Valley Direct

Deposit Rates APY Vs.Others
Savings 0.55% 0.85% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.87% →
3-Year CD N.A. 1.00% →
4-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →

2022 Overview

General Online Bank Information

Money that you deposit is held by Valley National Bank. Valley National Bank is an FDIC insured institution founded in 1927. It has approximately $41.29 billion in assets.

Deposits FDIC Insured Yes
Insured Bank Valley National Bank
FDIC Certificate # 9396
Date Established 1927
Assets $41.29 billion
Loans $32.42 billion
Deposits $33.73 billion
Capital $5.49 billion

For a more detailed analysis of Valley National Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - January 19, 2022

Online Savings and Money Market Rates
Online Savings and Money Market Rates APY MIN MAX
Online Savings Account
0.55% $5,000 - Learn More


Climate Initiatives

Valley Direct is encouraged to provide us with this information. When we receive this information from the online bank, we will provide it here.

Customer Reviews for Valley Direct

  • September 1, 2021 |

    Online Savings Rates

    Had to apply 3x before finally being approved, was told to fund through a branch so it isn't really an online account (although it can be funded externally). Rate is attractive, but there are other banks with attractive rates and no nuisances. About 2 stars.

  • August 7, 2021 |

    Online Savings Rates

    Easy to open and access account. Very professional and user friendly. Excellent higher rate! Definitely worth it with a solid bank behind it!

  • July 6, 2021 |

    Online Savings Rates

    I cannot believe that I opened an account online and read all fo the documentation and only then learned that I cannot get a single penny into the account without going to a branch. On the positive side, the account opening process was straightforward other than this.

  • June 4, 2021 |

    Online Savings Rates

    An account that cannot be funded without going into a branch is not an online account and should not be listed as such.

  • May 29, 2021 |

    Online Savings Rates

    opened account and then learned that i cannot transfer money in. waste of time and possibly hard credit pull.

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