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

Self-Help Credit Union Boosts Long-Term CD Rates
Deal Summary: CDs – 48-month and 60-month, 4.86% APY, $500 minimum deposit. Availability: Easy membership North Carolina-based Self-Help Credit Union (SHCU) recently added 26 bps and 21 bps, respectively, to
Five Years At 5%+
I just purchased a WF brokered CD on the Vanguard brokerage website with a 5 year maturity at 5.05% YTM. This is a new issue, CUSIP 949764HE7, so there is
Truliant FCU Limited Time Special 4% - 6.25% APY CD's
NEW MONEY AND LIMITED AVAILABILITY/MEMBERSHIP REQUIREMENTS Limited-Time 11 Month Term 6.25% 6.063% $5,000 Limited-Time 17 Month Term 5.55% 5.4020% $5,000 Limited-Time 25 Month Term 5.25% 5.12% $5,000 Limited-Time 8 Month Term, Penalty-Free Withdrawals 4.50%
Truliant Federal Credit Union Adds 17-Month Certificate Special
Update 9/21/23: A new 11-month Certificate Special was just introduced: 6.25% APY, $5k minimum deposit. This post was first published on 9/18/23. Deal Summary: 17-month Certificate Special, 5.55% APY, $5k
11 Month CD @5% APY At Wells Fargo
Just got an email on this. $5000 minimum.
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