Best Money Market Rates in Richmond, Virginia (VA) - May 2026
Content reviewed by
Brian McKay
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Editorial Disclosure
Brian McKay
Brian McKay
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The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
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: 2.79% 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: 8.74% 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 3.40% APY, and Virginia Credit UnionVirginia Credit Union4001 Lauderdale Dr, Richmond, VA 23233A5.0 ★Texas Ratio: 6.74% Premium Plus Money Market at 2.60% APY. Money market rates as of May 12, 2026 according to verified data from MonitorBankRates.
Richmond has 9 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: May 12, 2026
Compare the Best Money Market Rates Today in Richmond, Virginia & the Surrounding Area
Source: Verified Money Market Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Performance Plus Money Market
4.00%
$0
▼
Rate3.93%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Business Performance Plus Money Market Account
4.00%
$0
▼
Rate3.93%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Money Market Accounts
4.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
as high as
Connects Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.74%
7700 Shrader Rd, Richmond, VA 23228
Money Market
3.81%
$2,500
▼
Rate3.75%
Min Deposit$2,500
Min Balance—
UpdatedMay 6, 2026
Details
Fulton Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.98%
9030 Stony Point Pkwy, Richmond, VA 23235
Money Market New Money
3.55%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Fulton Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.98%
9030 Stony Point Pkwy, Richmond, VA 23235
Promotional Money Market Account
3.55%
$10,000
▼
Rate—
Min Deposit$10,000
Min Balance—
UpdatedMay 4, 2026
Details
minimum new money deposit of $10,000.
Truist
Institution Rating:
A+5.0 ★ Texas Ratio: 3.63%
919 E Main St, Richmond, VA 23219
Small Business Money Market Account
3.40%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Business Performance Plus Money Market Account
3.25%
$0
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Performance Plus Money Market
3.25%
$0
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Money Market Account
3.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Virginia Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.74%
4001 Lauderdale Dr, Richmond, VA 23233
Premium Plus Money Market
2.60%
$25,000
▼
Rate2.57%
Min Deposit$25,000
Min Balance—
UpdatedMay 10, 2026
Details
Dominion Energy Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.99%
600 Canal Place, Richmond, VA 23219 3927
Money Market Savings
2.55%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Call Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.63%
4605 Commerce Rd, Richmond, VA 23234 2233
Money Markets
2.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
As High As
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Performance Plus Money Market
2.30%
$0
▼
Rate2.28%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Business Performance Plus Money Market Account
2.30%
$0
▼
Rate2.28%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Virginia Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.74%
4001 Lauderdale Dr, Richmond, VA 23233
Premium Plus Money Market
2.25%
$25,000
▼
Rate2.23%
Min Deposit$25,000
Min Balance—
UpdatedMay 10, 2026
Details
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Performance Plus Money Market
2.00%
$0
▼
Rate1.98%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Virginia Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.74%
4001 Lauderdale Dr, Richmond, VA 23233
Premium Plus Money Market
2.00%
$25,000
▼
Rate1.98%
Min Deposit$25,000
Min Balance—
UpdatedMay 10, 2026
Details
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Member Rewards Money Market - Grandfathered Account
2.00%
$0
▼
Rate1.98%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Qualifications Required: 1st Advantage Checking Account; 10 posted Debit Card transactions (excluding ATM transactions) per month; one or more ACH Direct Deposit transactions posted in each calendar month; Qualifying balance up to $10,000.00
Argent Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.24%
400 N 8th St, Richmond, VA 23219
MMA
2.00%
$0
▼
Rate1.98%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
$250,000 - up
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Business Performance Plus Money Market Account
2.00%
$0
▼
Rate1.98%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Fulton Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.98%
9030 Stony Point Pkwy, Richmond, VA 23235
Platinum Money Market
1.95%
$0
▼
Rate1.93%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Connects Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.74%
7700 Shrader Rd, Richmond, VA 23228
Money Market
1.76%
$2,500
▼
Rate1.75%
Min Deposit$2,500
Min Balance—
UpdatedMay 6, 2026
Details
Virginia Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.74%
4001 Lauderdale Dr, Richmond, VA 23233
Premium Plus Money Market
1.75%
$25,000
▼
Rate1.74%
Min Deposit$25,000
Min Balance—
UpdatedMay 10, 2026
Details
Fulton Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.98%
9030 Stony Point Pkwy, Richmond, VA 23235
Platinum Money Market
1.64%
$0
▼
Rate1.63%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Virginia Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.74%
4001 Lauderdale Dr, Richmond, VA 23233
Commercial Money Market
1.50%
$100
▼
Rate1.48%
Min Deposit$100
Min Balance—
UpdatedMay 10, 2026
Details
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Business Money Market Account - Grandfathered Account
1.45%
$0
▼
Rate1.44%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Grandfathered account - closed to new openings. Available only to existing holders of this account type.
