Best Money Market Rates in Salem, Virginia (VA) - May 2026
Brian McKay
Brian McKay
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Current Salem, Virginia and the surrounding area money market deposit account rates include TruistTruist2929 Keagy Rd, Salem, VA 24153A+5.0 ★Texas Ratio: 3.63% Small Business Money Market Account at 3.40% APY, Member One Federal Credit UnionMember One Federal Credit Union1436 W Main St, Salem, VA 24153A+5.0 ★Texas Ratio: 5.18% Premium Plus Money Market at 2.60% APY, Carter Bank & TrustCarter Bank & Trust1400 Electric Rd, Salem, VA 24153F1.0 ★Texas Ratio: 96.15% Premium Money Market Account at 1.67% APY, Blue Eagle Credit UnionBlue Eagle Credit Union2809 W Main St, Salem, VA 24153 2059A+5.0 ★Texas Ratio: 0.29% Money Market Savings at 1.50% APY, and InFirst Federal Credit UnionInFirst Federal Credit Union2 W Main St, Salem, VA 24153 3851A+5.0 ★Texas Ratio: 3.55% Money Market IRA Accounts at 0.50% APY. Money market rates as of May 12, 2026 according to verified data from MonitorBankRates.
Salem has 7 local institutions in our database, with money market rates as high as 3.40% APY from Truist at 2929 Keagy Rd, Salem, VA 24153. Use the table below to compare all available offers, including options from institutions serving the broader Virginia area. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Salem, Virginia and surrounding area. Last Updated and Verified: May 12, 2026
Compare the Best Money Market Rates Today in Salem, Virginia & the Surrounding Area
$75,000.00 and greater
$25,000.00 to $74,999.99
Minimum balance to avoid service fee is $2,500; Dividends compounded and credited monthly; Refer to the Member Account Agreement for the Truth in Savings Disclosure related to these accounts.; Rates subject to change without notice. Minimum deposit required to earn dividends varies, please speak to a member representative for more information.
$10,000.00 to $24,999.99
Minimum balance to avoid service fee is $2,500; Dividends compounded and credited monthly; Refer to the Member Account Agreement for the Truth in Savings Disclosure related to these accounts.; Rates subject to change without notice. Minimum deposit required to earn dividends varies, please speak to a member representative for more information.
Up to $9,999.99
Qualifying balance up to $9,999.99
Minimum balance to avoid service fee is $2,500; Dividends compounded and credited monthly; Refer to the Member Account Agreement for the Truth in Savings Disclosure related to these accounts.; Rates subject to change without notice. Minimum deposit required to earn dividends varies, please speak to a member representative for more information.
[Learn More](https://www.marinefederalhb.org/home/site/choicemoneymarket)
LIMITED TIME OFFER; 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. There is a $100 minimum deposit required to open the account and 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.
as high as
Qualifying balance up to $1,000,000.00
Qualifying balance up to $1,000.00
Qualifying balance up to $25,000.00
Qualifying balance up to $25,000.00
minimum new money deposit of $10,000.
LIMITED TIME OFFER; 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. There is a $100 minimum deposit required to open the account and 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.
Qualifying balance up to $999,999.00
On Balances Between $25,000 and $250,000.
$15,000+
New money only
New money only
$125,000.00
$500,000.00
$250,000.00 - $499,999.99
$0.00 - $249,999.99
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.
Salem, VA Money Market Rate Trends
Compare local Salem, 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 currently average 3.349% APY.
Virginia standard MMA rates currently average 0.800% APY.
Methodology & Data Sources
Direct-Sourced & Verified Money Market Rate Data: We aggregate money market deposit account rates for Salem, 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 Salem, 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 Salem, Virginia
What is a Money Market Account (MMA)?
Are Money Market accounts in Salem, Virginia safe?
How often do MMA rates change in Salem, Virginia?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Salem, Virginia?
Best Money Market Rates in Salem, Virginia
- Truist
Small Business Money Market Account — 3.40% APY - Member One Federal Credit Union
Premium Plus Money Market — 2.60% APY - Carter Bank & Trust
Premium Money Market Account — 1.67% APY - Blue Eagle Credit Union
Money Market Savings — 1.50% APY - InFirst Federal Credit Union
Money Market IRA Accounts — 0.50% APY
