Your current location is: New York City, NY
| SAVINGS RATES | APY | MIN | |
|---|---|---|---|
|
Savings
|
4.00% | $5,000 | Compare |
| CD RATES | APY | MIN | |
|---|---|---|---|
|
3 Mo CD
|
4.00% | $500 | Compare |
|
6 Mo CD
|
3.50% | $500 | Compare |
|
12 Mo CD
|
3.40% | $500 | Compare |
|
18 Mo CD
|
4.15% | $500 | Compare |
|
24 Mo CD
|
4.25% | $1,000 | Compare |
|
36 Mo CD
|
5.60% | $500 | Compare |
Money that you deposit is held by Valley National Bank. Valley National Bank is an FDIC insured institution founded in 1927. It has approximately $62.96 billion in assets.
| FDIC Insured | Yes |
| Insured Parent Bank | Valley National Bank |
| FDIC Certificate | # 9396 |
| Date Established | 1927 |
| Assets | $62.96 billion |
| Loans | $48.71 billion |
| Deposits | $51.32 billion |
| Capital | $8.07 billion |
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."
Tax Rate: 30%
All calculations are for demonstration purposes only."
| Year | Rate 4.00% |
Annual Interest |
Annual 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 |
| Year | Rate 3.75% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,875 | 1,313 |
| 2 | 51,875 | 1,945 | 1,362 |
| 3 | 53,820 | 2,018 | 1,413 |
| 4 | 55,839 | 2,094 | 1,466 |
| 5 | 57,933 | 2,172 | 1,521 |
| 6 | 60,105 | 2,254 | 1,578 |
| 7 | 62,359 | 2,338 | 1,637 |
| 8 | 64,697 | 2,426 | 1,698 |
| 9 | 67,124 | 2,517 | 1,762 |
| 10 | 69,641 | 2,612 | 1,828 |
| 11 | 72,252 | 2,709 | 1,897 |
| 12 | 74,962 | 2,811 | 1,968 |
| 13 | 77,773 | 2,916 | 2,042 |
| 14 | 80,689 | 3,026 | 2,118 |
| 15 | 83,715 | 3,139 | 2,198 |
| 16 | 86,854 | 3,257 | 2,280 |
| 17 | 90,111 | 3,379 | 2,365 |
| 18 | 93,491 | 3,506 | 2,454 |
| 19 | 96,996 | 3,637 | 2,546 |
| 20 | 100,634 | 3,774 | 2,642 |
| TOTAL | $54,408 | $38,085 |
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
Review on the Parent Bank5Bme
December 12, 2022 |
One of the better banks on this list. It is a local bank (in NJ and PA).
Review on the Parent BankThat 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.
Review on the Parent BankTrace
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.
Review on the Parent Bankturlow1978
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.
Review on the Parent Bank