Valley National Bank
For information concerning Valley Direct, a division of Valley National Bank online bank, please click here.
Valley National Bank is an FDIC insured institution headquartered at
615 Main Ave, Passaic, NJ 07055.
It was founded in
0000 and has approximately $57 billion in
assets. Customers can open an account at one of its 277 branches.
Deposit Rates - June 7, 2023
| SAVINGS RATES | APY | MIN | |
|---|---|---|---|
|
Savings
|
0.02% | $2,500 | Compare |
| CD RATES | APY | MIN | |
|---|---|---|---|
|
6 Mo CD
|
0.25% | $10,000 | Compare |
|
6 Mo CD
|
0.25% | $100,000 | Compare |
|
12 Mo CD
|
0.25% | $200 | Compare |
|
12 Mo CD
|
0.25% | $10,000 | Compare |
|
12 Mo CD
|
0.25% | $100,000 | Compare |
|
18 Mo CD
|
0.35% | $10,000 | Compare |
|
18 Mo CD
|
0.35% | $100,000 | Compare |
|
24 Mo CD
|
0.35% | $10,000 | Compare |
|
24 Mo CD
|
0.35% | $100,000 | Compare |
|
30 Mo CD
|
0.40% | $10,000 | Compare |
|
30 Mo CD
|
0.40% | $100,000 | Compare |
|
36 Mo CD
|
0.45% | $10,000 | Compare |
|
36 Mo CD
|
0.45% | $100,000 | Compare |
|
48 Mo CD
|
0.55% | $10,000 | Compare |
|
48 Mo CD
|
0.55% | $100,000 | Compare |
|
60 Mo CD
|
0.00% | $10,000 | Compare |
|
60 Mo CD
|
0.00% | $100,000 | Compare |
| MM RATES | APY | MIN | |
|---|---|---|---|
|
Money Market
|
0.50% | $10,000 | Compare |
|
Money Market
|
0.50% | $25,000 | Compare |
| INT CHECKING RATES | APY | MIN |
|---|---|---|
|
Int Ckg
|
0.02% | $2,500 |
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Overview 2023
General Bank Information
| FDIC Insured | Yes |
| FDIC Certificate | # 9396 |
| Date Established | 0000 |
| Assets | $ 57.45 billion |
| Loans | $ 46.48 billion |
| Deposits | $ 47.78 billion |
| Capital | $ 7.15 billion |
Summary Balance Sheet as of December 31, 2022
| ASSETS | |
| Cash & Balances due from depository institutions | $ 946.11 million |
| Interest-bearing balances | $ 503.37 million |
| Total securities | $ 5.12 billion |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 46.48 billion |
| Loan loss allowance | $ 458.66 million |
| Trading account assets | $ 24.65 million |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 0.29 million |
| Goodwill and other intangibles | $ 2.06 billion |
| All other assets | $ 1,677.52 million |
| Total Assets | $ 50.30 billion |
| LIABILITIES | |
| Total deposits | $ 47.78 billion |
| Interest-bearing deposits | $ 33.17 billion |
| Deposits held in domestic offices | $ 47.78 billion |
| % insured (estimated) | 66.59% |
| Federal funds purchased and repurchase agreements | $ 114.69 million |
| Trading liabilities | $ 10.30 million |
| Other borrowed funds | $ 2.17 billion |
| Subordinated debt | N.A. |
| All other liabilities | $ 956.66 millionn |
| Total Liabilities | $ 50.30 billion |
| Shareholders’ Equity | $ 7.15 billion |
Summary Income Statement as of December 31, 2022
| INCOME AND EXPENSES | |
| Total Interest Income | $ 1,976.68 million |
| Total Interest Expense | $ 288.64 million |
| Net interest income | $ 1,688.03 million |
| Provision for loan and lease losses | $ 48.72 million |
| Total non interest income | $ 207.17 million |
| Total non interest expense | $ 1,015.26 million |
| Pre-tax Net Operating Income | $ 317.68 million |
Customer Reviews for Valley National Bank (5)
Rated 2.60 stars out of 5 - based on 5 reviews
Branches
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Your current location is: Ashburn, VA
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Valley National Bank Locations
Savings Comparison
This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.
PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES
Tax Rate: 30%
All calculations are for demonstration purposes only.
