Carver Bank vs. Valley Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Carver BankHigh Yield Savings Jan 9, 2026 | Valley DirectHigh-Yield Savings Account Jan 9, 2026 |
|---|---|---|
| APY | 4.00% | 3.40% - 4.00% |
Est. Earnings | $5,000+$200 $10,000+$400 $25,000+$1,000 | $5,000+$200 $10,000+$400 $25,000+$1,000 |
Min Deposit | $5,000 | $1,000 |
Snapshot view. Rates subject to change. | ||
Terms | - | Promo rate for new customers. 3.40% APY applies to existing customers. |
| Features | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® Supported |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.20% APY.
Comparison Analysis
Comparing Carver Bank vs. Valley Direct
As of both Carver Bank (High Yield Savings) and Valley Direct (High-Yield Savings Account) offer an APY of 4.00% .
Both banks yield $400 in interest on a $10,000 balance after one year. Neither has an APY advantage, so consider other features (fees, access, app ratings, etc.) when choosing.
Why Carver Bank?
- ✓Available to New & Existing Customers
Why Valley Direct?
No distinct advantages found vs Carver Bank.
Shared Benefits
Executive Summary as of
Carver Bank offers a High Yield Savings account with a competitive APY of 4.00%, requiring a minimum deposit and balance of $5,000, and is available online only. In comparison, Valley Direct features a High-Yield Savings Account with a slightly higher APY of 4.10%, but this rate is promotional and limited to new customers; existing customers receive a lower rate of 3.40%. Valley Direct has a lower minimum deposit requirement of $1,000 and a minimum balance of just $0.01, with no maintenance fees. Both accounts compound daily and are FDIC insured.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Carver Bank vs. Valley Direct Savings Calculator
Both accounts earn exactly the same amount.
Carver Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
Valley Direct
High-Yield Savings Account
Promo Rate: 4.00% for 12 months, then 3.40%.
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Carver Bank | Valley Direct |
|---|---|---|
| APY | 4.00% Verified: 1/9/2026 Stable (90d) | 4.00% Range: 3.40% - 4.00% Verified: 1/9/2026 ↘︎ 0.10%90d Change |
| Product Name | High Yield Savings | High-Yield Savings Account |
| Minimum Deposit | $5,000 | $1,000 |
| Min. Balance for APY | $5,000 | $0.01 |
| Monthly Fee | $0, of minimum balance requirement met. Otherwise $6. | $0 |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.7 Android4.5 | iOS4.8 Android4.6 |
| Zelle® Support | Available Full native integration in digital banking. | Available Allows Zelle directly on HYSA. |
| BBB Rating | A+ | A+ |
| Important Notes | - | Promo rate for new customers. 3.40% APY applies to existing customers. |
| Next Steps | Visit SiteVerify at Carver Bank Non-sponsored link to official site | Visit SiteVerify at Valley Direct Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Carver Bank | Valley Direct |
|---|---|---|
| High Yield Savings | High-Yield Savings Account | |
Current APY | 4.00% | 4.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | -1.0 | -0.6 |
Days Since Change | 311 | 28 |
11-Month High | 4.25% | 4.40% |
11-Month Low | 4.00% | 3.75% |
Adjustments / Mo | 0.09 | 0.70 |
Volatility Score | 0.017 | 0.041 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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