Virginia Beach, Virginia (VA) Savings Rates - March 2026
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The savings 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.
The best savings rates for Virginia Beach, Virginia and the surrounding area include Newport News Shipbuilding Employees Credit UnionNewport News Shipbuilding Employees Credit Union4388 Holland Rd, Virginia Beach, VA 23452A+5.0 ★Texas Ratio: 4.82% Fast Start Savings at 5.00% APY, Chartway Credit UnionChartway Credit Union5700 Cleveland St, Virginia Beach, VA 23462 1752A+5.0 ★Texas Ratio: 1.26% Smart Steps Savings at 4.50% APY, Blue Ridge Bank National AssociationBlue Ridge Bank National Association300 32nd St, Virginia Beach, VA 23451F2.8 ★Texas Ratio: 41.42% Youth Savings Account at 4.50% APY, PNC BankPNC Bank4860 Virginia Beach Blvd, Virginia Beach, VA 23462A5.0 ★Texas Ratio: 6.83% PNC High Yield Savings® at 3.25% APY, and Baxter Credit UnionBaxter Credit Union1345 Perimeter Pkwy, Virginia Beach, VA 23454 5882A5.0 ★Texas Ratio: 7.73% SafeGuard Savings, Municipal at 3.00% APY. Savings rates as of March 26, 2026 according to verified data from MonitorBankRates.
To see how these savings rates in Virginia Beach, Virginia, and the surrounding area, compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Virginia Beach, Virginia (VA) are continually updated — 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: March 26, 2026
Compare the Best Savings Rates in Virginia Beach, Virginia & Surrounding Communities
Source: Verified Savings Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Newport News Shipbuilding Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.82%
4388 Holland Rd, Virginia Beach, VA 23452
Fast Start Savings
5.00%
$5
▼
Rate4.91%
Min Deposit$5
Min Balance—
UpdatedMar 25, 2026
Details
Chartway Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.26%
5700 Cleveland St, Virginia Beach, VA 23462 1752
Smart Steps Savings
4.50%
$0
▼
Rate4.41%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
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.
Blue Ridge Bank National Association
Institution Rating:
F2.8 ★Texas Ratio: 41.42%
300 32nd St, Virginia Beach, VA 23451
Youth Savings Account
4.50%
$100
▼
Rate4.41%
Min Deposit$100
Min Balance—
UpdatedMar 21, 2026
Details
Qualifying balance up to $15,000.00
Blue Ridge Bank National Association
Institution Rating:
F2.8 ★Texas Ratio: 41.42%
300 32nd St, Virginia Beach, VA 23451
Youth Savings Account
3.82%
$0
▼
Rate3.75%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Blue Ridge Bank National Association
Institution Rating:
F2.8 ★Texas Ratio: 41.42%
300 32nd St, Virginia Beach, VA 23451
Health Savings Account
3.82%
$0
▼
Rate3.75%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
PNC Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.83%
4860 Virginia Beach Blvd, Virginia Beach, VA 23462
PNC High Yield Savings®
3.25%
$0
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Newport News Shipbuilding Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.82%
4388 Holland Rd, Virginia Beach, VA 23452
Fast Start Savings
3.00%
$5
▼
Rate2.97%
Min Deposit$5
Min Balance—
UpdatedMar 25, 2026
Details
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
1345 Perimeter Pkwy, Virginia Beach, VA 23454 5882
SafeGuard Savings, Municipal
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
1345 Perimeter Pkwy, Virginia Beach, VA 23454 5882
SafeGuard Savings, Consumer
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Langley Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 11.01%
930 First Colonial Rd, Virginia Beach, VA 23454 3180
Platinum Money Market Savings
3.00%
$1,000,000
▼
Rate0.00%
Min Deposit$1,000,000
Min Balance—
UpdatedMar 20, 2026
Details
Blue Ridge Bank National Association
Institution Rating:
F2.8 ★Texas Ratio: 41.42%
300 32nd St, Virginia Beach, VA 23451
Health Savings Account
3.00%
$100
▼
Rate2.96%
Min Deposit$100
Min Balance—
UpdatedMar 21, 2026
Details
Qualifying balance up to $100,000.00
Langley Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 11.01%
930 First Colonial Rd, Virginia Beach, VA 23454 3180
Platinum Money Market Savings
2.80%
$250,000
▼
Rate0.00%
Min Deposit$250,000
Min Balance—
UpdatedMar 20, 2026
Details
Blue Ridge Bank National Association
Institution Rating:
F2.8 ★Texas Ratio: 41.42%
300 32nd St, Virginia Beach, VA 23451
Health Savings Account (HSA)
2.76%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Blue Ridge Bank National Association
Institution Rating:
F2.8 ★Texas Ratio: 41.42%
300 32nd St, Virginia Beach, VA 23451
Youth Savings Account
2.76%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Pentagon Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.64%
4920 Haygood Rd, Virginia Beach, VA 23455
Premium Online Savings Account
2.70%
$0
▼
Rate2.67%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
$5 minimum balance to open
Blue Ridge Bank National Association
Institution Rating:
F2.8 ★Texas Ratio: 41.42%
300 32nd St, Virginia Beach, VA 23451
Health Savings Account (HSA)
2.52%
$0
▼
Rate2.49%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Chartway Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.26%
5700 Cleveland St, Virginia Beach, VA 23462 1752
Bonus Savings
2.50%
$0
▼
Rate2.50%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
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.
