CD Rates in Richmond
Compare certificate of deposit (share certificate) APY for credit unions serving Richmond, Virginia. Best tracked APY: 5.53%. These are deposit yields (APY) — the account pays you — not loan APR.
Richmond CD rates range from 1.25% to 5.53% APY. Data from 15 credit unions serving Virginia, updated August 2026.
Source: RateAPI.dev
CD Rates for the Richmond Area
Deposit rates are aggregated per state — a credit union serving Richmond is the same institution whether you search "Richmond" or "Virginia".
How to Get the Best CD Rate Near Richmond
A certificate of deposit locks your funds for a fixed term in exchange for a fixed APY. Credit unions serving Richmond often pay more than banks. Here's how to maximize your yield:
Compare APY Across Terms
Longer terms often pay more, but not always. Compare 12-, 24-, 36-, and 60-month APY before locking in.
Join a Local Credit Union
Membership at a credit union serving Virginia is usually open to anyone who lives or works in the area and often unlocks higher APY.
Build a CD Ladder
Splitting funds across staggered maturities keeps part of your money accessible while capturing longer-term yields.
Check Early-Withdrawal Penalties
A higher APY isn't worth it if you may need the funds early. Compare penalty terms before committing.
Credit Unions Based in Richmond
6 credit unions are headquartered in Richmond. Local membership is often the easiest to qualify for — many accept anyone who lives or works in the area.
Frequently Asked Questions
Common questions about CD rates in Richmond
As of August 2026, certificate of deposit APY for credit unions serving Richmond, Virginia ranges from 1.25% to 5.53% APY, with a median of 3.49% APY across 15 institutions. CD yields are APY — the account pays you — so higher is better.
Credit unions serving Richmond call their CD-equivalent a share certificate. It works the same way — a fixed APY locked for a fixed term — and credit unions often pay higher yields than banks because they return earnings to members.
CD yields are quoted as APY (Annual Percentage Yield), which includes compounding. That is the opposite of a loan APR: with a CD the institution pays you, so a higher APY is better for the saver.
Compare APY across multiple credit unions and terms rather than a single institution. Longer terms often pay more, and joining a credit union serving Virginia is usually as simple as opening a small savings account.
CD Rates in Other Virginia Cities
CD Rates by State
Build With RateAPI
Access daily-updated CD, savings, and money market APY from credit unions across Virginia via our REST API. Perfect for CD ladder builders, savings apps, and AI agents.