Virginia Beach, Virginia Savings Rates - October 2026
Brian McKay
Brian McKay
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Virginia Beach, Virginia savings account rates range from 0.01% to 5.00% APY, verified by MonitorBankRates as of October 13, 2026. The best savings rates for Virginia Beach, Virginia and the surrounding area include BayPort Credit UnionBayPort Credit Union4388 Holland Rd, Virginia Beach, VA 23452A+5.0 ★Texas Ratio: 4.37%Real return: +2.20%APY minus 2.8% CPI (February 2026) Fast Start Savings at 5.00% APY, Chartway Credit UnionChartway Credit Union5700 Cleveland St, Virginia Beach, VA 23462 1752A5.0 ★Texas Ratio: 10.30%Real return: +1.70%APY minus 2.8% CPI (February 2026) Smart Steps Savings at 4.50% APY, Langley Federal Credit UnionLangley Federal Credit Union930 First Colonial Rd, Virginia Beach, VA 23454 3180A5.0 ★Texas Ratio: 10.20%Real return: +0.95%APY minus 2.8% CPI (February 2026) High-Yield Savings at 3.75% APY, Blue Ridge Bank National AssociationBlue Ridge Bank National Association300 32nd St, Virginia Beach, VA 23451A5.0 ★Texas Ratio: 8.11%Real return: +0.20%APY minus 2.8% CPI (February 2026) Kasasa Saver Savings at 3.00% APY, and Pentagon Federal Credit UnionPentagon Federal Credit Union4920 Haygood Rd, Virginia Beach, VA 23455A5.0 ★Texas Ratio: 6.53%Real return: -0.10%APY minus 2.8% CPI (February 2026) Premium Online Savings Account at 2.70% APY.
Virginia Beach has 72 local institutions in our database, with savings rates as high as 5.00% APY from BayPort Credit Union at 4388 Holland Rd, Virginia Beach, VA 23452. Use the table below to compare all available offers, including options from institutions serving the broader Virginia area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Virginia Beach, Virginia and the surrounding area. Last Updated and Verified: October 13, 2026
Compare the Best Savings Rates in Virginia Beach, Virginia & Surrounding Communities
Balance: $0-500
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
Qualifications Required: eStatements enrollment; one withdrawal per month limit; Balance: $0.01 - $25,000.00; Earn 3.75% APY on average daily balances up to $25,000. Earn 0.05% APY on the average daily balances exceeding $25,000. 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.
- Oct 2, 20263.75%▲ from 3.60%
- Sep 18, 20263.60%first recorded
Balance: $0.01 - $100,000.99
Balance: $500.01-1,999.99
Balance: $0.01 and Greater
Balance: $5 minimum balance to open
Bonus Savings account promotional rate of 2.50% APY is effective as of 1/31/24. Dividends are paid quarterly. Rate is subject to change. Annual Percentage Yield (APY). Bonus Savings account is available for new and existing members of Chartway Credit Union. To qualify for the offer, Bonus Savings account must be funded completely with new money. New money is defined as funds not currently on deposit with Chartway Credit Union. Funds transferred from IRA accounts are not eligible for this product. Fees could reduce earnings on the account (applies only to maintenance or activity fees). Chartway senior leadership positions (Vice President and above), Board of Directors, and volunteers are not eligible for this product.
Balance: $0-100,000
Balance: $1,000,000 and over
Published rate range: up to 1.982%. Qualifying balance up to $50,000.00; Compounded/Credited: Monthly; Limit one (1) High-Yield Savings account per member; $100 minimum average daily balance to earn dividends
Published rate range: up to 1.982%. Qualifying balance up to $50,000.00; balances over $50,000 earn 0.05% APY; Compounded/Credited: Monthly
Balance: $500,000 - $999,999
Balance: On balances above $25,000 and up to $50,000
Balance: $250,000 - $499,999
Balance: $100,000 - $249,999
Balance: $50,000 and over
Balance: $75,000.01 and up; $100.00 minimum balance to earn the stated APY
Balance: $0.00 - $50,000.00
Balance: On balances up to $25,000
Balance: $50,000.01 - $100,000.00
Balance: $2,500 - $4,999.99; 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: $25,000 - $49,999
Balance: $10,000 - $24,999
Balance: $2,500 - $9,999
Balance: $10,000.01 - $75,000.00; $100.00 minimum balance to earn the stated APY
Balance: $5,000,000.00 - $25,000,000.00
Balance: $5,000 - $9,999.99; 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: $0.00 - $4,999,999.99
Balance: $10,000.00 or more
Over $10,000; Transaction Limits: Limited
Transaction Limits: Limited
- Oct 2, 20260.30%▲ from 0.05%
- Sep 27, 20260.05%▼ from 0.30%
- Sep 14, 20260.30%first recorded
Balance: $0 - $99,999
Balance: $100.00 - $99,999,99
Balance: $10,000 - $24,999.99; 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: $100+
Balance: less than $10,000
Under $10,000; Transaction Limits: Limited
Balance: $25,000+
Balance: up to $10,000.00; $100.00 minimum balance to earn the stated APY
Balance: $2,000+
Balance: $100,000.01+
Balance: $2,000+
Balance: $10,000 - $24,999.99
Balance: $100,000.01 +
Balance: $14,999.01 +
When linked to Premier Checking. Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
- Oct 7, 20260.05%▲ from 0.01%
- Sep 27, 20260.01%▼ from 0.05%
- Sep 18, 20260.05%first recorded
Balance: $0+
Transaction Limits: Limited
- Oct 2, 20260.05%▼ from 0.25%
- Sep 27, 20260.25%▲ from 0.05%
- Sep 14, 20260.05%first recorded
Balance: $4,999.01 - $14,999
Balance: $0.00 - $9,999.99
Balance: $100,001 and Greater
Balance: $25 minimum balance to open; Balance $100,000 or more
Qualifications Required: eStatements enrollment; one withdrawal per month limit; Balance: $25,000.01 and over; Earn 3.75% APY on average daily balances up to $25,000. Earn 0.05% APY on the average daily balances exceeding $25,000. 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.
