Valley National Bank Review 2025
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At a glance
Overview
Valley National Bank is a good option for residents of Alabama, California, Florida, New Jersey and New York who live near a branch. The bank offers checking accounts, saving accounts, certificates of deposit (CDs) and money market accounts.
Highlights:
Highly Rated AppHighlights:
CDs
Checking
Savings
MMA
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.2/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.6/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Overall
Valley National Bank is a regional bank that offers consumer deposit products, mortgages and auto loans, investment management and a variety of business products. Customers looking for high yields can find various accounts here, but keep in mind that Valley National Bank has a limited geographic footprint, with more than 200 branches.
Pros
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Valley National Bank offers a combination of branch and digital banking.
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Its product lineup serves consumer and business customers alike.
Cons
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Valley has branches in only fiver states: Alabama, California, Florida, New Jersey and New York.
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The rates for savings and money market accounts are low compared to other banks and financial institutions.
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A network of more than 230 ATMs isn’t competitive with larger banks and banks with large bank networks.
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Valley National Bank banking products
Valley National Bank All Access Savings
Pros
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The All Access Savings account requires only $100 to open.
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All Access Savings comes with an ATM card.
Cons
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You can find banks offering much higher APYs on savings.
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There is a monthly fee unless you meet minimum balance requirements.
Valley National Bank CDs
Pros
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The minimum opening deposit of $500 for term CDs is reasonable.
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Yields are competitive.
Cons
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The bank does not offer no-penalty CDs.
Valley National Bank Premium Money Market
Pros
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The Premium Money Market account pays a more competitive yield if you link it to an All Access Checking account and meet additional criteria.
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You can make unlimited deposits and withdrawals.
Cons
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The Premium Money Market requires a minimum opening deposit of $25,000.
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You must maintain an average daily balance of at least $10,000 to avoid a monthly service fee.
Valley National Bank All Access Checking
Pros
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You can open an All Access Checking account with only $100.
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No monthly maintenance fee if you maintain a minimum balance of $99.
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It comes with a debit card.
Cons
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There is a $2 fee using an out-of-network ATM.
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Valley charges $5 to replace your personal debit card.
Bank fees
| Fee | Charged? |
|---|---|
| Overdraft fee | $30 |
| Non-sufficient funds fee | $30 |
| Monthly maintenance fee | $5 – $25 |
| Out-of-network ATM fee | $2 |
| Excessive transaction fee | None |
Customer experience
Customer support. The Customer Care team is available 24 hours a day (except Christmas and Thanksgiving) by phone. You can also fill out a form available on the website.
Mobile app. Valley National Bank’s mobile app scores well among iOS and Android device users. The bank also offers telephone banking and allows person-to-person payments with Zelle.
Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
