Banking Rates & News

Norfolk Metro Area

Including Ahoskie, Avon, BARCO, Boykins, Buxton, CAMDEN, Cape Charles, Capron, Carrollton, Chesapeake, and 51 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 Lowers 49 Month CD To 1.4% Starting May 2021
I inquired about the current 49 month CD rate with NASA Customer Service and received the following reply: "Thank you for contacting NASA Federal Credit Union. Upon reviewing the rates,
Nasa 49 Mo 1.5% Rate Extended For May
I expected the 49 month 1.5% rate to end with April but it looks like it has been extended for the month of May. Valid with Ira and regular certificates
15 Month Certificate Langley
Langley still offering 1 percent on 15 months. New money only
NASA Federal Credit Union Gives 49-Month CD Special Major Rate Boost
Deal Summary: 49-month Share Certificate Special, 1.50% APY, minimum $10k deposit of new money. Availability: Easy membership requirement In December, Maryland-based NASA Federal Credit Union (NASA Federal) raised the rates
Langley Federal Credit Union Has New 15-Month CD Special
Deal Summary: 15-month CD Special, 1.00% APY, $1k min/$25k max deposit, new money Availability: Easy membership requirement For a limited time, Langley Federal Credit Union (Langley FCU) is offering a
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