New Canton, Virginia Money Market Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current New Canton, Virginia and the surrounding area money market deposit account rates include University of Virginia Community Credit UnionUniversity of Virginia Community Credit UnionA+5.0 ★Texas Ratio: 4.02%Real return: +1.22%APY minus 2.8% CPI (February 2026) MaxSaver Money Market at 4.02% APY, Beacon Credit Union IncorporatedBeacon Credit Union IncorporatedA+5.0 ★Texas Ratio: 1.29%Real return: +1.20%APY minus 2.8% CPI (February 2026) Business Premier Money Market at 4.00% APY, 1st Advantage Federal Credit Union1st Advantage Federal Credit UnionA+5.0 ★Texas Ratio: 1.85%Real return: +1.20%APY minus 2.8% CPI (February 2026) Business Performance Plus Money Market Account at 4.00% APY, Chartway Credit UnionChartway Credit UnionA5.0 ★Texas Ratio: 10.46%Real return: +1.20%APY minus 2.8% CPI (February 2026) Money Market Plus at 4.00% APY, and Connects Federal Credit UnionConnects Federal Credit UnionC-3.1 ★Texas Ratio: 17.97%Real return: +1.01%APY minus 2.8% CPI (February 2026) Money Market and up) at 3.81% APY. Money market rates as of September 9, 2026 according to verified data from MonitorBankRates.
New Canton is a smaller community with no bank or credit union branches currently in our database. 150 institutions serving the Virginia area are available to New Canton residents, with money market rates as high as 4.02% APY from University of Virginia Community Credit Union. Rates are continually updated, so we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in New Canton, Virginia and surrounding area. Last Updated and Verified: September 9, 2026
Compare the Best Money Market Rates Today in New Canton, Virginia & the Surrounding Area
Blended APY range calculated on balances up to $1 million in this tier. Reverse tier waterfall structure. All balances benefit in the first tier of 4.0000 % APY up to $2,000. Then 4.0000 % - 3.3848 % APY on your balance between $2,000.01 and $5,000.00, and so on for additional balance tiers.
Beacon's Premier Money Market rate is only valid on new accounts for members who have not had an open consumer or business money market within the past 90 days. The account cannot be funded with deposit money that is already in a Beacon deposit account. Dividend applied is based upon the highest tier applicable to your average daily balance when monthly processing occurs. Rates are subject to change.
LIMITED TIME OFFER; Dividends Compounded: Monthly
APY = Annual Percentage Yield. The Performance Plus Money Market Account tier dividend rates and APY as of 7/28/2026 are subject to change daily. Dividends compounded monthly. Fees may reduce earnings. For additional information on your account please see your Membership & Account Agreement. For additional information about fees please see the Fee Schedule.
Qualifications Required: Maintain any personal or business checking account and an average daily balance (ADB) of $10,000 or more in the Money Market Plus account during the calendar month. Both the checking account and the Money Market Plus account must be under the same member number.; APY=Annual Percentage Yield. Rates displayed include a 0.25% APY Relationship Bonus. To earn the Money Market Plus Relationship Bonus Rate, you must maintain any personal or business checking account and an average daily balance (ADB) of $10,000 or more in the Money Market Plus account during the calendar month. Both the checking account and the Money Market Plus account must be under the same member number. The monthly qualification cycle is defined as the period beginning on the first calendar day of the month and ending on the last calendar day of the month. Fees may reduce earnings on the account. Certain conditions and restrictions may apply. Rates are subject to change without notice. Please refer to the Membership Agreement and Disclosures for terms and conditions applicable to specific accounts.
$250,000; Dividends compounded: Monthly; Dividends credited: Monthly; Dividend period: Monthly; Balance method: Daily balance
Qualifications Required: Maintain any personal or business checking account and an average daily balance (ADB) of $10,000 or more in the Money Market Plus account during the calendar month. Both the checking account and the Money Market Plus account must be under the same member number.; APY=Annual Percentage Yield. Rates displayed include a 0.25% APY Relationship Bonus. To earn the Money Market Plus Relationship Bonus Rate, you must maintain any personal or business checking account and an average daily balance (ADB) of $10,000 or more in the Money Market Plus account during the calendar month. Both the checking account and the Money Market Plus account must be under the same member number. The monthly qualification cycle is defined as the period beginning on the first calendar day of the month and ending on the last calendar day of the month. Fees may reduce earnings on the account. Certain conditions and restrictions may apply. Rates are subject to change without notice. Please refer to the Membership Agreement and Disclosures for terms and conditions applicable to specific accounts.
Earn 1.50% APY* on Higher Balances
On Balances Between $25,000 and $250,000. Earn 1.50% APY* on Higher Balances Earn 0.10% APY* on Average Daily Balances under $25,000.
Compounded: Monthly
Beacon's Premier Money Market rate is only valid on new accounts for members who have not had an open consumer or business money market within the past 90 days. The account cannot be funded with deposit money that is already in a Beacon deposit account. Dividend applied is based upon the highest tier applicable to your average daily balance when monthly processing occurs. Rates are subject to change.
