Best 6-Month CD Rates in Virginia, VA

You are viewing rates from banks across Virginia

Below are the best six-month CD Rates from banks with branches in Virginia. Six-month CDs are considered short-term cds and the yield is comparable to savings and money market rates. You may want to consider opening a 6 month CD if you are concerned about savings rates dropping and don’t mind locking up your money for six months.

VA - December 15, 2024

6 Month CD National Average : 0.41% ^?

Banks	APY	MIN	MILES ^?
My e-Banc, a division of Bradesco BAC Florida Bank	4.50%	$5,000	-	Learn More Add Review
Rate History: 5.30% → 5.40% → 5.20% → 5.05% → 4.50%
Matty H \| Sep 22, 2023 Terrible bank. Terrible service. Not equipped to service customers outside Florida. Plays games with your taxes by issuing 1090s whenever. Really shouldn't be on this list or your radar. Avoid. Read More
Banesco USA	4.50%	$1,000	-	Learn More
Early Withdrawal Penalty is 90 days interest. Rate History: 5.10% → 5.25% → 5.20% → 5.00% → 4.50%
Dkplan \| Dec 27, 2022 They gave a hard time with their cashier's check. They returned my deposited check that was emitted by them. Could you believe? Read More Reviews (8)
Bask Bank, a division of Texas Capital Bank	4.45%	$1,000	-	Learn More Add Review
Early Withdrawal Penalty is 90 days interest. Rate History: 5.10% → 5.00% → 4.80% → 4.70% → 4.45%
smithy1968 \| Apr 20, 2024 Save your tears for another day. Very frustrating. 1-star. Read More
Presidential Bank, FSB	4.35%	$1,000	-	Learn More Add Review
Rate History: 2.50% → 4.85% → 4.35%
Hingham Institution for Savings	4.30%	$1,000	-	Learn More Add Review
Rate History: 4.85% → 4.80% → 4.50% → 4.39% → 4.30%
HSBC Bank USA, National Association	4.00%	$1,000	-	Learn More
Rate History: 4.00% → 4.40% → 4.25% → 4.15% → 4.00%
john \| Apr 14, 2020 I call HSBC they told me they don't have 1.85 1 year CD. current CD is 0.8 / year Read More Reviews (3)
TD Bank, National Association	4.00% 0.05%	$10,001 $10,000	-	Learn More
Rate History: 5.00% → 4.50% → 4.00%
Turonemckinney17@gmail.com \| May 19, 2018 Experience Read More Reviews (1)
The Farmers Bank of Appomattox	4.00% 3.85%	$100,000 $1,000	-	Learn More Add Review
Rate History: 4.75% → 4.60% → 4.50% → 4.15% → 4.00%
Atlantic Union Bank	4.00%	$1,000	-	Learn More
Rate History: 0.75% → 4.25% → 4.00%
tedd \| Jun 28, 2021 They bait and switch. Advertise cds at .40 but offer only .04 when in the office. Sharp business practice. Read More Reviews (2)
Bank of America, National Association	4.00%	$10,000	-	Learn More
Treasure \| Jul 24, 2023 BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... Read More Reviews (7)
Capital One, National Association	3.90%	$0	-	Learn More
Rate History: 4.35% → 4.25% → 4.20% → 4.00% → 3.90%
highstream \| Jan 2, 2024 Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More Reviews (14)
Manufacturers and Traders Trust Company	3.90%	$1,001	-	Learn More
Rate History: 4.75% → 4.90% → 4.75% → 4.50% → 5.00%
Claire blankinship \| Aug 5, 2020 I used to go to M&T when it was still Provident Bank. M&T has been very responsive to my needs and I have been pleased with the banking experience. Read More Reviews (3)
City National Bank	3.61%	$10,000	-	Learn More Add Review
Rate History: 4.07% → 3.61%
Gateway First Bank	3.35%	$500	-	Learn More
JohnC \| Oct 11, 2020 You probably thought - as did I - that you were looking at a site that belongs to and was the responsibility of Gateway First. After all it includes their headings, selected financial statements, many pag... Read More Reviews (3)
Bank of Whittier, National Association	3.33%	$1,000	-	Learn More Add Review
Citibank, National Association	3.25%	$500	-	Learn More
Rate History: 4.75% → 4.65% → 3.75% → 3.50% → 3.25%
Azoic \| Feb 25, 2022 I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account. Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary. Accelerate Savings w... Read More Reviews (11)
Chesapeake Bank	3.20%	$1,000	-	Learn More
Gripp13 \| Jan 27, 2023 The worst bank I have ever had Read More Reviews (1)
