Mason Holloway - Mr. Handyman of Richmond and HouseMaster Home Inspections

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
Cardinal Checking More $100.00 None No Unlimited No

CARDINAL CHECKING

  • Minimum opening deposit of $100
  • Unlimited check writing and withdrawals
  • No monthly minimum balance
  • No maintenance fee
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 of $20
  • 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
The Virginian
(60 years of age and older)		 More $25.00 $500.00 Yes if balance under minimum Unlimited Yes

THE VIRGINIAN

  • 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
Health Savings Account More $50.00 None No Unlimited Yes

HEALTH SAVINGS ACCOUNT

  • Minimum opening deposit of $50
  • For use in conjunction with High-Deductible Health Plans
  • Unlimited check writing and withdrawals
  • No monthly minimum balance
  • No monthly maintenance fee
  • Market interest rate earned on all balances
  • Interest paid monthly
  • Subject to HSA rules and regulations

Savings Accounts

Account Learn More Opening Deposit Minimum Balance Maintenance Fee Check Writing and Withdrawals Interest Earned
Personal Savings More $100.00 None No 6 withdrawals per month Yes

PERSONAL SAVINGS

  • Minimum opening deposit of $100
  • Limit of 6 check withdrawal items per month, $10 each if over 6
  • No monthly minimum balance
  • No monthly maintenance fee
  • Market interest rate earned on all balances greater than $100
  • Interest paid monthly
Dogwood Savings More $10.00 None No 6 withdrawals per month Yes

DOGWOOD SAVINGS

  • Minimum opening deposit of $10
  • Minor account - for clients under 18 years of age
  • Limit of 6 withdrawal items per month, $10 each if over 6
  • No monthly minimum balance
  • No monthly maintenance fee
  • Market interest rate earned on all balances greater than $10
  • Interest rate may change
  • Fees may reduce earnings
Money Market Account More $100.00 $1,000.00 Yes if balance under minimum 6 items per month Yes

MONEY MARKET ACCOUNT

  • Minimum opening deposit of $100
  • Limit of 6 check writing and withdrawal items per month, $10 each if over 6
  • $1,000 minimum balance to avoid monthly maintenance fee of $10
  • Interest paid monthly
  • Tiered interest rates
Premium Money Market Account More $100,000.00 $100,000.00 Yes if balance under minimum 6 items per month Yes

PREMIUM MONEY MARKET ACCOUNT

  • Minimum opening deposit of $100,000
  • Limit of 6 check writing and withdrawal items per month, $15 each if over 6
  • $100,000 minimum balance to avoid monthly maintenance fee of $25
  • Interest paid monthly
  • Tiered premium interest rates
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                  Stated initial rate
    13-24 months                1 year CD rate
    25-36 months                2 year CD rate
    37 months or longer      3 year CD rate
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
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.