Virginia Money Market Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Virginia money market account rates range from 2.07% to 4.02% APY, verified by MonitorBankRates as of October 13, 2026. Current Virginia money market deposit account rates include University of Virginia Community Credit UnionUniversity of Virginia Community Credit Union1018 W Main St, Charlottesville, VA 22903 2820A+5.0 ★Texas Ratio: 3.38%Real return: +1.22%APY minus 2.8% CPI (February 2026) MaxSaver Money Market Accounts (Savings, IRA, Coverdale ESA Accounts) at 4.02% APY, Chartway Credit UnionChartway Credit Union5700 Cleveland St, Virginia Beach, VA 23462 1752A5.0 ★Texas Ratio: 10.30%Real return: +1.20%APY minus 2.8% CPI (February 2026) Money Market Plus at 4.00% APY, Apple Federal Credit UnionApple Federal Credit Union14260J Centreville Sq, Centreville, VA 20121A+5.0 ★Texas Ratio: 2.85%Real return: +1.20%APY minus 2.8% CPI (February 2026) Commercial Money Market at 4.00% APY, 1st Advantage Federal Credit Union1st Advantage Federal Credit Union224 Commons Way, Williamsburg, VA 23185A+5.0 ★Texas Ratio: 1.89%Real return: +1.20%APY minus 2.8% CPI (February 2026) Business Performance Plus Money Market at 4.00% 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: +1.20%APY minus 2.8% CPI (February 2026) Indexed money market at 4.00% APY. Money market rates as of October 13, 2026 according to verified data from MonitorBankRates.
Use the tables below to compare money market rates across Virginia side-by-side. Virginia money market rates currently reach as high as 4.02% APY from University of Virginia Community Credit Union at 1018 W Main St, Charlottesville, VA 22903 2820. Rates are continually updated, so we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Virginia and surrounding area. Last Updated and Verified: October 13, 2026
Compare the Best Money Market Rates Today in Virginia
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
Qualifications Required: Average daily balance (ADB) of $10,000 or more in the Money Market Plus account during the calendar month; maintain any personal or business checking account under the same member number; Balance: $1,000,000 +; APY=Annual Percentage Yield. Rates displayed include a 0.25% APY Relationship Bonus. To earn the Money Market Plus Relationship Bonus Rate, you must maintain any personal or business checking account and an average daily balance (ADB) of $10,000 or more in the Money Market Plus account during the calendar month. Both the checking account and the Money Market Plus account must be under the same member number. The monthly qualification cycle is defined as the period beginning on the first calendar day of the month and ending on the last calendar day of the month. Fees may reduce earnings on the account. Certain conditions and restrictions may apply. Rates are subject to change without notice. Please refer to the Membership Agreement and Disclosures for terms and conditions applicable to specific accounts.
Balance: $1,000,000 and over
No monthly maintenance fees or ongoing balance requirements. No minimum withdrawal requirements. Make deposits in any amount at any time. Dividends are compounded daily and paid monthly.
Balance: $1,000,000 and up; Average Daily Balance required to earn dividends
Balance: $1,000,000 and Up
Balance: $50 to $2,500; Open with $25; minimum balance of $50 to earn the APY
- Oct 4, 20264.00%▲ from 3.75%
- Sep 14, 20263.75%first recorded
Published APY range: 4.0000% - 3.3848%. Balance: $2,000.01- $5,000; Compounding: Monthly; Blended APY range on balances up to $1 million in this tier; Effective 9/01/2026
- Oct 13, 20264.00%▲ from 2.96%
- Oct 9, 20262.96%first recorded
Published APY range: 4.0000% - 3.3848%. Balance: $2,000.01- $5,000; Compounding: Monthly; Blended APY range on balances up to $1 million in this tier; Effective 9/1/2026
- Oct 13, 20264.00%▲ from 2.96%
- Oct 9, 20262.96%▼ from 3.39%
- Sep 22, 20263.39%▲ from 2.96%
- Sep 18, 20262.96%▼ from 4.00%
Published APY range: 4.000% - 3.3848%. Balance: $2,000.01 - $5,000; Compounding: Monthly; Blended APY range
Balance: $500,000.00 & Greater; Limited Time Offer; Tier 6; New accounts only for members without an open consumer or business money market in past 90 days; cannot be funded with existing Beacon deposit money; Dividends compounded monthly
Balance: $500,000.00 and over; Limited Time Offer; Dividends Compounded: Monthly
Balance: $250,000.00 and up; Dividends compounded monthly; Dividends credited monthly; Minimum balance to receive dividend $100.00; Balance method: Daily balance
Qualifications Required: Average daily balance (ADB) of $10,000 or more in the Money Market Plus account during the calendar month; maintain any personal or business checking account under the same member number; Balance: $500,000 - $999,999; APY=Annual Percentage Yield. Rates displayed include a 0.25% APY Relationship Bonus. To earn the Money Market Plus Relationship Bonus Rate, you must maintain any personal or business checking account and an average daily balance (ADB) of $10,000 or more in the Money Market Plus account during the calendar month. Both the checking account and the Money Market Plus account must be under the same member number. The monthly qualification cycle is defined as the period beginning on the first calendar day of the month and ending on the last calendar day of the month. Fees may reduce earnings on the account. Certain conditions and restrictions may apply. Rates are subject to change without notice. Please refer to the Membership Agreement and Disclosures for terms and conditions applicable to specific accounts.
