Banking Rates & News

Norfolk Metro Area

Including Virginia Beach, Norfolk, Chesapeake, Newport News, Williamsburg, Suffolk, Hampton, Portsmouth, Elizabeth City, Yorktown, and 50 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 Offers Top Rate 15-Month CD, 3.25% APY
Deal Summary: Share Certificate Special – 15-months (3.25% APY), 49-months (3.35% APY), at least $5k of new money to open. Availability: Easy Membership Requirement At the beginning of the year,
$200 Checking Promotion
$200 bonus for opening a "Bright Banking"* checking account and either adding two direct deposits (min. $100 ea) or three online bill-pay transactions (min $25 ea) within 75 days. Enter
Raised Rates For Certificates
NASA Fed Cred raised their 49 month Certificates to 3.35% APY and the 15 month to 3.25% APY.
15 Month CD @ 3.25%
Just saw this on their website. Minimum deposit of $5K required.
Kasasa Checking Amt Increase From 10K To 25K
The kasasa checking for this bank is still at 2.25% with usual requirements, but them amount has been increased to a total of 25k https://www.sonabank.com/personal/personal-checking/free-kasasa-cash.html
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