Valley Direct

Last Updated: 6/20/2025

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

Quick Views

High-Yield Savings Account: 4.20% APY(Rank 34 out of 74 tracked HYSAs)

Minimum Deposit: $1 | Online Only | Eligible States: Limited (see below)

National Savings Interest Rate: 0.42% (as of 5/19/2025)

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 is 4.20%, though down from 4.40% last month.
  • No maintenance fees on the High-Yield Savings Account.
  • A+ BBB rating indicates strong trustworthiness.
  • High App Store rating of 4.8.

Considerations

  • Not BBB Accredited despite A+ rating.
  • Requires online account opening; no branch access for initial setup.
  • Promo eligibility restrictions may limit access.
  • Only one savings account option available.
Summary: Valley Direct offers a High-Yield Savings Account with a competitive APY of 4.20%, although it has decreased from 4.40% in the last month. The account has no maintenance fees and boasts an A+ BBB rating, but it is not BBB Accredited. Online-only account opening may deter some users, and eligibility restrictions can limit access. With a strong App Store rating of 4.8, it is a reputable option for savers.

Savings Account

Savings Account Offered by Valley Direct

FeatureHigh-Yield Savings Account
APY
4.20% (as of 6/20/2025)
APY Trend-0.20% MoM
Minimum Deposit$1
Minimum Balance for APY$0.01
FDIC-insured
Yes
Online OnlyYes
Bundled Account
No
Direct Deposit Required
No
Compound Frequency
Daily
Maintenance Fee$0
EligibilityOnly for new customers. Existing Valley Bank or Valley Direct customers may open a savings account with a somewhat lower rate.
NotePromo. Eligibility restricted.

No deposit agreement summary available for this bank.

Calculate Savings for Valley Direct

All calculations are based on APY.

High-Yield Savings Account (APY: 4.20%)

Deposit Frequency:

Total savings breakdown:

  • Interest earned: $4 (3.85%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $100 (96.15%)

Your total balance

$104.00

Effective APY: 4.20% (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

MetricHigh-Yield Savings Account
Latest APY4.20 %
TrendRising
Slope (bps/mo)12.4
Rate Changes / Mo0.81
Days Since Last Change19
High (-6 m)4.55 %
Low (-6 m)3.75 %
Draw-down from High-7.7 %
Volatility (CV)0.066
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 186 days.
Low (-6 m)
Lowest APY in the last 186 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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  • All America Bank - 1.50-3.25% APY
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  • Amalgamated Bank - 2.25% APY
  • American Express - 3.60% APY
  • Axos Bank - 4.66% APY
  • Bank5 Connect - 4.05% APY
  • Bank of America - 0.01% APY
  • Barclays - 3.90-4.10% APY
  • Bask Bank - 4.20% APY
  • Betterment - 4.00% APY
  • BMO Alto - 3.60% APY
  • Bread Savings - 4.30% APY
  • BrioDirect - 4.30% APY
  • Capital One - 3.60% APY
  • Carver Bank - 4.00% APY
  • Charles Schwab Bank - 0.15% APY
  • Chase Bank - 0.01% APY
  • Chime - 1.25-3.75% APY
  • CIBC Bank USA - 4.11% APY
  • CIT Bank - 0.25-4.00% APY
  • Citibank - 3.60% APY
  • Citizens Access™ - 3.70% APY
  • Colorado Federal Savings Bank - 4.25% APY
  • ConnectOne Bank - 4.00% APY
  • Customers Bank - 4.23% APY
  • Discover Bank - 3.60% APY
  • E*TRADE from Morgan Stanley - 4.00% APY
  • EverBank - 4.30% APY
  • Evergreen Bank Group - 4.25% APY
  • First Foundation Bank - 4.25% APY
  • Fitness Bank - 5.00% APY
  • Flagstar Bank - 4.00% APY
  • Forbright Bank - 4.25% APY
  • FVCbank - 4.35% APY
  • High Plains Bank - 0.23-3.82% APY
  • Jenius Bank - 4.20% APY
  • LendingClub - 3.40-4.40% APY
  • Live Oak Bank - 4.10% APY
  • Marcus by Goldman Sachs - 3.65% 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 - 4.30% APY
  • Peak Bank - 4.44% APY
  • Pibank - 4.60% APY
  • PNC - 3.95% APY
  • Poppy Bank - 4.25% APY
  • Popular Direct - 4.05% APY
  • Presidential Bank - 4.00-4.50% APY
  • Prime Alliance Bank - 4.05% APY
  • Primis Bank - 4.35% APY
  • Quontic Bank - 3.85% APY
  • RBMAX - 4.15% APY
  • Rising Bank - 4.30% APY
  • ROGER - 4.65% APY
  • Salem Five Direct - 4.01% APY
  • Sallie Mae Bank - 3.90% APY
  • Santander Bank - 0.03% APY
  • SoFi Bank - 3.80% APY
  • Synchrony Bank - 3.80% APY
  • TAB Bank - 4.26% APY
  • TD Bank - 0.05-3.00% APY
  • The State Exchange Bank - 1.90% APY
  • TIMBR - 4.40% APY
  • UFB Direct - 4.01-4.21% APY
  • Upgrade - 4.02% APY
  • Varo Bank - 2.50-5.00% APY
  • Western Alliance Bank - 4.30% APY
  • Zynlo Bank - 4.35% APY
FeatureValley DirectSelect a bank...
ProductHigh-Yield Savings AccountN/A
APY
4.20% (as of 6/20/2025)N/A
Bundled Account
NoN/A
FDIC-insured
YesN/A
Online OnlyYesN/A
Compound Frequency
DailyN/A
Minimum Deposit$1N/A
Minimum Balance for APY$0.01N/A
Maintenance Fee$0N/A
Direct Deposit Required
NoN/A
EligibilityOnly for new customers. Existing Valley Bank or Valley Direct customers may open a savings account with a somewhat lower rate.United States
NotePromo. Eligibility restricted.N/A