Best Money Market Rates in Ferrum, Virginia (VA) - May 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Bank & Credit Union Star Ratings
- Finance Calculators
Current Ferrum, Virginia and the surrounding area money market deposit account rates include TruistTruist4505 Timber Line Rd, Ferrum, VA 24088A+5.0 ★Texas Ratio: 3.63% Small Business Money Market Account at 3.40% APY, Carter Bank & TrustCarter Bank & Trust9440 Franklin St, Ferrum, VA 24088F1.0 ★Texas Ratio: 96.15% Premium Money Market Account at 1.67% APY, Marine Federal Credit UnionMarine Federal Credit UnionA5.0 ★Texas Ratio: 8.48% Choice Money Market at 4.07% APY, University of Virginia Community Credit UnionUniversity of Virginia Community Credit UnionA+5.0 ★Texas Ratio: 3.16% MaxSaver Money Market Account at 4.00% APY, and Beacon Credit Union IncorporatedBeacon Credit Union IncorporatedA+5.0 ★Texas Ratio: 1.89% Money Market at 4.00% APY. Money market rates as of May 12, 2026 according to verified data from MonitorBankRates.
Ferrum has 2 local institutions in our database, with money market rates as high as 3.40% APY from Truist at 4505 Timber Line Rd, Ferrum, VA 24088. Use the table below to compare all available offers, including options from institutions serving the broader Virginia area. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Ferrum, Virginia and surrounding area. Last Updated and Verified: May 12, 2026
Compare the Best Money Market Rates Today in Ferrum, Virginia & the Surrounding Area
[Learn More](https://www.marinefederalhb.org/home/site/choicemoneymarket)
LIMITED TIME OFFER; Beacon's Premier Money Market rate is only valid on new accounts for members who have not had an open consumer or business money market within the past 90 days. There is a $100 minimum deposit required to open the account and the account cannot be funded with deposit money that is already in a Beacon deposit account. Dividend applied is based upon the highest tier applicable to your average daily balance when monthly processing occurs. Rates are subject to change.
as high as
Qualifying balance up to $1,000,000.00
Qualifying balance up to $1,000.00
Qualifying balance up to $25,000.00
Qualifying balance up to $25,000.00
minimum new money deposit of $10,000.
LIMITED TIME OFFER; Beacon's Premier Money Market rate is only valid on new accounts for members who have not had an open consumer or business money market within the past 90 days. There is a $100 minimum deposit required to open the account and the account cannot be funded with deposit money that is already in a Beacon deposit account. Dividend applied is based upon the highest tier applicable to your average daily balance when monthly processing occurs. Rates are subject to change.
Qualifying balance up to $999,999.00
New money only
$15,000+
New money only
On Balances Between $25,000 and $250,000.
On balances of $25,000+
Qualifying balance up to $499,999.00
LIMITED TIME OFFER; Beacon's Premier Money Market rate is only valid on new accounts for members who have not had an open consumer or business money market within the past 90 days. There is a $100 minimum deposit required to open the account and the account cannot be funded with deposit money that is already in a Beacon deposit account. Dividend applied is based upon the highest tier applicable to your average daily balance when monthly processing occurs. Rates are subject to change.
$0 to $2,499
$125,000.00
LIMITED TIME OFFER; Beacon's Premier Money Market rate is only valid on new accounts for members who have not had an open consumer or business money market within the past 90 days. There is a $100 minimum deposit required to open the account and the account cannot be funded with deposit money that is already in a Beacon deposit account. Dividend applied is based upon the highest tier applicable to your average daily balance when monthly processing occurs. Rates are subject to change.
As High As
$500,000.00
$250,000.00 - $499,999.99
$0.00 - $249,999.99
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.
Ferrum, VA Money Market Rate Trends
Compare local Ferrum, VA 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 currently average 3.349% APY.
Virginia standard MMA rates currently average 0.800% APY.
Methodology & Data Sources
Direct-Sourced & Verified Money Market Rate Data: We aggregate money market deposit account rates for Ferrum, 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 Ferrum, 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 Ferrum, Virginia
What is a Money Market Account (MMA)?
Are Money Market accounts in Ferrum, Virginia safe?
How often do MMA rates change in Ferrum, Virginia?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Ferrum, Virginia?
Best Money Market Rates in Ferrum, Virginia
- Truist
Small Business Money Market Account — 3.40% APY - Carter Bank & Trust
Premium Money Market Account — 1.67% APY - Marine Federal Credit Union
Choice Money Market — 4.07% APY - University of Virginia Community Credit Union
MaxSaver Money Market Account — 4.00% APY - Beacon Credit Union Incorporated
Money Market — 4.00% APY
