Virginia Credit Union Money Market Rates and Accounts

If you're a member of Virginia Credit Union, you have access to a variety of money market accounts with competitive rates. These accounts are liquid, meaning you can withdraw your money when needed.

Virginia Credit Union's money market accounts typically require a minimum balance to avoid fees, with some accounts requiring as little as $100.

Virginia Credit Union offers a competitive Advantage Money Market account with varying interest rates based on your balance.

For balances between $0 and $999.99, the APY is a flat 0.00%. Balances between $1,000 and $9,999.99 earn an APY of 0.45%, while balances between $10,000 and $49,999.99 earn an APY of 0.95%. Balances between $50,000 and $99,999.99 earn an APY of 1.95%, and balances between $100,000 and $499,999.99 earn an APY of 2.45%. Finally, balances of $250,000 or more earn an APY of 2.95%.

Here's a breakdown of the Advantage Money Market APYs based on balance:

The Advantage Money Market account also has a separate set of APYs for business accounts, with varying rates based on balance.

If you're looking for a Virginia credit union with competitive money market rates, you've got options. Chartway offers a range of accounts with varying APYs.

For Personal Choice Money Market Accounts, the APY ranges from 0.40% to 1.00%, depending on your balance tier. Tiers are defined by balance ranges, from $2,000 to $250,000 or more.

Here's a breakdown of the APYs for each tier:

Personal Choice Accounts offer a variety of dividend earning tiers, each with its own minimum balance requirement and Annual Percentage Yield (APY). The APYs range from 0.40% to 1.00%.

The Personal Choice Money Market Account has six dividend earning tiers, with the highest APY of 1.00% available for balances of $250,000 or more.

Here's a breakdown of the APYs for each tier:

The Personal Choice Plus Money Market Account also offers a tiered APY system, but with a different set of requirements. For balances under $250,000, the APY is 0.05%, while balances of $250,000 or more earn a 2.90% APY.

Personal Share Certificates are a great option for those looking for a high-yield savings account with a low minimum balance requirement. You can earn a decent interest rate with a minimal upfront commitment.

The 6-Month and 9-Month terms have a minimum balance requirement of just $1,000.00, making them accessible to a wide range of savers. For example, the 6-Month term offers an APY of 0.45%.

Some terms require a higher minimum balance, like the 10-Month term, which demands $10,000.00 to earn a 2.50% APY. Others, like the 12-Month term, have a lower minimum balance requirement of just $1,000.00 and offer a higher APY of 3.90%.

If you're willing to lock your money in for a longer period, you can earn even higher interest rates. The 21-Month term, for instance, offers an APY of 3.80%, and the 60-Month term has a minimum balance requirement of $10,000.00 and offers an APY of 3.80%.

Here's a quick summary of the APYs for some of the shorter-term Personal Share Certificates:

Keep in mind that the APYs listed above are subject to change, so be sure to check the fine print before making a decision.

Comparing accounts can be a daunting task, especially with so many options available.

The most basic account option is the Individual account, which allows for a single user to manage their own account.

This type of account is ideal for individuals who only need to manage their own finances.

The Business account, on the other hand, is designed for companies and organizations with multiple users.

It offers advanced features such as user permissions and account reporting, making it a great option for businesses with multiple employees.

Another key difference between Individual and Business accounts is the level of support offered.

Individual account holders can expect basic support through email and phone, while Business account holders receive priority support with dedicated account managers.

Ultimately, the choice between an Individual and Business account depends on the user's specific needs and requirements.

Opening an account is a straightforward process that can be completed online or in-person. To get started, you'll need to provide some basic personal and financial information.

You can choose from a variety of account types, including checking, savings, and money market accounts. Each type of account has its own benefits and features, such as interest rates and fee structures.

In the article, we discussed the benefits of opening a checking account, which include the ability to write checks and use a debit card. A savings account, on the other hand, is designed for long-term savings and typically earns a higher interest rate.

To open an account, you'll need to provide identification and proof of address, such as a driver's license or utility bill. You may also be required to make an initial deposit, which can be as low as $25.

The online application process typically takes around 10-15 minutes to complete, and you can track the status of your application online. In-person applications may take longer, but you'll have the opportunity to ask questions and get assistance from a representative.