Valley Direct: Savings Accounts & Rates

Savings rates updated: 8/18/2025

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: 4.30% APY(Rank 19 of the 20 Best Savings Rates)

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

National Savings Interest Rate: 0.38% (as of 7/21/2025)

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: 4.4/5

Website: Visit Valley Direct

Our Take on Valley Direct

Highlights

Current APY of 4.30% with no maintenance fees.
Minimum deposit requirement of only $1,000.
High App Store rating of 4.8 and Google Play rating of 4.4.
A+ BBB rating, indicating strong trustworthiness.

Considerations

Eligibility for the high-yield account is restricted.
Online-only account may not suit all customers.
Not BBB Accredited, which could raise concerns.
Limited branch access in NJ, NY, FL, and AL.

Summary: Valley Direct offers a high-yield savings account with a competitive APY of 4.30% and no maintenance fees. However, eligibility restrictions may limit access for some savers. The bank has a strong reputation with an A+ BBB rating, although it is not accredited. Its online-only nature and limited branch locations may not appeal to everyone. Overall, it provides a solid option for those willing to meet the deposit requirement.

Savings Account: In-Depth View

Savings Account Offered by Valley Direct

Feature	High-Yield Savings Account
APY	4.30% (as of 8/18/2025)
APY Trend	-0.10% QoQ
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: 4.30%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,692.2 (10.78%)
Total contributions: $13,000 (82.84%)
Initial deposit: $1,000 (6.37%)

Your total balance

$15,692.20

Effective APY: 4.30% (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	4.30 %
Trend	Rising
Slope (bps/mo)	7.9
Rate Changes / Mo	0.74
Days Since Last Change	47
High (-8 m)	4.55 %
Low (-8 m)	3.75 %
Draw-down from High	-5.5 %
Volatility (CV)	0.059

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 8 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 (-8 m): Highest APY in the last 244 days.
Low (-8 m): Lowest APY in the last 244 days.
Draw-down from High: How far today sits below the 8-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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Western Alliance Bank - 4.30% APY
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Feature	Valley Direct	Select a bank...
Product	High-Yield Savings Account	N/A
APY	4.30% (as of 8/18/2025)	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