Last Updated: 12/17/2025
Valley Direct by Valley Bank Online CDs
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in CD Accounts from Valley National Bank
Last Updated: 12/17/2025
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Highlights
APY (Annual Percentage Yield)
Up to 4%(Verified 11/12/2024)
Minimum Opening Deposit
Starting at $500
Certificate Term
12 months
Valley Direct by Valley Bank Online CDs Review
Valley Direct by Valley Bank Online CDs are offered by Valley National Bank, a bank founded in 1927 and based in Morristown, NJ. Valley National Bank CD are available in 50 states and Washington, DC.
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 4%, which is much higher than the national average for a CD account.
- $500 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
- Limited selection of CD terms. Valley National Bank CD only offers one CD term. This limits your options when trying to set up a CD ladder.
Pros & Cons of Valley Direct by Valley Bank Online CDs
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Valley Direct by Valley Bank Online CDs FAQ
Are CD from Valley National federally insured?
Yes, your Valley National Bank CDs are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What types of CDs does Valley National Bank offer?
Valley National Bank CD provides the following types of CDs.- Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.
- Bump-up CDs. Bump-up CDs allow you to increase the interest rate you earn on your savings if the going interest rates rise. These CDs are useful in a changing interest rate environment.
- Jumbo CDs. A jumbo CD requires a higher minimum balance than that required by traditional CDs. In exchange, jumbo CDs pay higher interest rates.
What rates does Valley National Bank offer on its CDs?
What terms does Valley National Bank CD offer?
Valley National Bank offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term | 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 4.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | Up to 4% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with Valley National Bank?
Valley National Bank CD require a minimum deposit of $500 to open an account.
What is the grace period for Valley National Bank CD?
Valley National Bank CD does not specify what their grace period is. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the grace period. Note that the new CD rates probably won’t be the same as the original.
What types of fees, such as early withdrawal penalties, does Valley National Bank charge?
Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the term ends.
Valley National Bank charges an early withdrawal fee.
Valley National Bank does charge any of the fees we track.
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