Best Portsmouth, VA Bank Account Rates – April 11, 2011
With so many banking account options today, you can have your pick of the best available rates in Portsmouth. Smart investors ensure that their bank account works for them, earning interest while they save. If you currently have money in a savings account, ask yourself, “Is this bank earning me the right amount of interest?”
If not, shopping around for the best rate is easy with Portsmouth Banking Rates. Using our comprehensive database, Portsmouth Banking Rates is able to bring you a list of the most competitive rates in VA from local banks and credit unions. We do all of the hard work so you don’t have to.
Average Portsmouth, VA Certificate of Deposit Rates
Currently, among the 6 6-month CD accounts available, the average 6 month CD rate is 0.51% APY, while out of 10 12 month CDs the average is 0.86% APY and 24 month CDs average 1.31% APY with 10 accounts available. Look for financial institutions offering rates that exceed these averages to decide where the best CD rates are.
Best 6-Month CD Rate
Virginia Beach Schools Credit Union: 0.65% APYHighest 12-Month CD Rate
Pfd Firefighters Inc. Credit Union: 1.51% APY
Top 24-Month CD Rate
Norfolk Credit Union: 2.27% APY
Top Savings Interest Rates in Portsmouth, VA
When it comes to saving money, your bank account’s interest rate is one of the most important things to consider. The average savings rate in VA is currently 0.38% APY, but banks and credit unions near you are offering better rates.
Below is a list of the current top savings rates in Portsmouth, VA
- Pfd Firefighters Inc. Credit Union: 1%
- Norfolk Fire Department Credit Union: 0.75%
- Norfolk Credit Union: 0.5%