LIMITED TIME OFFER; Dividends Compounded: Monthly
Premier Checking required to open the Premier Money Market. Rates are variable and may change after the account is opened. Rate subject to change without notice. Fees may reduce earnings. The dividend period for these accounts is monthly. For example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration is the last day of the dividend period and for the example above is January 31. If you close your account before dividends are paid, you will not receive the accrued dividend.
Blended APY range calculated on balances up to $1 million in this tier. Reverse tier waterfall structure. All balances benefit in the first tier of 4.0000 % APY up to $2,000. Then 4.0000 % - 3.3848 % APY on your balance between $2,000.01 and $5,000.00, and so on for additional balance tiers.
2
Balance: $500,000 - $999,999.99
APY = Annual Percentage Yield. The Performance Plus Money Market Account tier dividend rates and APY as of 7/28/2026 are subject to change daily. Dividends compounded monthly. Fees may reduce earnings. For additional information on your account please see your Membership & Account Agreement. For additional information about fees please see the Fee Schedule.
Premier Checking required to open the Premier Money Market. Rates are variable and may change after the account is opened. Rate subject to change without notice. Fees may reduce earnings. The dividend period for these accounts is monthly. For example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration is the last day of the dividend period and for the example above is January 31. If you close your account before dividends are paid, you will not receive the accrued dividend.
F&M Money Market $1,500,000.00+; Balance Requirement to Avoid Service Charges: Daily average $1,000
Minimum opening deposit required: $2,500
Compounded: Monthly
Compounded: Monthly
Beacon's Premier Money Market rate is only valid on new accounts for members who have not had an open consumer or business money market within the past 90 days. The account cannot be funded with deposit money that is already in a Beacon deposit account. Dividend applied is based upon the highest tier applicable to your average daily balance when monthly processing occurs. Rates are subject to change.
LIMITED TIME OFFER; Dividends Compounded: Monthly
Minimum opening deposit required: $2,500
See Account Terms for details
APY* is subject to change. **APY is calculated on average daily balance. Rates may change without notice.
F&M Money Market $750,000-$1,499,999.99; Balance Requirement to Avoid Service Charges: Daily average $1,000
F&M Money Market $250,000.00-$749,999.99; Balance Requirement to Avoid Service Charges: Daily average $1,000
F&M Money Market $100,000 - $249,999.99; Balance Requirement to Avoid Service Charges: Daily average $1,000
See Account Terms for details
F&M Money Market $1,000.00-$99,999.99; Balance Requirement to Avoid Service Charges: Daily average $1,000
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Balance: $500,000 - $1,499,999.99
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
New Canton, VA Money Market Rate Trends
Compare local New Canton, VA money market quotes against the statewide average
Daily money market rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Virginia high-yield MMA rates rose 0.109 points over the past 7 days to 3.036% APY.
Virginia standard MMA rates fell 0.175 points over the past 7 days to 0.750% APY.
New Canton, Virginia Money Market Rate Forecast, Next 12 Months
Money market rates move with Federal Reserve policy. Our model uses the current VA high-yield MMA average and a Fed funds spread to project the likely rate trajectory for 2026–2027.
Money market account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current VA high-yield money market average of 3.036% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit rates at banks and credit unions track policy-rate changes within 60–90 days. High-yield money market rates tend to adjust faster than standard branch-based accounts.
Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions in New Canton, Virginia.
Money Market Account Earnings in New Canton, Virginia
Annual interest earnings at current VA average APYs, based on the high-yield and standard money market averages tracked in our database. Balances reflect the higher minimums typical of money market accounts. Compounding assumed monthly.
| Balance | HY Money Market (3.036% APY) | Monthly Earnings | Standard MMA (0.750% APY) | Monthly Earnings |
|---|---|---|---|---|
| $10,000 | $303.63 / year | $25.30 | $74.97 / year | $6.25 |
| $25,000 | $759.08 / year | $63.26 | $187.43 / year | $15.62 |
| $50,000 | $1,518.15 / year | $126.51 | $374.85 / year | $31.24 |
| $100,000 | $3,036.30 / year | $253.03 | $749.70 / year | $62.48 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, rate tier, and daily balance maintained. Rates are variable and subject to change. Source: New Canton, Virginia money market rate averages as of September 10, 2026. | ||||
Available in New Canton, Virginia Area
About Our New Canton, Virginia Money Market Rate Database
MonitorBankRates tracks money market rate offers from 48 banks and credit unions available to New Canton, Virginia residents via statewide and national offers. No branch locations physically in New Canton are currently in our database, but all listed offers are open to New Canton depositors. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website, no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1–5), and Texas Ratio, objective financial health metrics calculated from FDIC and NCUA regulatory data, so you can compare yield and institutional safety in one place.
Current top rate: University of Virginia Community Credit Union offers a money market account at 4.02% APY. Use the rate table above to compare all current offers in New Canton, Virginia.
