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Personal
Deposit Accounts


VNB offers checking and savings accounts for every age, stage, and budget. Our Basic Checking and Money Market Savings accounts feature small opening-deposit requirements with limited withdrawals, while our more robust Commonwealth and Phoenix accounts provide more flexibility with larger balances. We even offer a Funds Management CD for the highest level of service.


Checking Accounts

BASIC CHECKING
Minimum opening deposit of $25
No minimum balance required; $5 monthly maintenance fee
20 free withdrawals (including ATM withdrawals) or checks per monthly statement cycle
$0.50 per item after 20 withdrawals
Monthly statements
Free use of Virginia National Bank ATMs

REGULAR CHECKING
Minimum opening deposit of $100
Unlimited check writing and withdrawals
$750 average daily balance required to avoid monthly maintenance fee
Monthly statements
Free use of Virginia National Bank ATMs

INTEREST CHECKING
Minimum opening deposit of $100
Unlimited check writing and withdrawals
$1,000 average daily balance required to avoid monthly maintenance fee
Market interest rate earned on all balances
Interest paid monthly
Monthly statements
Free use of Virginia National Bank ATMs

COMMONWEALTH ACCOUNT
Minimum opening deposit of $100
Unlimited check writing and withdrawals
$2,500 average daily balance or $25,000 in a combination of deposit and loan accounts with common ownership to avoid monthly maintenance fee
Market interest rate earned on all balances
Interest paid monthly
Free select wallet-size checks
Free traveler's checks or official checks
Free use of a small safe deposit box (3x5) or an equal credit toward a larger box
Free online bill pay
Monthly statements
Free use of Virginia National Bank ATMs

THE VIRGINIAN
For customers 50 years of age or older
Minimum opening deposit of $25
Unlimited check writing and withdrawals
No minimum balance requirement
Market interest rate earned on all balances greater than $1,000
Interest paid monthly
Free wallet-size checks of your choice
Free use of a small safe deposit box (3x5) or an equal credit toward a larger box
Monthly statements
Free use of Virginia National Bank ATMs

Savings Accounts

MONEY MARKET ACCOUNT
Minimum opening deposit of $50
6 withdrawals or checks allowed per statement cycle period
$5 per withdrawal after 6 withdrawals
$300 average daily balance to avoid monthly maintenance fee
Monthly maintenance fee waived for minors until eighteenth birthday
Interest paid monthly
Tiered interest rate structure
Monthly statements
Free use of Virginia National Bank ATMs

PHOENIX ACCOUNT
Minimum balance of $1,000
Deposits permitted at any time
Maturity every 90 days
10 day grace period after maturity for withdrawals
Automatic renewal
Interest paid every 90 days at maturity
Early-withdrawal penalty equal to 90 days' forfeiture of interest, regardless if earned
Market interest rate is tiered by age of account:
  1 – 12 months   6 month CD rate
  13 – 24 months   1 year CD rate
  25 – 36 months   2 year CD rate
  37 months or longer   3 year CD rate
Calendar quarter statements

CERTIFICATE OF DEPOSIT
Minimum opening deposit of $500, unless otherwise stated
Terms of 3 months to 5 years
10 day grace period after maturity for withdrawals
Penalty for early withdrawal, forfeiture of interest, regardless if earned, as follows: 3 months' forfeiture for CD with terms of 1 year or less; 6 months' forfeiture for CD with terms greater than 1 year
Automatic renewal
Interest paid quarterly
Calendar quarter statements

CDARS® CERTIFICATE OF DEPOSIT ACCOUNT REGISTRY SERVICES®

Full FDIC Insurance on CDs up to $50 million
Work with one bank on all CD deposits from $10,000 to $50,000,000
1 interest rate on CD's placed through CDARS®, no multiple rates or need to manually tally disbursements for each CD
1 monthly statement detailing your CD balances and a 1099 for tax reporting
Wide variety of maturities ranging from 4 weeks to 5 years

FUNDS MANAGEMENT CERTIFICATE OF DEPOSIT
Minimum opening deposit of $50,000
Terms of 7 to 365 days
Interest paid at maturity
Penalty for early withdrawal, forfeiture of all interest that would be paid if held until maturity
Single maturity, no automatic renewal

Interest rates available at any Virginia National Bank office.

Terms may vary for deposit accounts with any promotions offered by Virginia National Bank.

© Virginia National Bank. All rights reserved. Virginia National Bank is committed to protecting your privacy and the security of your personal information.

FDIC Notice - Virginia National Bank is participating in the FDIC's Transaction Account Guarantee Program. See our notice.

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