Valley Direct: Savings Account & Rates

By Aviel Fahl

Updated: 2/21/2026

Mission: Banksparency aims to make Valley Direct's savings account transparent and comparable to the market.

Interest rates reported as APY

Analysis of Valley Direct

Our verdict

Valley Direct offers a high-yield savings account paying 4.00% APY with a $1,000 minimum deposit.

At 4.00% APY, Valley Direct pays 10x the national average (0.39%). Ranks in the top tier of 99+ accounts tracked.

Ideal User Profile

Best for: quick transfers with Zelle, having a branch nearby when you need one, and managing money from your phone.

Important Considerations

The 4.00% rate is promotional for 12 months, then drops to 3.40%. Factor in the post-promo rate when comparing long-term returns.

Key Differentiators

Stands out with top-rated iOS app (4.8), highly-rated Android app (4.6), A+ BBB rating, in-person banking available, Zelle for instant transfers.

Savings Overview

High-Yield Savings Account

4.00% APY

Tiered Range: 3.40% - 4.00%

Rate Adjusted

-0.10%

Since 90 days ago

Min: $1,000 Branch Access

Min. Deposit	$1,000
Min. Balance	$0.01
Maintenance Fee	$0

Rank #25 of 99 tracked.

Promo rate for new customers. 3.40% APY applies to existing customers.

Market Reality Check

This bank offers rates below the current top tier. The best rates we track are currently above 4.15% APY.

See Top Rates

National Avg: 0.39% (FDIC, 1/1/2026).
Banksparency tracks live rates daily.

Bank Overview

HQ LocationMorristown, New Jersey
Founded2020
AffiliationValley National Bank
Ratings & Trust
4.8iOS 4.6Android A+BBB Not BBB Accredited
Zelle® SupportAvailable
Allows Zelle directly on HYSA.
Deposit InsuranceFDIC Insured(Cert: 9396)

Visit Official Website

Featured Offers

Axos ONE - High Yield Savings & Checking

Over 95,000 fee-free ATMs
Get paid up to 2 days early with Direct Deposit
One convenient app for spending & saving

FDIC Insured

Savings4.21%APY

Checking0.51%APY

Go to Axos Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$0
Min. Balance in Savings Account	$0
How to qualify for APY	OPTION ADirect Deposit $1,500+ AND Maintain $1,500+ avg daily checking balance. OR OPTION BDeposit $5,000+ total/mo AND Maintain $5,000+ avg daily checking balance.
Mobile Ratings	iOS:4.7 Android:4.6

The 4.21% APY is available with the Axos ONE savings and checking bundle. The checking account earns 0.51% APY. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000.

PREMIUM ACCOUNT, GENEROUS BONUS

SponsoredVerified Feb 21, 2026

FDIC Insured

CIT Bank - Platinum Savings

Competitive APY - with a balance of $5,000+
Earn up to $300 bonus with qualifying deposit
Highly rated mobile apps

FDIC Insured

Savings3.75%APY

Up to$300Bonus

Go to CIT Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$5,000
Mobile Ratings	iOS:4.8 Android:4.7

This is a tiered savings account, where the 3.75% APY requires meeting the $5,000 balance requirement. Lower balances earn an APY of 0.25%.

EASY TRANSFERS, LOW MINIMUMS

SponsoredVerified Feb 21, 2026

FDIC Insured

Quontic High Yield Savings

Apply in 3 minutes or less
No monthly service fees
Transfer with Zelle, Apple Pay, G-Pay, and more

FDIC Insured

Savings3.50%APY

Go to Quontic Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$0
Mobile Ratings	iOS:4.8 Android:4.8

Top Market Contenders

Marcus by Goldman Sachs

3.65% APY

vs. Valley Direct

CIT Bank

3.75% APY

vs. Valley Direct

Discover Bank

3.30% APY

vs. Valley Direct

Popular Peer Comparisons

Ally Bank vs Axos Bank Bank of America vs Capital One American Express vs Discover Bank Chase Bank vs Santander Bank Chase Bank vs Chime SoFi Bank vs Synchrony Bank

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: 2/21/2026
APY Trend	Rate Adjusted -0.10% Since 90 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 will earn a somewhat lower rate.
Important	Promo rate for new customers. 3.40% APY applies to existing customers.
Next Steps	-

Calculate Savings for Valley Direct

All calculations are based on APY.

Selected Product

High-Yield Savings Account3.40% - 4.00% APY

Initial Deposit

Recurring Deposit

Frequency

Duration

Promo Rate: 4.00% for 12 months, then 3.40%.

Savings Breakdown

Interest Earned
+$1,338.00(8.7%)
Total Contributions
$13,000
Initial Deposit
$1,000

Projected Balance

$15,338.00

Effective APY

3.44%

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)	-2.4
Rate Changes / Mo	0.66
Days Since Last Change	71
High (-12m)	4.40%
Low (-12m)	3.75%
Draw-down	-9.1%
Volatility (CV)	0.036

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: 2/21/2026	-
APY Trend	Rate Adjusted -0.10% Since 90 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 will earn 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

Bank Pair	Competitor APY	Min Deposit
Valley Direct vs Ally Bank	3.20%	$0
Valley Direct vs American Express	3.30%	$0
Valley Direct vs Axos Bank	4.21%	$0
Valley Direct vs Bank of America	0.01%	$100
Valley Direct vs Barclays	3.85%	$0
Valley Direct vs Capital One	3.30%	$0
Valley Direct vs Chase Bank	0.01%	$0
Valley Direct vs Chime	3.00%	$0
Valley Direct vs CIT Bank	3.75%	$100
Valley Direct vs Citibank	3.20%	$0
Valley Direct vs Discover Bank	3.30%	$0
Valley Direct vs EverBank	3.90%	$0
Valley Direct vs Marcus by Goldman Sachs	3.65%	$0
Valley Direct vs Newtek Bank	4.20%	$0.01
Valley Direct vs Openbank	4.09%	$500
Valley Direct vs Pibank	4.60%	$0
Valley Direct vs SoFi Bank	4.00%	$0
Valley Direct vs Synchrony Bank	3.50%	$0
Valley Direct vs Varo Bank	5.00%	$0
Valley Direct vs Wealthfront	3.95%	$0
Valley Direct vs Wells Fargo	0.05%	$25