Newport News Shipbuilding Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.82%
4388 Holland Rd, Virginia Beach, VA 23452
High Yield Savings
2.50%
$25
▼
Rate2.47%
Min Deposit$25
Min Balance—
UpdatedMar 25, 2026
Details
Blue Ridge Bank National Association
Institution Rating:
F2.8 ★Texas Ratio: 41.42%
300 32nd St, Virginia Beach, VA 23451
Health Savings Account (HSA)
2.42%
$0
▼
Rate2.39%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.79%
5386 Kempsriver Dr Ste 104, Virginia Beach, VA 23464
High-Yield Savings
2.00%
$0
▼
Rate1.98%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Qualifications Required: direct deposit to any 1st Advantage checking account each month; Qualifying balance up to $50,000.00
Langley Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 11.01%
930 First Colonial Rd, Virginia Beach, VA 23454 3180
Platinum Money Market Savings
2.00%
$25,000
▼
Rate0.00%
Min Deposit$25,000
Min Balance—
UpdatedMar 20, 2026
Details
1st Advantage Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.79%
5386 Kempsriver Dr Ste 104, Virginia Beach, VA 23464
High-Yield Business Savings
2.00%
$0
▼
Rate1.98%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Qualifications Required: direct deposit to any 1st Advantage checking account each month; Qualifying balance up to $50,000
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
1345 Perimeter Pkwy, Virginia Beach, VA 23454 5882
Rainy Day Savings
1.90%
$0
▼
Rate1.88%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
On balances above $25,000 and up to $50,000
ABNB Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.06%
5288 Providence Rd, Virginia Beach, VA 23464 4204
ProBiz Insured Savings Account
1.60%
$0
▼
Rate1.59%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Dollar Bank, Federal Savings Bank
Institution Rating:
A+5.0 ★Texas Ratio: 5.39%
998 Independence Blvd, Virginia Beach, VA 23455
Business Relationship Savings
1.50%
$0
▼
Rate1.49%
Min Deposit$0
Min Balance—
UpdatedMar 16, 2026
Details
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
1345 Perimeter Pkwy, Virginia Beach, VA 23454 5882
Rainy Day Savings
1.40%
$0
▼
Rate1.39%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
On balances up to $25,000
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
1345 Perimeter Pkwy, Virginia Beach, VA 23454 5882
SafeGuard Savings, Business
1.40%
$0
▼
Rate1.39%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Dollar Bank, Federal Savings Bank
Institution Rating:
A+5.0 ★Texas Ratio: 5.39%
998 Independence Blvd, Virginia Beach, VA 23455
Business Relationship Savings
1.25%
$0
▼
Rate0.99%
Min Deposit$0
Min Balance—
UpdatedMar 16, 2026
Details
Chartway Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.26%
5700 Cleveland St, Virginia Beach, VA 23462 1752
Smart Steps Savings
1.25%
$0
▼
Rate1.24%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Blue Ridge Bank National Association
Institution Rating:
F2.8 ★Texas Ratio: 41.42%
300 32nd St, Virginia Beach, VA 23451
Health Savings Account (HSA)
1.25%
$0
▼
Rate1.25%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Blue Ridge Bank National Association
Institution Rating:
F2.8 ★Texas Ratio: 41.42%
300 32nd St, Virginia Beach, VA 23451
Health Savings Account (HSA)
1.00%
$0
▼
Rate1.00%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Chartway Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.26%
5700 Cleveland St, Virginia Beach, VA 23462 1752
Smart Steps Savings
0.75%
$0
▼
Rate0.75%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Dollar Bank, Federal Savings Bank
Institution Rating:
A+5.0 ★Texas Ratio: 5.39%
998 Independence Blvd, Virginia Beach, VA 23455
Non-Personal Statement Savings
0.75%
$0
▼
Rate0.75%
Min Deposit$0
Min Balance—
UpdatedMar 16, 2026
Details
Blue Ridge Bank National Association
Institution Rating:
F2.8 ★Texas Ratio: 41.42%
300 32nd St, Virginia Beach, VA 23451
Health Savings Account (HSA)
0.75%
$0
▼
Rate0.75%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Blue Ridge Bank National Association
Institution Rating:
F2.8 ★Texas Ratio: 41.42%
300 32nd St, Virginia Beach, VA 23451
Health Savings Account (HSA)
