Banking Rates & News

Roanoke Metro Area

Including Altavista, Amherst, Appomattox, Arbovale, Bassett, Bedford, Blacksburg, Bland, Blue Grass, Blue Ridge, and 69 other towns.

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Banking in the Roanoke Area

Roanoke is a city of about 100,000 people in southwest Virginia near the border with West Virginia. Roanoke's wider metropolitan area, which includes the cities of Lynchburg, Danville, Salem, Christiansburg, Blacksburg, Martinsville, Vinton, Bedford, and Wytheville, has a little over 300,000 people.

Roanoke is the economic hub of southwest Virginia and southern West Virginia. For a small city, it has a fairly diverse economy, with strong healthcare, retail and manufacturing industries. The Roanoke Shops, now a Norfolk Southern maintenance facility, built nearly 500 steam locomotives for the Norfolk & Western railroad over a course of 80 years.

For its size, Roanoke has a fairly large banking industry. There are 26 banks and 39 credit unions that have their headquarters in the Roanoke region. Notable institutions headquartered in and around Roanoke include Carter Bank & Trust, Franklin Community Bank, N.A., The National Bank of Blacksburg, Valley Bank, and Member One Federal Credit Union. The Bank of Fincastle, which was established 1875, is the oldest financial institution still operating in the Roanoke area. Overall, the city and surrounding areas have a presence from nearly 50 banks and 45 credit unions with a total of about 600 branches.

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Local Deals & News

Wells Fargo Bank Has $300 Bonus For New Checking Customers
Deal Summary: $300 bonus for new checking customer. Availability: Nationwide Now through March 31, 2022, Wells Fargo Bank (Wells Fargo) is offering a $300 bonus when opening a new checking
$300 Checking Bonus
Wells Fargo has a new $300 checking bonus, which is targeted. (I received it in the mail today.) Can be done online or in-branch. 1. You must use your bonus
Freedom First (VA) Freedom Stash Checking Earns Top Rate
Deal Summary: Freedom Stash Checking, 5.00% APY on qualifying balances up to $10k. Availability: Residents of the Virginia counties of Botetourt, Craig, Franklin, Montgomery, and Roanoke, and the Virginia cities
Select Bank Kasasa Cash And Kasasa Saver Offer Competitive Earnings
UPDATE: 1/11/2021 - Available to Virginia residents Deal Summary: Kasasa Cash, 2.01% APY on qualifying balances up to $50k. Kasasa Saver, 1.05% APY on qualifying balances up to $250k. Availability:
Member One Federal Credit Union (VA) Has Top-Rate 19-Month CD
Deal Summary: 19-month CD, 1.15% APY, $10k minimum deposit. Availability: Residents of designated portions of Southwest Virginia, including Franklin and Montgomery Counties; 600+ Partner Companies/Organizations Member One Federal Credit Union’s
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