Handful of Competitive 12 Month CD Rates in Virginia

December 8, 2011 No Comments »

Live in VA and looking to stash some cash in a short term bank deposit? Check out some of the 12 month and 14 CD rates provided by the highlighted institutions below.

Typically CD’s come with rounded terms such as 6 months, 12 months, 2 years, etc., however when an institution offers an oddball maturity it usually means it’s a promotional offer and will come with an attractive rate. This holds true for the 14 month CD offered by River Community Bank in Stuart, VA which features an APY of 1.40% on $10,000 deposits.

Thanks to BankVibe.com reader Glen for tipping us off on this offer!

River Community Bank has several locations throughout Virginia with branches in Martinsville and Dansville as well as Henry, Patrick, Charlotte, and Pittsylvania counties.

If you don’t reside near a River Community Bank but live in VA there are plenty of other local institutions offering competitive rates on 1 year CD’s. Below are the highest yielding offers from local banks and credit unions. The rates on the products featured below are accurate as of December 2011. Compare these with CD rates from around the country to see how they stack up against the competition.

Top 12 month CD rates VA:

- URW Community Federal Credit Union featuring 1 year CD’s yielding 1.27% APY requiring a minimum deposit of at least $2,500.

- Carter Bank and Trust featuring 1 year CD’s yielding 1.25% APY requiring a minimum deposit of at least $100.

- Farmers and Merchants Bank of Craig County featuring 1 year CD’s yielding 1.25% APY requiring a minimum deposit of at least $100.

- Freedom Bank of Virginia featuring 1 year CD’s yielding 1.20% APY requiring a minimum deposit of at least $2,500.

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