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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 $1,000.00 Yes if balance under minimum Unlimited No

REGULAR CHECKING

  • Minimum opening deposit of $100
  • Unlimited check writing and withdrawals
  • $1,000 minimum balance required to avoid monthly maintenance fee
  • 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 minimum 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 minimum balance to avoid monthly maintenance fee of $5 per month
  • 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
Savings Account More $25.00 $300.00 Yes if balance under minimum 6 free per statement cycle Yes

Savings Account

  • Minimum opening deposit of $25
  • 6 withdrawals allowed per statement cycle period
  • $5 per withdrawal after 6 withdrawals
  • $300 minimum balance to avoid monthly maintenance fee of $4
  • Interest paid monthly
  • Monthly statements
  • No transaction fee for the use of Virginia National Bank ATMs
Money Market Account More $100.00 $1,000.00 Yes if balance under minimum 6 free per statement cycle Yes

MONEY MARKET ACCOUNT

  • Minimum opening deposit of $100
  • 6 withdrawals allowed per statement cycle period
  • $5 per withdrawal after 6 withdrawals
  • $1,000 minimum balance to avoid monthly maintenance fee of $10
  • Monthly maintenance fee waived for minors until eighteenth birthday
  • Interest paid monthly
  • Tiered interest rate structure: $1 to $9,999.99; $10,000 to $24,999.99; $25,000 to $49,999.99; $50,000 to $74,999.99; $75,000 to $99,999.99; $100,000 and over
  • Monthly statements
  • No transaction fee for the use of Virginia National Bank ATMs
Premium Money Market Account More $1,000.00 $1,000.00 Yes if balance under minimum 6 free per statement cycle Yes

PREMIUM MONEY MARKET ACCOUNT

  • Minimum opening deposit of $1,000
  • 6 withdrawals allowed per statement cycle period
  • $15 per withdrawal after 6 withdrawals
  • $100,000 minimum balance to avoid monthly maintenance fee of $12
  • Interest paid monthly
  • Tiered premium interest rates: (Rates effective February 1, 2018, subject to change)
    Under $100,000 – same interest rates as Money Market Account
    $100,000 to $499,999.99 .75% APY*
    $500,000 to $999,999.99 1.00% APY*
    $1,000,000 to $4,999,999.99 1.11% APY*
    $5,000,000 and over 1.26% APY*
    *Annual Percentage Yield (APY)
  • 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
30-Month CD Special More $10,000.00 $10,000.00 None 10 day grace period after maturity Yes

HARVEST YOUR MONEY 30-MONTH CD SPECIAL

  • 2.65% APY on a 30-Month Certificate of Deposit account
  • Minimum opening deposit of $10,000
  • Minimum balance to earn the 2.65% APY is $10,000
  • If balance falls below $10,000, rate will automatically change to 1.00%
  • Accurate as of November 2, 2018
  • Limited time offer subject to change
  • Early withdrawal penalty may apply
  • Fees may reduce earnings on the account
  • After maturity, it will roll over into a 30-month CD, and you will earn the base rate of interest in effect for the 30-month CD
  • Option to request an increase in rate one time after 12 months of opening account
  • Alternatively, option to take one penalty-free withdrawal during the 30-month term after the first 12 months of opening account
9-Month CD Special More $10,000.00 $10,000.00 None 10 day grace period after maturity Yes

HARVEST YOUR MONEY 9-MONTH CD SPECIAL

  • 2.00% APY on a 9-Month Certificate of Deposit account
  • Minimum opening deposit of $10,000
  • Minimum balance to earn the 2.00% APY is $10,000
  • If balance falls below $10,000, rate will automatically change to .50%
  • Accurate as of November 2, 2018
  • Limited time offer subject to change
  • Early withdrawal penalty may apply
  • Fees may reduce earnings on the account
  • After maturity, it will roll over into a 9-month CD, and you will earn the base rate of interest in effect for the 9-month CD
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.