Newport News, Virginia Savings Rates for October 2026
Brian McKay
Brian McKay
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Newport News, Virginia savings account rates range from 0.01% to 6.00% APY, verified by MonitorBankRates as of October 31, 2026. The best savings rates for Newport News, Virginia and the surrounding area include BayPort Credit UnionBayPort Credit Union3711 Huntington Ave, Newport News, VA 23607A+5.0 ★Texas Ratio: 4.37%Real return: +1.30%APY minus 3.7% CPIRate verified Oct 29, 2026 Fast Start Savings at 5.00% APY, Langley Federal Credit UnionLangley Federal Credit Union721 Lakefront Cmns, Newport News, VA 23606A5.0 ★Texas Ratio: 10.20%Real return: +0.05%APY minus 3.7% CPIRate verified Oct 31, 2026 High-Yield Savings at 3.75% APY, Atlantic Union BankAtlantic Union Bank603 Pilot House Dr, Newport News, VA 23606A+5.0 ★Texas Ratio: 2.51%Real return: -0.20%APY minus 3.7% CPIRate verified Oct 31, 2026 High Yield Savings at 3.50% APY, Wells FargoWells Fargo441 Denbigh Blvd, Newport News, VA 23608A+5.0 ★Texas Ratio: 5.36%Real return: -0.45%APY minus 3.7% CPIRate verified Oct 31, 2026 Platinum Savings - New Savings Customers at 3.25% APY, and Navy Federal Credit UnionNavy Federal Credit Union12828 Jefferson Ave, Newport News, VA 23608A5.0 ★Texas Ratio: 8.14%Real return: -1.55%APY minus 3.7% CPIRate verified Oct 31, 2026 Jumbo Money Market Savings Account (MMSA) at 2.15% APY.
Newport News has 57 local institutions in our database, with savings rates as high as 5.00% APY from BayPort Credit Union at 3711 Huntington Ave, Newport News, VA 23607. Use the table below to compare all available offers, including options from institutions serving the broader Virginia area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Newport News, Virginia and the surrounding area. Last Updated and Verified: October 31, 2026
Compare the Best Savings Rates in Newport News, Virginia & Surrounding Communities
Balance: $0.00 - $500.00; Must be under 25 years of age; minimum monthly deposits of at least $10 required to earn dividend rate/APY
Qualifications Required; Balance: Up to $25,000; Tiered Rate account; limit one withdrawal per month; dividends compound monthly
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California counties only; Balance: $25,000 or more; Rate is variable; requires deposit and maintenance of $25,000 or more in new Platinum Savings within 30 days; new savings customers only
Balance: $500.01 - $1,999.99; Must be under 25 years of age; minimum monthly deposits of at least $10 required to earn dividend rate/APY
Balance: $1,000,000 and over; Savings & IRA
Published rate range: up to 1.982%. Qualifying balance up to $50,000.00 (0.05% APY on balances over $50,000); Compounded/Credited: Monthly; Min. to Earn APY: $100; Limit one High-Yield Savings account per member
Published rate range: up to 1.982%. Qualifying balance up to $50,000.00; 0.05% APY on balances over $50,000; Compounded monthly; Limit one High-Yield Savings account per member; Average Daily Balance required to earn dividends: $100
- Oct 23, 20261.98%▼ from 2.00%
- Oct 15, 20262.00%▲ from 1.98%
- Sep 25, 20261.98%first recorded
Balance: $500,000 - $999,999; Savings & IRA
Balance: $250,000 - $499,999; Savings & IRA
Balance: $100,000 - $249,999; Savings & IRA
Balance: $50,000 and over; Savings, IRA & ESA; Compounded and credited monthly; must maintain a minimum daily balance of $2,500 to earn dividends
Balance: $25,000 - $49,999; Savings, IRA & ESA; Compounded and credited monthly; must maintain a minimum daily balance of $2,500 to earn dividends
Balance: $10,000 - $24,999; Savings, IRA & ESA; Compounded and credited monthly; must maintain a minimum daily balance of $2,500 to earn dividends
Balance: $2,500 - $9,999; Savings, IRA & ESA; Compounded and credited monthly; must maintain a minimum daily balance of $2,500 to earn dividends
Balance: $10,000.00 and over; a daily collected balance of $10,000 must be maintained to obtain the yield; Monthly minimum balance fee $3.00 if balance falls below $200 any day of the statement period; Interest compounded and credited quarterly
Over $10,000; Balance: $10,000 and over; Transaction limits: Limited
Over $10,000; Balance Required to Earn APY: $10,000; Transaction Limits: Limited
- Oct 20, 20260.30%▼ from 0.35%
- Sep 14, 20260.35%first recorded
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Compounded & Credited: Monthly
Balance: $0 - $99,999; Savings & IRA