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Tiered Money Market Account - Grandfathered Account
1.45%
$0
▼
Rate1.44%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Virginia Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.74%
4001 Lauderdale Dr, Richmond, VA 23233
Commercial Money Market
1.35%
$100
▼
Rate1.34%
Min Deposit$100
Min Balance—
UpdatedMay 10, 2026
Details
Argent Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.24%
400 N 8th St, Richmond, VA 23219
MMA
1.25%
$0
▼
Rate1.24%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
$100,000 - $249,999
Virginia Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.74%
4001 Lauderdale Dr, Richmond, VA 23233
Premium Money Market
1.25%
$10,000
▼
Rate1.24%
Min Deposit$10,000
Min Balance—
UpdatedMay 10, 2026
Details
Virginia Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.74%
4001 Lauderdale Dr, Richmond, VA 23233
Commercial Money Market
1.20%
$100
▼
Rate1.19%
Min Deposit$100
Min Balance—
UpdatedMay 10, 2026
Details
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Business Performance Plus Money Market Account
1.10%
$0
▼
Rate1.09%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Performance Plus Money Market
1.10%
$0
▼
Rate1.09%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Tiered Money Market Account - Grandfathered Account
1.10%
$0
▼
Rate1.09%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Business Money Market Account - Grandfathered Account
1.10%
$0
▼
Rate1.09%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Grandfathered account - closed to new openings. Available only to existing holders of this account type.
Virginia Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.74%
4001 Lauderdale Dr, Richmond, VA 23233
Commercial Money Market
1.05%
$100
▼
Rate1.04%
Min Deposit$100
Min Balance—
UpdatedMay 10, 2026
Details
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Business Money Market Account - Grandfathered Account
1.00%
$0
▼
Rate0.99%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Grandfathered account - closed to new openings. Available only to existing holders of this account type.
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Business Performance Plus Money Market Account
1.00%
$0
▼
Rate0.99%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Tiered Money Market Account - Grandfathered Account
1.00%
$0
▼
Rate0.99%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Performance Plus Money Market
1.00%
$0
▼
Rate0.99%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Fulton Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.98%
9030 Stony Point Pkwy, Richmond, VA 23235
Platinum Money Market
0.94%
$0
▼
Rate0.94%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Chesapeake Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.95%
1900 Lauderdale Dr, Richmond, VA 23238
Money Market
0.85%
$0
▼
Rate0.85%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Virginia Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.74%
4001 Lauderdale Dr, Richmond, VA 23233
Business Money Market
0.80%
$100
▼
Rate0.79%
Min Deposit$100
Min Balance—
UpdatedMay 10, 2026
Details
Chesapeake Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.95%
1900 Lauderdale Dr, Richmond, VA 23238
Money Market
0.80%
$0
▼
Rate0.80%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Chesapeake Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.95%
1900 Lauderdale Dr, Richmond, VA 23238
Commercial Money Market Tier 5
0.80%
$0
▼
Rate0.80%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Business Money Market Account - Grandfathered Account
0.75%
$0
▼
Rate0.75%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Grandfathered account - closed to new openings. Available only to existing holders of this account type.
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Tiered Money Market Account - Grandfathered Account
0.75%
$0
▼
Rate0.75%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Chesapeake Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.95%
1900 Lauderdale Dr, Richmond, VA 23238
Commercial Money Market Tier 4
0.70%
$0
▼
Rate0.70%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Chesapeake Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.95%
1900 Lauderdale Dr, Richmond, VA 23238
Money Market
0.70%
$0
▼
Rate0.70%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Tiered Money Market Account - Grandfathered Account
0.65%
$0
▼
Rate0.65%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Business Money Market Account - Grandfathered Account
0.65%
$0
▼
Rate0.65%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Grandfathered account - closed to new openings. Available only to existing holders of this account type.
