Valley Direct, a division of Valley National Bank

Deposit Rates APY Vs.Others
Savings 2.20% 3.05% →
1-Year CD N.A. 3.30% →
2-Year CD N.A. 3.60% →
3-Year CD N.A. 3.65% →
4-Year CD N.A. 3.70% →
5-Year CD N.A. 3.75% →

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 $43.42 billion in assets.

Deposits FDIC Insured Yes
Insured Bank Valley National Bank
FDIC Certificate # 9396
Date Established 1927
Assets $43.42 billion
Loans $35.08 billion
Deposits $35.65 billion
Capital $5.73 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 - September 27, 2022

Online Savings and Money Market Rates
Online Savings and Money Market Rates APY MIN MAX
Online Savings Account
2.20% $5,000 - Learn More


Bank Offers

Valley Direct raises online savings rate to 0.70% APY
Mar 17, 2022

The rate had previously been 0.55%.

Climate Initiatives

Valley Direct, a division of Valley National Bank 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, a division of Valley National Bank

  • April 30, 2022 |

    Online Savings Rates

    I opened an account here last year. I have enjoyed getting a rate that is above Marcus, Ally or any of the better known names. What I have not enjoyed is having my mailbox flooded (and I mean flooded) with absolute nonsense offers for credit cards, mortgages, and other credit products. I've tried to opt out and cannot. It is just a terrible waste.

  • 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.

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