Top Long-Term CD Rates at Access National Bank in VA - Local Only


1.90%$10k-Access National Bank7 Year CD
1.75%$10k-Access National Bank6 Year CD
1.65%$10k-Access National Bank5 Year CD
1.45%$10k-Access National Bank4 Year CD
1.20%$10k-Access National Bank3 Year CD
Accounts mentioned in this post. Rates as of October 17, 2017.

Access National Bank is offering several competitive rates on its long-term CDs and IRA CDs. It's one of the few institutions still offering over 3% on a 5-year CD term, and it's one of the very few institutions to offer a 6-year CD with a rate that's much higher than the 5-year term. Below is a list of the best rates as shown on the bank'a rates page as of 9/24/2010:

  • 3.50% APY 7-year CD
  • 3.40% APY 6-year CD
  • 3.05% APY 5-year CD
  • 2.75% APY 4-year CD
  • 2.35% APY 3-year CD

Minimum deposit is $10,000. According to the bank's CD page, the early withdrawal penalty for terms over one year is 6 months of interest. That's a mild penalty for terms over 5 years.

Right above each rate table there's an online application link. From the look of the application, there doesn't appear to be any restriction on who can open an account. I just sent an email asking about this. Update: I received a reply to my email. According to the bank' rep, they offer accounts for their market area only (Washington DC, Maryland and Virginia).

The bank is based in Reston, Virginia with branches in the greater DC Metropolitan area.

The bank's overall health score is 4 out of 5 with a Texas Ratio of 14.57% (excellent) based on 6/30/10 data. Please refer to our financial overview of Access National Bank for more details. The bank has been a FDIC member since 1999 (FDIC Certificate # 35189).

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Related Pages: Access National Bank, Washington, Richmond, CD rates, IRA rates

starlight   |     |   Comment #1
I called to open a 6 year $50K cd and Matt CSR told me they are not accepting funds outside the DC VA metro area.
KenBDG   |     |   Comment #2
Thanks Starlight for calling. I received the same info in the email. It's definitely only a local deal.
5.50% 6-Month CD at a Virginia Bank
Access National Bank is offering a 5.50% APY 6-month certificate of deposit. The minimum is $10K.

The bank provides an online application for opening CDs and other accounts. However, the bank only accepts applications within their primary service area, which consists of Virginia, Maryland and Washington DC. The online application allows you to fund the CD with an ACH electronic transfer, a wire transfer, or by mailing a check. I also noticed in the application a checkbox that stated: "I authorize Access National Bank to obtain a copy of my current...

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