- Routing #: 251082495
- Call: (804) 359-8754
Deposit rates show how much your money can earn when you save or invest it with us. Whether you’re building an emergency fund, saving for a goal, or planning for the future, understanding deposit rates helps you make confident financial decisions.
At RVA Financial Federal Credit Union, our deposit accounts are designed to help your money work harder, while keeping it safe, accessible, and aligned with your goals.
What Are Deposit Rates?
A deposit rate is the interest paid to you for keeping your money in a savings-type account. The rate is expressed as an Annual Percentage Yield (APY), which reflects how much you can earn over a year, including compound interest.
Simply put: The higher the rate, the more your savings can grow.
Deposit rates are not fixed forever. They may increase or decrease based on economic conditions and market trends. This allows financial institutions to stay competitive while continuing to offer strong, sustainable products for members.
You may notice rate changes as the economy shifts, and that’s completely normal
Several factors influence deposit rates, including:
Because these factors change, your rate may adjust, but our focus remains on offering value and transparency.
Deposit rates help determine how quickly your savings can grow. Choosing the right account can mean:
Every goal is different, and the right deposit account helps support your journey.
A safe and steady way to build savings while earning interest. Savings accounts are ideal for emergency funds, short-term goals, and everyday saving.
Some checking accounts may earn interest while still offering easy access to your money for everyday spending, direct deposit, and bill pay.
Money market accounts typically offer higher rates than traditional savings, often in exchange for higher balances. They’re a great option if you want to earn more while keeping funds accessible.
Share certificates (also known as CDs) allow you to earn higher, fixed rates by depositing funds for a set term. They’re ideal for members who want predictable growth and don’t need immediate access to their money.
Your financial goals are unique—and so is the right savings strategy. Whether you’re just getting started or maximizing long-term growth, our team is here to help you choose the account that fits your needs.
Call anytime 24/7
(804) 359-8754
Routing # 251082495 | NMLS#523374 | Privacy Policy
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