Best Money Market Rates in Richmond, Virginia - June 2026
Brian McKay
Brian McKay
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Current Richmond, Virginia and the surrounding area money market deposit account rates include 1st Advantage Federal Credit Union1st Advantage Federal Credit Union1204 Broad Rock Blvd, Richmond, VA 23224 4916A+5.0 ★Texas Ratio: 2.69% Business Performance Plus Money Market Account at 4.00% APY, Connects Federal Credit UnionConnects Federal Credit Union7700 Shrader Rd, Richmond, VA 23228A5.0 ★Texas Ratio: 7.88% Money Market at 3.81% APY, Fulton BankFulton Bank9030 Stony Point Pkwy, Richmond, VA 23235A+5.0 ★Texas Ratio: 4.98% Money Market New Money at 3.55% APY, TruistTruist919 E Main St, Richmond, VA 23219A+5.0 ★Texas Ratio: 3.63% Small Business Money Market Account at 3.25% APY, and Virginia Credit UnionVirginia Credit Union4001 Lauderdale Dr, Richmond, VA 23233A5.0 ★Texas Ratio: 6.07% Premium Plus Money Market at 2.60% APY. Money market rates as of June 23, 2026 according to verified data from MonitorBankRates.
Richmond has 8 local institutions in our database, with money market rates as high as 4.00% APY from 1st Advantage Federal Credit Union at 1204 Broad Rock Blvd, Richmond, VA 23224 4916. 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 Richmond, Virginia and surrounding area. Last Updated and Verified: June 23, 2026
Compare the Best Money Market Rates Today in Richmond, Virginia & the Surrounding Area
The Money Market Account tier dividend rates and APY as of 6/22/2026 are subject to change daily. Dividends compounded monthly. Fees may reduce earnings. If you have any questions or require current rate information please call the credit union at 757-886-3333.
APY = Annual Percentage Yield. The Performance Plus Money Market Account tier dividend rates and APY as of 6/22/2026 are subject to change daily. Dividends compounded monthly. Fees may reduce earnings. If you have any questions or require current rate information please call the credit union at 757-877-2444.
as high as
Balances $0-$999 earn 0.00% APY; $1,000 -$9,999 earn 0.40% APY; $10,000 or more earn 3.55% APY. Rate may change after account is opened.
A $10,000 deposit of new money is required.
Eligible clients can earn a 3.25% annual percentage yield (APY) with a new Truist Business Money Market account. Rates may vary based on branch location and whether you open an account in a branch, by phone or online. Interest earned is based on the following ledger balance tiers: Tier 1 - $0.01 to $4,999.99; Tier 2 - $5,000 to $99,999.99; Tier 3 - $100,000 to $499,999.99; Tier 4 - $500,000 to $999,999.99; Tier 5 - $1,000,000 to $4,999,999.99; Tier 6 - $5,000,000 or greater. Tiers 1-6 are eligible for this 3.25% Annual Percentage Yield (APY) variable rate offer. Your new Money Market Account could initially earn a rate lower than 3.25% APY. However, within 10 calendar days of account opening, your eligible account will automatically upgrade to the 3.25% APY rate. The standard interest rate and APY are 0.01% for balances $0.01 and greater. Fees may reduce earnings.
APY = Annual Percentage Yield. The Performance Plus Money Market Account tier dividend rates and APY as of 6/22/2026 are subject to change daily. Dividends compounded monthly. Fees may reduce earnings. If you have any questions or require current rate information please call the credit union at 757-877-2444.
The Money Market Account tier dividend rates and APY as of 6/22/2026 are subject to change daily. Dividends compounded monthly. Fees may reduce earnings. If you have any questions or require current rate information please call the credit union at 757-886-3333.
Dividends compounded: Monthly; Dividends credited: Monthly; Dividend period: Monthly; Average daily balance tiers level required for each rate: $100,000 - $249,999.99; Minimum balance to receive dividend: $100.00; Balance method: Daily balance
Rates may change after account is opened.
The Money Market Account tier dividend rates and APY as of 6/22/2026 are subject to change daily. Dividends compounded monthly. Fees may reduce earnings. If you have any questions or require current rate information please call the credit union at 757-886-3333.
APY = Annual Percentage Yield. The Performance Plus Money Market Account tier dividend rates and APY as of 6/22/2026 are subject to change daily. Dividends compounded monthly. Fees may reduce earnings. If you have any questions or require current rate information please call the credit union at 757-877-2444.
APY = Annual Percentage Yield. The Performance Plus Money Market Account tier dividend rates and APY as of 6/22/2026 are subject to change daily. Dividends compounded monthly. Fees may reduce earnings. If you have any questions or require current rate information please call the credit union at 757-877-2444.
Qualifications Required: 10 posted Debit Card transactions (excluding ATM transactions) per month; one or more ACH Direct Deposit transactions posted in each calendar month; Qualified Accounts; APY as of 6/22/2026 and is subject to change. Dividends compounded monthly. No minimum balance to open. Fees may reduce earnings. This offer can be withdrawn at any time. Limit of one Member Rewards Money Market per qualified member number.
The Money Market Account tier dividend rates and APY as of 6/22/2026 are subject to change daily. Dividends compounded monthly. Fees may reduce earnings. If you have any questions or require current rate information please call the credit union at 757-886-3333.
