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.

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: |

Out of date technology and rude customer service for my car loan.

Withdrawal Hold

Posted by: |

I opened a Valley National online account and verified my bank account information. My numerous deposits into the account. Valley then dropped the interest rates so I decided to withdraw my money. A screen comes up telling me my account is on hold because they can't verify my identity and won't let the transfer go through. It's funny when they never questioned the deposits in but take money out and they put a hold on your account. Called Customer Service. They put you through all these question, verify your identity, then they state they are going to recommend the hold be removed. Why can't they do it? After several hours I called back and had to do it all again. Same result. It seems to me they have no problem holding on to your money refusing to give back your own money. Do not use Valley National.

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Health

Health Grade Components

Overall
FDIC Certificate #9396
Year Established1927
Employees3723
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.88%
Return on Equity - YTD7.4%
Annual Interest Income$3.14B
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$60.94B$57.45B
LoansQ4 2023vs Q4 2022$49.79B$46.48B
DepositsQ4 2023vs Q4 2022$49.44B$47.78B
Equity CapitalQ4 2023vs Q4 2022$7.28B$7.15B
Loan Loss AllowanceQ4 2023vs Q4 2022$446.1MM$458.7MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$304.8MM$296.2MM
Real Estate OwnedQ4 2023vs Q4 2022$71K$286K
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.

Valley Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$10k$10mValley Premium Money Market w/ Select Checking and DD
1.36%*$500k*$10mVNB Tiered Money Market Savings
OTHER TIERS: 0.10% $10m+ | 0.60% Up to $5k | 0.70% $5k - $25k | 0.80% $25k - $50k | 0.90% $50k - $100k | 1.01% $100k - $500k
1.31%*$10k*$1mMoney Market Savings
OTHER TIERS: 0.50% Any amount

Valley Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.02%$100-VNB Interest Checking Plus

Valley CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.90%$500$1m3 Month CD - In Branch
4.90%$500$500k3 Month CD - Online
4.75%$500$1m6 Month CD - In Branch
4.75%$500$500k6 Month CD - Online
4.50%$500$1m12 Month CD - In Branch
4.50%$500$500k12 Month CD - Online
4.25%$500$1m24 Month CD - In Branch
4.25%$500$500k24 Month CD - Online
Locations

Availability

New York Area

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