Compounded & Credited: Monthly; Fees may reduce earnings
Balance: $100.00 and over
Balance: $0.00 - $9,999.99; Tiered rate: 0.20% if daily collected balance is less than $10,000; Monthly minimum balance fee $3.00 if balance falls below $200 any day of the statement period; Interest compounded and credited quarterly
Under $10,000; Balance: $0.01 - $9,999.99; Transaction limits: Limited
Balance: $25,000+
Balance: $2,000.00 and over; Must be under 25 years of age; minimum monthly deposits of at least $10 required to earn dividend rate/APY
Balance: $2,000.00 and over
Balance: $10,000 - $24,999.99
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Balance: $14,999.01 +
California counties only; Balance: $0 or more; When linked to Premier Checking or Checking
CA Bay Area counties only; Balance: $0 or more
Under $10,000; Balance Required to Earn APY: $0.01; Transaction Limits: Limited
- Oct 20, 20260.05%▼ from 0.20%
- Sep 14, 20260.20%first recorded
Balance: $4,999.01 - $14,999
Balance: $0.00 - $9,999.99
Balance: Greater than $25,000
Minimum to Earn APY: $100
Compounded quarterly; Average Daily Balance required to earn dividends: $100
Compounded quarterly; Average Daily Balance required to earn dividends: $100
Compounded/Credited: Quarterly/Quarterly; Min. to Earn APY: $100
Balance: $100.00 - $1,999.99
Balance: $999.01 - $4,999
California counties only; Balance: $0 or more; When linked to Prime Checking or Checking
Balance: $100 - $999
California counties only; Balance: $0 or more; Avoid $12 monthly service fee with $3,500 minimum daily balance
- Sep 27, 20260.01%▼ from 0.02%
- Sep 18, 20260.02%first recorded
California counties only; Balance: $0 or more; $25 minimum opening deposit
Balance: $1.00 - $499.99
Balance: $0-$4,999.99; Monthly Maintenance Fee $5
Balance: $0 - $2,499; Savings, IRA & ESA; Compounded and credited monthly; must maintain a minimum daily balance of $2,500 to earn dividends
Balance: $0.00 - $99.99
Rates effective: March 1, 2025; Compounded/Credited: Quarterly; Minimum Avg. Daily Balance to Earn APY
Rates effective: March 1, 2025; Compounded/Credited: Quarterly; Minimum Avg. Daily Balance to Earn APY
Rates effective: March 1, 2025; Compounded/Credited: Quarterly; Minimum Avg. Daily Balance to Earn APY
Balance: minimum average daily balance to earn APY $200.00; Compounded/Credited: Quarterly; Rates effective: March 1, 2025
Balance: $0.01 - $1,000.00; Must be 17 years old or younger to open with a parent or legal guardian; balance transfers to a Primary Savings Account after 18th birthday
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; balance transfers to a Primary Savings Account after 18th birthday
up to $19999; Balance: up to $19,999.00; Compounded: Monthly
Qualifying balance up to $5,000.00; Online Only
Balance: $1,000 and under; Primary Account holder must be 17 years of age or younger; Rate applies to balances up to $1,000; any amount over $1,000 earns the current Share Savings rate
Balance: Up to $1,000.00; Youth savings account for kids under 18
Citigold Private Client Relationship Tier (Combined Average Monthly Balance of $1,000,000+); Balance: All balance ranges
Savings Accounts
- Sep 27, 20264.00%▲ from 3.70%
- Sep 24, 20263.70%first recorded
Balance tier: $.01
Requires Advantage Checking Account; Earn 3.75% APY on daily balances
Balance: $5,000 and over
- Oct 14, 20263.75%▲ from 0.25%
- Sep 24, 20260.25%first recorded
Balance: $250,000+
Without Advantage Checking Account; Earn 3.25% APY on daily balances
- Oct 31, 20263.25%▼ from 3.75%
- Sep 18, 20263.75%first recorded
APY is variable and effective 10/30/2026; no fees; no minimum balance required to maintain account; interest accrues daily and compounds monthly
- Oct 31, 20263.20%▲ from 3.10%
- Sep 27, 20263.10%first recorded
Balance: $1 or more; Relationship APY when HSBC Premier relationship requirements are met; Not available to business customers
- Oct 31, 20263.20%▲ from 3.10%
- Oct 14, 20263.10%first recorded
Balance: $250,000 and over; Tiered rates, rate paid on entire balance; Available for personal consumer accounts only
Qualifications Required; Balance up to $50,000; Open account with as little as $100; One account per customer; No minimum balance required; No NSF fees; If qualifications not met, the entire balance earns 0.25% APY (not extracted)
- Sep 19, 20263.05%▲ from 0.25%
- Sep 7, 20260.25%first recorded
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.