Woodforest National Bank	3.00%	$500	-	Learn More
Rate History: 3.35% → 3.00%
Jabbroadway42 \| Nov 17, 2020 Is notarie services available today at a woodforest on wilkinson blvd Read More Reviews (2)
USAA Federal Savings Bank	2.50%	$1,000	-	Learn More
Rate History: 5.25% → 4.65% → 4.55% → 3.45% → 2.50%
RYAN S \| Nov 28, 2022 While USAA was at one point a great option for all your banking needs, the service has deteriorated so much that I'm currently in the process of changing banks after more than 2 decades. The final straw w... Read More Reviews (2)
Benchmark Community Bank	2.50% 2.25%	$501 $500	-	Learn More Add Review
Wells Fargo Bank, National Association	2.00%	$25,000	-	Learn More
Rate History: 2.50% → 2.51% → 2.01% → 2.00%
Thy King \| Feb 6, 2023 after over 100k in transactions through this bank in the course of a year not only did i suffer from fraud but this bank closed my accounts and i have been lliable for all the losses and to top it off with... Read More Reviews (7)
United Bank	1.75%	$500	-	Learn More
Jimleestro \| Apr 12, 2019 United Bank in Front Royal does not know how to set up an inherited IRA. It took over two months to transfer it from Merrill Edge. Several mistakes were made. And then they did not title it correctly. T... Read More Reviews (1)
JPMorgan Chase Bank, National Association	1.50%	$10,000	-	Learn More
Rate History: 3.00% → 2.00% → 1.50%
Hayley7788d@outlook.com \| Jan 2, 2023 Terrible customer service by investment side. Fees too high , too full of themselves Read More Reviews (18)
MainStreet Bank	0.75%	$500	-	Learn More Add Review
Fulton Bank, National Association	0.70%	$1,000	-	Learn More Add Review
Powell Valley National Bank	0.65%	$10,000	-	Learn More Add Review
FVCbank	0.55%	$10,000	-	Learn More Add Review
The Freedom Bank of Virginia	0.55%	$10,000	-	Learn More Add Review
John Marshall Bank	0.50%	$10,000	-	Learn More Add Review
Miners Exchange Bank	0.40%	$1,000	-	Learn More Add Review
Highlands Community Bank	0.40%	$10,000	-	Learn More Add Review
New Horizon Bank, National Association	0.40%	$10,000	-	Learn More Add Review
Bank of Charles Town	0.35%	$10,000	-	Learn More Add Review
Hanmi Bank	0.35%	$100,000	-	Learn More Add Review
Touchstone Bank	0.35%	$10,000	-	Learn More
wallerjm \| Jul 22, 2022 I would never do business with a bank whose Vice Chairman Board of Directors, Norman Wagstaff, is the kind of right-wing nutjob that has done so much damage to our country. Read More Reviews (1)
Lee Bank and Trust Company	0.35%	$10,000	-	Learn More Add Review
Metro City Bank	0.33%	$1,000	-	Learn More
thedon \| Mar 29, 2020 have been waiting 8 weeks - yes 8 weeks for a closing date from this bank ..... they keep giving flimsy excuses requesting insignificant and unnecessary paperwork from us ( the seller ) the buyers who know... Read More Reviews (1)
Oak View National Bank	0.30%	$10,000	-	Learn More Add Review
Burke & Herbert Bank & Trust Company	0.30%	$10,000	-	Learn More Add Review
Village Bank	0.30%	$10,000	-	Learn More Add Review
VCC Bank	0.30%	$10,000	-	Learn More Add Review
SKYLINE NATIONAL BANK	0.25%	$2,500	-	Learn More Add Review
EagleBank	0.25%	$10,000	-	Learn More Add Review
Hanmi Bank	0.25%	$10,000	-	Learn More Add Review
Carter Bank & Trust	0.25%	$10,000	-	Learn More
Tom Brandy \| Aug 5, 2020 How Willian Investments Company Brought Happiness To My Home. Hello Everyone out there! My name is Tom Brandy, from USA, I am using this medium to announce to the general public on how Willian Investmen... Read More Reviews (1)
The Old Point National Bank of Phoebus	0.25%	$100,000	-	Learn More Add Review
The Blue Grass Valley Bank	0.25%	$10,000	-	Learn More Add Review
Pinnacle Bank	0.25%	$10,000	-	Learn More
jchitt@comcast.nrt \| Mar 5, 2019 Pinnacle has not had a 3% CD since Oct of 2018. Read More Reviews (3)
Martinsville First Savings Bank	0.25%	$10,000	-	Learn More Add Review
Movement Bank	0.25%	$10,000	-	Learn More Add Review
Legacy Bank	0.21%	$500	-	Learn More Add Review