Argent Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.24%
400 N 8th St, Richmond, VA 23219
MMA
0.65%
$0
▼
Rate0.65%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
$50,000 - $99,999
Chesapeake Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.95%
1900 Lauderdale Dr, Richmond, VA 23238
Commercial Money Market Tier 3
0.60%
$0
▼
Rate0.60%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Chesapeake Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.95%
1900 Lauderdale Dr, Richmond, VA 23238
Money Market
0.60%
$0
▼
Rate0.60%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Fulton Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.98%
9030 Stony Point Pkwy, Richmond, VA 23235
Platinum Money Market
0.55%
$0
▼
Rate0.55%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Business Money Market Account - Grandfathered Account
0.50%
$0
▼
Rate0.50%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Grandfathered account - closed to new openings. Available only to existing holders of this account type.
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1204 Broad Rock Blvd, Richmond, VA 23224 4916
Tiered Money Market Account - Grandfathered Account
0.50%
$0
▼
Rate0.50%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Chesapeake Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.95%
1900 Lauderdale Dr, Richmond, VA 23238
Commercial Money Market Tier 2
0.50%
$0
▼
Rate0.50%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Virginia Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.74%
4001 Lauderdale Dr, Richmond, VA 23233
Business Money Market
0.40%
$100
▼
Rate0.39%
Min Deposit$100
Min Balance—
UpdatedMay 10, 2026
Details
Fulton Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.98%
9030 Stony Point Pkwy, Richmond, VA 23235
Platinum Money Market
0.40%
$0
▼
Rate0.40%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Fulton Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.98%
9030 Stony Point Pkwy, Richmond, VA 23235
IRA Money Market
0.40%
$0
▼
Rate0.40%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Argent Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.24%
400 N 8th St, Richmond, VA 23219
MMA
0.35%
$0
▼
Rate0.35%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
$20,000 - $49,999
Fulton Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.98%
9030 Stony Point Pkwy, Richmond, VA 23235
Platinum Money Market
0.35%
$0
▼
Rate0.35%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Argent Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.24%
400 N 8th St, Richmond, VA 23219
MMA
0.25%
$0
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
$1,000 - $19,999
Chesapeake Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.95%
1900 Lauderdale Dr, Richmond, VA 23238
Money Market
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Virginia Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.74%
4001 Lauderdale Dr, Richmond, VA 23233
Premium Money Market
0.05%
$10,000
▼
Rate0.05%
Min Deposit$10,000
Min Balance—
UpdatedMay 10, 2026
Details
Virginia Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.74%
4001 Lauderdale Dr, Richmond, VA 23233
Premium Plus Money Market
0.05%
$25,000
▼
Rate0.05%
Min Deposit$25,000
Min Balance—
UpdatedMay 10, 2026
Details
Chesapeake Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.95%
1900 Lauderdale Dr, Richmond, VA 23238
Commercial Money Market Tier 1
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Virginia Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.74%
4001 Lauderdale Dr, Richmond, VA 23233
Commercial Money Market
0.05%
$100
▼
Rate0.05%
Min Deposit$100
Min Balance—
UpdatedMay 10, 2026
Details
Citizens Bank
Institution Rating:
A5.0 ★ Texas Ratio: 8.28%
Citizens Private Client® Money Market
3.75%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Qualifying balance up to $25,000.00
Citizens Bank
Institution Rating:
A5.0 ★ Texas Ratio: 8.28%
Citizens Quest® Money Market
3.75%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Qualifying balance up to $25,000.00
Presidential Bank
Institution Rating:
A5.0 ★ Texas Ratio: 9.69%
Money Market Advantage Checking
3.50%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 4, 2026
Details
On Balances Between $25,000 and $250,000.
