Valley Direct: Savings Accounts & Rates

Savings rates updated: 10/3/2025

Mission statement: Banksparency aims to make Valley Direct's savings accounts transparent and comparable to those of other banks. Learn more about Banksparency.

Note: Interest rates below are reported as APY, or Annual Percentage Yield

We earn a commission if you open an account through some links on this page.

Savings Overview

High-Yield Savings Account: 4.10% APY(Rank 32 out of 83 tracked HYSAs)

Minimum Deposit: $1000 | Online Only | Eligible States: Limited (see below)

National Savings Interest Rate: 0.4% (as of 9/15/2025)

Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.

(Source: FDIC)

Bank Overview

Location: Morristown, New Jersey

Founded: 2020

Affiliation: Valley National Bank

Access to Branches: After opening online, your accounts can be serviced at one of the Valley branch locations in NJ, NY, FL and AL.

Deposit Insurance: FDIC Cert # 9396

BBB Rating: A+ (Not BBB Accredited.)

App Store Rating: 4.8/5

Google Play Rating: 4.5/5

Website: Visit Valley Direct

Our Take on Valley Direct

Highlights

Current APY of 4.10%, down from 4.30% last month.
No maintenance fees, making it cost-effective.
A+ BBB rating indicates strong trustworthiness.
High App Store rating of 4.8 out of 5.

Considerations

Minimum deposit requirement of $1,000.
Eligibility for promo may be restricted.
No direct deposit option available.
Online-only account limits in-person access.

Summary: Valley Direct offers a High-Yield Savings Account with a current APY of 4.10%, slightly lower than last month's 4.30%. The account has no maintenance fees and an A+ BBB rating, reflecting its reliability. However, it requires a minimum deposit of $1,000 and is only available online, which may limit accessibility for some users. The bank has a strong App Store rating of 4.8, enhancing its appeal.

Savings Account: In-Depth View

Savings Account Offered by Valley Direct

Feature	High-Yield Savings Account
APY	4.10% (as of 10/3/2025)
APY Trend	-0.20% MoM
Minimum Deposit	$1000
Minimum Balance for APY	$0.01
FDIC-insured	Yes
Online Only	Yes
Bundled Account	No
Direct Deposit Required	No
Compound Frequency	Daily
Maintenance Fee	$0
Eligibility	Only for new customers. Existing Valley Bank or Valley Direct customers may open a savings account with a somewhat lower rate.
Note	Promo. Eligibility restricted.
Sponsored Link
No deposit agreement summary available for this bank.

Calculate Savings for Valley Direct

All calculations are based on APY.

Savings Product:

High-Yield Savings Account (APY: 4.10%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,609.3 (10.31%)
Total contributions: $13,000 (83.28%)
Initial deposit: $1,000 (6.41%)

Your total balance

$15,609.30

Effective APY: 4.10% (based on your deposit and contributions)

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Valley Direct Savings Rates Over Time

Historical APY Insights

Metric	High-Yield Savings Account
Latest APY	4.10 %
Trend	Rising
Slope (bps/mo)	5.2
Rate Changes / Mo	0.83
Days Since Last Change	7
High (-10 m)	4.55 %
Low (-10 m)	3.75 %
Draw-down from High	-9.9 %
Volatility (CV)	0.055

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 10 months (regression slope).
Slope (bps/mo): Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo: Typical number of APY moves per month.
Days Since Last Change: Recency of the latest APY adjustment.
High (-10 m): Highest APY in the last 290 days.
Low (-10 m): Lowest APY in the last 290 days.
Draw-down from High: How far today sits below the 10-month peak.
Volatility (CV): Coefficient of variation = stdev ÷ mean.

Why Track Savings-Account APYs?

See how quickly a bank reacts to Fed moves or competition.
Gauge “twitchiness” - frequent moves can annoy savers.
Spot if you're buying near a peak (draw-down) or riding a rise.
Slope (bps/mo) shows speed of change.
Volatility (CV) scales jumps by average level.

Compare Valley Direct's Savings Account

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Bread Savings - 4.25% APY
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Capital One - 3.40% APY
Carver Bank - 4.00% APY
Charles Schwab Bank - 0.15% APY
Chase Bank - 0.01% APY
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CIBC Bank USA - 3.92% APY
CIT Bank - 0.25-3.85% APY
Citibank - 3.40% APY
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Fitness Bank - 4.75% APY
Flagstar Bank - 4.00% APY
FNBO Direct - 3.00% APY
Forbright Bank - 4.25% APY
FVCbank - 4.10% APY
GO2bank - 4.50% APY
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LendingClub - 3.20-4.20% APY
Live Oak Bank - 4.00% APY
Marcus by Goldman Sachs - 3.65% APY
MutualOne Bank - 4.07% APY
My Banking Direct - 4.30% APY
MySavingsDirect - 3.75% APY
Neighbors Bank - 4.60% APY
Newtek Bank - 4.35% APY
OMB Bank - 1.00% APY
Openbank - 4.20% APY
Peak Bank - 4.20% APY
Pibank - 4.60% APY
PNC - 3.85% APY
Poppy Bank - 4.25% APY
Popular Direct - 4.10% APY
Presidential Bank - 4.00-4.50% APY
Prime Alliance Bank - 3.90% APY
Primis Bank - 3.85% APY
Quontic Bank - 3.75% APY
RBMAX - 3.90% APY
Rising Bank - 4.10% APY
ROGER - 3.87% APY
Salem Five Direct - 4.01% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.01% APY
SmartyPig - 3.90% APY
SoFi Bank - 4.50% APY
Synchrony Bank - 3.80% APY
TAB Bank - 3.80% APY
TD Bank - 0.05-2.75% APY
The State Exchange Bank - 4.11% APY
TIMBR - 4.40% APY
UFB Direct - 3.76-3.96% APY
Upgrade - 3.42% APY
Varo Bank - 2.50-5.00% APY
Wells Fargo - 0.05-2.51% APY
Western Alliance Bank - 4.10% APY
Zynlo Bank - 4.35% APY

Feature	Valley Direct	Select a bank...
Product	High-Yield Savings Account	N/A
APY	4.10% (as of 10/3/2025)	N/A
Bundled Account	No	N/A
FDIC-insured	Yes	N/A
Online Only	Yes	N/A
Compound Frequency	Daily	N/A
Minimum Deposit	$1000	N/A
Minimum Balance for APY	$0.01	N/A
Maintenance Fee	$0	N/A
Direct Deposit Required	No	N/A
Eligibility	Only for new customers. Existing Valley Bank or Valley Direct customers may open a savings account with a somewhat lower rate.	United States
Note	Promo. Eligibility restricted.	N/A