How to Find the Best Money Market Rates in New Canton, Virginia
What to compare when shopping for a money market account in New Canton, Virginia
To find the best money market APYs in New Canton, Virginia, start with credit unions and online-only banks: New Canton, Virginia has 32 credit unions in our database, and they consistently offer some of the highest yields because they are member-owned nonprofits with lower overhead than traditional banks.
Always compare the APY (Annual Percentage Yield), not just the interest rate, and pay close attention to balance tiers. Many money market accounts only pay their advertised top rate above a minimum balance of $1,000–$25,000, with lower rates (or monthly fees) below that threshold. The current VA high-yield money market average is 3.036% but top local institutions are offering as high as 4.02%, so shopping around pays off.
Unlike a CD, money market rates are variable. Your rate can change at any time with Federal Reserve policy. Also check check-writing and debit card limits: most MMAs allow a set number of withdrawals per month, and exceeding the limit can trigger fees. Review your account periodically to ensure your APY remains competitive.
When a Money Market Account Makes Sense
- Emergency fund with flexibility: You get savings-level yields plus limited check-writing and debit access. New Canton, Virginia high-yield money market rates currently average 3.036% APY, far above a typical checking account.
- Larger balances ($10,000+): Many MMAs pay tiered rates that rise with your balance, so bigger deposits often earn more than they would in a standard savings account.
- Parking cash between investments: A high-yield money market account at New Canton, Virginia institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 48 institutions in New Canton, Virginia report money market rates to our database.
- No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.
Consider an Alternative If…
- You want a locked-in, guaranteed return → New Canton, Virginia CD rates
- You don’t need check writing and want a lower minimum → New Canton, Virginia savings rates
- You need daily transaction access → New Canton, Virginia checking rates
Virginia Financial Snapshot
Local demographics and economic context for savers . Source: U.S. Census Bureau (state-level data shown; city data not available)
16.7% of residents are 65 or older, below the national average of 17.3%. At today’s VA high-yield money market average of 3.036%, saving 10% of the local median salary ($5,112/year) would earn an additional $155 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other New Canton, Virginia Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in New Canton, Virginia.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current VA Avg APY | 3.036% | View Savings Rates | 0.750%(Standard MMA) | View CD Rates |
| Rate Type | Variable | Variable | Variable | Fixed for term |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Withdraw Anytime | ✓ Yes | ✓ Yes | ✓ Yes | ✗ Penalty applies |
| Check Writing | ✓ Often yes | ✗ No | ✗ No | ✗ No |
| Debit / ATM Card | ✓ Often yes | Some institutions | ✗ Rarely | ✗ No |
| Typical Min Deposit | $0 – $2,500 | $0 – $100 | $25 – $100 | $500 – $1,000 |
| Rate Risk | Variable, moves with Fed policy | Variable, moves with Fed policy | Variable, moves with Fed policy | None, locked for term |
| Best For | Active savers wanting flexibility + check writing | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Locking in a rate for a defined period |
APY data reflects New Canton, Virginia averages tracked in our database as of September 10, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
New Canton, Virginia Money Market Account Calculator
See how much a money market account can earn you. Enter your deposit, monthly contribution, and time frame, or click any current New Canton, Virginia rate on the right to apply it instantly. Interest compounds monthly.
Assumes monthly compounding and a constant APY for the full period. Money market rates are variable and can change at any time, so actual earnings will differ. Estimates are for informational purposes only.
Money Market & Savings Calculators for New Canton, Virginia
At VA’s top money market rate of 4.02% from University of Virginia Community Credit Union, a $10,000 deposit earns $402 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median New Canton, Virginia earner is roughly $12,800. At 3.036% APY in a money market account, saving $1,070/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. Liquid Deposit AccountVirginia’s high-yield money market average is 3.036% APY, variable, always accessible, and often with check-writing. A local CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median New Canton, Virginia earner makes $51,121/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 3.036% APY.
Retirement PlannerA $25,000 money market balance earning 3.036% APY grows to roughly $45,472 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our New Canton, Virginia money market rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Money Market Rate Data: We aggregate money market deposit account rates for New Canton, Virginia directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every money market rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in New Canton, Virginia. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in VA.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update money market rates daily. Because MMA yields can fluctuate rapidly based on market conditions, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Money Market Accounts in New Canton, Virginia
What is a Money Market Account (MMA)?
Are Money Market accounts in New Canton, Virginia safe?
How often do MMA rates change in New Canton, Virginia?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in New Canton, Virginia?
Can I lose money in a Money Market Account?
What is the difference between a Money Market Account and a Money Market Fund?
Do I have to pay taxes on money market account interest?
Are online banks better than local banks in New Canton, Virginia for money market accounts?
Best Money Market Rates in New Canton, Virginia
- University of Virginia Community Credit Union
MaxSaver Money Market: 4.02% APY - Beacon Credit Union Incorporated
Business Premier Money Market: 4.00% APY - 1st Advantage Federal Credit Union
Business Performance Plus Money Market Account: 4.00% APY - Chartway Credit Union
Money Market Plus: 4.00% APY - Connects Federal Credit Union
Money Market and up): 3.81% APY
New Canton, Virginia Rates & Resources
