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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.

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8/8/11 - Valley National Bank $150 Checking Account Promotion - NY & NJ Only
7/19/11 - $100 For Opening Valley National Bank (NJ) Rewards Perfect Checking Account
3/14/11 - Competitive Long-Term CD Rates at Valley National Bank in NJ & NY
2/10/11 - Valley National Bank $100 Checking Account Promotion - NY & NJ Only
9/6/09 - 2.50% 12-Month CD at Valley National Bank Branch in New York City - Local Only
8/16/09 - Checking Account Bonus up to $150 at Valley National Bank in New Jersey - Local Only
8/11/09 - 2.50% 12-Month CD & 2.25% 6-Month CD at Valley National Bank at a NY Branch - Local Only
7/22/09 - 2.22% 12-Month CD at LibertyPointe Bank in New York - NY, NJ & CT Residents Only
12/11/08 - 4.15% 12-Month CD at Park Avenue Bank in New York City
10/9/08 - 5.20% 18-Month CD at Park Avenue Bank in New York
10/2/08 - 5.10% 12-Month / 4.80% 6-Month CD at Park Avenue Bank in New York City
8/11/08 - 4.05% 9-Month / 4.05% 12-Month CD at a NJ/NY Bank (Valley National)
8/8/08 - 4.75% 3-Month / 4.25% 7-Month CD at a New York Bank - $100K Min (Park Avenue).
6/25/08 - 4.75% 3-Month CD at a New York Bank - $100K Min (Park Avenue)
3/10/08 - 4.65% 7-Month CD at a New York City Bank - and $150 Checking Bonus (Valley National Bank).
2/22/08 - 4.65% 7-Month CD at a New Jersey Bank - and $150 Checking Bonus (Valley National Bank).
2/2/08 - 5.25% 7-Month CD at a New York Bank (Valley National).
12/16/07 - 5.25% 18-Month / 5.25% 60-Month CD at a New York Bank (LibertyPointe).
11/15/07 - 5.50% 6-Month / 5.50% 18-Month CD at a New York Bank (LibertyPointe).
10/31/07 - 6.00% 12-Month CD at a New York Bank (LibertyPointe)
9/20/07 - 5.75% 5-Month CD at a New Jersey Bank (Valley National)
8/3/07 - 6.00% 5-Month CD at a New Jersey Bank (Valley National) - Update 2
7/25/07 - 5.60% 24-Month / 5.50% 12-Month CD at a New York Bank (LibertyPointe)
6/4/07 - 6.00% 5-Month CD at a New Jersey Bank (Valley National) - Update
5/22/07 - $150 Checking Account Bonuses at a New Jersey Bank (Valley National)
5/16/07 - 5.50% 24-Month / 5.50% 36-Month CD at a New York Bank (LibertyPointe)
3/9/07 - 5.70% 24-Month / 5.70% 36-Month CD at a New York Bank (LibertyPointe).
2/19/07 - 6.00% 5-Month CD at a New Jersey Bank (Valley National)
11/14/06 - 5.75% 6-Month / 5.75% 18-Month CD at a New York Bank (Park Avenue)
7/21/06 - 6.00% 12-Month / 5.75% 9-Month CD at a New York Bank (LibertyPointe)
4/17/06 - 5.40% 12-Month CD at a New York Bank
3/30/06 - 5.30% 12-Month / 5.50% 24-Month CD at a New York Bank
3/23/06 - 5.25% 12-Month CD at a New York Bank.
2/28/06 - 5.25% 24-Month / 5.05% 12-Month CD at a New York Bank

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.

Horrible Bank - Stay Away

Posted by: menio67 | Sep 18, 2011

Last year I opened up an account with Valley National in Landing, NJ.  I had been with TD Bank/Commerce Bank for years prior, but moved to Blairstown last year and wanted a bank close by my work and new home, since there were no local branches of TD Bank nearby.  Well, I could not believe the horrible service I would get from Valley National!  They were not honest about the funds availability schedule when I opened my account, and held on to my money for an excessive amount of time, even though the checks had already cleared.  When I complained to the branch, they were not even apologetic that it was not made clear to me when opening the account, and were visibly annoyed that I had the nerve to complain.  They assured me that if I had funds deposited via cash or direct deposit, the money would not be held unavailable like that.  So, I had my child support direct deposited into their bank.  Well, guess what?  They lied again!  A deposit that was made on 9/8 from child support via direct deposit still has HALF of the funds not available!  That is totally unacceptable!  I NEVER had any issues with funds availability with TD Banik or any other bank I have ever dealt with in my life.  I guess customer service is not a priority in this area--I can't believe that such an awful bank can even stay in business.  Then again, when I pass the Fredon branch or the Blairstown branch, I rarely ever see cars in the parking lot.  Maybe that says something.  Anyway...I plan to have my money direct deposited elsewhere...there HAS to be a better local bank than Valley National.  I've heard First Hope Bank is good, I may try them and see.  I can't imagine the service can be any worse than what I've gotten with Valley National.



