The best savings rates for Richmond, Virginia and the surrounding area include Primis BankPrimis Bank8821 W Broad St, Richmond, VA 23294A+5.0 ★Texas Ratio: 4.80% Primis Business Savings at 4.00% APY, Citizens and Farmers BankCitizens and Farmers Bank8001 W Broad St, Richmond, VA 23294A+5.0 ★Texas Ratio: 0.81% Community Money Market Savings at 3.25% APY, Chesapeake BankChesapeake Bank1900 Lauderdale Dr, Richmond, VA 23238A+5.0 ★Texas Ratio: 2.95% Clear Sky Savings at 2.30% APY, Argent Federal Credit UnionArgent Federal Credit Union400 N 8th St, Richmond, VA 23219A5.0 ★Texas Ratio: 6.24% MMA at 2.00% APY, and 1st Advantage Federal Credit Union1st Advantage Federal Credit Union1204 Broad Rock Blvd, Richmond, VA 23224 4916A+5.0 ★Texas Ratio: 2.79% High-Yield Savings at 2.00% APY. Savings rates as of March 29, 2026 according to verified data from MonitorBankRates.
To see how these savings rates in Richmond, Virginia, and the surrounding area, compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Richmond, Virginia (VA) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Richmond, Virginia and the surrounding area. Last Updated and Verified: March 29, 2026
REFUNDS on [all originating wire fees](https://primisbank.com/limits/#ACH-Limits) other banks charge you to send Primis wires + $10 just because.; Online Only
Limited time offer for non-profit business (defined as 501c3) entities only.
Tier 2
$250,000 - up
Qualifications Required: direct deposit to any 1st Advantage checking account each month; Qualifying balance up to $50,000.00
Qualifications Required: direct deposit to any 1st Advantage checking account each month; Qualifying balance up to $50,000
$100,000 - $249,999
$50,000 - $99,999
$20,000 - $49,999
Qualifying balance up to $49,999.99
$1,000 - $19,999
Tier 1
$14,999.01 +
$4,999.01 - $14,999
$999.01 - $4,999
$100 - $999
Qualifying balance up to $1,000.00
Qualifying balance up to $500.00
Boosted Rate: 3.75% for 6 months ($0+)
Compare local Richmond, VA savings rate quotes against the statewide average
Weekly savings rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Virginia high-yield savings rates rose 0.442 points this week to 0.592% APY, up from 0.150% last week.
Virginia standard savings rates fell 1.206 points this week to 0.303% APY, down from 1.510% last week.
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Richmond, 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 Richmond, 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.