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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 |
| • |
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 |
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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 |
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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 |
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Market
interest rate is tiered by age of account:
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1 – 12 months |
|
6 month CD rate |
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13 – 24 months |
|
1 year CD rate |
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25 – 36 months |
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2 year CD rate |
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37 months or longer |
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3 year CD rate |
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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. |
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