Valley Direct | 2024 Review

Valley Direct, backed by the regional Valley Bank, is a strong option for customers looking to manage their money and grow their savings entirely online.

Digital-only banking allows Valley Direct to offer customers extra-competitive interest rates and 24/7 access to accounts for hassle-free, high-yield savings accounts.

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_{Valley Direct, Member FDIC.}

Pros and Cons

✓   Strong encryption technology for secure transactions

✓   Paperless E-statements

✓   Flexible account terms

✓   5-minute or less account setup

✗   Digital-only customer support

✗   Savings products only

How Valley Direct Work?

Valley Direct is a great choice for anyone looking to save money, with savings accounts designed to meet a variety of needs, from building an emergency fund or looking ahead to long-term savings goals. The service offers high-yield savings and CDs, and a variety of investment products, such as mutual funds and stocks.

Opening an account with Valley Direct is a straightforward process that takes less than 5 minutes. After you've set up an account, enjoy a paperless online statement management to help you save time and keep track of your finances effortlessly. Plus, with 24/7 customer support, so you can easily get help whenever you need it.

Though Valley Direct offers excellent savings rates, it does not currently offer checking accounts. The savings account comes with a debit card, which can be used to make payments or withdraw money. For more information about online checking accounts, check out our top online checking accounts for 2024 here.

Key Features

• High-Yield Savings – Valley Direct savings rates are 10x the national average, at 5.05% APY.
• 12-Month CDs – With 4.50% APY over a 12-month fixed term, Valley Direct CDs are an ideal option for customers saving up for a big purchase.
• Mobile Banking – Bank securely from virtually anywhere with Valley’s Online Banking and Mobile app, which offers convenient, secure access to accounts, and near-instant mobile check deposits.
• No Fees – Valley Direct doesn’t charge maintenance fees, ever.

_{Our site regularly updates rates, fees, and other banking information displayed. Click here or visit 'VIEW RATES' at the bottom of this page for the latest information.}

Final Thoughts

Choose savings products that align with your financial goals while maximizing your interest. Valley Direct's competitive rates and an easy-to-use platform offers a hassle-free, modern approach to savings that's a great option for consumers who don’t need access to a physical branch for their savings goals.

Visit Valley Direct ➜

_{Valley Direct, Member FDIC.}

Not ready to commit? Find more online banks with competitive rates, great account variety, and solid customer support here.