It looks like a war between SunTrust Bank and Wachovia Bank for who’s got Virginia’s best CD rates. Our whole matchup is between those two.

1 Year
For a 1 year term, the best CD rates in Vriginia are to be had at SunTrust Bank with a 0.75% annual percentage yield (APY) and a $2,000 minimum deposit requirement.

Next is Wachovia with a 0.65% APY and a $1,000 minimum deposit.

2 Year
For the two year term, Virginia’s best CD rates ar eat SunTrust again with a 0.95% APY and a $2,000 minimum deposit.

Next is Wachovia, of course, with the second best CD rates today being 0.85% APY and a $1,000 minimum deposit.

3 Year
Again, on the 3 year term, the best CD rates in Virginia are at SunTrust with a 1.50% APY and a $2,000 minimum deposit required.

The next is Wachovia with 0.95% APY and a $1,000 deposit.

5 Year
The biggest split we see in Virginia’s best CD rates is on this 5 year term with SunTrust giving a 1.90% APY with their $2,000 minimum deposit requirement.

Second place goes to Wachovia at a 1.16% APY with a $1,000 minimum deposit.

6 Months
For the 6 month term, the best CD rates in Virginia are at Wachovia this time, at 0.45% APY with their $1,000 minimum deposit and the runner up is SunTrust at 0.25% APY with a $2,000 minimum deposit.

Both banks listed are FDIC insured. Rates change quickly, so if you want to lock in your best CD rates today, do so quickly.

Related posts:

1. Virginia Heritage Bank CD rates November Review 2011
2. West Virginia CD Rates
3. Virginia Heritage Bank CD Rates January Review 2012