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At VCB we are committed to helping you prepare for the future. With a VCB personal savings accounts, money market, certificates of deposit or IRAs, you can take advantage of our different account options to create the best financial management solution for your life. Visit your local branch of VCB today to speak with one of our trained and experienced associates and start saving for your future today!
We're re-inventing the way you'll think about banking with our new EXTREME Banking program for enhanced savings and checking products. Discover how to live and bank on your terms!
If you're 55 or better, you can take advantage of VCB's Golden Advantage program, offering a special rate for CDs and Money Market Accounts for members only.
And before you know it, they are ready to go to College. Be prepared with a CESA. Stop by and discuss with one of our knowledgeable staff at any of our convenient banking locations.
Talk to Our Staff
If you’re looking for a standard savings account with free online or mobile banking, our Statement Savings Account could be for you. This account is designed for consumers who want to start building a savings plan with a low minimum daily balance.
This account is subject to Regulation D transaction limitations. Learn More
Our Money Market Accounts are designed for consumers who want to earn a higher rate of interest and have liquid savings with the added convenience of being able to write a check when needed.
This account is subject to Regulation D transaction limitations. Learn MoreTransactions are restricted to six (6) third-party transactions. These include payments by check draft or similar order to third parties, telephone or online banking transfers, and overdraft protection transfers. Preauthorized transfers in excess of six (6) per calendar month will assess a $10 fee per item. about Money Market Accounts about Money Market Accounts
Grow your savings with our certificates of deposit (CDs) — a guaranteed way to receive a higher return. There's zero risk, and we offer a wide range of terms for your investment. The longer your term, the higher the rate. No matter what you choose, sit back, relax, and let your money work for you.
For an up-to-date listing of our CD rates contact your local office or call our Customer Care Center at 1-844-404-9668.
This account is designed for students under the age of 21 or participants of the Bright Futures School Bank as a way to begin savings.
Help a child build a savings account and learn about banking.
Bring your child to one of our convenient locations to meet one of our friendly staff to get started today!
Holiday expenses will never be a strain on your budget again. Open a Christmas Club Account and earn interest on your funds while saving for Christmas gifts.
So plan ahead for holiday spending
In just a few short minutes, you can open your Christmas Club account, so stop by any of our branch locations today to get started!
You can have tax advantages today while you save for a child's future education. You can make up to $2,000 non-deductible annual contribution (learn more) to a CESA for children under the age of 18. Earnings on the Educational IRA may be tax-free (learn more) provided that the funds are used to pay for qualified education expenses (including kindergarten through grade 12) of the designated child.
Virginia Commonwealth Bank offers a CESA investment in a Certificate of Deposit.
So plan ahead for college spending!
For more details on the Coverdell Education Savings Account, please contact one of our offices.
A Health Savings Account (HSA) from VCB works in conjunction with a high deductible health plan.
Qualified medical expenses are those that qualify for the medical and dental expenses deduction, as explained in IRS Publication 502, Medical and Dental Expenses.
To qualify for an HSA, you must meet the following requirements:
There are several advantages with our Health Savings Account:
Start tomorrow today! Because earnings on all IRAs are either tax-deferred or tax-free, an IRA could be an important part of your financial plan. Choose either a fixed or variable rate IRA, whichever meets your retirement needs.
We'll help you distinguish between IRAs and understand how to qualify for tax-saving (learn more) treatment on contributions, earnings and withdrawals.
Individual retirement accounts (IRAs) provide exceptional tax benefits (learn more), allowing your money to grow faster - and for you to keep more of it! Plus, the sooner you start, the more comfortable retirement will be. Our IRA CD, available for both Traditional and Roth IRAs, allows your retirement funds to earn a higher interest rate while being FDIC-insured. Choose either a fixed or variable rate IRA, whichever meets your retirement needs. IRAs are subject to IRS regulations.
Fixed-rate IRAs earn a set rate of interest until maturity
Our Variable Rate IRA CD is a flexible retirement savings plan that allows multiple contributions up to the allowable limit for the tax year, subject to IRS regulations. This CD is available for both traditional and Roth IRAs.
If you have a high-deductible health plan, you qualify for our Health Savings Account, which is a demand-deposit account that bears interest. It's a great way to avoid financial difficulty when medical needs arise by setting aside funds to help pay for unexpected bills.
Monday-Friday: 9:00 a.m. - 5:00 p.m.
Monday-Friday: 9:00 a.m. - 2:00 p.m.
Monday-Friday: 8:30 a.m. - 5:00 p.m.
Saturday: 9:00 a.m. - 12:00 p.m.
Monday through Thursday 9:00 AM - 5:00 PM
Friday 9:00 AM - 6:00 PM
By appointment only
Monday-Thursday: 10:00 a.m. - 2:00 p.m.
Friday: 12:00 p.m. - 4:00 pm
Monday-Friday: 8:00 a.m. - 5:00 p.m.
Monday-Thursday: 9:00 a.m. - 5:00 p.m.
Friday: 9:00 a.m. - 6:00 p.m.