and a savings or money market account offered by a bank?

The difference is mainly one of terminology, as increasingly is the difference between savings and money market accounts. Be sure to understand how to access you account. Look for no fees so long as certain balances are maintained, easy liquidity and ability to transfer your money to your accounts at other institutions, including ACH transfers to online banks.

Do Credit Unions lack technology that banks have?

As technology becomes a larger part of our everyday lives, customers rely on the ability to bank online or through a mobile device, such as an iPhone. Although credit unions are making the effort to keep pace with new financial technologies, they are still trailing banks (especially the leading online banks) on this front. Several third party platforms for online banking and mobile banking are increasingly being adopted throughout the banking industry, and credit unions will likely begin to adopt these as well, which should narrow or remove the gap between them and banks.

Is my money any less safe?

As long as your credit union is NCUA insured and you stay within the NCUA limits, As long as your credit union is NCUA insured and you stay within the NCUA limits, your money is no less safe than it would be in an FDIC-insured bank.

Should I consider time deposits?

Time deposits are the credit union’s term for certificates of deposit, but, aside from slightly different terminology, are virtually the same product. Time deposits have less liquidity, but if you are unlikely to require access to your cash for some time, you may be able to significantly augment your rate of return and the growth of your capital. Since unforeseen circumstances do arise, it is important to understand the early withdrawal fees that may even eat into your principal, and early withdrawal is often entirely at the credit union’s discretion. BestCashCow compiles all rates of all credit unions near you. Access this information here. You should also familiarize yourself with our Savings Booster Calculator in order to understand the importance of compounding interest at higher rates on your savings over time.

5 POINT CHECKLIST OF THINGS THAT MAKE CREDIT UNIONS GREAT

  • Rates are often better than savings and CD rates at local banks. Borrowing rates are sometimes lower too.
  • Members are Owners of a nonprofit. When you open an account at a credit union, your account is actually a share and provides you voting rights. Since credit unions are run as non-profits, you aren’t going to get appreciation or dividends from your ownership. Instead, these institutions have the ultimate goal of providing their members better rates on loans and financial products. When a credit union makes a profit, it is used to provide better opportunities to the community that it serves.
  • Clerks work with you. Since credit unions are small and serve their owners, they try hard to keep them happy. Many credit unions have fans for life after a clerk stays late to complete loan documents, and giving pointers about avoiding fees.
  • Credit unions provide low-income and financially distressed individuals the chance to qualify for financing.
  • Credit unions often run special programs that enable people to save for the holidays (such as Christmas Clubs) or to help finance the cost of higher education and university.

SAVINGS & CD CALCULATOR

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