Valley Direct: Savings Account & Rates
Mission: Banksparency aims to make Valley Direct's savings account transparent and comparable to the market.
Savings Overview
High-Yield Savings Account
| Min. Deposit | $1,000 |
| Min. Balance | $0.01 |
| Maintenance Fee | $0 |
Market Reality Check
This bank offers rates below the current top tier. The best rates we track are currently above 4.21% APY.
Bank Overview
- HQ LocationMorristown, New Jersey
- Founded2020
- AffiliationValley National Bank
- Ratings & Trust
- Zelle® SupportAvailableAllows Zelle directly on HYSA.
- Deposit InsuranceFDIC Insured(Cert: 9396)
Our Take on Valley Direct
The Good
- High introductory APY of 4.00%
- No monthly maintenance fees
- Highly rated mobile apps (iOS: 4.8, Android: 4.6)
- Access to physical branches
Considerations
- Rate is introductory; drops to 3.40% after the promo period of 12 months.
Valley Direct offers a High-Yield Savings Account with an attractive introductory APY of 4.00% for new customers. However, it's important to note that this rate is promotional and will drop to 3.40% after 12 months for existing customers. The account does not require direct deposit and does not have monthly maintenance fees. Additionally, it features highly rated mobile apps (iOS: 4.8, Android: 4.6) and access to physical branches. This account is tiered, meaning the APY may vary based on the customer's status.
Top Market Contenders
Savings Account: In-Depth View
Savings Account Offered by Valley Direct
| Feature | High-Yield Savings Account |
|---|---|
APY | 4.00%Range: 3.40% - 4.00%Verified: 1/7/2026 |
APY Trend | Rate Adjusted -0.10% Since 30 days ago |
Min. Deposit | $1,000 |
Min. Balance | $0.01 |
Monthly Fee | $0 |
Direct Deposit | None |
Checking Bundle | No |
Branch Access | Yes |
Compounding | Daily |
FDIC Insured | Yes |
Eligibility | The advertised rate is restricted to new customers. Existing Valley Bank or Valley Direct customers may this savings account with a somewhat lower rate. |
Important | Promo rate for new customers. 3.40% APY applies to existing customers. |
| Next Steps | - |
Calculate Savings for Valley Direct
Savings Breakdown
- Interest Earned+$1,338.00(8.7%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,338.00
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
Last 12 Months| Metric | High-Yield Savings Account |
|---|---|
Latest APY | 4.00% |
Trend | Sideways |
Slope (bps/mo) | 0.6 |
Rate Changes / Mo | 0.66 |
Days Since Last Change | 26 |
High (-12m) | 4.40% |
Low (-12m) | 3.75% |
Draw-down | -9.1% |
Volatility (CV) | 0.046 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 365-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with Valley Direct
| Feature | Current View Valley Direct | Empty Slot |
|---|---|---|
| Product | High-Yield Savings Account | - |
APY | 3.40% - 4.00%Verified: 1/7/2026 | - |
APY Trend | Rate Adjusted -0.10% Since 30 days ago | - |
| Min. Deposit | $1,000 | - |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| Branch Access | Yes | - |
| Eligibility | The advertised rate is restricted to new customers. Existing Valley Bank or Valley Direct customers may this savings account with a somewhat lower rate. | - |
Compounding | Daily | - |
FDIC Insured | Yes | - |
| Note | Promo rate for new customers. 3.40% APY applies to existing customers. | - |
| Next Steps | - | - |
Bank-to-Bank Comparisons
Compare Valley Direct's APY of 4.00% with other banks
Alternatives to Valley Direct
Banks with Higher/Similar Savings APY
For a top list of the highest savings rates, see all HYSA top rates
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