Valley Direct :
Online Savings Account - 0.55% 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 0.55%
Minimum deposit amount $5,000.00
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
Monthly Maintenance Fee N/A
Foreign ATM Fees N/A
Insufficient Funds Fee N/A
Incoming Wires N/A
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

  • April 10, 2021

    Online Savings Rates

    STAY AWAY! It is a front to obtain and sell your information. I fell into the trap of thinking that the rate was attractive. On $100,000, it amounts to about $50 more than I am currently getting at Ally. These New Yorkers have all of my info now and I never heard from them. Tried calling and they have no knowledge of my application.

  • March 15, 2021 |

    Online Savings Rates

    I applied online, entering all of my information and received a confirmation of my application. I have a screenshot. Trial deposits were never received and funds never withdrawn. My money sat in the external account earning nothing while I waited. And waited. I called and after a lengthy hold was told that they had no record of my account. Based on this experience, i would said that it has an uncanny resemblance to a fishing operation that is trying to exact personal information, and does not at all appear to be a bank.

  • August 23, 2020 |

    Online Savings Rates

    i seem to have been rejected for a savings account and these twits now have all of my info. Avoid it.

  • August 17, 2020

    Online Savings Rates

    Application is too involved. Leasing a car is easier. Not worth it for a couple for pennies for me. In fact, I would not even recommend it for someone depositing a million dollars.

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