We are currently experiencing a phone system outage due to a local Verizon issue. Please contact the bank via email at info@bankofva.com or call us at 804-241-6188 between the hours of 9am to 5pm for assistance.

Youth Savings

Youth Savings is an account designed to help children establish good saving habits, and is the perfect way for anyone under 18 to start learning the true value of saving.

There is no minimum opening deposit required and no monthly maintenance fees. Interest is paid on collected balances, compounded daily and credited monthly. No interest is paid during the cycle that the account is closed.

Interest Tiers:

  • $.01 – $9,999.99
  • $10,000.00 – $49,999.99
  • $50,000.00 and above

Please call us for more information on current rates.

Federal Regulation limits the number of preauthorized automatic, telephone, computer or electronic transfers per statement cycle to 6. Transactions over the limit of 6 per statement cycle will be charged a $1 fee