Valley


Overview / Commentary
973-777-6768
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

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10/13/14 - Valley National Bank (NJ) Attractive "Great Rates For Anytime" CDs
10/12/14 - Valley National Bank In NJ And NY Offering Good CD Rates
6/29/12 - $150 Checking Account Promotion
5/11/12 - Special 5-Year & 30-Month CD Rates at Valley National Bank in NY - Local Only
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 & 2.25% 6-Month CD at Valley National Bank at a NY Branch - Local Only
9/6/09 - 2.50% 12-Month CD at Valley National Bank Branch in New York City - Local Only
9/4/09 - Checking Account Bonus up to $150 at Valley National Bank in New Jersey - 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
10/30/08 - 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
8/27/08 - 4.75% 3-Month / 4.25% 7-Month CD at a New York Bank - $100K Min (Park Avenue).
8/11/08 - 4.05% 9-Month / 4.05% 12-Month CD at a NJ/NY Bank (Valley National)
6/25/08 - 4.75% 3-Month CD at a New York Bank - $100K Min (Park Avenue)
3/24/08 - 4.65% 7-Month CD at a New York City Bank - and $150 Checking Bonus (Valley National Bank).
3/22/08 - 4.65% 7-Month CD at a New Jersey Bank - and $150 Checking Bonus (Valley National Bank).
2/24/08 - 5.25% 7-Month CD at a New York Bank (Valley National).
1/5/08 - 5.25% 18-Month / 5.25% 60-Month CD at a New York Bank (LibertyPointe).
12/15/07 - 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)
4/5/07 - 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 - 5.25% 12-Month CD at a New York Bank.
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
2/28/06 - 5.25% 24-Month / 5.05% 12-Month CD at a New York Bank

We love our bank!

We have been banking here for over 20 years. I love the individualized service you get at a small local bank. When my husband had his business we had his account here as well as our personal checking and a savings account. They knew him when he walked in and we have always been treated with the utmost respect and friendliness. I have had experience in the past with big banks and there is no comparison. I also like that smaller banks might be less likely to be the target of hackers. In today's world there is so much to look out for. Since so much of banking is accomplished online now we don't have as much interaction with the actual personnel at the bank but if we ever need to call our questions are answered quickly and professionally every time. I would not consider changing banks, especially to a big bank, even though we don't have ALL of the conveniences available at bigger banks. I would rather have the great service than all of the bells and whistles.

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.

Incompetence In Resolving Problem

Posted by: |

It's been several months since valley took over my original bank, they locked my business account and I was not able to do bill pay to my creditors online. After 2 months of persistent telephone calling and visits to the regional branch, nothing got solved. My account is still locked, now I cannot visit the branch due to Covid coronavirus situation. They are impossible to reach on the phone and their IT department is useless. I am going to switch banking as soon as I am able to. For now, they are holding my money hostage.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #9396
Year Established1927
Employees3183
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.06%
Return on Equity - YTD9.36%
Annual Interest Income$1.32B
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$37.44B$31.83B
LoansQ4 2019vs Q4 2018$29.61B$24.92B
DepositsQ4 2019vs Q4 2018$29.31B$24.56B
Equity CapitalQ4 2019vs Q4 2018$4.57B$3.51B
Loan Loss AllowanceQ4 2019vs Q4 2018$161.8MM$151.9MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$173.1MM$153.3MM
Real Estate OwnedQ4 2019vs Q4 2018$9.3MM$9.5MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Valley ; 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.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Valley Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%$1-Kids First Savings Club Account
0.02%$1k-Golden Passbook Savings
0.02%$100-Regular Passbook Savings
0.02%$1k-Golden Statement Savings
0.02%$100-Regular Statement Savings

Valley Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$10k$10mValley Premium Money Market w/ Select Checking and DD
0.50%$10k$10mVNB Premium Money Market
0.40%*$500k*$10mPrime Advantage MMA
OTHER TIERS: 0.05% Up to $5k | 0.08% $5k+ | 0.12% $25k - $50k | 0.18% $50k - $100k | 0.22% $100k - $500k

Valley CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$500$500k60 Month CD
0.45%$500$500k48 Month CD
0.35%$500$500k36 Month CD
0.35%$500-18 Month Floating CD
0.30%$500-24 Month CD
0.25%$500$500k91 Day CD
0.25%$500$500k6 Month CD
0.25%$500-12 Month CD

Valley IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$250-60 Month IRA
0.45%$250-48 Month IRA
0.35%$250-36 Month IRA
0.30%$250-24 Month IRA
0.25%$250-12 Month IRA
0.25%$250-6 Month IRA
0.15%$250-18 Month FLOATING IRA
Locations

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