Although competitive, the interest rates are slightly below the best CD rates available. Term options include six and 12 months through Valley Bank and 12 and 36 months through Valley Direct.
Here’s a quick summary of what’s available online: But only a few of those terms are accessible online, either with the bank directly or through its online-only division, Valley Direct.
Valley Bank offers terms ranging from six to 60 months. If you want to open other CDs from the comfort of your home, however, you’ll need to look elsewhere.Īnnual percentage yields (APYs) and account details are accurate as of December 5, 2023.
And while only two are available online, their minimum opening deposit is relatively low, at $500, and the rates are competitive - offering APYs of 4.75% and 5.00% on fixed six- and 12-month terms. Valley Bank offers a handful of certificates of deposit (CDs), including fixed and variable interest rate options.
