Valley Direct

Last Updated: 7/3/2025

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

Quick Views

High-Yield Savings Account: 4.30% APY(Rank 21 out of 76 tracked HYSAs)

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

National Savings Interest Rate: 0.38% (as of 6/16/2025)

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.

BBB Rating: A+ (Not BBB Accredited.)

App Store Rating: 4.8/5

Google Play Rating: 4.2/5

Website: Visit Valley Direct

Our Take on Valley Direct

Highlights

Current APY of 4.30%, up from 4.20% 30 days ago.
No maintenance fees for the High-Yield Savings Account.
A+ BBB rating indicates strong trustworthiness.
High App Store rating of 4.8.

Considerations

Minimum deposit of $1,000 required to open the account.
Not BBB Accredited despite high rating.
Direct deposit not required, but eligibility is restricted.
Only available online with servicing at select branches.

Summary: Valley Direct offers a competitive High-Yield Savings Account with a current APY of 4.30%, which has recently increased. The account has no maintenance fees but requires a minimum deposit of $1,000. While the bank holds an A+ BBB rating, it is not BBB Accredited. Customers may find the online-only nature and branch servicing in select states limiting. The bank also enjoys high ratings on both the App Store and Google Play.

Savings Account

Savings Account Offered by Valley Direct

Feature	High-Yield Savings Account
APY	4.30% (as of 7/3/2025)
APY Trend	+0.10% WoW
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.
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: $43 (4.12%)
Total contributions: $0 (0.00%)
Initial deposit: $1,000 (95.88%)

Your total balance

$1,043.00

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)	10.7
Rate Changes / Mo	0.91
Days Since Last Change	1
High (-6 m)	4.55 %
Low (-6 m)	3.75 %
Draw-down from High	-5.5 %
Volatility (CV)	0.064

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 6 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 (-6 m): Highest APY in the last 198 days.
Low (-6 m): Lowest APY in the last 198 days.
Draw-down from High: How far today sits below the 6-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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Feature	Valley Direct	Select a bank...
Product	High-Yield Savings Account	N/A
APY	4.30% (as of 7/3/2025)	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