Balance: $200,000.00+
Balance: $100,000 & above; New money only; Minimum opening new money deposit is $100,000
- Oct 9, 20263.75%▲ from 1.51%
- Oct 5, 20261.51%first recorded
Balance: $1,000,000+
Balance: $100,000 and Greater
- Oct 2, 20263.56%▲ from 3.56%
- Sep 27, 20263.56%▲ from 3.30%
- Sep 18, 20263.30%first recorded
Balance: $25,000 and Greater
- Oct 2, 20263.56%▲ from 3.56%
- Sep 27, 20263.56%▲ from 3.30%
- Sep 18, 20263.30%first recorded
eMoney Market interest rates and APYs are variable, based on account balances, and subject to change daily without notice. eMoney Market Special rate is for new accounts opened today.
On Balances Between $25,000 and $500,000; Earn 1.50% APY* on Higher Balances; Earn 0.10% APY* on Average Daily Balances under $25,000
- Oct 7, 20263.50%▲ from 1.50%
- Sep 27, 20261.50%first recorded
On Balances Between $25,000 and $250,000. Earn 1.50% APY* on Higher Balances Earn 0.10% APY* on Average Daily Balances under $25,000.
Preferred rates; New money is required to qualify for preferred rates.
Preferred rates; New money required to qualify for preferred rates.
Balance: $500,000 to $999,999
Balance: over $5,000.00; $10 fee applies monthly if balance falls below stated minimum
Balance: $500,000 - $999,999.99; Premier Checking required to open the Premier Money Market
Balance: $1,000,000 and above
For qualified members only; Balance: over $500,000
Balance: $100,000 and over; New money only; Minimum opening new money deposit is $100,000; Money Market Account interest is compounded daily and paid monthly
- Oct 13, 20263.50%▼ from 3.75%
- Oct 9, 20263.75%▲ from 1.51%
- Oct 5, 20261.51%first recorded
Balance: $100,000.00 - $499,999.99; Limited Time Offer; Tier 5; New accounts only for members without an open consumer or business money market in past 90 days; cannot be funded with existing Beacon deposit money; Dividends compounded monthly
Balance: $100,000.00 - $499,999.99; Limited Time Offer; Dividends Compounded: Monthly
Balance: $15,000+; Intro rate
- Oct 10, 20263.50%▲ from 1.25%
- Sep 14, 20261.25%first recorded
Balance: $250,000 and over
- Sep 27, 20263.45%▲ from 3.25%
- Sep 15, 20263.25%first recorded
Balance: $500,000.00 - or more
Balance: $250,000.00 - $499,999.99
Published APY range: 3.3848% - 2.6863%. Balance: $5,000.01- $10,000; Compounding: Monthly; Blended APY range on balances up to $1 million in this tier; Effective 9/01/2026
- Oct 13, 20263.38%▲ from 1.98%
- Oct 9, 20261.98%▼ from 3.39%
- Sep 14, 20263.39%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: $240,000 and over; Tier 3; Indexed to 90-day U.S. Treasury bill
Balance: $150,000.00 - $249,999.99
Balance: $100,000.00 - $149,999.99
- Sep 27, 20263.25%▲ from 3.00%
- Sep 18, 20263.00%first recorded
Balance: $250,000+
- Sep 27, 20263.25%▲ from 3.00%
- Sep 24, 20263.00%first recorded
Balance: $500,000 - $999,999.99; Average Daily Balance required to earn dividends
Balance: $500,000.00 - $999,999.99
Balance: $100,000 - $249,999.99; Premier Checking required to open the Premier Money Market
Balance: $150,000+
Balance: $50,000.00 - $99,999.99
Balance: $25,000+
- Oct 13, 20263.25%▲ from 3.10%
- Sep 14, 20263.10%first recorded
Balance: $1,500,000.00+; Balance Requirement to Avoid Service Charges: Daily average $1,000
Balance: $25,000.00 - $49,999.99
Balance: $250,000.00 and Greater
Balance: $100,000 - $249,999.99
- Sep 27, 20263.20%▲ from 3.00%
- Sep 15, 20263.00%first recorded
Balance: $100,000+
- Sep 27, 20263.20%▲ from 3.00%
- Sep 15, 20263.00%first recorded
Balance: $0.00 - or more
Balance: $25,000.00 - $49,999.99
Balance: $65,000 - $239,999.99; Tier 2; Indexed to 90-day U.S. Treasury bill
Balance: $5,000,000.00 and Greater
Balance: $50,000.00 - $249,999.99
Annual Percentage Yield (APY). FDIC-insured up to the maximum allowed by law.