The Bank of Charlotte County	0.21%	$10,000	-	Learn More Add Review
Bank of the James	0.20%	$10,000	-	Learn More Add Review
Citizens Bank and Trust Company	0.20%	$1,000	-	Learn More Add Review
Shore United Bank	0.20%	$500	-	Learn More Add Review
Capon Valley Bank	0.20%	$10,000	-	Learn More Add Review
MVB Bank, Inc	0.20%	$10,000	-	Learn More Add Review
Armed Forces Bank, National Association	0.20%	$10,000	-	Learn More
BENNIE BROOKS \| Mar 25, 2015 OLIVER NORTH AIR LINES GOVERNOR BLANCO Read More Reviews (2)
Blue Ridge Bank, National Association	0.20%	$10,000	-	Learn More
Jack \| Jul 20, 2020 This bank is very bad. I am posting my story here now, hoping to make a reference for those friends who want to become their customers. I was very excited when I saw Blue Ridge Bank, N.A. on Google beca... Read More Reviews (1)
Pendleton Community Bank, Inc.	0.20%	$10,000	-	Learn More Add Review
CornerStone Bank, National Association	0.20%	$10,000	-	Learn More Add Review
Farmers and Miners Bank	0.20%	$100,000	-	Learn More Add Review
New Peoples Bank, Inc.	0.20%	$10,000	-	Learn More Add Review
TruPoint Bank	0.15%	$1,000	-	Learn More Add Review
Sandy Spring Bank	0.15%	$10,000	-	Learn More
boon \| Oct 11, 2017 special; 14 MO CD 1.20% Read More Reviews (1)
The First Bank and Trust Company	0.15%	$10,000	-	Learn More Add Review
Bank of Botetourt	0.15%	$10,000	-	Learn More
GLENN HILL \| Mar 31, 2018 I have banked with Bank of Botetourt since 1960 when it was Bank of Troutville that later merged with Bank of Buchanan before becoming the Bank of Botetourt. An excellent bank with knowledgeable, helpful ... Read More Reviews (1)
The Old Point National Bank of Phoebus	0.15%	$10,000	-	Learn More Add Review
The Bank of Southside Virginia	0.15%	$10,000	-	Learn More Add Review
Farmers and Miners Bank	0.15%	$10,000	-	Learn More Add Review
First Bank	0.10%	$500	-	Learn More Add Review
First Horizon Bank	0.10%	$1,000	-	Learn More
D R Lineberger \| Dec 30, 2018 Garden14 Read More Reviews (1)
The National Capital Bank of Washington	0.10%	$10,000	-	Learn More Add Review
Farmers & Merchants Bank	0.10%	$10,000	-	Learn More Add Review
Citizens and Farmers Bank	0.10%	$10,000	-	Learn More Add Review
Old Dominion National Bank	0.10%	$10,000	-	Learn More Add Review
First National Bank	0.10%	$10,000	-	Learn More Add Review
The Bank of Marion	0.10%	$10,000	-	Learn More Add Review
Southern Bank and Trust Company	0.10%	$100,000	-	Learn More Add Review
The National Bank of Blacksburg	0.09%	$500	-	Learn More Add Review
Pioneer Bank	0.07%	$10,000	-	Learn More
Charla M \| Jan 12, 2021 We are a commercial customer that have been with Pioneer Bank since 2014 when they were privately held in Dripping Springs. Since they were sold we have been through 3 bank managers and the Manager servic... Read More Reviews (1)
First Community Bank	0.07%	$10,000	-	Learn More Add Review
KeyBank National Association	0.05%	$2,500	-	Learn More
Seeko \| Mar 28, 2023 On line banking gives a confirmation number when paying bills. But it doesn’t confirm that the bill will be paid only that they have the information. Ridiculous. Read More Reviews (2)
Towne Bank	0.05%	$10,000	-	Learn More Add Review
The Fidelity Bank	0.05%	$10,000	-	Learn More Add Review
Southern Bank and Trust Company	0.05%	$10,000	-	Learn More Add Review
U.S. Bank National Association	0.05%	$500	-	Learn More
Ugg \| Jun 12, 2023 US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More Reviews (2)
PNC Bank, National Association	0.03%	$25,000	-	Learn More
GAM \| May 18, 2019 Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More Reviews (1)
Chain Bridge Bank, National Association	0.03%	$10,000	-	Learn More Add Review
First-Citizens Bank & Trust Company	0.01%	$500	-	Learn More
MrBond \| Feb 25, 2023 I have been working for this company more than 5 years. I would not recommend any investment with First Citizens Bank. They are the worst performer on the market based on the customer and employee reviews... Read More Reviews (3)

