3.50% 10-Month CD at a Virginia Bank - Add-On (Valley)

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Valley Bank is offering a special 3.50% APY 10-month CD. The minimum deposit is $2,500. There's an add-on feature that allows additional deposits of at least $500 to be made anytime during the term. The maturity date will remain the same regardless of the add-on deposits.

The bank also has a 5.01% APY reward checking account. I just reported on this in a previous post.

Branches are located in the Virginia cities of Roanoke, Salem and Vinton. The bank has been FDIC insured since 1995 (FDIC Certificate # 34019).
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3.51% Reward Checking Account at a Virginia Bank (Valley)
Update 11/02/09: The top rate has fallen to 3.51% APY. Refer to the bottom of the post for the rate history.

Valley Bank has a reward checking account called My LifeStyle Checking that pays 3.51% APY on balances up to $25,000 (1.01% for above) and refunds ATM fees (including international ATMs) if the following monthly requirements are met:
  • 12 Visa Check Card Purchases
  • One direct deposit or ACH debit/credit
  • receive E-statements
If these are not met, the rate falls to 0.10%. The minimum initial deposit is $100. There are no minimum balance requirements or monthly...


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