Williamsburg, Virginia Savings Rates - October 2026
Brian McKay
Brian McKay
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Williamsburg, 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 Williamsburg, Virginia and the surrounding area include BayPort Credit UnionBayPort Credit Union4171 Ironbound Rd, Williamsburg, VA 23188A+5.0 ★Texas Ratio: 4.37%Real return: +2.20%APY minus 2.8% CPI (February 2026) Fast Start Savings at 5.00% APY, Together Credit UnionTogether Credit Union243 Mclaws Cir Ste 100, Williamsburg, VA 23185 5673A+5.0 ★Texas Ratio: 4.25%Real return: +2.20%APY minus 2.8% CPI (February 2026) Accelerate It Savings at 5.00% APY, Primis BankPrimis Bank1430 High St, Williamsburg, VA 23185A5.0 ★Texas Ratio: 13.21%Real return: +1.20%APY minus 2.8% CPI (February 2026) High-Yield Business Savings at 4.00% APY, Langley Federal Credit UnionLangley Federal Credit Union5220 Monticello Ave, Williamsburg, VA 23188A5.0 ★Texas Ratio: 10.20%Real return: +0.95%APY minus 2.8% CPI (February 2026) High-Yield Savings at 3.75% APY, and Chesapeake BankChesapeake Bank4492 John Tyler Hwy, Williamsburg, VA 23185A+5.0 ★Texas Ratio: 1.45%Real return: +0.30%APY minus 2.8% CPI (February 2026) Clear Sky Savings at 3.10% APY.
Williamsburg has 61 local institutions in our database, with savings rates as high as 5.00% APY from BayPort Credit Union at 4171 Ironbound Rd, Williamsburg, VA 23188. 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 Williamsburg, Virginia and the surrounding area. Last Updated and Verified: October 13, 2026
Compare the Best Savings Rates in Williamsburg, Virginia & Surrounding Communities
Balance: $0-500
Balance: $100.00 - $5,000.99 earns APY 5.00%; Balances $5,001.00 and above earn APY 0.20%; Requires open checking account under same membership number; Must be 22 or older; One per Social Security or Taxpayer Identification Number; Minimum Balance/Average Daily Balance: $5/$100
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.
Competitive APY. These accounts are only available online.
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: $250,000+
Balance: $500.01-1,999.99
Earn and Learn available to members up through age 18; APY dividend of 2.96% on balances $5.00-$2,500.00; Balances over $2,500.00 earn APY 0.20%; Minimum Balance/Average Daily Balance: $5/$5
Balance: $100,000 - $249,999
Balance: $0-100,000
Balance: $1 - $99,999
Balance: $75,000.00 or greater
- Oct 10, 20262.17%▲ from 1.81%
- Sep 14, 20261.81%first recorded
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: $20,000.00 to $74,999.99
- Oct 10, 20261.87%▲ from 1.51%
- Sep 14, 20261.51%first recorded
Balance: $250,000 - $499,999
Balance: $100,000 - $249,999
Balance: $2,000.00 to $19,999.99
- Oct 10, 20261.56%▲ from 1.21%
- Sep 14, 20261.21%first recorded
Balance: $50,000 and over
Balance: $25,000 - $49,999
Balance: $10,000 - $24,999
Balance: $2,500 - $9,999
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
Min. Balance/Average Daily Balance: $5/$100
Balance: $0 - $99,999
Balance: $100+
Balance: less than $10,000
Under $10,000; Transaction Limits: Limited
Balance: $25,000+
Minimum Balance/Average Daily Balance: $5/$5
Minimum Balance/Average Daily Balance: $0/$5
Minimum Balance/Average Daily Balance: $5/$5
Minimum Balance/Average Daily Balance: $0/$100
Minimum Balance/Average Daily Balance: $5/$100
Minimum Balance/Average Daily Balance: $5/$5
Balance: $2,000+
Balance: $100,000.01+
Balance: $2,000+
Balance: $10,000 - $24,999.99
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: $0.00 - $9,999.99
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.
Compounded/Credited: Quarterly
Compounded/Credited: Quarterly
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
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.
Earn 3.75% APY* on Daily Balances when you Maintain an Advantage Checking Account. Earn 3.25% APY* without an Advantage Checking Account.
Balance: $250,000+
APY (Annual Percentage Yield) is variable and effective 10/6/2026.
