Valley Direct:
Online Savings Account - 2.10% 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 | 2.10% |
| 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 |
| 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
BillyO
April 30, 2022 |
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.
Is this review helpful? Yes:0 / No: 0
Problems and more problems
September 1, 2021 |
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.
Is this review helpful? Yes:2 / No: 0
SadSack
August 7, 2021 |
Easy to open and access account. Very professional and user friendly. Excellent higher rate! Definitely worth it with a solid bank behind it!
Is this review helpful? Yes:2 / No: 0
Nancy D
July 6, 2021 |
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.
Is this review helpful? Yes:3 / No: 0
Petersen320
June 4, 2021 |
An account that cannot be funded without going into a branch is not an online account and should not be listed as such.
Is this review helpful? Yes:3 / No: 0
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