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Last Updated: 02/26/2026

Valley Bank High-Yield Savings Account

in Savings Accounts from Valley National Bank

Last Updated: 02/26/2026

Valley Bank High-Yield Savings Account logo
Strongly recommended5 total votes
4 users recommend
1 users are unsure
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Highlights

Community Rating

Strongly recommended

APY (Annual Percentage Yield)

3.79%(Verified 02/26/2026)
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Minimum Opening Deposit

$1
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Minimum Balance to Earn APY

$0.01
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Number of Reviews

5

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Valley Bank High-Yield Savings Account Review

Valley Bank High-Yield Savings Account is offered by Valley National Bank, a bank founded in 1927 and based in Morristown, NJ. Valley Bank High-Yield Savings Account are available in 50 states and Washington, DC.

Key Takeaways

  • Maximum APY is for new customers only but offers competitive rates for existing customers.
  • Earn up to $2,000 in cash bonuses. Start your savings journey this December with promo code GIFT — available for new customers only. Open your first account, fund within 14 days, and earn cash rewards all year long. The more you save, the more you earn.
  • High yield savings. This account offers an annual percentage yield of up to 3.79%*, which is much higher than the average interest rate for a savings account.
  • No monthly maintenance fees. This account does not charge any monthly account fees.
  • Small minimum initial deposit. You only need $1 to open an account.

Valley Bank High-Yield Savings Account Pros & Cons

Valley Bank High-Yield Savings Account FAQ

Are savings accounts from Valley National federally insured?

FDIC insured up to $250,000 per depositor, per account ownership category.

Does Valley National Bank offer a signup bonus?

Valley Bank High-Yield Savings Account has a bonus of $2,000 .

What is the minimum initial deposit for Valley Bank High-Yield Savings Account?

The minimum deposit to open a Valley Bank High-Yield Savings Account is $1.

What APY* does Valley Bank High-Yield Savings Account offer?

Valley Bank High-Yield Savings Account offers an APY of 3.79% (APY stands for annual percentage yield, rates may change). This is much higher than the average savings account rate.
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.
Maximum APY is for new customers only

What fees does Valley Bank High-Yield Savings Account charge?

Valley Bank High-Yield Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

    What features and perks does Valley Bank High-Yield Savings Account offer?

    This savings account includes the following features:
    • Bonus offer - Open an account and you may receive a signup bonus of up to $2000 . See offer page for more details.
    • Mobile Banking Services - Valley Bank High-Yield Savings Account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
    • Nationwide ATM network - Conveniently transact at a nearby ATM.

    Can you set up a direct deposit to Valley Bank High-Yield Savings Account?

    Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

    What is the customer support email for Valley Bank High-Yield Savings Account?

    The customer support email for Valley Bank High-Yield Savings Account is hello@valleydirect.com.

    How do people rate the customer service and user experience of Valley Bank High-Yield Savings Account?

    Overall, Valley Bank High-Yield Savings Account is strongly recommended based on community reviews that rate customer service and user experience.

    Valley Bank High-Yield Savings Account Disclosure: ¹New customers only. Earn a cash bonus when you deposit and maintain funds with partner banks on the Raisin platform. Customers will receive $75 for depositing between $10,000 and $24,499, $250 for depositing between $25,000 and $49,999, $500 for depositing between $50,000 and $99,999, and $1,000 for depositing $100,000 or more. To qualify for the bonus, your first deposit must be initiated between August 1, 2025, and November 30, 2025, by 11:59 PM ET, and the promo code EASY must be entered at the time of sign-up. Only funds deposited within 14 days of the initial deposit date and maintained with partner banks on the Raisin platform for 90 days will be eligible for this bonus. Bonus cash will be deposited by Raisin into the customer’s linked external bank account within 30 days of meeting all qualifying terms. This offer is available to new customers only and may not be combined with any other bonus offers. Raisin may modify or end this offer at any time and may withhold or revoke bonuses in cases of fraud, abuse, or violation of these terms or Raisin’s Terms of Service.

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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.

    Contact

    Headquarters

    70 Speedwell Ave
    Morristown, NJ 07960
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