MMA ($250,000 - up)
Dividends compounded: Monthly; Dividends credited: Monthly; Dividend period: Monthly; Minimum balance to receive dividend: $100.00; Balance method: Daily balance
Average Daily Balance required to earn dividends. The Money Market Account tier dividend rates and APY as of 6/22/2026 are subject to change daily. Dividends compounded monthly. Fees may reduce earnings. If you have any questions or require current rate information please call the credit union at 757-877-2444. For additional information about fees please see the Business Fee Schedule. If you have any questions or require current rate information please call the credit union at 757-877-2444. Grandfathered account - closed to new openings. Available only to existing holders of this account type.
Average Daily Balance** required to earn dividends.
MMA ($100,000 - $249,999)
APY = Annual Percentage Yield. The Performance Plus Money Market Account tier dividend rates and APY as of 6/22/2026 are subject to change daily. Dividends compounded monthly. Fees may reduce earnings. If you have any questions or require current rate information please call the credit union at 757-877-2444.
Average Daily Balance** required to earn dividends.
The Money Market Account tier dividend rates and APY as of 6/22/2026 are subject to change daily. Dividends compounded monthly. Fees may reduce earnings. If you have any questions or require current rate information please call the credit union at 757-886-3333.
Average Daily Balance required to earn dividends. The Money Market Account tier dividend rates and APY as of 6/22/2026 are subject to change daily. Dividends compounded monthly. Fees may reduce earnings. If you have any questions or require current rate information please call the credit union at 757-877-2444. For additional information about fees please see the Business Fee Schedule. If you have any questions or require current rate information please call the credit union at 757-877-2444. Grandfathered account - closed to new openings. Available only to existing holders of this account type.
The Money Market Account tier dividend rates and APY as of 6/22/2026 are subject to change daily. Dividends compounded monthly. Fees may reduce earnings. If you have any questions or require current rate information please call the credit union at 757-886-3333.
APY = Annual Percentage Yield. The Performance Plus Money Market Account tier dividend rates and APY as of 6/22/2026 are subject to change daily. Dividends compounded monthly. Fees may reduce earnings. If you have any questions or require current rate information please call the credit union at 757-877-2444.
Average Daily Balance required to earn dividends. The Money Market Account tier dividend rates and APY as of 6/22/2026 are subject to change daily. Dividends compounded monthly. Fees may reduce earnings. If you have any questions or require current rate information please call the credit union at 757-877-2444. For additional information about fees please see the Business Fee Schedule. If you have any questions or require current rate information please call the credit union at 757-877-2444. Grandfathered account - closed to new openings. Available only to existing holders of this account type.
Average Daily Balance** required to earn dividends.
Average Daily Balance required to earn dividends. The Money Market Account tier dividend rates and APY as of 6/22/2026 are subject to change daily. Dividends compounded monthly. Fees may reduce earnings. If you have any questions or require current rate information please call the credit union at 757-877-2444. For additional information about fees please see the Business Fee Schedule. If you have any questions or require current rate information please call the credit union at 757-877-2444. Grandfathered account - closed to new openings. Available only to existing holders of this account type.
Average Daily Balance** required to earn dividends.
Average Daily Balance** required to earn dividends.
MMA ($50,000 - $99,999)
Average Daily Balance required to earn dividends. The Money Market Account tier dividend rates and APY as of 6/22/2026 are subject to change daily. Dividends compounded monthly. Fees may reduce earnings. If you have any questions or require current rate information please call the credit union at 757-877-2444. For additional information about fees please see the Business Fee Schedule. If you have any questions or require current rate information please call the credit union at 757-877-2444. Grandfathered account - closed to new openings. Available only to existing holders of this account type.
Average Daily Balance** required to earn dividends.
Average Daily Balance required to earn dividends. The Money Market Account tier dividend rates and APY as of 6/22/2026 are subject to change daily. Dividends compounded monthly. Fees may reduce earnings. If you have any questions or require current rate information please call the credit union at 757-877-2444. For additional information about fees please see the Business Fee Schedule. If you have any questions or require current rate information please call the credit union at 757-877-2444. Grandfathered account - closed to new openings. Available only to existing holders of this account type.
MMA ($20,000 - $49,999)
MMA ($1,000 - $19,999)
Preferred rates require a minimum of $25,000 of new money. Standard rates: 0.15% APY.
Preferred rates require a minimum of $25,000 of new money. Standard rates: 0.03% APY.
$25,000 Minimum to Open 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.
APY for 6 months
$200,000+
$125,000.00
APY*
Daily Balances of $1,500,000 and up
APY*
Visit or Call
APY*
Visit or Call
APY*
Visit or Call
Daily Balances of $500,000 - $1,499,999.99
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.
Richmond, VA Money Market Rate Trends
Compare local Richmond, 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 3.324% APY.
Virginia standard MMA rates currently average 0.811% APY.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Richmond, 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 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 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 Richmond, 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 Richmond, Virginia
What is a Money Market Account (MMA)?
Are Money Market accounts in Richmond, Virginia safe?
How often do MMA rates change in Richmond, Virginia?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Richmond, Virginia?
Best Money Market Rates in Richmond, Virginia
- 1st Advantage Federal Credit Union
Business Performance Plus Money Market Account — 4.00% APY - Connects Federal Credit Union
Money Market — 3.81% APY - Fulton Bank
Money Market New Money — 3.55% APY - Truist
Small Business Money Market Account — 3.25% APY - Virginia Credit Union
Premium Plus Money Market — 2.60% APY
