Today’s Average Virginia Interest Rates
Whether you’re looking for a simple savings account or longer-term commitment like a certificate of deposit, the interest rate it earns is very important. The best rates depend on where you live, as some locales have higher rates that others. That’s why knowing the average interest rates in your home town, like the average Virginia interest rates, will help you determine which banks and credit unions near you have the best offers on deposit accounts.
Below is a look at the average interest rates across a variety of accounts in Virginia.
Average Savings Account Interest Rate in Virginia
Out of all the financial institutions in Virginia, there are 54 savings accounts available. The highest savings rate in the state is 1.01% APY and the lowest is 0.01% APY.
The average Virginia savings rate for today is 0.33% APY.
Average Virginia CD Rates
Generally, the longer the term on your certificate of deposit, the higher the interest rate it earns. Here are the average 6, 12- and 24-month Virginia CD rates:
6-Month CD
There are a total of 45 CDs available in the state today with a term of six months. Of those accounts, the highest rate is 1.1% APY, while the lowest is 0.1% APY.
The average 6-month CD rate among all of these accounts is 0.5% APY.
12-Month CD
You can currently find 50 accounts in the state with a 12-month term. The best rate we have in our database is 1.51% APY. The lowest 12-month CD rate is presently 0.15% APY.
The average 12-month CD rate in Virginia is 0.8% APY right now.
24-Month CD
Out of a total 47 accounts available, the highest 24-month CD rate is currently 2.27% APY. On the other end of the spectrum is the lowest rate of 0.2% APY.
The average 24-month CD rate in Virginia today is 1.1% APY.
Please note these rates are accurate as of July 21, 2011. Rates are subject to change at any time at the discretion of the individual financial institutions. Please verify rates before opening an account.
