Banking Rates & News

Norfolk Metro Area

Including Ahoskie, Avon, BARCO, Boykins, Buxton, CAMDEN, Cape Charles, Capron, Carrollton, Chesapeake, and 47 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

NASA Federal Credit Union Share Certificate Special Rates Jump Up
Deal Summary: Share Certificate Specials – 9-month (5.65% APY), 15-month (5.45% APY), 49-month (4.85% APY), minimum $10k deposit, new money, available through June 30, 2023. Availability: Easy membership requirement Maryland-based
NASA Federal Credit Union May -> June Changes
NASA Federal Credit Union May -> June changes 9-month 5.50% -> 5.65% 15-month 5.30% -> 5.45% 49 month 4.60% -> 4.85%
Penfed Premium Online Savings
Effective 6/1/2023, PenFed Premium Online Savings account rate is increasing to 3.00% APY. Notified via email this afternoon.
5.50% APY 11 Month CD Or IRA, 25K+
First Horizon Bank 5.38% Money Market Savings Account Promotion -- In-Branch Only
I am in no way recommending this account, and only posting it for information purposes. First Horizon Bank is offering a special promotion. If one opens a new checking account,
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