Available for residents nationwide, Valley Direct Bank is offering a Online Savings Account with 3.75% APY on all balances (4.20% APY for new customers).
Update 6/5/25: You can enjoy the 3.75% APY (down from 4.55%) rate! However, if you are a new customer, you can earn 4.20% APY with the currently promotion ($1,000 minimum account opening deposit required).
Editor’s Note: For an opportunity to earn more interest on your funds, see our review on Valley Bank’s CD account.
About Valley Direct Bank Online Savings Review
Valley Direct was founded in 1927 and is headquartered in Waynen, New Jersey. They have several checking and savings accounts available. Money Market accounts are available and differ from the savings accounts with regard to account requirements.
They offer a competitive interest rate that, along with its money market account offering, targets consumers looking to maintain liquidity.
| Balance Requirement | APY Rate |
| $0.01+ | 3.75% APY |
Valley Direct Bank Online Savings Rate
To earn Valley Direct’s competitive rate, simply meet all the requirements. Once you qualify, you will start earning the competitive rate.
- Learn More
- Account Type: Online Savings Account
- Interest Rate: 3.75% APY (4.20% APY for new customers).
- Availability: Nationwide
- Minimum Balance: None
- Maximum Balance: None
- Credit Inquiry: Unknown
- Opening Deposit: $1
- Monthly Fee: None
- Early Termination Fee: None Listed
(FDIC Insured)
Important Details for Valley Direct Bank
- There are many ways to add money to your account including initial account funding, initiate an inbound external transfer from another financial institution, wire transfer, Zelle, deposit checks, and set up direct deposit.
- Withdrawals of money from Valley Direct Bank can be done via checks, Zelle, or ACH transfers.
- A Chex Systems inquiry is done when opening an Online Savings Account.
- Valley Direct allows two beneficiaries (equal shares) to be designated. Social Security numbers are required for any beneficiary.
- Deposits and withdrawals in/out of an Online Savings account can also be done at any Valley brick-and-mortar locations. Valley currently has 234 full-service branch locations in Alabama (16), Florida (44), New Jersey (129), and New York (45).
Valley Direct ACH Capabilities and Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | ? | $3.5K | $10K | |
| Pull | ? | $45K | $45K |
You are typically allowed only six transfers per monthly statement cycle, according to federal law. However, a recent change in federal law has temporarily suspended this limit, allowing you to make more than six withdrawals or transfers in a monthly statement period.
Rebates on 2 transactions each month at any ATM in the U.S.
How to Earn Valley Direct Rates
- Open a Valley Direct Online Savings Account
- $1 minimum balance required to earn interest
- Enter your name, address, date of birth and social security number
- Link to your account at another bank
Why You Should Sign Up For This Account
- Just $1 minimum deposit to open
- No maintenance fees
- Interest is compounded daily and credited monthly
- U.S. based customer service team
- FDIC insured
Bottom Line
Check out this offer from Valley Direct and open a Online Savings Account to earn a competitive rate today!
Want to earn big bonuses? See our favorite banks including HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on Valley Direct Online Savings Account.
Found this off another website, they do not do ach limit increases.
Good Morning,
We do not conduct any limit increases. If you initiate a transfer directly on the other banks site their transfer limits will apply, and we will not block the transfer. We also send free cashiers checks or you may make withdrawals at a local branch. Let us know if you have any further questions.
LImit is $3,500 ach daily limit and $12,500 per month max.
Dame these low ach rates, worse than Bread.
Really?! That’s not good. Is pulling money from other banks(initiate from Valley Direct) is the same limit? Also how many days would it take?
They have a limit of no more than 2000.00 a day transferred in and no more than 10,000.00 per month transferred in. Their customeer service is not very knowledgeable of this online account either. I wanted to close it and it had 2 cents in the account and they told me I needed to go into a branch to close an online account. I live in california they are no where in this state. Very Disorganized.