Hillsboro, Virginia Savings Rates - October 2026
Brian McKay
Brian McKay
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Hillsboro, Virginia savings account rates range from 1.46% to 8.00% APY, verified by MonitorBankRates as of October 12, 2026. The best savings rates for Hillsboro, Virginia and the surrounding area include Topside Federal Credit UnionTopside Federal Credit UnionA5.0 ★Texas Ratio: 6.63%Real return: +5.20%APY minus 2.8% CPI (February 2026) Military ID Savings at 8.00% APY, Call Federal Credit UnionCall Federal Credit UnionA+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 UnionA+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 UnionA5.0 ★Texas Ratio: 10.28%Real return: +2.20%APY minus 2.8% CPI (February 2026) Mission Savings Account at 5.00% APY, and General Electric Employees Federal Credit UnionGeneral Electric Employees Federal Credit UnionA5.0 ★Texas Ratio: 8.00%Real return: +2.20%APY minus 2.8% CPI (February 2026) Jump Start Savings at 5.00% APY.
Hillsboro is a smaller community with no bank or credit union branches currently in our database. 75 institutions serving the Virginia area are available to Hillsboro residents, with savings rates as high as 8.00% APY from Topside Federal Credit Union. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Hillsboro, Virginia and the surrounding area. Last Updated and Verified: October 12, 2026
Compare the Best Savings Rates in Hillsboro, Virginia & Surrounding Communities
Qualifications Required: current, valid military ID; accept electronic documents; receive e-statements; make at least one deposit monthly; 8.00% only applies on the first $500 deposited as long as member meets all requirements. Requirements include: a current, valid military ID, accept electronic documents, receive e-statements and make at least one deposit monthly. Dividends compounded and credited quarterly. If the monthly deposit is not posted, the rate will revert to the current share savings rate for that month. This special rate will remain in effect as long as all requirements are met for the first $500. Balances over $500 will earn the regular share savings rate.
Balance: $0.01 - $1,000.00; Rate may change after an account is opened. Must be 17 years old or younger to open with a parent or legal guardian. The account balance will automatically be transferred to a Primary Savings Account during the calendar quarter following their 18th birthday. Last Dividend Declaration Date for Youth Savings: September 22, 2026.
Published APY range: 5.88% to 5.99%. Balance: $1,000.01 - $1,044.68; Rate may change after an account is opened. Must be 17 years old or younger to open with a parent or legal guardian. The account balance will automatically be transferred to a Primary Savings Account during the calendar quarter following their 18th birthday. Last Dividend Declaration Date for Youth Savings: September 22, 2026.
Balance: up to $19999
Balance: $0.01 - $1,000.00
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
Rate: **
Balance: $1.00 - $2,500.00
Balance: $0.00 - $1,000.00
Balance: $0-500
APY dividend of 5.00% is earned on balances $100.00 to $5,000.99. Balances $5,001.00 and above will receive APY of 0.20%. One Accelerate It Savings per Social Security or Taxpayer Identification Number. For Accelerate It Savings accounts, you must have an open checking account located under the same membership number as the Accelerate It Savings account. If your checking account is closed for any reason, your Accelerate It Savings account will convert to a Regular Savings account. You must be 22 years or older to open an Accelerate It Savings account. Balance: $100.00 - $5,000.99
- Sep 18, 20265.00%▼ from 5.00%
- Sep 14, 20265.00%first recorded
Balance: $0.00 - $2,499.99; During the first 6 months after account opening, a promotional APY of 5.00% applies to that portion of the total account balance within the first tier, up to $2,499.99. The standard tiered APYs displayed apply to the remaining portion(s) of the account balances above the first tier. Dividend rates are tiered; different portions of the total account balance earn different rates. The APY reflects a blended rate based on the portion of the total balance in each tier, and if held to maturity. Dividends accrue daily and are paid monthly. Fees could reduce earnings on the account. No penalty for withdrawal. Limited to personal accounts; one account per member. Certain conditions and restrictions may apply. Rates and tiers are subject to change without notice. Membership must be completed before account opening. Please refer to the Membership Agreement and Disclosures for terms and conditions applicable to specific accounts
Rates are accurate as of 7/1/2025 and may change after the account is opened. Fees for ATM transactions at foreign (non-Primis) ATMs will be refunded to your account on the 15 of the month. Fees may reduce earnings. This account is only available online.
This is a variable rate account. Rates are subject to change at any time without notice and are not guaranteed until the account is opened. Fees may reduce earnings. You may add a joint owner after your application is approved.
