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

$300 Bonus With Qualifying Direct Deposit And Debit Card Purchases.*
*$300 checking bonus requires opening a Premier eChecking account between 5/3/2021 and 7/31/2021, establishing a $2,000 minimum monthly recurring direct deposit for 3 consecutive months and making at least 20
!4 MONTH CD AT 1.25%
This is for new members only. https://www.langleyfcu.org/deposits-certificate
Did NASA FCU Change The Eligibility Requirements?
I just received something in the mail from them saying that anyone who joins must be in accordance with their membership requirements but with no more detail than that. I
Langley Federal Credit Union Adds New 14-Month CD Special
Deal Summary: 14-month CD Special, 1.25% APY, $1k min/$10k max deposit, new money, new members in DC, MD, NC, and VA only. Availability: Easy membership requirement Langley Federal Credit Union’s
Navy Fed's 12-mo 3% EasyStart CD requires Direct Deposit
Certificate has a great rate, although limited to $3,000 But here's the big GOTCHA (and likely deal breaker):
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