Bank of the Valley is welcoming in Spring with an 11-month CD Special (1.41% APY). The minimum opening deposit is $500, with no balance cap.
The 11-month CD Special is also offered as an IRA (Traditional and SEP) earning the same APY, with the same funding requirements.
According to CSR, the Early Withdrawal Penalty is only one month’s interest.
An additional 0.25% APY is available when opening and/or maintaining a Bonus or Loyalty Checking account.
Headquartered in Bellwood, Bank of the Valley is a community bank that has a market area covering Northeast Nebraska. Bank of the Valley offers personal, agricultural, and business banking services.
Opening an account at Bank of the Valley requires a visit to any of four Nebraska branches, located in Bellwood, Columbus, David City, and Platte Center.
Bank of the Valley recently announced the acquisition of Farmers State Bank, which is located in Humphrey, Nebraska. The transaction is expected to be completed by the end of the second quarter of 2016, with Farmers State Bank becoming a branch of Bank of the Valley.
Bank of the Valley (FDIC Certificate # 25291) has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 1.07% (excellent) based on December 31, 2015 data. In the past year, Bank of the Valley has increased its total deposits by $20.01 million, an excellent annual growth rate of 16.8%. Please refer to our financial overview of Bank of the Valley for more details.
Bank of the Valley was established in 1984 to service the needs of the local agricultural community. In 2007, the Bank acquired the Platte Center Bank and will shortly finalize the acquisition of Farmers State Bank (Humphrey, Nebraska). In 32 years, Bank of the Valley has grown to become Nebraska’s 64th largest bank, with assets in excess of $175 million.
How the CD Compares
When compared to the 198 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available to residents of Northeast Nebraska, Bank of the Valley’s 11-month CD APY currently ranks first.
The above rates are accurate as of 5/12/2016.