FVCbank: Savings Accounts & Rates

Savings rates updated: 8/22/2025

Mission statement: Banksparency aims to make FVCbank's savings accounts transparent and comparable to those of other banks. Learn more about Banksparency.

Note: Interest rates below are reported as APY, or Annual Percentage Yield

We earn a commission if you open an account through some links on this page.

Savings Overview

Advantage Direct Savings: 4.35% APY(Rank 11 of the 20 Best Savings Rates)

Minimum Deposit: $500 | Online Only

National Savings Interest Rate: 0.38% (as of 7/21/2025)

Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.

(Source: FDIC)

Bank Overview

Location: Fairfax, Virginia

Founded: 2007

Deposit Insurance: FDIC Cert # 58696

BBB Rating: A+

App Store Rating: 4.4/5

Google Play Rating: 3.4/5

Website: Visit FVCbank

Our Take on FVCbank

Highlights

Current APY of 4.35%, consistent with 30 days ago.
No maintenance fees, making it cost-effective.
A+ BBB rating indicates high trustworthiness.
App Store rating of 4.4 suggests user satisfaction.

Considerations

Minimum deposit and balance requirement of $500.
Online-only account may limit accessibility.
Google Play rating of 3.4 indicates mixed user feedback.
No direct deposit option available.

Summary: FVCbank offers the Advantage Direct Savings account with a competitive APY of 4.35%, maintaining its rate over the past month. The account has no maintenance fees, appealing to cost-conscious savers, and boasts an A+ BBB rating. However, the $500 minimum deposit and balance requirement may be a barrier for some. Additionally, the online-only nature of the account could limit access for certain users.

Savings Account: In-Depth View

Savings Account Offered by FVCbank

Feature	Advantage Direct Savings
APY	4.35% (as of 8/22/2025)
APY Trend	-0.10% QoQ
Minimum Deposit	$500
Minimum Balance for APY	$500
FDIC-insured	Yes
Online Only	Yes
Bundled Account	No
Direct Deposit Required	No
Compound Frequency	N/A
Maintenance Fee	$0
Eligibility	United States
Sponsored Link
No deposit agreement summary available for this bank.

Calculate Savings for FVCbank

All calculations are based on APY.

Savings Product:

Advantage Direct Savings (APY: 4.35%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,712.9 (10.90%)
Total contributions: $13,000 (82.73%)
Initial deposit: $1,000 (6.36%)

Your total balance

$15,712.90

Effective APY: 4.35% (based on your deposit and contributions)

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

FVCbank Savings Rates Over Time

Historical APY Insights

Metric	Advantage Direct Savings
Latest APY	4.35 %
Trend	Falling
Slope (bps/mo)	-5.1
Rate Changes / Mo	0.77
Days Since Last Change	28
High (-5 m)	4.55 %
Low (-5 m)	4.35 %
Draw-down from High	-4.4 %
Volatility (CV)	0.019

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 5 months (regression slope).
Slope (bps/mo): Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo: Typical number of APY moves per month.
Days Since Last Change: Recency of the latest APY adjustment.
High (-5 m): Highest APY in the last 156 days.
Low (-5 m): Lowest APY in the last 156 days.
Draw-down from High: How far today sits below the 5-month peak.
Volatility (CV): Coefficient of variation = stdev ÷ mean.

Why Track Savings-Account APYs?

See how quickly a bank reacts to Fed moves or competition.
Gauge “twitchiness” - frequent moves can annoy savers.
Spot if you're buying near a peak (draw-down) or riding a rise.
Slope (bps/mo) shows speed of change.
Volatility (CV) scales jumps by average level.

Compare FVCbank's Savings Account

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Feature	FVCbank	Select a bank...
Product	Advantage Direct Savings	N/A
APY	4.35% (as of 8/22/2025)	N/A
Bundled Account	No	N/A
FDIC-insured	Yes	N/A
Online Only	Yes	N/A
Compound Frequency	N/A	N/A
Minimum Deposit	$500	N/A
Minimum Balance for APY	$500	N/A
Maintenance Fee	$0	N/A
Direct Deposit Required	No	N/A