Virginia Money Market Deal with Community Bank earns 1.75% APY
We found competitive local money in the bank deal through the money market offering of Community Bank in Virginia which earns 1.75% APY for a minimum deposit of $10,000.
This was contributed to us by a reader. The website does not publish the current interest rates but you can always reach them through 540-886-0796 to inquire about their best money market rates. The earnings are compounded and added to your account every month.
It seems you need to visit the bank to start an application for this money market account. The bank allows six withdrawals per month and charges a fee of $10 for each transaction which goes over the set limit.
The Community Bank is a small, neighborhood bank which has 80 years of financing history. Their main office is located at the North Central Avenue in downtown Staunton in Virginia.
They have offices in Virginia Beach, Buena Vista, Harrisonburg, Verona, Raphine, Lexington, Stuarts Draft, and Waynesboro.
The bank was established in 1928 and has been registered with the FDIC since December 1949. It is insured under certificate number 30417.
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