Virginia Savings Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Virginia savings account rates range from 1.25% to 6.00% APY, verified by MonitorBankRates as of October 14, 2026. The best savings rates for Virginia include Call Federal Credit UnionCall Federal Credit Union4605 Commerce Rd, Richmond, VA 23234 2233A+5.0 ★Texas Ratio: 2.74%Real return: +3.20%APY minus 2.8% CPI (February 2026) Youth Savings Account at 6.00% APY, Apple Federal Credit UnionApple Federal Credit Union14260J Centreville Sq, Centreville, VA 20121A+5.0 ★Texas Ratio: 2.85%Real return: +2.20%APY minus 2.8% CPI (February 2026) Coverdell ESA Share at 5.00% APY, Andrews Federal Credit UnionAndrews Federal Credit Union7025A Manchester Blvd, Alexandria, VA 22310A5.0 ★Texas Ratio: 10.28%Real return: +2.20%APY minus 2.8% CPI (February 2026) Mission Savings Account at 5.00% APY, General Electric Employees Federal Credit UnionGeneral Electric Employees Federal Credit Union2300 Wards Rd Ste E, Lynchburg, VA 24502A5.0 ★Texas Ratio: 8.00%Real return: +2.20%APY minus 2.8% CPI (February 2026) Jump Start Savings at 5.00% APY, and Everence Federal Credit UnionEverence Federal Credit Union841 Mount Clinton Pike STE B, Harrisonburg, VA 22802A+5.0 ★Texas Ratio: 4.82%Real return: +2.20%APY minus 2.8% CPI (February 2026) Youth savings at 5.00% APY.
Use the tables below to compare savings rates across Virginia side-by-side. Virginia savings rates currently reach as high as 6.00% APY from Call Federal Credit Union at 4605 Commerce Rd, Richmond, VA 23234 2233. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Virginia and the surrounding area. Last Updated and Verified: October 14, 2026
Compare the Best Savings Rates in Virginia
Balance: $0.01 - $1,000.00; Must be 17 years old or younger to open with a parent or legal guardian; Rate may change after account is opened
Published APY range: 5.88% to 5.99%. Balance: $1,000.01 - $1,044.68; Must be 17 years old or younger to open with a parent or legal guardian; Rate may change after account is opened
Balance: up to $19999; Compounded: Monthly
Balance: $.01 - 5,000.00; Qualifying balance up to $5,000.00; Online or mobile banking only
Balance: Balances $1,000 and under; Primary account holder must be 17 years of age or younger; rate applies to balances up to $1,000, amounts over $1,000 earn the current Share Savings rate
Balance: Up to $1,000; Youth savings account for kids under 18
Special rate applies only on the first $500 deposited as long as member meets all requirements. Requirements: age 19 or younger, valid government issued photo ID or social security number for minors, parent or legal guardian joint on account. At age 20 balance transfers to prime share account. Deposits over $500.00 earn the regular share savings rate.
Up to 5.00% APY; Dividends credited Monthly
- Sep 21, 20265.00%▲ from 0.05%
- Sep 14, 20260.05%first recorded
Balance: $0-500; Qualifying balance up to $500.00; Must be under 25 years of age; minimum monthly deposits of at least $10 required, otherwise earns Young Investors rate
Balance: $100.00 - $5,000.99 earns APY 5.00%; Balances $5,001.00 and above earn APY 0.20%; Requires open checking account under same membership number; Must be 22 or older; One per Social Security or Taxpayer Identification Number; Minimum Balance/Average Daily Balance: $5/$100
Balance: $0.00 - $2,499.99; Promotional APY of 5.00% for first 6 months on the first tier up to $2,499.99
Published APY range: 4.0182% - 4.0000%. Balance: $0.01 - $2,000; Compounding: Monthly; Blended APY range
- Oct 13, 20264.02%▲ from 4.02%
- Sep 18, 20264.02%▼ from 4.02%
- Sep 14, 20264.02%first recorded
- Sep 27, 20264.00%▲ from 3.70%
- Sep 24, 20263.70%first recorded
Qualifications Required; Qualifying balance up to $25,000; requires direct deposit(s) of at least $500.00 per month to a Freedom Direct, Justice National, Beyond the Badge or Student checking account; No minimum balance requirement
- Oct 12, 20264.00%▲ from 0.10%
- Oct 4, 20260.10%first recorded
Balance: $1,000.01 - $10,000.00
Published APY range: 4.000% - 3.3848%. Balance: $2,000.01 - $5,000; Compounding: Monthly; Blended APY range
Earn 3.75% APY on daily balances when you maintain an Advantage Checking Account
Balance: >= $5,000
- Oct 14, 20263.75%▲ from 0.25%
- Sep 24, 20260.25%first recorded
Up To; Featured rate carousel
- Oct 2, 20263.75%▲ from 3.60%
- Sep 18, 20263.60%first recorded
Balance: next $250,000.00 - $99,999,999.99; Member must maintain at least $50,000 in the account to earn dividends on this account.
