Central Virginia Federal Credit Union Savings & Money Market Rates

How Central Virginia Federal Credit Union’s savings rates compare

Compared with banks and credit unions near Lynchburg, VA, where Central Virginia Federal Credit Union has the most branches. $10,000, best rate first.

This credit union’s best
Central Virginia Federal Credit Union
2.00%APY
Requires
Monthly account activity
Minimum
$0
Earns on $10,000 a year
$200
Kasasa Saver
Top rate
Beacon Credit Union
4.00%APY
Requires
None
Minimum
$100
Earns on $10,000 a year
$400
Beacon Credit Union rates
2nd-highest rate
Freedom First
3.25%APY
Requires
None
Minimum
$5,000
Earns on $10,000 a year
$325
Freedom First rates

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Savings score

Higher than 67% of U.S. banks and credit unions

By balance

$1,000 balance$1,0000.10%
$10,000 balance$10,0000.80%
$100,000 balance$100,0001.00%
QualifiedQualified2.00%

Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.

How the score works →

Where Central Virginia Federal Credit Union ranks

By savings score, in each area where it has branches

Every rate

Current savings rates

Rates from the credit union’s website. Earnings assume the rate doesn’t change.

Kasasa Saver

Up to 2.00%APYRequirements apply

Requires linked Kasasa Cash or Kasasa Cash Back checking account. Qualification requirements met in checking account: post at least 1 direct deposit or ACH payment transaction, make at least 15 debit card purchases, and enroll in e-statements during Monthly Qualification Cycle. No monthly maintenance fee. Limit 1 account per SSN/ITIN.

Earnings on $10,000 over a year.
Balance	APY	Earns on $10,000 a yearEarns	Requirement
Up to $100,000Qualifying rate when Kasasa checking qualifications are met during Monthly Qualification Cycle (at least 1 direct deposit/ACH, at least 15 debit card purchases, and enroll in e-statements). No minimum deposit to open and no minimum balance to earn rewards. No monthly maintenance fee.	2.00%	$200	Qualifying rate when Kasasa checking qualifications are met during Monthly Qualification Cycle (at least 1 direct deposit/ACH, at least 15 debit card purchases, and enroll in e-statements). No minimum deposit to open and no minimum balance to earn rewards. No monthly maintenance fee.
Any balanceBase rate on all balances if Kasasa Cash or Kasasa Cash Back qualifications are not met. No monthly maintenance fee.	0.10%	$10	Base rate on all balances if Kasasa Cash or Kasasa Cash Back qualifications are not met. No monthly maintenance fee.
Over $100,000Earns 2.00% to 1.25% APY on portion of balance over $100,000 depending on balance when Kasasa checking qualifications are met during Monthly Qualification Cycle. No monthly maintenance fee.	1.25%	—	Earns 2.00% to 1.25% APY on portion of balance over $100,000 depending on balance when Kasasa checking qualifications are met during Monthly Qualification Cycle. No monthly maintenance fee.

Sources (2)

All captured Sep 19, 2026

MM Platinum

1.00%APYMoney market$500 to open

Earnings on $10,000 over a year.
Balance	APY	Earns on $10,000 a yearEarns
$25,000 and up	1.00%	—

Sources (2)

All captured Sep 19, 2026

MM Preferred

0.80%APYMoney market$500 to open

Earnings on $10,000 over a year.
Balance	APY	Earns on $10,000 a yearEarns
$10,000 and up	0.80%	$80

Sources (2)

All captured Sep 19, 2026

MM Gold

0.75%APYMoney market$500 to open

Earnings on $10,000 over a year.
Balance	APY	Earns on $10,000 a yearEarns
$2,500 and up	0.75%	$75

Sources (2)

All captured Sep 19, 2026

MM Savings

0.10%APYMoney market$500 to open

Earnings on $10,000 over a year.
Balance	APY	Earns on $10,000 a yearEarns
$500 and up	0.10%	$10

Sources (2)

All captured Sep 19, 2026

Basic Savings Accounts

0.10%APY$5 to open

Minimum to open and maintain is $5. One-time $5 membership fee for first account. A low minimum balance of $250 earns monthly dividends. Quick Tip: Open additional share savings accounts customized and identified to meet individual savings needs (taxes, home improvements, education, vacation).