0.50%
$0
▼
Rate0.50%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Beach Municipal Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.34%
4164 Virginia Beach Blvd, Virginia Beach, VA 23452
IRA Share
0.50%
$0
▼
Rate0.50%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Langley Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 11.01%
930 First Colonial Rd, Virginia Beach, VA 23454 3180
Traditional Money Market Savings
0.50%
$25,000
▼
Rate0.00%
Min Deposit$25,000
Min Balance—
UpdatedMar 20, 2026
Details
Dollar Bank, Federal Savings Bank
Institution Rating:
A+5.0 ★Texas Ratio: 5.39%
998 Independence Blvd, Virginia Beach, VA 23455
Non-Personal Statement Savings
0.50%
$0
▼
Rate0.50%
Min Deposit$0
Min Balance—
UpdatedMar 16, 2026
Details
Atlantic Union Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.56%
5472 Indian River Rd, Virginia Beach, VA 23464
IRA Variable Rate Savings
0.25%
$0
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Newport News Shipbuilding Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.82%
4388 Holland Rd, Virginia Beach, VA 23452
IRA Savings
0.25%
$100
▼
Rate0.25%
Min Deposit$100
Min Balance—
UpdatedMar 25, 2026
Details
Chartway Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.26%
5700 Cleveland St, Virginia Beach, VA 23462 1752
Smart Steps Savings
0.25%
$0
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Chartway Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.26%
5700 Cleveland St, Virginia Beach, VA 23462 1752
IRA Share Savings IRA Share
0.25%
$0
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Chartway Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.26%
5700 Cleveland St, Virginia Beach, VA 23462 1752
IRA Share Savings
0.25%
$0
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Blue Ridge Bank National Association
Institution Rating:
F2.8 ★Texas Ratio: 41.42%
300 32nd St, Virginia Beach, VA 23451
Health Savings Account (HSA)
0.25%
$0
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Blue Ridge Bank National Association
Institution Rating:
F2.8 ★Texas Ratio: 41.42%
300 32nd St, Virginia Beach, VA 23451
Youth Savings Account
0.20%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Atlantic Union Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.56%
5472 Indian River Rd, Virginia Beach, VA 23464
Health Savings Account
0.20%
$0
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
ABNB Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.06%
5288 Providence Rd, Virginia Beach, VA 23464 4204
IRA Savings Account
0.20%
$0
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Newport News Shipbuilding Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.82%
4388 Holland Rd, Virginia Beach, VA 23452
Fast Start Savings
0.15%
$5
▼
Rate0.15%
Min Deposit$5
Min Balance—
UpdatedMar 25, 2026
Details
Newport News Shipbuilding Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.82%
4388 Holland Rd, Virginia Beach, VA 23452
High Yield Savings
0.15%
$25
▼
Rate0.15%
Min Deposit$25
Min Balance—
UpdatedMar 25, 2026
Details
Newport News Shipbuilding Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.82%
4388 Holland Rd, Virginia Beach, VA 23452
Savings
0.15%
$5
▼
Rate0.15%
Min Deposit$5
Min Balance—
UpdatedMar 25, 2026
Details
Dollar Bank, Federal Savings Bank
Institution Rating:
A+5.0 ★Texas Ratio: 5.39%
998 Independence Blvd, Virginia Beach, VA 23455
Business Relationship Savings
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 16, 2026
Details
Atlantic Union Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.56%
5472 Indian River Rd, Virginia Beach, VA 23464
Health Savings Account
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Atlantic Union Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.56%
5472 Indian River Rd, Virginia Beach, VA 23464
Personal Savings
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Atlantic Union Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.56%
5472 Indian River Rd, Virginia Beach, VA 23464
PRISM Savings
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Blue Ridge Bank National Association
Institution Rating:
F2.8 ★Texas Ratio: 41.42%