- 1LOCAL CDBankNEW JERSEY$50,0006 Month0.25%0.80x (National Avg. - 0.31%)$10,000-SCENARIO
Year Rate
0.25%Annual
InterestAnnual Interest
(After Tax)1 50,000 125 88 2 50,125 125 88 3 50,250 126 88 4 50,376 126 88 5 50,502 126 88 6 50,628 127 89 7 50,755 127 89 8 50,882 127 89 9 51,009 128 89 10 51,136 128 89 11 51,264 128 90 12 51,392 128 90 13 51,521 129 90 14 51,650 129 90 15 51,779 129 91 16 51,908 130 91 17 52,038 130 91 18 52,168 130 91 19 52,298 131 92 20 52,429 131 92 TOTAL $2,560 $1,792 - 2LOCAL CDOnline Bank-$50,00060 Month4.00%4.67x (National Avg. - 0.86%)$2,500-SCENARIO
Year Rate
4.00%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,000 1,400 2 52,000 2,080 1,456 3 54,080 2,163 1,514 4 56,243 2,250 1,575 5 58,493 2,340 1,638 6 60,833 2,433 1,703 7 63,266 2,531 1,771 8 65,797 2,632 1,842 9 68,428 2,737 1,916 10 71,166 2,847 1,993 11 74,012 2,960 2,072 12 76,973 3,079 2,155 13 80,052 3,202 2,241 14 83,254 3,330 2,331 15 86,584 3,463 2,424 16 90,047 3,602 2,521 17 93,649 3,746 2,622 18 97,395 3,896 2,727 19 101,291 4,052 2,836 20 105,342 4,214 2,950 TOTAL $59,556 $41,689 - 3LOCAL CDOnline Bank-$50,00024 Month4.30%7.26x (National Avg. - 0.59%)$2,500-SCENARIO
Year Rate
4.30%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,150 1,505 2 52,150 2,242 1,570 3 54,392 2,339 1,637 4 56,731 2,439 1,708 5 59,171 2,544 1,781 6 61,715 2,654 1,858 7 64,369 2,768 1,938 8 67,137 2,887 2,021 9 70,024 3,011 2,108 10 73,035 3,140 2,198 11 76,175 3,276 2,293 12 79,451 3,416 2,391 13 82,867 3,563 2,494 14 86,430 3,717 2,602 15 90,147 3,876 2,713 16 94,023 4,043 2,830 17 98,066 4,217 2,952 18 102,283 4,398 3,079 19 106,681 4,587 3,211 20 111,268 4,785 3,349 TOTAL $66,053 $46,237 - 4LOCAL CDOnline Bank-$50,00012 Month4.75%10.02x (National Avg. - 0.47%)$2,500-SCENARIO
Year Rate
4.75%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,375 1,663 2 52,375 2,488 1,741 3 54,863 2,606 1,824 4 57,469 2,730 1,911 5 60,199 2,859 2,002 6 63,058 2,995 2,097 7 66,053 3,138 2,196 8 69,191 3,287 2,301 9 72,477 3,443 2,410 10 75,920 3,606 2,524 11 79,526 3,777 2,644 12 83,304 3,957 2,770 13 87,261 4,145 2,901 14 91,406 4,342 3,039 15 95,747 4,548 3,184 16 100,295 4,764 3,335 17 105,059 4,990 3,493 18 110,050 5,227 3,659 19 115,277 5,476 3,833 20 120,753 5,736 4,015 TOTAL $76,488 $53,542 - 5LOCAL CDBank-$50,00018 Month4.75%9.19x (National Avg. - 0.52%)$2,500-SCENARIO
Year Rate
4.75%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,375 1,663 2 52,375 2,488 1,741 3 54,863 2,606 1,824 4 57,469 2,730 1,911 5 60,199 2,859 2,002 6 63,058 2,995 2,097 7 66,053 3,138 2,196 8 69,191 3,287 2,301 9 72,477 3,443 2,410 10 75,920 3,606 2,524 11 79,526 3,777 2,644 12 83,304 3,957 2,770 13 87,261 4,145 2,901 14 91,406 4,342 3,039 15 95,747 4,548 3,184 16 100,295 4,764 3,335 17 105,059 4,990 3,493 18 110,050 5,227 3,659 19 115,277 5,476 3,833 20 120,753 5,736 4,015 TOTAL $76,488 $53,542 - 6LOCAL CDBank-$50,00012 Month5.20%10.97x (National Avg. - 0.47%)$1,000-SCENARIO
Year Rate
5.20%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,600 1,820 2 52,600 2,735 1,915 3 55,335 2,877 2,014 4 58,213 3,027 2,119 5 61,240 3,184 2,229 6 64,424 3,350 2,345 7 67,774 3,524 2,467 8 71,298 3,708 2,595 9 75,006 3,900 2,730 10 78,906 4,103 2,872 11 83,009 4,316 3,022 12 87,326 4,541 3,179 13 91,867 4,777 3,344 14 96,644 5,025 3,518 15 101,669 5,287 3,701 16 106,956 5,562 3,893 17 112,518 5,851 4,096 18 118,369 6,155 4,309 19 124,524 6,475 4,533 20 130,999 6,812 4,768 TOTAL $87,811 $61,468
joe smith
February 7, 2023 |
I was a customer for years but they would not give me the 3.68% money market unless I was a new customer.... so I am no longer a customer
5Bme
December 12, 2022 |
One of the better banks on this list. It is a local bank (in NJ and PA).
That doesn't always gets you more personalized service on the online side, but in this case it does. I called once or twice and felt like I was dealing with someone responsive to my issue. I also appreciated the call just to make sure it was me when I made a withdrawal.
Yotoman
September 17, 2022 |
online transfer limits are a real problem so i closed account and won't go back.
Trace
May 3, 2022 |
Valley is a real two-bit operations. I opened an account here and I'll manage as long as the rate stays competitive because it is easier than trying to close it right now. You cannot easily transfer money in or out from an external bank. It all needs to be done with the external account.
turlow1978
October 16, 2021 |
I live in PA and have some familiarity with Valley National Bank. I am not sure that I would have opened the account otherwise, but I have had no problems.