Banking Rates & News

Norfolk Metro Area

Including Virginia Beach, Norfolk, Chesapeake, Newport News, Williamsburg, Suffolk, Hampton, Elizabeth City, Portsmouth, Yorktown, and 49 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

2.60% 11-Mo CD & 2.10% Savings Acct Regional Promotions
Wells Fargo is currently offering a 2.60% APY, 11-month CD which requires a minimum deposit of $25,000 (new money).They are also offering a 2.10% APY, Platinum Savings Account which also
Navy Federal Offers 6-Month CD Special, 3.00% APY
Deal Summary: Celebration Special Rate 6-Month Certificate, 3.00% APY, $1k minimum deposit. Availability: Nationwide, but a military relationship required for membership. On Saturday, Punxsutawney Phil did not see his shadow,
Celebration Special Rate 6-Month Certificate (Share/IRA/ESA)
This offer, Minimum deposit is $1,000, Term is 6 months, Rate is 2.96% w/ APY of 3.00% and is effective February 4, 2019. Navy Federal reserves the right to end or
NASA Federal Credit Union Brings Back 15-Month CD Special, 3.20% APY
Deal Summary: Share Certificate Specials – 15-month (3.20% APY), 25-month (3.25% APY), 49-month (3.35% APY), minimum deposit of $10k of new money. Availability: Easy Membership Requirement While CD rates may
PNC Ups Relationship Account Rates Again
PNC has raised rates on $100K+ Premiere Money Market Account with relationship checking to 2.00%!
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