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 Rate-Leading 16-Month Promo CD
Deal Summary: 16-month Promo Certificate, 4.00% APY, $500 minimum deposit, new money. Availability: Easy membership requirement With the unveiling of a new 16-month Promo Certificate earning 4.00% APY, Virginia-based Langley
4% 16-Month CD
Another great special from Langley FCU. Annual Percentage Yield of 4.00% for a 16-Month Certificate. The minimum balance to open the certificate is $500. No maximum deposit. Includes IRA Certificates.
Wells Fargo Leaps Ahead Of Brokered CD Competitors For Multiple Durations (2-Year 3.75%)
On Vanguard, here are Wells Fargo current non-callable Brokered CD offers as of 3:45pm Eastern, September 13 3.75% 2-year 3.70% 18-month 3.65% 12-month 3.60% 9-month 3.50% 6-month
Navy FCU Extends "Outstanding" Rate When You Open A Special 20-Month Certificate
Just a heads up to anyone that might want to know, the Navy FCU Special 20-month 3% APY Certificate that was due to expire on this Sunday September 11, 2022
NASA FCU Extends 9, 15 And 49 Month CD Specials Into September
Here is the key footnote wording regarding these three certificates from the NASA rates page. Note the "subject to change at any time" phrase, but for now the certificates are
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