Banking Rates & News

Norfolk Metro Area

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Including Virginia Beach, Norfolk, Chesapeake, Newport News, Williamsburg, Suffolk, Hampton, Elizabeth City, Portsmouth, Yorktown, and 49 other towns.

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Banking in the Norfolk Area

Norfolk is in southeast Virginia, located at the mouth of Chesapeake Bay. It is the second-largest city in the state, with about 250,000 people, and is part of the wider Hampton Roads metropolitan area, which, with about 1.7 million people, also is second largest in Virginia. Other top cities in the region include Virginia Beach, Chesapeake, Williamsburg, Newport News, Hampton, Portsmouth, Suffolk, Elizabeth City, and Yorktown.

Norfolk does not have many banks locally headquartered for a city its size, but largely thanks to its role as a major Naval port and shipbuilding center, it has a lot of credit unions. There are only 10 banks with headquarters in the area, but there are 46 credit unions. Notable institutions headquartered in the region include TowneBank, Langley Federal Credit Union, Southwest Community CU, Bank of Hampton Roads and Bayport Credit Union. The oldest institution with headquarters in the area that still operates today is Farmers Bank (VA), which was established in 1919.

There are many other banks and credit unions with a presence in the Norfolk area. Altogether, there are approximately 680 total branches from more than 40 banks and 55 credit unions.

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Local Deals & News

Chartway Federal Credit Union Adds 9-Month CD Special, 2.75% APY
Deal Summary: 9-month CD Special, 2.75% APY, $500 minimum deposit. Availability: Easy membership requirement It’s been almost a year since I wrote about Virginia-based Chartway Federal Credit Union (Chartway). At
Navy Federal CU Has 5 Year 3.5% CD
Navy Federal CU has 5 year 3.5% CD
Great News! Navy Federal Offering 3.50% APY 5-Year CD
Navy Federal just increased its 5-year CD rate to 3.50% APY on all tiers (minimum deposit $1,000.) This applies to both the Share Certificates and IRA Certificates. This is just
NASA FCU Drops Rate Specials Again
New rates: 49 months 2.50% 15 months 2.40%
Navy Federal 10-Month Add-On CD No Longer Listed
The Navy Federal 10-month 2.75% APY add-on CD is no longer listed on the credit union's rate page as of July 1.
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