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  Valley National Bank CD

Valley National Bank CD

in CD Accounts from Valley National Bank · Member fdic

Unaffiliated

Valley National Bank CD

Unaffiliated

in CD Accounts from Valley National Bank · Member FDIC

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Highlights
Minimum Opening Deposit Starting at $500
Deposit Term
  • 1 month
  • 3 months
  • 6 months
  • 9 months
  • 12 months
  • 13 months
  • 15 months
  • 16 months
  • 18 months
  • 2 years
  • 30 months
  • 3 years
  • 4 years
  • 5 years
  • 7 years
APY (Annual Percentage Yield) 0.25% - 1.15%

Valley National Bank CD Review

Valley National Bank CD is offered by Valley National Bank, a bank founded in 1927 and based in Denville, NJ. Valley National Bank CD is available in 4 states across the USA.

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 1.15%, which is much higher than the national average for a CD account.
  • $500 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
  • Wide selection of CD terms. Valley National Bank CD allows you to create a CD ladder by spreading your cash across certificates of deposit with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of Valley National Bank CD
Pros Cons
  • FDIC insured.
  • Multiple CD terms available.
  • High-interest yield.
  • No charge on incoming domestic or international wire transfers.
  • Only available in 4 states.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.
Valley National Bank CD FAQ

Are cd accounts from Valley National Bank federally insured?

Yes, your Valley National Bank cd accounts 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 i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD 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 CD rates does Valley National Bank offer on its CDs?

Valley National Bank CD offers an APY starting at 0.25% and ranging up to 1.15%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does Valley National Bank CD offer?

Valley National Bank offers CD terms of the following lengths:
Valley National Bank CD Rates & Terms
Description
2-Year APY 0.35%
3-Month APY 0.25%
3-Year APY 0.45%
4-Year APY 0.55%
5-Year APY 0.65%
6-Month APY 0.25%
12-Month APY 0.25%
APY (Annual Percentage Yield) 0.25% - 1.15%

What is the minimum deposit to open a CD account with Valley National Bank?

Valley National Bank CD requires a minimum deposit of $500 to open an account.

What is the grace period for 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 CD 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 CD term ends.

Valley National Bank does not charge an early withdrawal fee.

Valley National Bank does not seem to charge any of the fees we track.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

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About Valley National Bank CD

Availability

  Available in 4 states
  • Alabama
  • Florida
  • New Jersey
  • New York

Feature Breakdown

Minimum Opening Deposit Starting at $500
2-Year APY 0.35%
3-Month APY 0.25%
3-Year APY 0.45%
4-Year APY 0.55%
5-Year APY 0.65%
6-Month APY 0.25%
12-Month APY 0.25%
APY (Annual Percentage Yield) 0.25% - 1.15%
CD Accounts
  • Bump Up
  • Jumbo
  • Traditional
Deposit Term
  • 1 month
  • 3 months
  • 6 months
  • 9 months
  • 12 months
  • 13 months
  • 15 months
  • 16 months
  • 18 months
  • 2 years
  • 30 months
  • 3 years
  • 4 years
  • 5 years
  • 7 years

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