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Do you want to maximize the returns on every dollar you save?
Virginia has a dozen banks operating with the state. Residents have a variety of options when it comes to savings accounts. Whether you prefer online or in-person banking.
When it comes to choosing the best savings account, the APY is not the only consideration. Most of the banks with really high APY tend to have high service charges such as high monthly and transaction fees. Other factors to consider include the account fees, minimum requirements, digital experience security, and customer service.
Aim at finding an account with a balance between high APY, account fees, and other features that work in your favour for your financial needs.
WalletBrain took a look at some available options for you. Use our comprehensive review of some of the best savings accounts in Virginia to find the most suitable match for you today.
UFB Direct Rewards Savings comes with check-writing capabilities and a free ATM card with a national network of fee-free ATMs.
This savings account is unique where you need to deposit $100 a month to get the highest APY. If you don't deposit $100+ a month, then you need to maintain $25,000 in the account. If you don't do either, you won't receive the higher end APY.
Quontic Bank high yield savings account provides you with the opportunity to accrue interest at a rate 15x higher than the national average. Interest compounds daily and is paid into your account every month.
This savings account will provide a flat APY regardless of your balance, and you won't worry about monthly fees. A great perk with this account is you can request a free ATM card.
First Citizen Bank savings account is an online account that charges no monthly fees, but you need to make a minimum deposit of $50 to open this account.