- Oct 2, 20263.10%▲ from 3.00%
- Sep 18, 20263.00%first recorded
Balance: $1+; RELATIONSHIP: 3.10% APY
- Oct 2, 20263.10%▲ from 3.00%
- Sep 24, 20263.00%first recorded
Qualifications Required: Have an open Movement Rewards Checking Account; 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* if the following requirements are met each monthly statement cycle (ending the last business day of the month): Have an open Movement Rewards Checking Account or Minimum daily balance of $15,000 in the Movement Rewards Savings account. Digital statements must be activated. If you do not meet the qualifications listed above during the monthly statement cycle, the entire balance of the account will earn 0.25% APY.*
- Sep 19, 20263.05%▲ from 0.25%
- Sep 7, 20260.25%first recorded
Balance: $0.01 - $100,000.99
Qualifying balance up to $75,000.00; 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; and be enrolled in and log into Online Banking
2.80% APY for balances of $0.01 - $4,999.99; 2.80% APY for balances of $5,000 or more.
Balance: $0.01 and Greater
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.
Williamsburg, VA Savings Rate Trends
Compare local Williamsburg, 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 0.032 points over the past 7 days to 2.240% APY, down from 2.271%.
Virginia standard savings rates rose 0.012 points over the past 7 days to 0.555% APY, up from 0.543%.
Williamsburg, 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 2.240% 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 Williamsburg, Virginia.
Savings Account Earnings in Williamsburg, 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 (2.240% APY) | Monthly Earnings | Standard Savings (0.555% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $111.98 / year | $9.33 | $27.75 / year | $2.31 |
| $10,000 | $223.95 / year | $18.66 | $55.50 / year | $4.63 |
| $25,000 | $559.88 / year | $46.66 | $138.75 / year | $11.56 |
| $50,000 | $1,119.75 / year | $93.31 | $277.50 / year | $23.13 |
| 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: Williamsburg, Virginia savings rate averages as of October 13, 2026. | ||||
About Our Williamsburg, Virginia Savings Rate Database
MonitorBankRates found 12 institutions with branches in Williamsburg (6 banks, 6 credit unions), plus 12 additional state-chartered and national online institutions available to Williamsburg 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 Williamsburg, Virginia.
How to Find the Best Savings Rates in Williamsburg, Virginia
What to compare when shopping for a savings account in Williamsburg, Virginia
To find the best savings APYs in Williamsburg, Virginia, start with credit unions and online-only banks: Williamsburg, Virginia has 6 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 2.240% 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. Williamsburg, Virginia high-yield savings rates currently average 2.240% 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 Williamsburg, Virginia institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 24 institutions in Williamsburg, 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 Williamsburg, Virginia CD rates
- You want check-writing flexibility Williamsburg, Virginia money market rates
- You need daily transaction access Williamsburg, Virginia checking rates
Williamsburg, Virginia Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
17.5% of residents are 65 or older, in line with the national average of 17.3%; an unemployment rate of 6.7% (vs. 4.8% nationally) underscores the value of keeping liquid emergency savings. At today’s VA high-yield savings average of 2.240%, saving 10% of the local median salary ($1,433/year) would earn an additional $32 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Williamsburg, Virginia Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Williamsburg, Virginia.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current VA Avg APY | 2.240% | 0.555% | 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 Williamsburg, Virginia averages tracked in our database as of October 13, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Williamsburg, 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 Williamsburg, Virginia earner is roughly $3,600. At 2.240% APY, saving $300/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 2.240% 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 Williamsburg, Virginia earner makes $14,331/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.240% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.240% APY grows to roughly $38,933 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 Williamsburg, 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 Williamsburg, 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 Williamsburg, 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 Williamsburg, Virginia
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Williamsburg, Virginia safe?
How often do savings rates change in Williamsburg, 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 Williamsburg, Virginia?
How do I open a savings account in Williamsburg, Virginia?
Best Savings Rates in Williamsburg, Virginia
- BayPort Credit Union
Fast Start Savings: 5.00% APY - Together Credit Union
Accelerate It Savings: 5.00% APY - Primis Bank
High-Yield Business Savings: 4.00% APY - Langley Federal Credit Union
High-Yield Savings: 3.75% APY - Chesapeake Bank
Clear Sky Savings: 3.10% APY
Williamsburg, Virginia Rates & Resources
