Best CD Rates in VA for Consumers with Good, Great, & Excellent Credit Scores
If you are a resident of VA and have been considering taking out a certificate of deposit (CD), we’re here to help.
Here at AdvisoryHQ, we know all too well how important it is to conduct thorough research before signing up for a financial product.
To simplify your research process, see the sections below for a comparison of high-yield savings accounts vs. CD rates in VA.
Virginia residents have plenty of savings products to choose from to meet a variety of savings needs.
However, no matter what type of financial product you choose, it’s important to find the best financial rates in VA to ensure that your hard-earned income is set up for long-term growth and stability.
Virginia Beach, VA
Best CD Rates in New Jersey | Newark, Jersey City, Paterson, & Other Cities
Best CD Rates in MI | Michigan CD Rates for Good to Great Credit
Which Virginia City Are You Located In?
Below is a list of the largest cities in Virginia. Click here to go to the rate table displayed above to view the best rates on financial products currently available in VA.
Biggest Cities in Virginia | Population (2015-2016) |
| Washington, D.C. | 681,170 |
| Virginia Beach | 452,745 |
| Norfolk | 246,393 |
| Chesapeake | 235,429 |
| Richmond | 220,289 |
| Newport News | 182,385 |
| Alexandria | 153,511 |
| Hampton | 136,454 |
| Roanoke | 99,897 |
| Portsmouth | 96,201 |
Best CD Rates in North Carolina | Charlotte, Raleigh, Greensboro, & Other NC Cities
Best CD Rates in GA for Good-to-Great Credit
High Yield Savings Rates vs Best CD Rates in VA
Part of finding the best CD rates in Virginia City, Portsmouth, Roanoke, or other cities in the state of Virginia is exploring multiple options and rates.
Something to note is that the longer-term 2-year, 3-year, and 5-year CDs offer the best CD rates in VA.
Banks are willing to offer higher rates for these longer-term CDs because they have a longer time to utilize the money you keep in your CD account, and make more money from it.
If CDs do not fit your financial needs, you might want to consider high-yield savings accounts in VA. Some online high-yield savings accounts offer much higher rates than the highest Virginia CD rates.
Jumbo CD Rates in Virginia
Along with traditional CD accounts, many banks will also offer jumbo CD rates and products for consumers in Virginia.
A jumbo CD is a certificate of deposit account in which the account holder is required to deposit $100,000 or more. Jumbo CDs are attractive to Virginia consumers because in exchange for the higher deposit amount, they get higher rates than with regular CD accounts.
Something you should note though is that you’ll be penalized if you withdraw funds from your jumbo CD account before the agreed termination date. Click here to visit the rate table above to view rates on financial products in Virginia.
Best CD Rates in Illinois | 1-Month to 5-Year IL CD Rates
Best CD Rates in Chicago | 1-Month to 5-Year Chicago CDs
Conclusion: Choosing the Best CD Rates in VA
As you can see, there are a lot of CD offers for you depending on where you live in Virginia.
No matter what type of account you choose, a CD can be a great option for consumers that struggle with keeping their savings intact long enough for their account to grow.
Consider your financial goals, your current savings plan, and the best CD rates in Virginia to choose the best savings account for your personal financial goals.
First Time Home Buyers in Ohio | Best Rates & Programs for Ohio First Time Home Buyers
Current Mortgage Rates in Maine | Home Loans in Maine for Good-Excellent Credit Borrowers
CD, Savings and MMA Rate Table Disclaimer
Click here to read AdvisoryHQ’s disclaimer on the rate table(s) displayed on this page.
Table source:
https://www.google.com/search?q=biggest+cities+in+virginia&oq=biggest+cities+in+virginia
Image source:
https://pixabay.com/en/virginia-beach-oceanfront-beach-350572/
AdvisoryHQ (AHQ) Disclaimer:
Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.
Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ's affiliates. Click to view AdvisoryHQ's advertiser disclosures.