Balance: $250,000+; Minimum balance to obtain APY: $0.01
Balance: next $150,000; Member must maintain at least $50,000 in the account to earn dividends on this account.
Premium Rate; Balance: Up to $25,000
- Oct 2, 20263.40%▲ from 3.20%
- Sep 15, 20263.20%first recorded
Qualifications Required; Balance up to $25,000.00; Premium rate requires an active Truliant checking account; Premium rate applies for first two statement cycles; Base rate 0.10% APY if checking activity does not qualify
- Oct 2, 20263.40%▲ from 3.20%
- Sep 18, 20263.20%first recorded
Published APY range: 3.3848% - 2.6863%. Balance: $5,000.01 - $10,000; Compounding: Monthly; Blended APY range
- Oct 13, 20263.38%▼ from 3.39%
- Sep 18, 20263.39%▼ from 3.39%
- Sep 14, 20263.39%first recorded
Balance: 2nd $50,000; Member must maintain at least $50,000 in the account to earn dividends on this account.
Balance: $5,000 - $50,000; New Money only; 7-Day Window; Maximum deposit allowed is $50,000
Balance: $5.00 to $19,999
- Oct 1, 20263.30%▲ from 3.04%
- Sep 14, 20263.04%first recorded
Earn 3.25% APY without an Advantage Checking Account
- Oct 14, 20263.25%▼ from 3.75%
- Sep 18, 20263.75%first recorded
Balance: $25,000 or more; Rates for New Savings Customers; Earn 3.25% APY as a new Wells Fargo savings customer; California Bay Area counties branches only
- Oct 14, 20263.25%▲ from 0.05%
- Oct 7, 20260.05%▲ from 0.01%
- Sep 14, 20260.01%first recorded
Balance: 1st $50,000; Member must maintain at least $50,000 in the account to earn dividends on this account.
Balance: $150,000+
Balance: $25,000+
- Oct 13, 20263.25%▲ from 3.10%
- Sep 14, 20263.10%first recorded
Qualifications Required; Balance: $10,000+ average daily balance; Rate and APY based on qualifying criteria; If qualifications are not met each dividend period, the Premier Checking dividend rate applies
Balance: $0.01 - $250,000; Tiered variable rate; Dividends compounded and credited monthly; Membership required; No minimum balance to open or maintain
APY is variable and effective 10/14/2026; No fees; No minimums
- Oct 2, 20263.10%▲ from 3.00%
- Sep 18, 20263.00%first recorded
RELATIONSHIP APY when eligibility requirements are met; Balance: $1 or more; Requires U.S. HSBC Premier relationship; Not available to business customers
Balance: $250,000+; Tiered rates, rate paid on entire balance; Available for personal consumer accounts only
Qualifications Required: Open Movement Rewards Checking Account or minimum daily balance of $15,000 in Movement Rewards Savings; Digital statements must be activated; Up to 3.05% APY on balances up to $50,000 when qualifications are met (open Movement Rewards Checking or $15,000 minimum daily balance, digital statements activated); One account per customer; No minimum balance required; If qualifications are not met, the entire balance earns 0.25% APY
Perfect for New Savers; Minimum to open: $50; No monthly maintenance fee; Rates as of 10/14/2026
Balance: $15,000 and over; Dividend rate based on U.S. Prime Rate (WSJ) minus 4.00%
- Oct 5, 20263.04%▲ from 2.79%
- Sep 14, 20262.79%first recorded
Qualifications Required; Balance: $0.01 - $100,000.99; Kasasa Saver APY tied to Kasasa Cash qualifications; Rates may change after account is opened
Qualifications Required: Kasasa Cash qualifications met each monthly qualification cycle; Balance: $0.01 - $100,000.99; Qualifying Kasasa Cash transactions required each monthly qualification cycle; APY 3.00% applies to balances up to $100,000.99 when qualifications are met
