Valley
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.20% | 1-year CD | 2.60% - Capital One 12 Month 360 CD |
| 2.00% | 5-year CD | |
| 0.03% | Savings |
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
9/6 - 2.05% APY Money Market Account With Checking - Valley National Bank
8/22 - Valley National All Access Rewards Checking Account: $20 A Month If $750 DD/Month (1st yr only?)
6/13 - 2.25% APY 16-Month CD Special In Florida - Valley National Bank
3/8 - 12 Month CD - 1.85% APY
2/12 - $150 Bonus For Student Checking Account In FL, NY And NJ
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.
Disgusting Costumer Service In My Branch
The manager (?) of my branch in Parsippany, NJ is extremely rude.
I was going to open a business checking account for my LLC, and she looked at me like I have 2 heads and started asking me a bunch of personal questions about the nature of the services I provide, including “and you’re licensed to do this therapy?” YEAH I’M LICENSED TO DO THIS THERAPY!
Next, I needed to wire money to an international account and she required my drivers license to do this. Fine, no problem. Except I left it in my other purse at home. Her follow up question, “And you drove here?” Which actually no, I walked there because my arm is broken and I can’t drive. But even if I DID drive there, which I didn’t, how is that any of her business or relevant to the business we are doing? I asked if they have a copy of my license from when I opened a debit card with them a few weeks ago, and she said, no they rip those up. She wouldn’t even check the system as a courtesy. I needed to wire the money ASAP.
I was so taken aback by her rude behavior.
It also takes Valley National twice as long as Chase to transfer money to another account, both national and international. It’s also more expensive to wire money into an international account than at Chase. Also, they don’t accept international transfers of money after 3:00, whereas at Chase, they give you until 4:00.
I felt she was fishing to find something wrong with me. Anyway, I’ll be taking my business to Chase now. I am not doing either of the two tasks mentioned above at Valley National, because of that manager’s treatment of me, and I’m transferring all my savings, checking...etc to the Chase branch near me, where I witnessed the customer service being MUCH better.
Data as of Q2 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 9396 |
| Year Established | 1927 |
| Employees | 3332 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.85% |
| Return on Equity - YTD | 7.48% |
| Annual Interest Income | $547.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $30.14B$23.41B |
| Loans | Q2 2018vs Q2 2017 | $23.13B$17.73B |
| Deposits | Q2 2018vs Q2 2017 | $21.74B$17.30B |
| Equity Capital | Q2 2018vs Q2 2017 | $3.44B$2.54B |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $138.8MM$116.4MM |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $152.2MM$91.9MM |
| Real Estate Owned | Q2 2018vs Q2 2017 | $11.8MM$10.2MM |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
15 Month 2.75% APY In Branch Only
Website does not mention minimum amount
2.05% APY Money Market Account With Checking - Valley National Bank
Open a Premium Money Market Account with Select Checking and we will boost your Premium Money Market rate to 2.05% APY.
OR
With Premium Money Market, you can earn a high competitive rate of 1.80% APY.
Premium Money Market:
Minimum deposit of $10,000
Maximum deposit of $10,000,000
New Money Only
maintenance fee of $25 will be imposed each monthly statement cycle if the average daily collected balance falls below $10,000. Bonus Rate of 2.05% APY when a VNB Select Checking account is maintained with a qualifying direct deposit. Rate will revert to 1.80% APY if the direct deposit requirement is not met.
https://www.valleynationalbank.com/personal/banking/savings/prem-money-market
Valley National All Access Rewards Checking Account: $20 A Month If $750 DD/Month (1st yr only?)
https://www.valleynationalbank.com/personal/banking/checking/vnb-all-access-rewards-checking
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%*† | $250k* | - | Tiered eSavings | ||
| OTHER TIERS: 0.10% → $1 - $25k | 0.45% → $25k - $250k | |||||
| 0.05%† | $1 | - | 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 Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.05%† | $10k | $10m | Valley Premium Money Market w/ Checking | ||
| 1.80%† | $10k | $10m | Valley Premium Money Market | ||
| 1.70%*† | $500k* | $1.5m | VNB Tiered Money Market Savings | ||
| OTHER TIERS: 0.15% → Up to $5k | 0.25% → $5k - $25k | 0.35% → $25k - $50k | 0.55% → $50k - $100k | 0.65% → $100k - $500k | 1.20% → $1.5m+ | |||||
| 1.25%† | $10k | - | Money Market Savings Special | ||
| 1.20%*† | $1.5m* | $10m | Prime Advantage MMA | ||
| OTHER TIERS: 0.15% → $1 - $5k | 0.25% → $5k+ | 0.35% → $25k - $50k | 0.55% → $50k - $100k | 0.65% → $100k - $500k | |||||
| 0.65%*† | $100k* | - | eMoney Market Advantage | ||
| OTHER TIERS: 0.15% → $1 - $5k | 0.25% → $5k - $25k | 0.35% → $25k - $50k | 0.55% → $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 CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.70%† | $500 | - | 18 Month CD | |
| 2.50%† | $500 | - | 15 Month CD - New Money | |
| 2.40%† | $500 | - | 16 Month CD - New Money | |
| 2.35%† | $500 | $500k | 13 Month CD | |
| 2.35%† | $500 | - | 14 Month CD | |
| 2.35%† | $500 | - | 14 Month CD w/ minimum balance | |
| 2.35%† | $500 | - | 18 Month Variable Rate CD | |
| 2.20%† | $500 | $500k | 12 Month CD | |
| 2.02%† | $100k | - | 66 Month Step-Up Jumbo CD | |
| 2.00%† | $500 | $500k | 60 Month CD | |
| 2.00%† | $500 | $500k | 37 Month Step Up CD | |
| 1.85%† | $500 | $500k | 48 Month CD | |
| 1.77%† | $500 | $500k | 66 Month Step-Up CD | |
| 1.75%† | $500 | $500k | 9 Month CD | |
| 1.75%† | $500 | $500k | 36 Month CD | |
| 1.75%† | $500 | $500k | 25 Month Step Up CD | |
| 1.60%† | $100k | - | 6 Month Jumbo CD | |
| 1.60%† | $500 | $500k | 6 Month CD | |
| 1.60%† | $500 | $500k | 30 Month CD | |
| 1.60%† | $500 | - | 15 Month CD - New Money w/ minimum balance | |
| 1.50%† | $100k | - | 3 Month Jumbo CD | |
| 1.50%† | $500 | $500k | 91 Day CD | |
| 1.50%† | $500 | - | 24 Month CD | |
| 1.25%† | $500 | $500k | 72 Month CD | |
| 0.50%† | $100k | - | 2 Month Jumbo CD | |
| 0.35%† | $100k | - | 1 Month Jumbo CD | |
| 0.25%† | $100k | - | 7 Day Jumbo CD | |
| 0.25%† | $100k | - | 14 Day Jumbo CD |
Valley IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.70%† | $250 | - | 18 Month Rate IRA | |
| 2.66%† | $250 | - | 18 Month Variable Rate IRA | |
| 2.25%† | $250 | - | 72 Month IRA | |
| 2.20%† | $250 | - | 1 Year IRA | |
| 2.00%† | $250 | - | 60 Month IRA | |
| 1.85%† | $250 | - | 48 Month IRA | |
| 1.75%† | $250 | - | 36 Month IRA | |
| 1.60%† | $250 | - | 6 Month IRA | |
| 1.60%† | $250 | - | 30 Month IRA | |
| 1.50%† | $250 | - | 24 Month IRA |
