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

Langley Federal Credit Union Adds 21-Month Promo Certificate
Deal Summary: 21-month Promo Certificate, 1.00% APY, $1k min/$25k max deposit, available to all current members and new members in DC, MD, NC, and VA, limit of one per member.
Langley 21M 1.00%APY CD For Existing Members *OR* Slected New Members.
Email from Langley FCU this morning: Langley 21m 1.00%APY CD for all current members OR new members in Virginia, North Carolina, Maryland, Washington D.C. minimum to open is $1,000 with
Northern Star Credit Union (VA) Long-Term CDs Have Competitive Rates
Deal Summary: Share Certificates – 60-month (1.50% APY) and 48-month (1.25% APY), $1k minimum deposit. Availability: Seven communities in Virginia’s Hampton Roads metro area. Northern Star Credit Union (Northern Star)
Unique Variable Rate Certificate Special at Langley FCU
Deal Summary: 60-month Variable Rate Certificate Special, 1.00% APY; subsequent monthly rate changes based on Prime Rate minus 2.25% Promotion Margin; $1k min/$50k max deposit. Availability: Easy membership requirement, but
BCU Offers Three Competitive CD Specials
Deal Summary: CD Specials – 5-month (0.65%APY), 11-month (0.75% APY), and 18-month (1.00 APY), minimum $500 deposit. Availability: Five northeast Illinois counties and one southeast Wisconsin county; nearly 100 SEGs.
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