Available nationwide, Valley Direct has a 4.80% APY for their Online Savings account.
Update 12/2/24: New customers enjoy the 4.80% APY rate! One of the top rates in the market currently!
Editor’s Note: For an opportunity to earn more interest on your funds, see our review on Valley Bank’s CD account.
Valley Direct Online Savings Review
Founded in 11927, Valley Direct is a very trusted and reliable bank in the industry. They have about $30 billion in assets and more than 200 locations nationwide. Committed to empowering their clients, they communicate with transparency so you know what you’re getting. Plus, they also provide financial services and products you’ll benefit from.
I’ll review Valley Direct Online Savings below.
Valley Direct Online Savings Rate
To earn Valley Direct’s competitive rate, open an account with a $1.00 minimum deposit. Then you’ll be able to maximize your earnings in no time.
- Learn More
- Eligible account: Online Savings
- Credit inquiry: Soft Pull or Hard Pull?
- Where it’s available: Nationwide
- Opening Deposit: $1 minimum
- Monthly fee: No
- Early Termination Fee: None listed, check with CSR
(FDIC Insured)
How to Earn the Valley Direct Rate
- Open a new account
- Fill out your personal information
- Transfer your funds from another bank account
| Balance Requirement | APY Rate |
| $0.01+ | 4.80% APY |
Valley Direct Account Features
- No additional fees
- ATM Rebates
- Interest is compounded daily
- FDIC Insured
Notes:
- According to CSR, the daily limits on ValleyDirect initiated ACH transfers are $45k inbound and $3.5k daily outbound.
How To Add Money To Account
Below are the six ways you can deposit your money to your Valley Direct account:
- During the initial account opening, you’re able to deposit funds through an existing U.S. bank account (you will need its username and password).
- You can initiate an inbound transfer from another bank using personal online banking on your computer or Valley mobile app.
- Through money transfer from another bank, wire transfer or transfer from a Valley Bank account.
- Receive money via Zelle (be sure that your Valley Direct account is your primary account for Zelle)
- Check deposits through the Valley mobile banking app
- Direct deposit (payroll, pension, government benefits (like Social Security)
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Conclusion
Overall, when you open a new online savings account with Valley Direct, you’ll receive a great APY Rate. There aren’t many requirements you must follow before receiving your bonus. Plus, there are some good account perks that you’ll be able to take advantage of as well. However, if this rate doesn’t seem appealing, check out other bank rates.
In addition to the rate from Valley Direct, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Let us know about your experience with this bank and comment below.
Check back often to see the latest info on Valley Direct Online Savings Account.