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
For balances of $15,000 and above, the dividend rate is based on the U.S. Prime Rate as published in The Wall Street Journal, minus 4.00%. Rate adjustments occur on the first day of the month following a change in the Prime Rate. For balances below $15,000, the dividend rate and APY are variable and may change after account opening as determined by the Credit Union's Board of Directors. Fees may reduce earnings. Refer to the Truth in Savings Disclosure for complete account terms, fees, and restrictions.
Competitive APY. These accounts are only available online.
Earn 3.75% APY* on Daily Balances when you Maintain an Advantage Checking Account. Earn 3.25% APY* without an Advantage Checking Account.
Qualifications Required: eStatements enrollment; one withdrawal per month limit; Balance: $0.01 - $25,000.00; Earn 3.75% APY on average daily balances up to $25,000. Earn 0.05% APY on the average daily balances exceeding $25,000. This account requires enrollment in eStatements and is limited to one withdrawal per month. If more than one withdrawal is completed in a month or you are not enrolled in eStatements, you will earn 0.05% APY on the entire balance. If requirements are not met as of the last day of the month, the reduced rate will apply beginning the following month. Limit one (1) High-Yield Savings account per member. Dividends compound monthly.
- 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+
Balance: next $150,000; Member must maintain at least $50,000 in the account to earn dividends on this account.
Balance: Up to $25,000
Qualifications Required: Active Truliant checking account with $500+ in monthly deposits from sources outside Truliant; Primary account ownership of both the checking and savings accounts; 10+ withdrawals per month, including debit card purchases, bill payments, automatic transfers-even loan payments count; Premium Rate 3.400% APY : To receive the premium interest rate an active checking account that meets monthly minimums of $500 in deposits and 10 withdrawals is required. The premium rate will be applied at the end of each month on balances up to $25,000. Non-Premium Rate 1.00% APY : Interest rate will decrease for balances above $25,000. Base Rate 0.10% APY : Interest rate applied if checking activity doesn't qualify. External deposits include : ACH (Direct Deposit), mobile & ATM deposits, checks deposited from a non-Truliant account, in-coming wire transfers. Withdrawals include : Debit card purchases (Point of Sale), checks, ATM, ACH, out-going wire transfers, withdrawal from a Truliant account to make a payment on a Truliant loan. Excluded transactions : internal transfers between Truliant deposit accounts and loan proceeds being deposited into your account from a Truliant loan. Earn the max rate your first two cycles - plenty of time to meet the easy checking qualifications. Balance: $0.01 - $25,000.00
- Oct 2, 20263.40%▲ from 3.20%
- Sep 18, 20263.20%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
Balance: $5.00 to $19,999
- Oct 1, 20263.30%▲ from 3.04%
- Sep 14, 20263.04%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: $10,000+; Qualifications Required: based on qualifying criteria**; Average daily balance
APY (Annual Percentage Yield) is variable and effective 10/6/2026.
- Oct 2, 20263.10%▲ from 3.00%
- Sep 18, 20263.00%first recorded
Balance: $1+; RELATIONSHIP: 3.10% APY
- Oct 2, 20263.10%▲ from 3.00%
- Sep 24, 20263.00%first recorded
Balance: $250,000+
On balances of $25,000+
Qualifications Required: Have an open Movement Rewards Checking Account; Minimum daily balance of $15,000 in the Movement Rewards Savings account; Digital statements must be activated; High interest rate on balances up to $50,000* if the following requirements are met each monthly statement cycle (ending the last business day of the month): Have an open Movement Rewards Checking Account or Minimum daily balance of $15,000 in the Movement Rewards Savings account. Digital statements must be activated. If you do not meet the qualifications listed above during the monthly statement cycle, the entire balance of the account will earn 0.25% APY.*
- Sep 19, 20263.05%▲ from 0.25%
- Sep 7, 20260.25%first recorded
Balance: $15,000+***; APY* is 3.04%
- Oct 5, 20263.04%▲ from 2.79%
- Sep 14, 20262.79%first recorded
Balance: $15,000+***; APY* includes a 0.04% bonus for meeting qualifications.
- Oct 5, 20263.04%▲ from 2.79%
- Sep 14, 20262.79%first recorded
Balance: $0.01 - $100,000.99
Qualifying balance up to $75,000.00; 3.00% to 1.34% APY* on balances above $75,000
Qualifications Required: 12 qualifying debit card purchases; be enrolled in and agree to receive eStatements; and be enrolled in and log into Online Banking
Balance: up to $10,000
Balance: up to $1,499
Balance: Up to $1,000
Balance: $100,000 and over
Balance: $500.01-1,999.99
Balances over $1,000.00 and above will receive APY of 0.20%. Available to members up through age 21.
