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If maximizing your earnings is a priority, Valley Bank CD are worth your attention. Valley Bank CD offer some of the highest APY in the industry and you can open a CD with as little as $500.
In this review, we explore Valley Bank CD, how they compare to the competition, and if they are right for you.
APY = Annual Percentage Yield
Valley Bank has only a few CD terms available, but the offered APYs are certainly reasonable. If you're hoping to build a small CD ladder, you can even open your accounts with as little as $500 apiece.
6 Mo. APY | 1 Yr. APY | 2 Yr. APY |
---|---|---|
4.75% | 4.50% | 4.00% |
Valley Bank CD offers some of the best CD rates available. Take a look at our comparison below to find the perfect CD account for you.
Bank & CD Offer | APY | Term | Min. Deposit | Next Steps |
---|---|---|---|---|
Member FDIC.
| APY: 5.10% | Term: 10 Months | Min. Deposit: $0 | |
Member FDIC.
| APY: 4.70% | Term: 1 Year | Min. Deposit: $2,500 | |
APY: 5.05% | Term: 1 Year | Min. Deposit: $1 | ||
APY: 5.15% | Term: 9 Months | Min. Deposit: $1 | ||
Member FDIC.
| APY: 4.75% | Term: 1 Year | Min. Deposit: $500 |
Valley Bank CDs may be right for you if you are looking for a safe investment with a competitive annual percentage yield (APY). The information below will help you determine if this is the perfect choice for you.
PROS
CONS
PROS
CONS
You can open a 12-month CD, 6-month CD, and 19-month fixed CD online with Valley Bank. To open a longer-term CD or a CD worth more than $500,000, you will need to visit a branch. Branches are only in four states: Alabama, Florida, New Jersey, and New York, so depending on where you live, this may not be convenient.
Valley Bank also offers a unique 36-month Variable Rate CD. The Variable Rate CD floats 0.1% above the federal funds rate upper limit throughout your 36-month term. All CDs are FDIC insured, meaning funds up to $250,000 are protected in case of bank failure.
A Valley Bank CD is right for people with at least $500 to deposit into a CD account to earn high yield interest. It's also a good option for people who prefer to either bank online or live near a branch in Alabama, Florida, New Jersey, or New York.
APY = Annual Percentage Yield
At The Motley Fool Ascent, certificates of deposit (CDs) are rated on a scale of one to five stars, primarily focusing on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.
Learn more about how The Motley Fool Ascent rates bank accounts.
Valley Bank offers some of the highest APYs in the industry. The bank also offers a 36-month Variable Rate CD, where the interest rate follows the federal funds rate upper limit.
Valley Bank has been in business since 1927 and offers CDs with some of the highest APYs. It is also FDIC insured and has branches in Alabama, Florida, New Jersey, and New York. For the right customer, yes, a Valley Bank CD is worth it.
Our Banking Experts
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