Santander Bank vs. Valley Direct
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 16, 2025
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Summary of Santander Bank vs. Valley Direct
Key Metrics at a Glance
| Feature | Santander Bank | Valley Direct |
|---|---|---|
| Top Savings APY | 0.01% Santander Savings | 4.10% High-Yield Savings Account |
| Minimum to Open | $25 | $1,000 |
| Minimum Balance for Top APY | $0 | $0.01 |
| Note | Promo. Eligibility restricted to new customers. |
Santander Bank
Strengths
- No minimum balance requirement for Santander Savings.
- Santander Bank has a low minimum deposit of $25.
Potential Drawbacks
- Santander Savings offers a low APY of 0.01%.
- Santander Bank has no BBB rating and is not accredited.
- Santander Bank charges a $1 maintenance fee.
Valley Direct
Strengths
- Valley Direct offers a competitive APY of 4.10%.
- No maintenance fees for the High-Yield Savings Account.
- Valley Direct has an A+ BBB rating.
Potential Drawbacks
- Valley Direct requires a minimum deposit of $1,000.
- Accounts are online-only, limiting accessibility.
→ As of November 16, 2025 Santander Bank offers an APY of 0.01% for its Santander Savings account, with a minimum balance of $0, compared to Valley Direct's 4.10% APY for its High-Yield Savings Account, with a minimum balance of $0.01.
→ Valley Direct yields $409 more than Santander Bank on a $10,000 balance after one year. Santander Bank pays $1, while Valley Direct pays $410 - an APY advantage for Valley Direct.
Calculate Savings Growth for Santander Bank vs Valley Direct
Santander Bank - Santander Savings
Total savings breakdown:
- Interest earned: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Total balance: $18,005.7
Earnings: $5.7
Bank OverviewValley Direct - High-Yield Savings Account
Total savings breakdown:
- Interest earned: $2,499.4 (12.19%)
- Total contributions: $13,000 (63.42%)
- Initial deposit: $5,000 (24.39%)
Your total balance
$20,499.40
Total balance: $20,499.4
Earnings: $2,499.4
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Santander Bank's total earnings would be $2,493.7 lower than Valley Direct's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Santander Bank's vs Valley Direct's Savings Accounts
| Santander Bank | Valley Direct | ||
|---|---|---|---|
| Product | Santander Savings | vs | High-Yield Savings Account |
| APY | 0.01% (as of 11/16/2025) | 4.10% (as of 11/16/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | No | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $25 | $1,000 | |
| Minimum Balance for APY | $0 | $0.01 | |
| Maintenance Fee | $1 | $0 | |
| Direct Deposit Required | No | No | |
| Eligibility | United States | 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 to new customers. | ||
| App Store Rating | 4.8/5 | 4.8/5 | |
| Google Play Rating | 4.1/5 | 4.5/5 | |
| BBB Rating | Not Rated | A+ |
Comparative Historical APY Insights (Last 10 Months)
| Santander Bank | Valley Direct | ||
|---|---|---|---|
| Product | Santander Savings | vs | High-Yield Savings Account |
| Latest APY | 0.01 % | 4.10 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -0.2 | 1.7 | |
| Rate Changes / Mo | 0.10 | 0.70 | |
| Days Since Last Change | 58 | 51 | |
| High (-10 m) | 0.03 % | 4.40 % | |
| Low (-10 m) | 0.01 % | 3.75 % | |
| Draw-down from High | -66.7 % | -6.8 % | |
| Volatility (CV) | 0.327 | 0.045 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 10 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 (-10 m)
- Highest APY in the last 298 days.
- Low (-10 m)
- Lowest APY in the last 298 days.
- Draw-down from High
- How far today sits below the 10-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.