Virginia Savings Rates - September 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
The best savings rates for Virginia include Topside Federal Credit UnionTopside Federal Credit Union2004 Augustine Ave, Fredericksburg, VA 22401A+5.0 ★Texas Ratio: 5.65%Real return: +5.20%APY minus 2.8% CPI (February 2026) Military Savings at 8.00% APY, Call Federal Credit UnionCall Federal Credit Union4605 Commerce Rd, Richmond, VA 23234 2233A+5.0 ★Texas Ratio: 1.11%Real return: +3.20%APY minus 2.8% CPI (February 2026) Youth Savings Account at 6.00% APY, Together Credit UnionTogether Credit Union243 Mclaws Cir Ste 100, Williamsburg, VA 23185 5673A+5.0 ★Texas Ratio: 5.32%Real return: +2.20%APY minus 2.8% CPI (February 2026) Accelerate It Savings at 5.00% APY, Apple Federal Credit UnionApple Federal Credit Union14260J Centreville Sq, Centreville, VA 20121A+5.0 ★Texas Ratio: 2.61%Real return: +2.20%APY minus 2.8% CPI (February 2026) Coverdell ESA Share at 5.00% APY, and Andrews Federal Credit UnionAndrews Federal Credit Union7025A Manchester Blvd, Alexandria, VA 22310A5.0 ★Texas Ratio: 9.39%Real return: +2.20%APY minus 2.8% CPI (February 2026) Online Savings Account at 5.00% APY.
Use the tables below to compare savings rates across Virginia side-by-side. Virginia savings rates currently reach as high as 8.00% APY from Topside Federal Credit Union at 2004 Augustine Ave, Fredericksburg, VA 22401. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Virginia and the surrounding area. Last Updated and Verified: September 21, 2026
Compare the Best Savings Rates in Virginia
Qualifications Required: current, valid military ID; accept electronic documents; receive e-statements; make at least one deposit monthly; 8.00% only applies on the first $500 deposited as long as member meets all requirements. Requirements include: a current, valid military ID, accept electronic documents, receive e-statements and make at least one deposit monthly. Dividends compounded and credited quarterly. If the monthly deposit is not posted, the rate will revert to the current share savings rate for that month. This special rate will remain in effect as long as all requirements are met for the first $500. Balances over $500 will earn the regular share savings rate.
Balance: $0.01 - $1,000.00; APY= Annual Percentage Yield. Rate may change after an account is opened. Must be 17 years old or younger to open with a parent or legal guardian. The account balance will automatically be transferred to a Primary Savings Account during the calendar quarter following their 18th birthday. Last Dividend Declaration Date for Youth Savings: June 23, 2026.
Published APY range: 5.88% to 5.99%. Balance: $1,000.01 - $1,044.68; APY= Annual Percentage Yield. Rate may change after an account is opened. Must be 17 years old or younger to open with a parent or legal guardian. The account balance will automatically be transferred to a Primary Savings Account during the calendar quarter following their 18th birthday. Last Dividend Declaration Date for Youth Savings: June 23, 2026.
Minimum Balance/Average Daily Balance: $5. For the Accelerate It Savings account, the dividend rate and annual percentage yield are subject to change without notice after account opening. APY dividend of 5.00% is earned on balances $100.00 to $5,000.99. Balances $5,001.00 and above will receive APY of 0.20%. One Accelerate It Savings per Social Security or Taxpayer Identification Number. For Accelerate It Savings accounts, you must have an open checking account located under the same membership number as the Accelerate It Savings account. If your checking account is closed for any reason, your Accelerate It Savings account will convert to a Regular Savings account. You must be 22 years or older to open an Accelerate It Savings account. Rate offers accurate as of 06/01/2025. APY is accurate as of the last dividend declaration date. Other rates and terms available. Fees may reduce earnings on the account. Membership eligibility required.
Balance: up to $19999
Balance: $.01 - 1,000.00
Balance: Up to $1,000
Qualifications Required: age 19 or younger; provide a valid, government issued photo ID or the social security number for minors; parent or legal guardian must be joint on the account; 5.00% applies only on the first $500 deposited as long as the member meets all requirements. Requirements include: being age 19 or younger, you must provide a valid, government issued photo ID or the social security number for minors. For minors, a parent or legal guardian must be joint on the account. At age 20 the balance will transfer to the prime share account. Deposits over $500.00 will earn the regular share savings rate. Dividends paid quarterly. Account transfer limitations may apply. Rate may change after account opening. Minimum balance required to obtain APY.