All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

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PRODUCT INFORMATION

6 Month Branch Certificates of Deposit 2024

Six month certificates of deposit (CDs) provide depositors with a short term vehicle for keeping money safe and earning interest. With a six month CD, depositors agree to leave their money in the account for six months in return for a fixed rate of interest over this period. While it is possible to withdraw the money earlier (breaking the CD) doing so comes with high interest penalties and is generally not advised.

In general, almost all brick-and-mortar banks provide CDs to their consumers. Opening one involves taking a trip to the branch although some banks allow CDs to be opened via the phone or online. In general, local banks discourage depositors from out-of-state to open accounts, although this is not a hard rule and if you see an attractive rate from a bank in another state, it is worth investigating the account opening policy. Online banks generally offer better rates on six month CDs but the accounts must be opened online. View online bank rates.

The advantages of six month CDs opened via a traditional bank are:

Funds deposited in FDIC banks and within insurance limits are protected by the full faith and credit of the United States government.
CDs provide a predictable, set rate of return.
Depositors can walk into a local branch and open the CD and fund it that day. Question and inquiries can also be handles in-person.

The disadvantages of six month CDs are:

Six month CDs currently pay interest rates significantly below many online and branch-based savings and money market accounts.
The deposited money is committed for six months.
Six month CDs from traditional banks often pay less interest than from online banks.

When interest rates are falling, it is often preferable to lock in high rates for an extended period of time with a longer-term CD. When interest rates are rising, depositors should avoid committing their money for long periods of time. To see interest rate trends, visit the BestCashCow rate analysis page.

All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

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Virginia CD Rates – 6-Month

PRODUCT INFORMATION

6 Month Branch Certificates of Deposit 2024

The advantages of six month CDs opened via a traditional bank are:

The disadvantages of six month CDs are:

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