Taking the time to locate the highest CD rates in Virginia in order to maximize your savings investment does not have to be a daunting task. Here at Virginia Banking Rates we have a database consisting of over 3,000 banks and credit unions. It is our mission to bring you the most up-to-date CD rate information, as well as, help you find the best accounts in your area.
| Featured Rate | Bank / Credit Union | Account Type | |
|---|---|---|---|
|
1.09%
As of May 15, 2012
|
 |
Ally Bank
|
CD Account |
| Highest Rates Recent Rate Changes | |||
| Best Rates (APY) | Bank / Credit Union | Account Type | |
|
1.76%
As of April 25, 2012
|
View Rate Details | Goodyear-Danville Family Credit Union | CD Account |
|
1.65%
As of May 3, 2012
|
View Rate Details | Port Of Hampton Roads Ila Credit Union | CD Account |
|
1.51%
As of May 3, 2012
|
View Rate Details | Pfd Firefighters Inc. Credit Union | CD Account |
|
1.50%
As of May 4, 2012
|
View Rate Details | A. B. & W. Emp. Inc Credit Union | CD Account |
|
1.26%
As of May 15, 2012
|
View Rate Details | Constellation Federal Credit Union | CD Account |
| Bank / Account Type | Rate Change | Date | |
|---|---|---|---|
| First Citizens - 12 Month CD Account | 0.20% to 0.15% | May 9, 2012 | |
| Bank @LANTEC - 6 Month CD Account | 0.20% to 0.15% | May 7, 2012 | |
| Access National Bank - 2 Year CD Account | 0.80% to 0.75% | May 7, 2012 | |
| InTouch Credit Union - 6 Month CD Account | 0.20% to 0.05% | May 4, 2012 | |
| 1st Commonwealth Bank of Virginia - 6 Month CD Account | 0.75% to 0.50% | May 2, 2012 | |
Virginia’s CD rates today are extremely high compared to its average. These aggressive rates are an opportunity for you to reap the highest interest on your next certificate of deposit account. If you are deciding on what term to invest in, consider a 6-month, 12-month, or 24-month term for shorter term CD accounts. Certificate of deposit accounts are a great investment so start investing in yours today.
Knowing the average CD rate in your state will help you understand the realistic range of interest rates you’re likely to find, as well as pinpoint the truly outstanding offers. Right now, the average 6-month CD rate in Virginia is .71% APY, while the average 12-month CD interest rate is 1.04% APY and two year CDs come in at 1.39% APY. There are plenty of banks and credit unions in Virginia that beat these rates, however–you just have to know where to find them.
Virginia is home to many amusement parks, golf courses, as well as plenty of historic museums. There are gorgeous natural attractions like the Chesapeake Bay, Shenandoah Valley, and the Heart of Appalachia. It’s easy to spend money here that’s for sure! There’s just so much to do and so many sights to see. However, we have a better, more money wise thing for you to do and that is to open a certificate of deposit account. If you do that this time around, you’ll have more money when next year comes around so that you can visit all those places without racking up debt on your credit card or using all of your hard-earned savings.
There are a lot of factors that go into choosing the best certificate of deposit account, especially the interest rate. Whether you’re in search of a short-term six month CD, or are willing to commit to a longer investment period of one or two years in order to earn a higher rate, CD interest rates vary by location and financial institution. That’s why finding an account with the highest CD rate that also meets your savings needs and goals is crucial to making a wise investment.
Whether you’re looking for a short-term CD of only six months, or a longer investment period of one to two years, the interest rate you earn greatly determines whether you made a wise investment choice. Not all bank CD rates are competitive with the current national or state average, so thoroughly research your options before committing your funds to an account.
Currently, the average 6-month CD rate in Virginia is .71% APY. One and two year CDs are not a whole lot better at 1.04% APY and 1.39% APY, respectively. That doesn’t mean you can’t obtain a better interest rate on your certificate of deposit, though; you just have to know where to look.
The following are the top VA banks and credit unions offering the best CD rates in the state:
One question many people have is whether the best Virginia CD rate is always the best choice for them. While a high CD rate can provide a great lift to your portfolio, the simple answer to the question is no. That’s because there are so many different variables you should be considering with your CD account.
Investing in a Virginia CD account is a great idea as it’s really a one of a kind investment tool that offers many benefits with no downside. Certificates of deposit continue to grow in popularity all the time, and with good reason. Here are the top 3 reasons you should have a CD or several in your financial portfolio today.
Virginia, or Old Dominion, is a great place to live with a rich history and high quality of life, but only if you have the necessary means to enjoy it. Only by saving diligently and investing including the best Virginia CD rates will you be able to save enough to enjoy your retirement. Can you really afford to live without the interest you could be earning with a top CD account?
Virginia, one of the first colonies to secede from England during the Revolutionary War, has always been known for its independence. Why not follow Virginia’s example, and create an independent future for yourself by investing in certificates of deposit. Virginia Banking Rates could help you find the best CD rates so that you can look forward to an independent retirement.
Virginia Banking Rates want to help you earn money, save money and put yourself in the best position for your own financial situation. If you have a savings account that you do not need for the rest of this year, it may be a good idea to invest into a 6-12 month CD and take advantage of the higher interest rates. You can earn up to 1% or more in a CD versus a savings account with a $5000 CD over 10 years; that can be over $500-$1000 more in interest payments with the higher CD rate.
