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Overview / Commentary
615 Main Avenue
Passaic, NJ 07055

Valley National Bank engages in personal, commercial, corporate and institutional banking and offers depository products, loans, and insurance options to its customers and potential customers.

The bank makes several checking and savings accounts available, which include basic and senior checking as well as health and children’s savings accounts. Money Market accounts are available and differ from the savings accounts with regard to account requirements. CDs and IRA CDs are also offered with term lengths ranging from 7 days to 72 months.

Valley National Bank online banking is called VBankWorks and gives customers access to free online account management services. It offers them the ability to check account balances, view transaction history, transfer funds, and pay bills.

Valley National Bank was originally established in 1927 as the Passaic Park Trust Company, before changing to its current name in 1976. It is headquartered in Waynen, New Jersey and is the principal subsidiary of Valley National Bancorp, operating hundreds of branches predominantly in the states of New Jersey and New York.

Related Posts

New Step-Up CD Promo At Valley National Bank In FL, NY & NJ - 4/20/2017

1.75% apy 37-month step up CD 1.50% apy 25-month step up CD Minimum deposit $500 maximum $500,000 Customer may exercise the option to a one-time rate change during the initial term and one-time during each subsequent renewal term to the prevailing 25 month or 37 month rate https://www.valleynationalbank.com/Personal/promo-step-up-cd.aspx

$150 Bonus For Student Checking Account In FL, NY And NJ - 2/12/2017

Valley National Bank has a promotion for its student checking account called VNB My Choice Checking which is intended for young adults from 17 to 25. $75 for opening a new checking account and activating Mobile Banking $75 for completing a minimum of 20 debit card transactions of at least $5 OR enrolling in online banking and completing 3 online bill payment transactions. There is no monthly maintenance fee and it includes a monthly rebate of up to $20 for ATM fees at other bank ATMs. https://www.valleynationalbank.com/Personal/Checking.aspx?p=StudentChecking

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I Like Their Calls About My Late Payments. Saved My Credit Rating!

I have repeatedly missed my car payment dates. They call my cell, mention the problem, and I say pay it. I finally got my own bank to start making automatic payments for this reason, so the calls should stop. Given all the $10 or see fees each late period, I paid about $100 in late fees this year. That is my fault. I consider the fees a bargain. Someone had to call me, and that service costs money. Often, these callers get nowhere, so I must unfortunately but realistically account for that low efficiency in what I pay as a late fee. I appreciate the calls. It's much better than my forgetting until I end up with my payments so overdue they get reported to credit agencies. My credit score is over 820. If not for their calls, I would forget and it would be much lower. I don't recall getting calls when I missed payments for anything. For me, it's a win-win. Maybe other banks do that, but I'm just glad they do it. Saved my credit score. I'm thinking of buying a house. How much is the score worth to me? A lot! I do wish I could have paid online to their bank directly from mine without an account at their bank, but such is life.

No CD Promotion Available?

I had a CD come due at this bank recently and went in to my local branch to renew the CD at the current posted promotion rate on this site. When I asked them about the promotion, they had no idea what I was talking about and said they didn't have a promotion even close to that rate. Why advertise the promotion if the banks don't have it? They lost my business to yet another internet bank.

Wasn't Pleased

Posted by: Anonymous | Mar 25, 2011

Out of date technology and rude customer service for my car loan.

Worse Service I've Ever Had From A Bank

Posted by: adrock | Oct 5, 2016

Avoid this bank at all costs!

Great location, right on Main street near downtown Dunedin. They are a "smallish" community bank, I was really excited to open an account conveniently located without having to use one of the huge corporate banks where the service is just awful.

Well color me surprised when the manager of this bank was the most obnoxiously rude COW I've ever encountered at any bank. I'm sitting at the service desk opening a new account, the account rep is entering all my information into his computer, when suddenly this grumpy old lady walks up behind me and is leering at me over my shoulder -- very odd! She begins to interrogate me about my personal life, asking questions which have nothing to do with banking. I worked in banking for 14 years and the questions this lady was asking were not apropos to banking nor even legal to be demanding that a customer answer.