- Oct 14, 20263.00%▲ from 0.01%
- Oct 7, 20260.01%first recorded
Linked to Kasasa Cash+ Checking; additional APY on balances up to $75,000
3.00% APY on all balances in Kasasa Saver; available only with Kasasa Cash Checking under same ownership; no monthly maintenance fees; no minimum balance to earn rewards; monthly qualifications apply to Kasasa Cash Checking (12 qualifying debit card purchases, eStatements enrollment, Online Banking enrollment/login)
Balance: up to $10,000; Compounded: Monthly
Balance: up to $1,499; Compounded: Monthly
Balance: Up to $1,000; Earn higher dividends on the first $1,000 in the account
Balance: $100,000 and over
Earn and Learn available to members up through age 18; APY dividend of 2.96% on balances $5.00-$2,500.00; Balances over $2,500.00 earn APY 0.20%; Minimum Balance/Average Daily Balance: $5/$5
Balance: Up to $2,499
Balance: $0.01 - $4,999.99; Variable APY, subject to change without notice
Balance: up to $10,000; Compounded: Monthly
Balance: $10,000 - $99,999; Minimum balance to obtain APY: $0.01
Balance: $50,000 +; Account with low opening balance & no monthly maintenance charge
Balance: All Balances
Published APY range: 2.6863% - 1.7354%. Balance: $10,000.01 - $50,000; Compounding: Monthly; Blended APY range
- Oct 13, 20262.69%▲ from 2.69%
- Sep 18, 20262.69%▼ from 2.69%
- Sep 14, 20262.69%first recorded
Balance: $100,000 - $249,999; Tiered rates, rate paid on entire balance; Available for personal consumer accounts only
Promotional rate; must be funded completely with new money (funds not currently on deposit with Chartway); available to new and existing members; funds transferred from IRA accounts not eligible; dividends paid quarterly; Chartway senior leadership (VP and above), Board of Directors, and volunteers not eligible
Balance: $50,000 and over
Balance: $0 - $9,999; Minimum balance to obtain APY: $0.01
Balance: $1 - $99,999; Tiered rates, rate paid on entire balance; Available for personal consumer accounts only
Balance: $100,000+; Your Way Checking required to open the Your Way Savings
- Sep 27, 20261.93%▲ from 1.68%
- Sep 24, 20261.68%first recorded
- Sep 27, 20261.93%▲ from 1.68%
- Sep 24, 20261.68%first recorded
Balance: $50,000.00 - $99,999.99
Balance: $0.00 - $50,000.00
Balance: $2,000,000 & Above
Balance: $50,000.01 - $100,000.00
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.
Virginia Savings Rate Trends
Compare local Virginia savings rate quotes against the statewide average
Daily savings rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Virginia high-yield savings rates rose 0.140 points over the past 7 days to 2.368% APY, up from 2.228%.
Virginia standard savings rates fell 0.008 points over the past 7 days to 0.526% APY, down from 0.534%.
Virginia Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current VA high-yield average and a Fed funds spread to project the likely rate trajectory for 2026 to 2027.
Savings 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 savings average of 2.368% 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 to 90 days. High-yield online savings rates tend to adjust faster than standard branch-based savings rates.
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 Virginia.
