6.00% 5-Month CD at a New Jersey Bank (Valley National) - Update 2

Valley National Bank is offering a 6% APY 5-month certificate of deposit. The minimum deposit is $500, and the maximum is $500K. A checking account is required with direct deposit. Without direct deposit the yield is 5.50% APY. The money must be new to the bank. This special is only available at the bank's new branch in Edison, New Jersey (2084 Route 27, phone 732-287-1442). It's not listed at the bank's website. A reader mentioned it in the comments, and I found additional info on this at this online ad. Also advertised is a 5% APY money market account promotion with a minimum deposit of $5K for individuals and $10K for businesses. The 5% yield is guaranteed for 6 months.

My last post on this bank was in June when they had a similar CD promotion at some other new branches. The bank seems to be coming out with new branches every few months.

$150 Checking Account Bonus Still Available

The bank is still offering a $150 checking account bonus (see post) which is available all of their New Jersey and New York branches.

Valley National Bank is FDIC insured (FDIC Certificate # 9396).

Thanks to the reader Ram who mentioned this new CD promo in the comments of the finding deals post.

Tags: Valley National Bank, CD rates, New Jersey