- Oct 5, 20263.00%▼ from 3.00%
- Sep 14, 20263.00%first recorded
2.80% APY for balances of $0.01 - $4,999.99; 2.80% APY for balances of $5,000 or more.
Balance: $0.01 and Greater
Balance: up to $10,000
Balance: $10,000 - $99,999
Balance Tiers: $0 - $49,999.99 | 2.20% APY; $50,000 + | 2.70% APY
Balance: $5 minimum balance to open
Balance: $100,000 - $249,999
APY as much as 2.55 %
Bonus Savings account promotional rate of 2.50% APY is effective as of 1/31/24. Dividends are paid quarterly. Rate is subject to change. Annual Percentage Yield (APY). Bonus Savings account is available for new and existing members of Chartway Credit Union. To qualify for the offer, Bonus Savings account must be funded completely with new money. New money is defined as funds not currently on deposit with Chartway Credit Union. Funds transferred from IRA accounts are not eligible for this product. Fees could reduce earnings on the account (applies only to maintenance or activity fees). Chartway senior leadership positions (Vice President and above), Board of Directors, and volunteers are not eligible for this product.
Balance: $50,000 - $99,999.99
Balance: $0-100,000
Balance: $0 - $9,999
Balance: $1 - $99,999
Balance: $100,000+
Co-owned with parent or guardian Complimentary Kids Savings stackable money bank and passbook at new account opening
Visit or Call
- Sep 27, 20261.93%▲ from 1.68%
- Sep 24, 20261.68%first recorded
Visit or Call
- Sep 27, 20261.93%▲ from 1.68%
- Sep 24, 20261.68%first recorded
Balance: $50,000.00
Balance: $0.00 - $50,000.00
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.
Hillsboro, VA Savings Rate Trends
Compare local Hillsboro, VA 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 fell 0.012 points over the past 7 days to 2.230% APY, down from 2.242%.
Virginia standard savings rates fell 0.004 points over the past 7 days to 0.546% APY, down from 0.550%.
Hillsboro, 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 2.230% 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 Hillsboro, Virginia.
Savings Account Earnings in Hillsboro, 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 (2.230% APY) | Monthly Earnings | Standard Savings (0.546% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $111.50 / year | $9.29 | $27.30 / year | $2.28 |
| $10,000 | $223.00 / year | $18.58 | $54.60 / year | $4.55 |
| $25,000 | $557.50 / year | $46.46 | $136.50 / year | $11.38 |
| $50,000 | $1,115.00 / year | $92.92 | $273.00 / year | $22.75 |
| 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: Hillsboro, Virginia savings rate averages as of October 12, 2026. | ||||
About Our Hillsboro, Virginia Savings Rate Database
MonitorBankRates tracks savings rate offers from 44 banks and credit unions available to Hillsboro, Virginia residents via statewide and national offers. No branch locations physically in Hillsboro are currently in our database, but all listed offers are open to Hillsboro 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 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: Topside Federal Credit Union offers a savings account at 8.00% APY. Use the rate table above to compare all current offers in Hillsboro, Virginia.
How to Find the Best Savings Rates in Hillsboro, Virginia
What to compare when shopping for a savings account in Hillsboro, Virginia
To find the best savings APYs in Hillsboro, Virginia, start with credit unions and online-only banks: Hillsboro, 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 2.230% but top local institutions are offering as high as 8.00%, 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. Hillsboro, Virginia high-yield savings rates currently average 2.230% 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 Hillsboro, Virginia institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 44 institutions in Hillsboro, 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 Hillsboro, Virginia CD rates
- You want check-writing flexibility Hillsboro, Virginia money market rates
- You need daily transaction access Hillsboro, 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 savings average of 2.230%, saving 10% of the local median salary ($5,112/year) would earn an additional $114 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Hillsboro, Virginia Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Hillsboro, Virginia.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current VA Avg APY | 2.230% | 0.546% | 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 Hillsboro, Virginia averages tracked in our database as of October 12, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Hillsboro, Virginia
At VA’s top rate of 8.00% from Topside Federal Credit Union, a $10,000 deposit earns $800 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Hillsboro, Virginia earner is roughly $12,800. At 2.230% 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 2.230% 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 Hillsboro, Virginia earner makes $51,121/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.230% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.230% APY grows to roughly $38,860 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 Hillsboro, 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 Hillsboro, 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 Hillsboro, 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 Hillsboro, Virginia
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Hillsboro, Virginia safe?
How often do savings rates change in Hillsboro, 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 Hillsboro, Virginia?
How do I open a savings account in Hillsboro, Virginia?
Best Savings Rates in Hillsboro, Virginia
- Topside Federal Credit Union
Military ID Savings: 8.00% APY - 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
Hillsboro, Virginia Rates & Resources