Up to 5.00%; Dividends credited Monthly; Account transfer & withdrawal limitations apply
Balance: $0.00 - $2,499.99; During the first 6 months after account opening, a promotional APY of 5.00% applies to that portion of the total account balance within the first tier, up to $2,499.99. The standard tiered APYs displayed apply to the remaining portion(s) of the account balances above the first tier. Dividend rates are tiered; different portions of the total account balance earn different rates. The APY reflects a blended rate based on the portion of the total balance in each tier, and if held to maturity. Dividends accrue daily and are paid monthly. Fees could reduce earnings on the account. No penalty for withdrawal. Limited to personal accounts; one account per member. Certain conditions and restrictions may apply. Rates and tiers are subject to change without notice. Membership must be completed before account opening. Please refer to the Membership Agreement and Disclosures for terms and conditions applicable to specific accounts
Balance: $0.01 - $2,000
Rates are accurate as of 7/1/2025 and may change after the account is opened. This account is only available online.
Balances above $10,000.01 will earn .10 APY*
Balance: $2,000.01 - $5,000
Variable interest rate. Rates effective 12/01/2025, and may change at any time. Fees may reduce earnings. This account is only available online.
Balance: 60 Month
Balance: 36 Month
Balance: 24 Month
Balance: 12 Month
Earn 3.75% APY* on Daily Balances when you Maintain an Advantage Checking Account. Earn 3.25% APY* without an Advantage Checking Account.
Balance: $0.01 - $25,000.00; This account requires enrollment in eStatements and is limited to one withdrawal per month. If more than one withdrawal is completed in a month or you are not enrolled in eStatements, you will earn 0.05% APY on the entire balance. If requirements are not met as of the last day of the month, the reduced rate will apply beginning the following month. Limit one (1) High-Yield Savings account per member. Dividends compound monthly. $5 deposit to Langley savings account required for membership. Rates may change at any time at Langley's discretion. No minimum deposit required. Insured by NCUA.
Balance: $500,000+
Balance: $250,000+
Balance: $5,000.01 - $10,000
Balance: $250,000 - $499,999.99
Balance: $5,000 - $50,000
Earn 3.75% APY* on Daily Balances when you Maintain an Advantage Checking Account. Earn 3.25% APY* without an Advantage Checking Account.
Qualifications Required: based on qualifying criteria**; Average daily balance; based on qualifying criteria**
Balance: Up to $25,000
Qualifications Required: Active Truliant checking account with $500+ in monthly deposits from sources outside Truliant; Primary account ownership of both the checking and savings accounts; 10+ withdrawals per month (including debit card purchases, bill payments, automatic transfers, loan payments).; Premium Rate 3.200% APY on balances up to $25,000. Qualifying balance up to $1,000.00. Base Rate 0.10% APY on balances above $25,000. Avoid a service fee by maintaining $1,000 average monthly account balance.
Balance: $100,000 - $249,999.99
Balance: $0.01 - $250,000
Balance: $250,000+
On balances of $25,000+
Qualifications Required: Movement Rewards Checking Account or Minimum daily balance of $15,000 in the Movement Rewards Savings account; Digital statements must be activated; High interest rate on balances up to $50,000*. One account per customer. No minimum balance is required, and never worry about NSF fees!
Balance: $5.00 to $19,999
Minimum Balance/Average Daily Balance: $5. Earn and Learn available to members up through age 18. APY dividend of 2.96% is earned on balances $5.00- $2,500.00. Balances over $2,500.00 and above will receive APY of 0.20%. Rate offers accurate as of 02/13/2026. APY is accurate as of the last dividend declaration date. Other rates and terms available. Fees may reduce earnings on the account. Membership eligibility required.
APY (Annual Percentage Yield) is variable and effective 9/18/2026. No fees. No minimums. No worries. Your balance is FDIC-insured up to the allowable limits. Unlike tiered savings accounts, Capital One's 360 Performance Savings account offers the same high-yield savings rate on your entire balance, so you earn the same great rate whether you're just starting out or have substantial savings. Interest accrues daily and compounds monthly.
Qualifications Required: 1 direct deposit or ACH credit; 12 debit card purchases; e-statements enrollment; online banking enrollment/login; Balance: $0.01 - $100,000.99
3.00% to 1.34% APY* on balances above $75,000
Qualifications Required: 12 qualifying debit card purchases; be enrolled in and agree to receive eStatements; be enrolled in and log into Online Banking; Qualifying balance up to $1,000.00; Fees may reduce earnings. All rates subject to change daily without notice. Monthly qualifications: 12 qualifying debit card purchases, be enrolled in and agree to receive eStatements, and be enrolled in and log into Online Banking. Enrollments must be in place and all of the transactions and activities must post and settle to your Kasasa Cash Checking account during each Monthly Qualification Cycle. ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our bank as ATM transactions and purchases made with debit cards not issued by Oak View National Bank do not count towards qualifying debit card transactions.