Newport News, VA Savings Rate Trends
Compare local Newport News, 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 rose 0.054 points over the past 7 days to 2.458% APY, up from 2.404%.
Virginia standard savings rates fell 0.028 points over the past 7 days to 0.489% APY, down from 0.517%.
Newport News, 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 2.458% 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 Newport News, Virginia.
Savings Account Earnings in Newport News, 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 (2.458% APY) | Monthly Earnings | Standard Savings (0.489% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $122.90 / year | $10.24 | $24.47 / year | $2.04 |
| $10,000 | $245.79 / year | $20.48 | $48.94 / year | $4.08 |
| $25,000 | $614.48 / year | $51.21 | $122.35 / year | $10.20 |
| $50,000 | $1,228.95 / year | $102.41 | $244.70 / year | $20.39 |
| 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: Newport News, Virginia savings rate averages as of October 31, 2026. | ||||
About Our Newport News, Virginia Savings Rate Database
MonitorBankRates found 11 institutions with branches in Newport News (6 banks, 5 credit unions), plus 15 additional state-chartered and national online institutions available to Newport News residents. 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: BayPort Credit Union offers a savings account at 5.00% APY with a minimum deposit of $5. Use the rate table above to compare all current offers in Newport News, Virginia.
How to Find the Best Savings Rates in Newport News, Virginia
What to compare when shopping for a savings account in Newport News, Virginia
To find the best savings APYs in Newport News, Virginia, start with credit unions and online-only banks: Newport News, Virginia has 10 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 2.458% but top local institutions are offering as high as 5.00%, 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. Newport News, Virginia high-yield savings rates currently average 2.458% 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 Newport News, Virginia institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 26 institutions in Newport News, 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 Newport News, Virginia CD rates
- You want check-writing flexibility Newport News, Virginia money market rates
- You need daily transaction access Newport News, Virginia checking rates
Newport News, Virginia Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
14.1% of residents are 65 or older, below the national average of 17.3%. At today’s VA high-yield savings average of 2.458%, saving 10% of the local median salary ($4,117/year) would earn an additional $101 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Newport News, Virginia Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Newport News, Virginia.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current VA Avg APY | 2.458% | 0.489% | 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 Newport News, Virginia averages tracked in our database as of October 31, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Newport News, Virginia
At VA’s top rate of 5.00% from BayPort Credit Union, a $10,000 deposit earns $500 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Newport News, Virginia earner is roughly $10,300. At 2.458% APY, saving $860/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 2.458% 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 Newport News, Virginia earner makes $41,173/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.458% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.458% APY grows to roughly $40,630 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 Newport News, 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 Newport News, 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 Newport News, 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 Newport News, Virginia
What are savings account rates in Newport News, Virginia today?
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Newport News, Virginia safe?
How often do savings rates change in Newport News, 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 Newport News, Virginia?
How do I open a savings account in Newport News, Virginia?
Best Savings Rates in Newport News, Virginia
- BayPort Credit Union
Fast Start Savings: 5.00% APY - Langley Federal Credit Union
High-Yield Savings: 3.75% APY - Atlantic Union Bank
High Yield Savings: 3.50% APY - Wells Fargo
Platinum Savings - New Savings Customers: 3.25% APY - Navy Federal Credit Union
Jumbo Money Market Savings Account (MMSA): 2.15% APY
Newport News, Virginia Rates & Resources
