Updated
By:David Chang, ChFC®, CLU®
Our Banking Expert
Fact CheckedNathan Alderman
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.
Valley Bank CD CD rates for 2024
Valley Bank CD
- 6 APY: 4.75%
- 12 APY: 4.50%
- 24 APY: 4.00%
Show All Rates [+]Hide All Rates [-]
Rates as of April 12, 2024
APY = Annual Percentage Yield
Term
Valley Bank CD
6 Mo.
1 Yr.
2 Yr.
4.75%
4.50%
4.00%
Compare Valley Bank CD CD rates
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.
Rates as of April 12, 2024
| Bank & CD Offer | APY | Term | Min. Deposit | Next Steps |
|---|---|---|---|---|
Capital One 360 CD Member FDIC. | APY:5.10% | Term:10 Months | Min. Deposit:$0 | Open Account for |
Discover® Bank CD Member FDIC. | APY:4.70% | Term:1 Year | Min. Deposit:$2,500 | Open Account for Discover® Bank CD |
Western Alliance Bank CD | APY:5.05% | Term:1 Year | Min. Deposit:$1 | Open Account for |
Western Alliance Bank CD | APY:5.15% | Term:9 Months | Min. Deposit:$1 | Open Account for |
Nationwide CD Member FDIC. | APY:4.75% | Term:1 Year | Min. Deposit:$500 | Open Account for Nationwide CD |
Valley Bank CD review
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.
Valley Bank Fixed Rate CDs
PROS
- Competitive rates
- Low minimum deposit
CONS
- Limited CD terms
- Need to visit a branch to open certain CDs
Valley Bank Variable Rate CD
PROS
- Competitive rates
- Low minimum deposit
CONS
- Only one CD term length
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.
Rates as of April 12, 2024
APY = Annual Percentage Yield
Valley Bank CD
Bottom Line
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.
MINIMUM DEPOSIT $500
| 6 Mo. APY | 1 Yr. APY | 2 Yr. APY |
|---|---|---|
| 4.75% | 4.50% | 4.00% |
Who is a Valley Bank CD right for?
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.
Our CDs methodology
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.
See our full Ratings Methodology here.
FAQs
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
By:David Chang, ChFC®, CLU®
Writer, Consultant
David S. Chang, ChFC®, CLU® is an award-winning entrepreneur, keynote speaker, author, and consultant. He has over two decades of experience in the wealth management space and has been featured in dozens of news, radio, and podcast programs nationwide. He currently works as Head of IoT for the West Region of a Fortune 200 company. He is a graduate of the United States Military Academy at West Point and currently a Lieutenant Colonel in the California Army National Guard. He is an East-West Graduate Degree Fellow and has an MBA from the UCLA Anderson School of Management.
Fact CheckedNathan Alderman
Fact checker
Nathan Alderman has worked with The Motley Fool since 2005, making errors his arch-enemies in a variety of roles including a six-year stint as the dedicated fact-checker for The Motley Fool's premium newsletter services. As The Ascent's Compliance Lead, he makes sure that all the site's information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. A graduate of Northwestern University's Medill School of Journalism, Nathan spends his spare time volunteering for civic causes, writing and podcasting for fun, adoring his wife, and wrangling his two very large young children.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company. The Motley Fool has positions in and recommends Goldman Sachs Group. The Motley Fool recommends Discover Financial Services. The Motley Fool has a disclosure policy.