Balance: $200,000+
Balance: $50,000 and over; Dividend rate based on U.S. Prime Rate as published in the Wall Street Journal, minus 4.00%
- Oct 5, 20263.04%▲ from 2.79%
- Sep 14, 20262.79%first recorded
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
Balance: $3,000,000.00 - $4,999,999.99
Balance: $1,000,000.00 & Above
- Sep 24, 20262.81%▲ from 2.66%
- Sep 14, 20262.66%first recorded
Balance Tiers: $0 - $9,999.99 | 0.05% APY; $10,000 - $99,999.99 | 2.60% APY; $100,000 + | 2.80% APY
Balance: $125,000.00 - $199,999.99
Balance: $750,000-$1,499,999.99; Balance Requirement to Avoid Service Charges: Daily average $1,000
Balance: $250,000.00-$749,999.99; Balance Requirement to Avoid Service Charges: Daily average $1,000
Balance: $1,000,000.00 - $2,999,999.99
Balance: $500,000.00 - $999,999.99
- Sep 24, 20262.61%▲ from 2.46%
- Sep 14, 20262.46%first recorded
Balance Tiers: $0 - $9,999.99 | 0.05% APY; $10,000 - $99,999.99 | 2.60% APY; $100,000 + | 2.80% APY
Balance: $100,000 - $249,999.99; Balance Requirement to Avoid Service Charges: Daily average $1,000
Balance: $1,000.00-$99,999.99; Balance Requirement to Avoid Service Charges: Daily average $1,000
Balance: $1,500,000 and up
Balance: $500,000.00 and up; Visit or Call
Balance: $250,000.00 - $499,999.99
- Sep 24, 20262.43%▲ from 2.28%
- Sep 14, 20262.28%first recorded
Balance: $500,000.00 - $999,999.99
Balance: $250,000.00 - $499,999.99; Visit or Call
Balance: $0.00 - $24,999.99
Balance: $0.00 - $249,999.99; Visit or Call
Balance: $25,000.00 - $249,999.99
- Sep 24, 20262.15%▲ from 2.05%
- Sep 14, 20262.05%first recorded
Balance: $250,000.00 - $499,999.99
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.
Virginia Money Market Rate Trends
Compare local Virginia 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 fell 0.022 points over the past 7 days to 3.053% APY.
Virginia standard MMA rates fell 0.014 points over the past 7 days to 0.744% APY.
Virginia Money Market Rate Forecast, Next 12 Months
Money market rates move with Federal Reserve policy. Our model uses the current VA high-yield MMA average and a Fed funds spread to project the likely rate trajectory for 2026 to 2027.
Money market 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 money market average of 3.053% 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 money market rates tend to adjust faster than standard branch-based accounts.
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.
