Community Banking that keeps your interests in mind

Deposit Accounts

VNB offers checking and savings accounts for every age, stage, and budget. Our Basic Checking and Money Market savings accounts feature small opening-deposit requirements with limited withdrawals, while our more robust Commonwealth and Phoenix accounts provide more flexibility with larger balances. We even offer a Funds Management CD for ultimate flexibility.

Checking Accounts

Account Learn More Opening Deposit Minimum Balance Maintenance Fee Check writing and Withdrawals Interest Earned
Basic Checking More $25.00 None Yes 20 free per statement cycle No

BASIC CHECKING

  • Minimum opening deposit of $25
  • No minimum balance required; monthly maintenance fee
  • 20 free withdrawals (including electronic withdrawals) or checks per monthly statement cycle
  • $0.50 per item after 20 withdrawals
  • Monthly statements
  • No transaction fee for the use of Virginia National Bank ATMs
Regular Checking More $100.00 $750.00 Yes if balance under minimum Unlimited No

REGULAR CHECKING

  • Minimum opening deposit of $100
  • Unlimited check writing and withdrawals
  • $750 average daily balance required to avoid monthly maintenance fee
  • Monthly statements
  • Free use of Virginia National Bank ATMs
Interest Checking More $100.00 $1,000.00 Yes if balance under minimum Unlimited Yes

INTEREST CHECKING

  • Minimum opening deposit of $100
  • Unlimited check writing and withdrawals
  • $1,000 average daily balance required to avoid monthly maintenance fee
  • Market interest rate earned on all balances
  • Interest paid monthly
  • Monthly statements
  • No transaction fee for the use of Virginia National Bank ATMs
Commonwealth Account More $100.00 $2,500.00 Yes if balance under minimum Unlimited Yes

COMMONWEALTH ACCOUNT

  • Minimum opening deposit of $100
  • Unlimited check writing and withdrawals
  • $2,500 average daily balance or $25,000 in a combination of deposit and loan accounts with common ownership to avoid monthly maintenance fee
  • Market interest rate earned on all balances
  • Interest paid monthly
  • No charge for select wallet-size checks
  • No charge to purchase official checks
  • No charge for use of a small safe deposit box (3x5) or an equal credit toward a larger box
  • No charge for online bill pay
  • Monthly statements
  • No transaction fee for the use of Virginia National Bank ATMs
The Virginian
(customers 60 years of age and older)
More $25.00 $500.00 Yes if balance under minimum Unlimited Yes

THE VIRGINIAN

  • For customers 60 years of age and older
  • Minimum opening deposit of $25
  • Unlimited check writing and withdrawals
  • $500 average daily balance to avoid monthly maintenance fee
  • Market interest rate earned on all balances greater than $1,000
  • Interest paid monthly
  • No charge for first order of select wallet-size checks
  • Monthly statements
  • No transaction fee for the use of Virginia National Bank ATMs

Savings Accounts

Account Learn More Opening Deposit Minimum Balance Maintenance Fee Check writing and Withdrawals Interest Earned
Money Market Account More $50.00 $300.00 Yes if balance under minimum 6 free per statement cycle Yes

MONEY MARKET ACCOUNT

  • Minimum opening deposit of $50
  • 6 withdrawals allowed per statement cycle period
  • $5 per withdrawal after 6 withdrawals
  • $300 average daily balance or $50,000 in a combination of deposit and loan accounts with common ownership to avoid monthly maintenance fee
  • Monthly maintenance fee waived for minors until eighteenth birthday
  • Interest paid monthly
  • Tiered interest rate structure
  • Monthly statements
  • No transaction fee for the use of Virginia National Bank ATMs
Phoenix Account More $1,000.00 $1,000.00 None 10 day grace period after maturity Yes

PHOENIX ACCOUNT

  • Minimum balance of $1,000
  • Deposits permitted at any time
  • Maturity every 90 days
  • 10 day grace period after maturity for withdrawals
  • Automatic renewal
  • Interest paid every 90 days at maturity
  • Early-withdrawal penalty equal to 90 days' forfeiture of interest, regardless if earned
  • Market interest rate is tiered by age of account:
    1-12 months                  6 month CD rate
    13-24 months                1 year CD rate
    25-36 months                2 year CD rate
    37 months or longer      3 year CD rate
  • Calendar quarter statements
Certificate of Deposit More $500.00 $500.00 None 10 day grace period after maturity Yes

CERTIFICATE OF DEPOSIT

  • Minimum opening deposit of $500, unless otherwise stated
  • Terms of 3 months to 5 years
  • 10 day grace period after maturity for withdrawals
  • Penalty for early withdrawal, forfeiture of interest, regardless if earned, as follows: 3 months' forfeiture for CD with term of 1 year or less; 6 months' forfeiture for CD with term greater than 1 year
  • Automatic renewal
  • Interest paid quarterly
  • Calendar quarter statements
CDARS® More $10,000 if over $250,000 in other VNB accounts $10,000.00 None Unavailable Yes

CDARS® CERTIFICATE OF DEPOSIT ACCOUNT REGISTRY SERVICES®

  • Full FDIC Insurance on CDs up to $50 million
  • Work with 1 bank on all CD deposits from $10,000 to $50,000,000
  • 1 interest rate on CDs placed through CDARS®
  • 1 monthly statement detailing your CD balances
  • Wide variety of maturities ranging from 4 weeks to 5 years
Funds Management Certificate of Deposit More $50,000.00 $50,000.00 None Unavailable Yes

FUNDS MANAGEMENT CERTIFICATE OF DEPOSIT

  • Minimum opening deposit of $50,000
  • Terms of 7 to 365 days
  • Interest paid at maturity
  • No early withdrawal
  • Single maturity, no automatic renewal

Interest rates available at any Virginia National Bank office.

Terms may vary for deposit accounts with any promotions offered by Virginia National Bank.