Valley Direct, a division of Valley National Bank:
Online Savings Account - 4.00% APY

• No maintenance fees
• $5,000 minimum deposit
• Interest is compounded daily and credited monthly
• Rebates on 2 transactions each month at any ATM in the U.S. Always free at Valley ATMs.
• Transfers from the Valley Direct account to another account or to third parties by preauthorized automatic, or telephone transfer are limited to six per monthly statement cycle.
• FDIC insured


Fee and Feature Guide

Savings Account
Interest Rate
APY 4.00%
Minimum deposit amount $1.00
Maximum deposit amount N/A
Balance Requirements
Minimum Opening Deposit $5,000.00
Minimum Balance to Avoid Fees $0.00
Minimum Required Balance $0.00
Fees
Monthly Maintenance Fee N/A
Foreign ATM Fees N/A
Insufficient Funds Fee N/A
Incoming Wires N/A
Statements
Paper Statements ×
Online Statements Yes
Online and Telephone Banking
Online Banking Yes
Telephone Banking Yes
Mobile Banking Yes
Deposit Checks with Mobile Device Yes
Free Bill Pay Yes
Online Bill Payments Required Yes
Account Opening
Open Online Yes
Insured by F.D.I.C.

Customer Reviews for Valley Direct, a division of Valley National Bank


  • November 2, 2022 |

    They have a limit of no more than 2000.00 a day transferred in and no more than 10,000.00 per month transferred in. Their customeer service is not very knowledgeable of this online account either. I wanted to close it and it had 2 cents in the account and they told me I needed to go into a branch to close an online account. I live in california they are no where in this state. Very Disorganized.

  • November 2, 2022 |

    They have a limit of no more than 2000.00 a day transferred in and no more than 10,000.00 per month transferred in. Their customeer service is not very knowledgeable of this online account either. I wanted to close it and it had 2 cents in the account and they told me I needed to go into a branch to close an online account. I live in california they are no where in this state. Very Disorganized.

  • 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!

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