Money Market Account Earnings in Virginia
Annual interest earnings at current VA average APYs, based on the high-yield and standard money market averages tracked in our database. Balances reflect the higher minimums typical of money market accounts. Compounding assumed monthly.
| Balance | HY Money Market (3.053% APY) | Monthly Earnings | Standard MMA (0.744% APY) | Monthly Earnings |
|---|---|---|---|---|
| $10,000 | $305.30 / year | $25.44 | $74.37 / year | $6.20 |
| $25,000 | $763.25 / year | $63.60 | $185.93 / year | $15.49 |
| $50,000 | $1,526.50 / year | $127.21 | $371.85 / year | $30.99 |
| $100,000 | $3,053.00 / year | $254.42 | $743.70 / year | $61.98 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, rate tier, and daily balance maintained. Rates are variable and subject to change. Source: Virginia money market rate averages as of October 13, 2026. | ||||
About Our Virginia Money Market Rate Database
MonitorBankRates tracks 48 money market rates from 14 banks and 34 credit unions offering money market deposit 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: University of Virginia Community Credit Union offers a money market account at 4.02% APY with a minimum deposit of $5. Use the rate table above to compare all current offers in Virginia.
How to Find the Best Money Market Rates in Virginia
What to compare when shopping for a money market account in Virginia
To find the best money market APYs in Virginia, start with credit unions and online-only banks: Virginia has 34 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, and pay close attention to balance tiers. Many money market accounts only pay their advertised top rate above a minimum balance of $1,000 to $25,000, with lower rates (or monthly fees) below that threshold. The current VA high-yield money market average is 3.053% but top local institutions are offering as high as 4.02%, so shopping around pays off.
Unlike a CD, money market rates are variable. Your rate can change at any time with Federal Reserve policy. Also check check-writing and debit card limits: most MMAs allow a set number of withdrawals per month, and exceeding the limit can trigger fees. Review your account periodically to ensure your APY remains competitive.
When a Money Market Account Makes Sense
- Emergency fund with flexibility: You get savings-level yields plus limited check-writing and debit access. Virginia high-yield money market rates currently average 3.053% APY, far above a typical checking account.
- Larger balances ($10,000+): Many MMAs pay tiered rates that rise with your balance, so bigger deposits often earn more than they would in a standard savings account.
- Parking cash between investments: A high-yield money market account at Virginia institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 48 institutions in Virginia report money market 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 don’t need check writing and want a lower minimum Virginia savings 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 money market average of 3.053%, saving 10% of the local median salary ($5,112/year) would earn an additional $156 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other Virginia Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in Virginia.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current VA Avg APY | 3.053% | View Savings Rates | 0.744%(Standard MMA) | 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 | ✓ Often yes | ✗ No | ✗ No | ✗ No |
| Debit / ATM Card | ✓ Often yes | Some institutions | ✗ Rarely | ✗ No |
| Typical Min Deposit | $0 to $2,500 | $0 to $100 | $25 to $100 | $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 | Active savers wanting flexibility + check writing | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Locking in a rate for a defined period |
APY data reflects Virginia averages tracked in our database as of October 13, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Virginia Money Market Account Calculator
See how much a money market account can earn you. Enter your deposit, monthly contribution, and time frame, or click any current Virginia rate on the right to apply it instantly. Interest compounds monthly.
Assumes monthly compounding and a constant APY for the full period. Money market rates are variable and can change at any time, so actual earnings will differ. Estimates are for informational purposes only.
Money Market & Savings Calculators for Virginia
At VA’s top money market rate of 4.02% from University of Virginia Community Credit Union, a $10,000 deposit earns $402 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 3.053% APY in a money market account, saving $1,070/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. Liquid Deposit AccountVirginia’s high-yield money market average is 3.053% APY, variable, always accessible, and often with check-writing. 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 3.053% APY.
Retirement PlannerA $25,000 money market balance earning 3.053% APY grows to roughly $45,620 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 money market 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 Money Market Rate Data: We aggregate money market deposit 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 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 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 Virginia
What is a Money Market Account (MMA)?
Are Money Market accounts in Virginia safe?
How often do MMA rates change in Virginia?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Virginia?
Can I lose money in a Money Market Account?
What is the difference between a Money Market Account and a Money Market Fund?
Do I have to pay taxes on money market account interest?
Are online banks better than local banks in Virginia for money market accounts?
Best Money Market Rates in Virginia
- University of Virginia Community Credit Union
MaxSaver Money Market Accounts (Savings, IRA, Coverdale ESA Accounts): 4.02% APY - Chartway Credit Union
Money Market Plus: 4.00% APY - Apple Federal Credit Union
Commercial Money Market: 4.00% APY - 1st Advantage Federal Credit Union
Business Performance Plus Money Market: 4.00% APY - Everence Federal Credit Union
Indexed money market: 4.00% APY
Virginia Rates & Resources
Cities in Virginia