Earnings on $10,000 over a year.
BalanceRequirement	APY	Earns on $10,000 a yearEarns	Requirement
$250 and upA minimum balance of $250 is required to earn interest. Minimum balance to open and maintain is $5.00.$250 and up	0.10%	$10	A minimum balance of $250 is required to earn interest. Minimum balance to open and maintain is $5.00.

Sources (2)

All captured Sep 19, 2026

Special-purpose accounts

Christmas Club Accounts

0.75%APYClub$5 to open

Competitive dividends paid on balances of $5 or more with no withdrawals during the period. On October 1, funds are transferred to savings account. Automatically renews for the following year.

Earnings on $10,000 over a year.
BalanceRequirement	APY	Earns on $10,000 a yearEarns	Requirement
$5 and upDividends paid on Christmas Clubs of $5 or more with no withdrawals during the period. Funds transfer to savings on October 1.$5 and up	0.75%	$75	Dividends paid on Christmas Clubs of $5 or more with no withdrawals during the period. Funds transfer to savings on October 1.

Sources (2)

All captured Sep 19, 2026

Coverdell Education Savings Account

0.50%APYIRA

Coverdell Education Savings Account for parents/grandparents to save for children's education. Contributions until age 18; funds must be used before age 30. No maintenance fees.

Earnings on $10,000 over a year.
BalanceRequirement	APY	Earns on $10,000 a yearEarns	Requirement
Any balanceNo maintenance fees.Any balance	0.50%	$50	No maintenance fees.

Sources (2)

All captured Sep 19, 2026

Roth IRA

0.50%APYIRA

Pre-taxed/after-tax retirement savings. Deposits can be withdrawn at any time. Earnings can be withdrawn tax-free and penalty-free if open 5 years and owner is age 59 1/2, disabled, deceased, or funds are for first-time home purchase. No maintenance fees.

Earnings on $10,000 over a year.
BalanceRequirement	APY	Earns on $10,000 a yearEarns	Requirement
Any balanceNo maintenance fees.Any balance	0.50%	$50	No maintenance fees.

Sources (2)

All captured Sep 19, 2026

Traditional IRA

0.50%APYIRA

Tax-advantaged retirement savings. Save money up to age 70 1/2. Taxed when withdrawn. Early withdrawals allowed for first-time home purchases or educational expenses. No maintenance fees.

Earnings on $10,000 over a year.
BalanceRequirement	APY	Earns on $10,000 a yearEarns	Requirement
Any balanceNo maintenance fees.Any balance	0.50%	$50	No maintenance fees.

Sources (2)

All captured Sep 19, 2026

Who can join Central Virginia Federal Credit Union

This may be incomplete or out of date, so check with the credit union before you apply.

Military, government and schools

Students, staff, and faculty of the University of Lynchburg are eligible for membership.

Cost to join

There is a one-time $5 membership fee.
A minimum balance of $5 in a savings account per person is required.

Membership information collected October 4, 2026.

Check membership requirements ↗Branches and institution details

← Central Virginia Federal Credit Union overview

How Central Virginia Federal Credit Union’s savings rates compare

Central Virginia Federal Credit Union savings score

Current savings rates

Kasasa Saver

MM Platinum

MM Preferred

MM Gold

MM Savings

Basic Savings Accounts

Special-purpose accounts

Christmas Club Accounts

Coverdell Education Savings Account

Roth IRA

Traditional IRA

Who can join Central Virginia Federal Credit Union

Military, government and schools

Cost to join