Personal Banking > Savings
For your future, the financial foundation begins with the Savings Account. From there, add CDs and IRAs. Put your money in a safe place where it will make more money. It's a tried-and-true method for safeguarding your hard-earned money.
First Virginia Community Bank can help you save for a new car, your child's education, or just a rainy day. We want you to achieve your financial goals, whatever they may be.
And, there is no minimum balance requirement!
Learning how to handle money at a young age can build the foundation for good financial habits. If you want to help a child learn to save, open a savings account for them. Savings accounts for kids earn interest and carry no monthly balance requirements, so they are perfect for student savers.
Make your money work harder for you. Whether short- or long-term, small or large investments, a First Virginia Community Bank Certificate of Deposit (CD) offers you the performance, power and options you need to grow your finances.
Open one of our No Penalty CDs and secure a competitive rate with the option to make a partial or complete withdrawal after 7 calendar days without penalty. Ask one of our customer service representatives for details on our CD specials.
Looking for a way to keep large deposits safe? Ask us about CDARS®.
It’s a great solution for: individuals, businesses, nonprofit organizations and public entities.
With CDARS, you can access FDIC protection on multi-million dollar CD investments through First Virginia Community Bank. There are few guarantees in life – FDIC insurance is one of them. CDARS can be a valuable for cash management or longer-term investment tool for you.
With CDARS, you can access:
How does CDARS work?
We are a member of a special network. When you place a large amount with us, we place your funds into CDs issued by other banks in the same network – in increments of less than $100,000 – so that both principal and interest are eligible for complete FDIC protection. As a result, you can receive coverage from many banks while working with just one.
These exchanges, which occur on a dollar-for-dollar basis, can bring the full amount of your original deposit back to our bank. Therefore, we can make the full amount of your deposit available for lending to business in our communities.
What else should I know?
You no longer have to spend time managing multiple bank relationships, administering various interest rates, organizing interest disbursements from various sources, or manually consolidating monthly statements. This reduces your administrative burden, especially during tax and financial reporting seasons.
And with CDARS, you can eliminate the need to monitor changing collateral values – another time saving convenience. And, of course, your confidential account information remains protected.
Ask us about how CDARS can work for you the next time you visit one of our branches, or email us for more information.
1 Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with First Virginia Community Bank. The agreement contains important information and conditions regarding the placement of funds by us. 2 This benefit applies to some, but not all types of CDARS transactions. Let us know if this benefit is important to you, so that we can explain the relevant terms and conditions in more detail.
CDARS is a registered service mark of Promontory Interfinancial Network, LLC
Please contact us at (703) 436-3800 for more information regarding these products and services.