Balance: $999.01 - $4,999
When linked to Prime Checking. Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
- Oct 7, 20260.02%▲ from 0.01%
- Sep 27, 20260.01%▼ from 0.02%
- Sep 18, 20260.02%first recorded
Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
- Sep 27, 20260.01%▼ from 0.02%
- Sep 18, 20260.02%first recorded
Balance: $0+
Balance: $1.00 - $499.99
Qualifications Required: Qualifications not met on Kasasa Cash; If qualifications are not met on Kasasa Cash, all balances in Kasasa Saver earn 0.01% APY. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.
Rates are accurate as of 7/1/2025 and may change after the account is opened. Fees for ATM transactions at foreign (non-Primis) ATMs will be refunded to your account on the 15 of the month. Fees may reduce earnings. This account is only available online.
This is a variable rate account. Rates are subject to change at any time without notice and are not guaranteed until the account is opened. Fees may reduce earnings. You may add a joint owner after your application is approved.
Competitive APY. These accounts are only available online.
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 Beach, VA Savings Rate Trends
Compare local Virginia Beach, VA 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 fell 0.049 points over the past 7 days to 2.191% APY, down from 2.240%.
Virginia standard savings rates fell 0.001 points over the past 7 days to 0.537% APY, down from 0.538%.
Virginia Beach, 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 to 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 2.191% 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 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 Beach, Virginia.
Savings Account Earnings in Virginia Beach, 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 (2.191% APY) | Monthly Earnings | Standard Savings (0.537% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $109.56 / year | $9.13 | $26.85 / year | $2.24 |
| $10,000 | $219.12 / year | $18.26 | $53.69 / year | $4.47 |
| $25,000 | $547.80 / year | $45.65 | $134.23 / year | $11.19 |
| $50,000 | $1,095.60 / year | $91.30 | $268.45 / year | $22.37 |
| 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 Beach, Virginia savings rate averages as of October 14, 2026. | ||||
About Our Virginia Beach, Virginia Savings Rate Database
MonitorBankRates found 16 institutions with branches in Virginia Beach (7 banks, 9 credit unions), plus 2 additional state-chartered and national online institutions available to Virginia Beach residents. 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: BayPort Credit Union offers a savings account at 5.00% APY with a minimum deposit of $5. Use the rate table above to compare all current offers in Virginia Beach, Virginia.
How to Find the Best Savings Rates in Virginia Beach, Virginia
What to compare when shopping for a savings account in Virginia Beach, Virginia
To find the best savings APYs in Virginia Beach, Virginia, start with credit unions and online-only banks: Virginia Beach, Virginia has 9 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 2.191% but top local institutions are offering as high as 5.00%, 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 to 6 months of expenses in a liquid, FDIC-insured account. Virginia Beach, Virginia high-yield savings rates currently average 2.191% APY, far above a typical checking account.
- Short-term savings goals (6 to 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 Beach, Virginia institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 18 institutions in Virginia Beach, 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 Beach, Virginia CD rates
- You want check-writing flexibility Virginia Beach, Virginia money market rates
- You need daily transaction access Virginia Beach, Virginia checking rates
Virginia Beach, Virginia Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
15.9% of residents are 65 or older, below the national average of 17.3%; a low unemployment rate of 3.6% reflects a strong local economy with solid savings capacity. At today’s VA high-yield savings average of 2.191%, saving 10% of the local median salary ($4,890/year) would earn an additional $107 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Virginia Beach, Virginia Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Virginia Beach, Virginia.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current VA Avg APY | 2.191% | 0.537% | 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 to $100 | $25 to $100 | $0 to $2,500 | $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 | 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 Beach, Virginia averages tracked in our database as of October 14, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Virginia Beach, Virginia
At VA’s top rate of 5.00% from BayPort Credit Union, a $10,000 deposit earns $500 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Virginia Beach, Virginia earner is roughly $12,200. At 2.191% APY, saving $1,020/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 2.191% 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 Beach, Virginia earner makes $48,905/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.191% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.191% APY grows to roughly $38,566 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 Beach, 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 Beach, 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 Beach, 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 Beach, Virginia
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Virginia Beach, Virginia safe?
How often do savings rates change in Virginia Beach, 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 Beach, Virginia?
How do I open a savings account in Virginia Beach, Virginia?
Best Savings Rates in Virginia Beach, Virginia
- BayPort Credit Union
Fast Start Savings: 5.00% APY - Chartway Credit Union
Smart Steps Savings: 4.50% APY - Langley Federal Credit Union
High-Yield Savings: 3.75% APY - Blue Ridge Bank National Association
Kasasa Saver Savings: 3.00% APY - Pentagon Federal Credit Union
Premium Online Savings Account: 2.70% APY
Virginia Beach, Virginia Rates & Resources