Savings Account Earnings in Virginia
Annual interest earnings at current VA average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (2.368% APY) | Monthly Earnings | Standard Savings (0.526% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $118.41 / year | $9.87 | $26.31 / year | $2.19 |
| $10,000 | $236.83 / year | $19.74 | $52.62 / year | $4.39 |
| $25,000 | $592.07 / year | $49.34 | $131.55 / year | $10.96 |
| $50,000 | $1,184.15 / year | $98.68 | $263.10 / year | $21.93 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, and daily balance maintained. Rates are variable and subject to change. Source: Virginia savings rate averages as of October 15, 2026. | ||||
About Our Virginia Savings Rate Database
MonitorBankRates tracks 295 savings rates from 20 banks and 24 credit unions offering savings accounts to Virginia residents, including community institutions, regional banks, and national online options. 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 to 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: Call Federal Credit Union offers a savings account at 6.00% APY. Use the rate table above to compare all current offers in Virginia.
How to Find the Best Savings Rates in Virginia
What to compare when shopping for a savings account in Virginia
To find the best savings APYs in Virginia, start with credit unions and online-only banks: Virginia has 24 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. APY reflects compounding and is the true measure of what you’ll earn. Savings accounts that compound daily earn slightly more than those compounding monthly at the same stated rate. The current VA high-yield savings average is 2.368% but top local institutions are offering as high as 6.00%, so shopping around pays off.
Unlike a CD, savings account rates are variable. Your rate can change at any time with Federal Reserve policy. Many institutions offer elevated introductory rates that reset after a promotional period. Review your account periodically to ensure your APY remains competitive.
When a High-Yield Savings Account Makes Sense
- Emergency fund: Financial experts recommend 3 to 6 months of expenses in a liquid, FDIC-insured account. Virginia high-yield savings rates currently average 2.368% APY, far above a typical checking account.
- Short-term savings goals (6 to 24 months): If you may need the money soon, a savings account gives you immediate access without early withdrawal penalties.
- Parking cash between investments: A high-yield savings account at Virginia institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 44 institutions in Virginia report savings 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 Virginia CD rates
- You want check-writing flexibility Virginia money market rates
- You need daily transaction access Virginia checking rates
Virginia Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
16.7% of residents are 65 or older, below the national average of 17.3%. At today’s VA high-yield savings average of 2.368%, saving 10% of the local median salary ($5,112/year) would earn an additional $121 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Virginia Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Virginia.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current VA Avg APY | 2.368% | 0.526% | View MMA Rates | 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 | ✗ No | ✗ No | ✓ Often yes | ✗ No |
| Debit / ATM Card | Some institutions | ✗ Rarely | ✓ Often yes | ✗ No |
| Typical Min Deposit | $0 to $100 | $25 to $100 | $0 to $2,500 | $500 to $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 | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Active savers wanting flexibility + check writing | Locking in a rate for a defined period |
APY data reflects Virginia averages tracked in our database as of October 15, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Virginia
At VA’s top rate of 6.00% from Call Federal Credit Union, a $10,000 deposit earns $600 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Virginia earner is roughly $12,800. At 2.368% APY, saving $1,070/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsVirginia’s high-yield savings average is 2.368% APY, variable and always accessible. 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 Virginia earner makes $51,121/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.368% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.368% APY grows to roughly $39,925 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 Virginia savings 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 Savings Rate Data: We aggregate savings account rates for 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 savings 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 Virginia. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to large national institutions available to savers in VA.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Savings Accounts in Virginia
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Virginia safe?
How often do savings rates change in Virginia?
Do I need a minimum deposit to open a savings account?
What is the difference between a Savings Account and a Money Market Account?
Are online banks better than local banks in Virginia?
How do I open a savings account in Virginia?
Best Savings Rates in Virginia
- Call Federal Credit Union
Youth Savings Account: 6.00% APY - Apple Federal Credit Union
Coverdell ESA Share: 5.00% APY - Andrews Federal Credit Union
Mission Savings Account: 5.00% APY - General Electric Employees Federal Credit Union
Jump Start Savings: 5.00% APY - Everence Federal Credit Union
Youth savings: 5.00% APY
Cities in Virginia
