Savings, Money Markets & CDs
Business Banking > Savings, Money Markets & CDs
First Business Savings
Here's a solid savings account that can be tailored to your specific needs.
- Interest is paid on all collected funds.
- No monthly service charge (unless the account becomes dormant).
- Free debit card.
- Automatic transfer between accounts for Overdraft Protection on your First Virginia Community Bank checking account and/or automatic savings.
- As this is meant to be a savings account and not a checking account, withdrawals that exceed the limit of six per quarter or two per month, will incur a fee.
First Business Money Market
If you would like to earn higher rates and are confident that your withdrawals will be limited, our First Business Money Market is a great product. Here's a solid savings account that can be tailored to your specific needs.
- Interest is paid on all collected funds.
- Tiered interest rates: the higher the balance, the higher the rate.
- No monthly service charge if the average monthly collected balance is $2,500 or more.
- Free debit card.
- Automatic transfer between accounts for Overdraft Protection on your First Virginia Community Bank checking account and/or automatic savings.
Certificates of Deposit
We will custom tailor Business Certificates of Deposit for your specific needs. Features include:
- You pick the term, whether it is in days, months or years.
- You determine whether you would like the interest credited to your First Virginia Community Bank checking or savings account (monthly, quarterly or at maturity).
- For those Certificates that may exceed the FDIC insurance, we offer an FDIC insured CDARS® program. Please contact us for more details.