Savings Account Features Guide
| Interest Rate |
| APY |
3.75% |
| Minimum Deposit Amount |
$5,000.00 |
| Maximum Deposit Amount |
N/A |
| Balance Requirements |
| Minimum Opening Deposit |
$5,000.00 |
| Minimum Balance to Avoid Fees |
- |
| Minimum Required Balance |
- |
| Fees |
| Monthly Maintenance Fee |
N/A |
| Foreign ATM Fees |
N/A |
| Insufficient Funds Fee |
N/A
|
| Incoming Wires |
N/A
|
| Account Opening |
| Open Online |
Yes |
| Insured by |
F.D.I.C.
|
| Statements |
| Paper Statements |
× |
| Online Statements |
Yes |
| Online and Telephone Banking |
| Online Banking |
Yes |
| Telephone Banking |
Yes |
| Mobile Banking |
Yes |
| Deposit Checks with Mobile Device |
Yes |
| Free Bill Pay |
Yes |
| Online Bill Payments Required |
Yes |
Account Description
• No maintenance fees
• $5,000 minimum deposit
• Interest is compounded daily and credited monthly
• Rebates on 2 transactions each month at any ATM in the U.S. Always free at Valley ATMs.
• Transfers from the Valley Direct account to another account or to third parties by preauthorized automatic, or telephone transfer are limited to six per monthly statement cycle.
• FDIC insured
Rate History
|
Date
|
APY
|
|
December 19, 2024
|
3.75%
|
|
December 19, 2024
|
4.75%
|
|
December 07, 2024
|
4.80%
|
|
November 17, 2024
|
4.00%
|
|
April 19, 2024
|
4.75%
|
|
February 23, 2024
|
4.80%
|
|
January 19, 2024
|
5.05%
|
|
August 20, 2023
|
5.00%
|
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