Health Grade Components

FDIC Certificate #9396
Year Established1927
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.72%
Return on Equity - YTD6.72%
Annual Interest Income$374.6MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$21.76B$19.28B
LoansQ2 2016vs Q2 2015$16.40B$14.38B
DepositsQ2 2016vs Q2 2015$16.39B$14.42B
Equity CapitalQ2 2016vs Q2 2015$2.35B$2.08B
Loan Loss AllowanceQ2 2016vs Q2 2015$108.1MM$102.8MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$84.1MM$86.9MM
Real Estate OwnedQ2 2016vs Q2 2015$10.9MM$15.0MM
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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%$1k-Regular Passbook Savings
0.03%$1k-Regular Statement Savings
0.03%--Statement eSavings

Valley National Bank Money Market Rates

1.06%*$5m*-Prime Advantage MMA
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $25k | 0.15% $25k - $100k | 0.45% $100k - $500k | 0.65% $500k - $1,500k | 0.75% $1,500k - $5mm
1.06%*$5m*$10meMoney Market Advantage
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $25k | 0.15% $25k - $100k | 0.25% $10mm+ | 0.45% $100k - $500k | 0.65% $500k - $1,500k | 0.75% $1,500k - $5mm
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
0.25%*$100k*-Tiered Money Market Roth IRA
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k
0.25%*$100k*-Tiered Money Market Educational 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%--NOW Accounts

Valley National Bank CD Rates

2.02%*$100k*-66 Month Stepped Rate CD
OTHER TIERS: 1.77% $500 - $100k
2.02%*$100k*-Business 66 Month Stepped Rate CD
OTHER TIERS: 1.77% $500 - $100k
1.25%$500$500k48 Month CD
1.25%$500$500k72 Month CD
1.25%$500$500kBusiness 48 Month CD
1.25%$500$500kBusiness 72 Month CD
1.20%$500$500k36 Month CD
1.20%$500$500kBusiness 36 Month CD
1.15%$500$500k30 Months CD
1.15%$500$500k60 Month CD
1.15%$500$500kBusiness 30 Months CD
1.15%$500$500kBusiness 60 Month CD
1.15%$1k-18 Month CD Promo
1.05%$1k-13 Month CD Promo
1.00%$500$500k24 Month CD
1.00%$500$500kBusiness 24 Month CD
1.00%$1k-24 Month CD Promo
0.50%$100k-3 Months CD
0.50%$500$500k91 Days CD
0.50%$500$500k18 Months CD
0.50%$100k-Business 3 Months CD
0.50%$500$500kBusiness 91 Days CD
0.50%$500$500kBusiness 18 Months CD
0.50%$500$500k13 Month CD
0.50%$500$500kBusiness 13 Month CD
0.40%$500$500k12 Month CD
0.40%$500$500kBusiness 12 Month CD
0.30%$500$500k9 Months CD
0.30%$500$500kBusiness 9 Months CD
0.25%$100k-6 Months CD
0.25%$500$500k6 Months CD
0.25%$500$500kBusiness 6 Months CD
0.25%$100k-Business 6 Months CD
0.15%$100k-2 Months CD
0.15%$100k-Business 2 Months CD
0.15%$100k-1 Month CD
0.15%$100k-Business 1 Month CD
0.10%$100k-7 Days CD
0.10%$100k-14 Days CD
0.10%$100k-Business 7 Days CD
0.10%$100k-Business 14 Days CD

Valley National Bank IRA Rates

2.25%$250-6 Year IRA
2.00%$250-5 Year IRA
1.60%$250-4 Year IRA
1.40%$250-3 Year IRA
1.20%$250-2 - 1/2 Year IRA
1.00%$250-2 Year IRA
0.80%$250-1 - 1/2 Year IRA
0.61%$250-1 - 1/2 Year FLOATING IRA
0.60%$250-1 Year IRA
0.40%$250-6 Month IRA

Valley National Bank has 219 locations. Click to view all Valley National Bank locations.