Freedom Bank of Virginia
Institution Rating:
A5.0 ★ Texas Ratio: 7.40%
Money Market Account
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Armed Forces Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.63%
Premier Money Market
3.05%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
The Blue Grass Valley Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 3.06%
Money Market Account
3.04%
$2,500
▼
Rate3.00%
Min Deposit$2,500
Min Balance—
UpdatedMay 5, 2026
Details
Rate2.88%
Min Deposit$100
Min Balance—
UpdatedMay 4, 2026
Details
The Blue Grass Valley Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 3.06%
Money Market Account
2.78%
$2,500
▼
Rate2.75%
Min Deposit$2,500
Min Balance—
UpdatedMay 5, 2026
Details
The Blue Grass Valley Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 3.06%
Money Market Account to $199,999.99
2.78%
$0
▼
Rate2.75%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
$125,000.00
PCB Pendleton Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.17%
Investment Plus Money Market
2.66%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
First National Bank VA
Institution Rating:
A+5.0 ★ Texas Ratio: 2.62%
Business Money Market
2.53%
$2,500
▼
Rate2.50%
Min Deposit$2,500
Min Balance—
UpdatedMay 4, 2026
Details
PCB Pendleton Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.17%
Investment Plus Money Market
2.46%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
EagleBank
Institution Rating:
A+5.0 ★ Texas Ratio: 5.93%
Eagle Money Market Account and up
2.33%
$0
▼
Rate2.30%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
$500,000.00
PCB Pendleton Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.17%
Investment Plus Money Market
2.28%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
Rate2.10%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
$250,000.00 - $499,999.99
PCB Pendleton Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.17%
Investment Plus Money Market
2.05%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
Rate2.01%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
$0.00 - $249,999.99
First National Bank VA
Institution Rating:
A+5.0 ★ Texas Ratio: 2.62%
Business Money Market
2.02%
$2,500
▼
Rate2.00%
Min Deposit$2,500
Min Balance—
UpdatedMay 4, 2026
Details
National Bank of Blacksburg
Institution Rating:
A+5.0 ★ Texas Ratio: 3.36%
Business Money Market Deposit Account
1.81%
$0
▼
Rate1.80%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
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MonitorBankRates
The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. Rates reflect recent market quotes and representative offers available to depositors in Richmond, Virginia and the surrounding area.
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.
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.
High-Yield MMA — VA Avg
3.349%
Unchanged vs 7 days ago
Virginia high-yield MMA rates currently average 3.349% APY.
Standard MMA — VA Avg
0.800%
Unchanged vs 7 days ago
Virginia standard MMA rates currently average 0.800% APY.
As of May 13, 2026 • Rate data sourced from 8,500+ monitored institutions
Powered by MonitorBankRates
Methodology & Data Sources
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)?
A Money Market Account (MMA), formally known as a money market deposit account (MMDA), is a type of deposit account that often pays higher interest rates than standard savings accounts. They usually come with check-writing privileges and debit card access, offering a balance of growth and liquidity for savers in Virginia.
Are Money Market accounts in Richmond, Virginia safe?
Yes, as long as the institution is FDIC insured (for banks) or NCUA insured (for credit unions). This provides federal protection for your deposits in Virginia up to $250,000 per depositor, per institution.
How often do MMA rates change in Richmond, Virginia?
Money market rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local Virginia rate tables daily to ensure you see the most current high-yield options.
Can I write checks from a Money Market Account?
Yes, most Money Market Accounts allow you to write a limited number of checks or make debit card transactions each month (typically up to 6), making them more flexible than a standard savings account.
How much do I need to deposit to open a money market account in Richmond, Virginia?
Minimum deposit requirements vary widely. Some online money market deposit accounts can be opened with no minimum, while many banks and credit unions in Richmond, Virginia require an initial deposit of $1,000 to $2,500 to earn the highest advertised APY. Larger deposits often unlock higher rate tiers, and FDIC or NCUA insurance protects deposits up to $250,000 per depositor, per institution.
Best Money Market Rates in Richmond, Virginia
Here are some of the highest money market account APYs currently available in Richmond, Virginia and the surrounding area:
- 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 — 3.40% APY - Virginia Credit Union
Premium Plus Money Market — 2.60% APY
Money Market Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Richmond, Virginia. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: May 12, 2026
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