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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 $25.00 |
| • |
No
minimum balance required; $5.00 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 $100.00 |
| • |
Unlimited
check writing and withdrawals |
| • |
$750.00
average daily balance required to avoid monthly maintenance
fee |
| • |
Monthly
statements |
| • |
Free
use of Virginia National Bank ATMs |
INTEREST
CHECKING
| • |
Minimum
opening deposit of $100.00 |
| • |
Unlimited
check writing and withdrawals |
| • |
$1,000.00
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 $100.00 |
| • |
Unlimited
check writing and withdrawals |
| • |
$2,500.00
average daily balance or $25,000.00 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
wallet-size checks of your choice |
| • |
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
on-line 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 $25.00 |
| • |
Unlimited
check writing and withdrawals |
| • |
No
minimum balance requirement |
| • |
Market
interest rate earned on all balances greater than $1,000.00 |
| • |
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 $50.00 |
| • |
Six
withdrawals allowed per statement cycle period; three
may be payable to a third party |
| • |
$5.00
per withdrawal after six withdrawals |
| • |
$300.00
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 $1,000.00 |
| • |
Deposits
permitted at any time |
| • |
Maturity
every 90 days |
| • |
Ten-day
grace period after maturity for withdrawals |
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Automatic
renewal |
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Interest
paid every 90 days at maturity |
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Early-withdrawal
penalty equal to 90 days' forfeiture of interest, regardless
if earned |
| • |
Market
interest rate is tiered by age of account:
1 to 12 months-6-month CD rate
13 to 24 months-1-year CD rate
25 to 36 months-2-year CD rate
37 months or longer-3-year CD rate |
| • |
Calendar
quarter statements |
CERTIFICATE
OF DEPOSIT
| • |
Minimum
opening deposit of $500.00, unless otherwise stated |
| • |
Terms
of 3 months to 5 years |
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Ten-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 |
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Interest
paid quarterly |
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Calendar
quarter statements |
FUNDS
MANAGEMENT CERTIFICATE OF DEPOSIT
| • |
Minimum
opening deposit of $50,000.00 |
| • |
Terms
of 7 to 365 days |
| • |
Interest
paid at maturity |
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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. |
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