First Business Savings

Here's a solid savings account that can be tailored to your specific needs.

  • Interest is compounded daily and credited quarterly
  • No monthly service charge (unless the account becomes dormant)
  • Free debit card
  • Automatic transfer between accounts for Overdraft Protection on your FVCbank checking account and/or automatic savings
  • Six free preauthorized, automatic, online banking or telephone transfers per statement cycle*

*Federal Regulations prohibit more than six withdrawals and/or transfers each month to other accounts from a Savings Account (including transfers to another account for overdraft protection); or to third parties.  A $3.00 fee will be assessed for each preauthorized or automatic checks/withdrawals/transfers over six per statement cycle.  Please see Customer Service Representative for current rate information and to obtain a copy of our Truth in Savings Disclosure.

First Business Money Market

If you would like to earn higher rates and are confident that your withdrawals will be limited, our First Business Money Market is a great product. Here's a solid savings account that can be tailored to your specific needs.

  • Interest is paid on all collected funds
  • Tiered interest rates: the higher the balance, the higher the rate
  • No monthly service charge if the average monthly collected balance is $2,500 or more
  • Free debit card
  • Automatic transfer between accounts for Overdraft Protection on your FVCbank checking account and/or automatic savings

Certificates of Deposit

We will custom tailor Business Certificates of Deposit for your specific needs. Features include:

  • Competitive rates
  • Interest compounded daily
  • Low initial deposit - $1,000 minimum to open
  • Flexible terms - 3 months to 60 months
  • You determine whether you would like the interest credited to your FVCbank checking or savings account (monthly, quarterly or at maturity)
  • For those Certificates that may exceed the FDIC insurance, we offer an FDIC insured CDARS® program. Please contact us for more details

Certificate of Deposit Account Registry Service (CDARS)

Looking for a way to keep large deposits safe? Ask us about CDARS®.

It’s a great solution for individuals, businesses, nonprofit organizations and public entities.

With CDARS, you can access FDIC protection on multi-million dollar CD investments through First Virginia Community Bank. There are few guarantees in life — FDIC insurance is one of them. CDARS can be a valuable tool for cash management or longer term investments.


With CDARS, you benefit from:

  • Safety — your money can access multi-million dollar FDIC insurance coverage
  • Convenience — you work directly with us and earn one interest rate; you’ll also receive one regular statement and one year-end tax form
  • Community investment — the full value of your money can support lending opportunities in your local community
  • CD-level rates — your money earns CD-level returns which may compare favorably with other investment alternatives, including treasuries, corporate sweep accounts, and money market funds

How does CDARS work?

We are a member of a special network. When you place a large amount with us, we place your funds into CDs issued by other banks in the same network — in increments of less than $250,000 — so that both principal and interest are eligible for complete FDIC protection. As a result, you can receive coverage from many banks while working with just one.

These exchanges, which occur on a dollar-for-dollar basis, can bring the full amount of your original deposit back to our bank. Therefore, we can make the full amount of your deposit available for lending to business in our communities.

What else should I know?

You no longer have to spend time managing multiple bank relationships, administering various interest rates, organizing interest disbursements from various sources, or manually consolidating monthly statements. This reduces your administrative burden, especially during tax and financial reporting seasons. And with CDARS, you can eliminate the need to monitor changing collateral values — another time-saving convenience. And, of course, your confidential account information remains protected.

Ask us about how CDARS can work for you the next time you visit one of our branches, or email us for more information.

  1. Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with First Virginia Community Bank. The agreement contains important information and conditions regarding the placement of funds by us.
  2. This benefit applies to some, but not all types of CDARS transactions. Let us know if this benefit is important to you, so that we can explain the relevant terms and conditions in more detail.

CDARS is a registered service mark of Promontory Interfinancial Network, LLC

ICS (Insured Cash Sweep)

Would you like to access multi-million dollar FDIC protection on your savings deposits? Earn interest at the same time? And be able to withdraw funds up to six times per month? Now you can - through our new Insured Cash Sweep (ICS) service.


  • Feel good knowing that your funds are eligle for protection that's backed by the full faith and credit of the federal government
  • Put excess cash balances to work in interest-bearing savings accounts
  • Withdraw ICS funds up to six times per month
  • Rest assured that your money is always on deposit in regulated, FDIC-insured institutions and that you can see where your funds are at all times

Please contact us at (703) 436-3800 for more information regarding these products and services.