I was like, "Excuse me, who are you, and why are you asking me personal questions."
She replies, "I'm the manager and if you don't answer my questions then you can leave."
I couldn't believe how this old lady was treating me. So I asked if she was anti- gay and lesbian. She replies, "Get out! I don't want people like you in my bank!"

I've never been treated so poorly by a bank. And to finish the story, I went up the road to USAmeribank (also a community bank) and they opened my account on the spot and were very nice. They even had free freshly baked cookies. Yay USAmeribank... boo Valley National... more like Valley of the Lepers.



Health Grade Components

FDIC Certificate #9396
Year Established1927
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD7.62%
Annual Interest Income$410.3MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$23.41B$21.76B
LoansQ2 2017vs Q2 2016$17.73B$16.40B
DepositsQ2 2017vs Q2 2016$17.30B$16.39B
Equity CapitalQ2 2017vs Q2 2016$2.54B$2.35B
Loan Loss AllowanceQ2 2017vs Q2 2016$116.4MM$108.1MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$91.9MM$84.1MM
Real Estate OwnedQ2 2017vs Q2 2016$10.2MM$10.9MM
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Always verify rates and promotions with the bank or credit union. We are not Valley National Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Valley National Bank Savings Account Rates

0.50%*$250k*-Tiered eSavings
OTHER TIERS: 0.10% Up to $25k | 0.45% $25k - $250k
0.05%--Kids First Savings Club Account
0.04%$1k-Golden Passbook Savings
0.04%$1k-Golden Statement Savings
0.03%$100-Regular Passbook Savings
0.03%$100-Regular Statement Savings
0.03%$100-Statement eSavings

Valley National Bank Money Market Rates

1.35%*$5m*$10mPrime Advantage MMA
OTHER TIERS: 0.25% Any amount | 0.35% $5k - $25k | 0.45% $25k - $50k | 0.65% $50k - $100k | 0.75% $100k - $500k | 1.20% $500k - $1,500k | 1.25% $1,500k - $2,500k | 1.30% $2,500k - $5mm
0.50%*$100k*-eMoney Market Advantage
OTHER TIERS: 0.10% Up to $5k | 0.15% $5k - $25k | 0.20% $25k - $50k | 0.35% $50k - $100k
0.25%*$100k*-Tiered Money Market IRA
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k

Valley National Bank Checking Account Rates

0.02%$100-NOW Accounts

Valley National Bank CD Rates

2.02%*$100k*-66 Month Stepped Rate CD
OTHER TIERS: 1.77% $500 - $100k
2.00%$500$500k60 Month CD
1.85%$500$500k48 Month CD
1.75%$500$500k36 Month CD
1.75%$500$500k37 Month Step Up CD
1.60%$500$500k30 Month CD
1.50%$500-24 Month CD
1.50%$500$500k25 Month Step Up CD
1.40%$500-18 Month CD
1.35%$500-18 Month Floating CD
1.30%$500$500k12 Month CD
1.25%$500$500k72 Month CD
1.10%$100k-6 Month CD
1.10%$500$500k6 Month CD
1.00%$500$500k9 Month CD
0.75%$100k-3 Month CD
0.75%$500$500k91 Day CD
0.50%$500$500k13 Month CD
0.15%$100k-2 Month CD
0.15%$100k-1 Month CD
0.10%$100k-7 Day CD
0.10%$100k-14 Day CD

Valley National Bank IRA Rates

2.25%$250-6 Year IRA
2.00%$250-5 Year IRA
1.85%$250-4 Year IRA
1.75%$250-3 Year IRA
1.60%$250-2 - 1/2 Year IRA
1.50%$250-2 Year IRA
1.40%$250-1 - 1/2 Year IRA
1.30%$250-1 Year IRA
1.23%$250-1 - 1/2 Year FLOATING IRA
1.10%$250-6 Month IRA