Valleydirect

Deposits held and insured by Valley

Overview / Commentary
866-899-9900
1455 Valley Road
Wayne, NJ 07055
Deposits held and insured by Valley

Related Posts

Valleydirect Slashes Again Its Savings Account To 4.80% APY - 2/21/2024

"Effective February 21, 2024, the Annual Percentage Yield (APY) on your Valley Direct Savings Account is changing to 4.80% APY and the new interest rate will be updated in your account details today." To the credit of Valleydirect, it at least informed its customers unlike other banks which cut their interest rates stealthily.

Valleydirect High Yield Savings Account Cuts Interest Rate To 5.05% APY - 1/16/2024

It's common for savings rates to fluctuate, but our commitment to help you reach your savings goals never waivers. If you have any questions, you can contact our Customer Support Team at 866-899-9900, Monday-Friday between 8AM and 6PM, EST.

Has Joined The 5% Apy Online Savings Club - 7/17/2023

I just noticed it today Valleydirect has increased to 5% apy for there online savings.

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Rate Dropped Twice This Year Already

I was please with the ability to Zelle small amount of money out quickly with Valley Direct, but it looks like their rate is not as competitive as UFB Direct. 1/16/2024 5.05% APY, 2/21/2024 4.80% APY

Daily Withdrawal Limits

FYI - If you're using their Savings Account for high $$$, there is a daily withdrawal limit of $25,000. Fine for 99.9% probably, but not for all. Then again, it's YOUR money so why the cap when others like CIT or DollarSavingDirect, etc., have none?

Not Worth The Hassle

Posted by: |

I have very good credit, and 7 credit freezes going. I temp lifted Chexsystems, since that's the one Valley told me they check. When I applied, I was rejected. The email said something about "3rd Party Freeze". I literally spent/wasted an entire day dealing with this. Long story short, I temp unfroze ALL of my freezes, and tried again the next morning. Rejected again. Same reason given via email, even though I now had no active freezes. Tried calling ValleyDirect CS again, and (as usual) waited on hold for 15 minutes, and finally said, screw this.

I checked out Vio Bank, looked okay, same great rate, called CS as a test and they picked up immediately, and they were nice and helpful, so applied on their site, the process was easy, they asked me security questions (proving, I think, that my LexisNexis freeze was indeed temp unfrozen), it all worked, the two trial deposits were in my external account the next morning, and that morning I was up and running with my new Vio account and online banking. Easy, and smooth. The opposite of Valley Direct.

The couple times I spoke with Valley Direct CS (after waiting on hold for too long, IMO), they were very nice, which spurred me to keep trying, but it just wasn't worth the hassle, not when there are so many other viable options.

SCAM ARTISTS OF JERSEY

Posted by: |

Filed Complaint with CFPB and OCC against them and having served NO ARBITRATION NOTICE I will be suing them: Valley feels in-liberty to violate recognized and federally sanctioned rules: (A) They falsely place hold on my account to avoid paying interest, subsequent to an ACH transfer. (B) They place long (11-14 days) hold on deposited Certified Bank Checks, even when you have far more than the check sitting in your account. (C) They are reckless with record keeping, e.g., they do not divulge, disclose, or mail acknowledgement of successful designation of beneficiary (until I filed complaint with CFPB against them). (D) They have undisclosed terms (policy) to defraud you, e.g, $300 minimum balance on account. (E) They have hands off (unaccountable) attitude of management from top down. See my CFPB complaint and Valley's response thereof, which I authorized CFPB to publish.

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Health
A

Data as of Q4 2023

Data displayed below is for insuring bank: Valley
Learn why bank health matters

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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Valleydirect Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.75%--Online High Yield Savings

Valleydirect CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%$500$500kOnline 12 Month CD
Locations

Valleydirect is an Internet only bank and does not have branch locations. Its headquarters is located at 1455 Valley Road - Wayne, NJ 07055

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.