300 32nd St, Virginia Beach, VA 23451
Business Savings
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Blue Ridge Bank National Association
Institution Rating:
F2.8 ★Texas Ratio: 41.42%
300 32nd St, Virginia Beach, VA 23451
Health Savings Account
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Blue Ridge Bank National Association
Institution Rating:
F2.8 ★Texas Ratio: 41.42%
300 32nd St, Virginia Beach, VA 23451
Personal Savings
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Blue Ridge Bank National Association
Institution Rating:
F2.8 ★Texas Ratio: 41.42%
300 32nd St, Virginia Beach, VA 23451
Youth Savings
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Blue Ridge Bank National Association
Institution Rating:
F2.8 ★Texas Ratio: 41.42%
300 32nd St, Virginia Beach, VA 23451
Youth Savings Account
0.10%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Qualifying balance up to $50,000.99
Pentagon Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.64%
4920 Haygood Rd, Virginia Beach, VA 23455
Money Market Savings Account
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
$25 minimum balance to open
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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.
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.
Virginia Beach, VA Savings Rate Trends
Compare local Virginia Beach, VA savings rate quotes against the statewide average
Weekly savings rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
High-Yield Savings — VA Avg
0.592%
▼ 0.959 from last week
Virginia high-yield savings rates fell 0.959 points this week to 0.592% APY, down from 1.551% last week.
Standard Savings — VA Avg
0.529%
▲ 0.068 from last week
Virginia standard savings rates rose 0.068 points this week to 0.529% APY, up from 0.460% last week.
As of Mar 26, 2026 •
Rate data sourced from 8,500+ monitored institutions
Powered by MonitorBankRates
Methodology & Data Sources
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)?
A High-Yield Savings Account (HYSA) typically pays significantly higher interest than standard accounts at national brick-and-mortar banks. These accounts, often found at online banks or local credit unions in Virginia, help your money grow faster through a higher APY.
Are savings accounts in Virginia Beach, 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 savings rates change in Virginia Beach, Virginia?
Savings 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.
Do I need a minimum deposit to open a savings account?
It depends on the bank. Many online high-yield savings accounts have no minimum deposit requirement, while some traditional banks in Virginia Beach, Virginia may require $25–$100 to open an account.
What is the difference between a Savings Account and a Money Market Account?
Both pay interest and are federally insured. Money Market Accounts (MMAs) often come with check-writing privileges or a debit card, making them more flexible, whereas standard savings accounts typically do not.
Are online banks better than local banks in Virginia Beach, Virginia?
Online banks often offer higher APYs because they have lower overhead costs. However, local banks in Virginia Beach, Virginia offer in-person customer service, which some customers prefer.
How do I open a savings account in Virginia Beach, Virginia?
You can open a savings account online or in-person. You will generally need a government-issued ID, your Social Security number, and an initial deposit to get started.
Best Savings Rates in Virginia Beach, Virginia
Here are recent savings rates observed in Virginia Beach, Virginia and the surrounding area:
- Newport News Shipbuilding Employees Credit Union
Fast Start Savings — 5.00% APY - Chartway Credit Union
Smart Steps Savings — 4.50% APY - Blue Ridge Bank National Association
Youth Savings Account — 4.50% APY - PNC Bank
PNC High Yield Savings® — 3.25% APY - Baxter Credit Union
SafeGuard Savings, Municipal — 3.00% APY
Savings Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Virginia Beach, Virginia. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: March 26, 2026