Balance: up to $10,000
Balance: up to $1,499
Balance: Up to $1,000
Balance: $0.01 and Greater
Balance: $10,000 - $99,999
Balance Tiers $0 - $49,999.99 | 2.20% APY $50,000 + | 2.70% APY
Balance: $100,000 - $249,999
23
23
Balance: $0 - $9,999
Balance: $1 - $99,999
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 Savings Rate Trends
Compare local Virginia savings rate quotes against the statewide average
Daily savings rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Virginia high-yield savings rates rose 0.110 points over the past 7 days to 1.968% APY, up from 1.858%.
Virginia standard savings rates rose 0.013 points over the past 7 days to 0.814% APY, up from 0.801%.
Virginia Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current VA high-yield average and a Fed funds spread to project the likely rate trajectory for 2026–2027.
Savings 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 savings average of 1.968% 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 60–90 days. High-yield online savings rates tend to adjust faster than standard branch-based savings rates.
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.
Savings Account Earnings in Virginia
Annual interest earnings at current VA average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (1.968% APY) | Monthly Earnings | Standard Savings (0.814% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $98.41 / year | $8.20 | $40.68 / year | $3.39 |
| $10,000 | $196.82 / year | $16.40 | $81.36 / year | $6.78 |
| $25,000 | $492.05 / year | $41.00 | $203.40 / year | $16.95 |
| $50,000 | $984.10 / year | $82.01 | $406.80 / year | $33.90 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, and daily balance maintained. Rates are variable and subject to change. Source: Virginia savings rate averages as of September 22, 2026. | ||||
About Our Virginia Savings Rate Database
MonitorBankRates tracks 260 savings rates from 13 banks and 15 credit unions offering savings 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 (1–5), 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: Topside Federal Credit Union offers a savings account at 8.00% APY. Use the rate table above to compare all current offers in Virginia.
How to Find the Best Savings Rates in Virginia
What to compare when shopping for a savings account in Virginia
To find the best savings APYs in Virginia, start with credit unions and online-only banks: Virginia has 15 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. APY reflects compounding and is the true measure of what you’ll earn. Savings accounts that compound daily earn slightly more than those compounding monthly at the same stated rate. The current VA high-yield savings average is 1.968% but top local institutions are offering as high as 8.00%, so shopping around pays off.
Unlike a CD, savings account rates are variable. Your rate can change at any time with Federal Reserve policy. Many institutions offer elevated introductory rates that reset after a promotional period. Review your account periodically to ensure your APY remains competitive.
When a High-Yield Savings Account Makes Sense
- Emergency fund: Financial experts recommend 3–6 months of expenses in a liquid, FDIC-insured account. Virginia high-yield savings rates currently average 1.968% APY, far above a typical checking account.
- Short-term savings goals (6–24 months): If you may need the money soon, a savings account gives you immediate access without early withdrawal penalties.
- Parking cash between investments: A high-yield savings account at Virginia institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 28 institutions in Virginia report savings 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 want check-writing flexibility → Virginia money market 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 savings average of 1.968%, saving 10% of the local median salary ($5,112/year) would earn an additional $101 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Virginia Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Virginia.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current VA Avg APY | 1.968% | 0.814% | View MMA Rates | 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 | ✗ No | ✗ No | ✓ Often yes | ✗ No |
| Debit / ATM Card | Some institutions | ✗ Rarely | ✓ Often yes | ✗ No |
| Typical Min Deposit | $0 – $100 | $25 – $100 | $0 – $2,500 | $500 – $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 | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Active savers wanting flexibility + check writing | Locking in a rate for a defined period |
APY data reflects Virginia averages tracked in our database as of September 22, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Virginia
At VA’s top rate of 8.00% from Topside Federal Credit Union, a $10,000 deposit earns $800 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 1.968% APY, saving $1,070/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsVirginia’s high-yield savings average is 1.968% APY, variable and always accessible. 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 1.968% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.968% APY grows to roughly $36,918 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 savings 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 Savings Rate Data: We aggregate savings 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 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 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.
Frequently Asked Questions about Savings Accounts in Virginia
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Virginia safe?
How often do savings rates change in Virginia?
Do I need a minimum deposit to open a savings account?
What is the difference between a Savings Account and a Money Market Account?
Are online banks better than local banks in Virginia?
How do I open a savings account in Virginia?
Best Savings Rates in Virginia
- Topside Federal Credit Union
Military Savings: 8.00% APY - Call Federal Credit Union
Youth Savings Account: 6.00% APY - Together Credit Union
Accelerate It Savings: 5.00% APY - Apple Federal Credit Union
Coverdell ESA Share: 5.00% APY - Andrews Federal Credit Union
Online Savings Account: 5.00% APY
Cities in Virginia
