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.
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
Out of date technology and rude customer service for my car loan.
Rejected By Chex
I just tried to open a high-yield savings and was rejected. Was also interested in their 3-yr flex rate CD. There is no clear reason why (no bounced checks in years) or easy way to resolve, so I proceeded to my third choice, Vio Bank, and am awaiting comfirmation via micodeposits. Also, credit score of 692 is not mine. Discover Bank reports this on my account today: "Your FICO® Score 8 based on TransUnion® data: FICO score based on TransUnion data 850 Exceptional."
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 9396 |
| Year Established | 1927 |
| Employees | 3864 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.02% |
| Return on Equity - YTD | 8.62% |
| Annual Interest Income | $720.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $64.31B$43.42B |
| Loans | Q1 2023vs Q1 2022 | $48.24B$35.08B |
| Deposits | Q1 2023vs Q1 2022 | $47.76B$35.65B |
| Equity Capital | Q1 2023vs Q1 2022 | $7.25B$5.73B |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $436.9MM$362.5MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $259.7MM$241.7MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $1.2MM$1.0MM |
