Valley Direct

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Save more. Earn more. It's simple.

We're big on creating a hassle-free, digital banking experience for one simple reason: we're big on you. And with a savings rate 15 times the national average, you get exactly what you deserve: A smarter and easier way for you to reach your savings goals.

Grow your savings at a rate
the national average

Open an Account

1.25% APY is just the beginning:

  • Just $1 minimum deposit to open
  • No maintenance fees
  • Interest is compounded daily and credited monthly
  • U.S. based customer service team
  • FDIC insured
No maintenance fees
24/7 online and mobile access
U.S. based customer service team available

Savings Calculator

Want to see how much your savings can grow?
Let's start the calculating!

I'll start with

and add

every month for

  • $0
    National Average
  • $0
  • $0
  • $0

$0 invested

$0 interest


in 5 years

Open an Account

What's easier than using our accounts? Opening one.

It takes less than 10 minutes to start saving for your future.

Step 1
Click Open an Account
Begin our secure and fast account opening process.
Step 2
Enter Your Info
  • Must be 18 years or older
  • U.S. Residential Address
  • Social Security Number
  • Government ID
Step 3
Transfer Funds
Link to your account at another bank. That's all it takes!

Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. When you open an account, we must ask for your name, address, date of birth and other information that will allow us to identify you. We may also request your driver's license or other identifying documents, even if you currently maintain a banking relationship with us. Strict adherence to these regulations helps to protect Valley and its customers from criminal activity. Your cooperation is greatly appreciated.

No Fees

We don't charge any maintenance fees.

$1 Opening Deposit

Start building your financial future now with just $1.


We use encryption and secure processes to help ensure your money is safe.

Valley trusted by:

Why should you use Valley Direct you ask?

We have everything needed to make you happen.

Valley Direct
Valley Direct
Valley Direct

We know you have goals. You have dreams. You have needs. And that's why you're looking for a highly attractive interest rate well above the national average to grow your savings. Combine that with no fees and a simple, easy online account opening process, and you have Valley Direct. Let's not forget your account is backed by a 91-year history of stability, security and safety. Of course, what we don't have are the long lines or little pens on the end of chains. Just the kind of streamlined digital banking that empowers you to accomplish everything and anything.

Frequently Asked Questions

  • Account Opening

    How long does it take to open an account?
    It should take less than 10 minutes to open an account.

    What will I need to open an account?
    To open a Valley Direct online savings account, you must be at least 18 years old with a valid U.S. bank account and Social Security Number. You will also need a government issued ID (i.e., U.S. Driver's License, Non-Driver State ID, Passport, U.S. Permanent Resident Card) and a valid U.S. bank online account username and password.

  • Making Deposits

    Do you require a minimum opening deposit?
    Yes, the minimum opening deposit is just $1.

    Do you have a minimum account balance?
    No minimum balance is required in your online savings account. However, if you do not maintain a balance of $0.01 or more for sixty (60) days, we may close your account.

    Are there any fees associated with my online savings account?
    We do not charge fees for transfers to or from your online savings account. However, your external financial institution may charge you a fee.

    How do I add money to my account?
    There are 4 ways you can add money to your account:

    • #1 Deposit funds during the initial account opening. You will need a valid U.S. bank online account username and password.
    • #2 Initiate a money transfer or wire transfer from another financial institution, or transfer from a Valley Bank account.
    • #3 Deposit checks via the Valley Mobile Banking App.
    • #4 Set up a direct deposit of your payroll, pension or government benefit such as Social Security.

    How do I set up direct deposit?
    To set up direct deposit follow the procedures outlined by your payroll or benefits provider. They will need the following information:

    Is my online savings account FDIC insured?
    Yes, your online savings account is FDIC insured. For more information about FDIC insurance, visit the FDIC website at

  • Withdrawing Money

    How do I make a withdrawal from my account?
    You can withdraw your money by requesting a check either by sending a secure message via online banking on, or by calling 866-899-9900. For calls made from outside of the U.S. and Canada, please call 973-305-8800. We're available Monday through Friday from 8 AM - 6 PM ET. Checks are payable to the account owner only.

    How many withdrawals can I make from my account each month?
    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. That means there's currently no limit to the number of withdrawals or transfers you can make. Please keep in mind that this change is likely temporary and the monthly transfer limit it could be reinstated in the future.

  • Account Access

    How can I access my account?
    We offer 24/7 online access from your computer, tablet or mobile device at, as well as our Valley Mobile Banking app. You can also call us at 866-899-9900. For calls made from outside of the U.S. and Canada, please call 973-305-8800. We're available Monday through Friday from 8 AM - 6 PM ET.

    Where can I find the Valley Direct routing/ABA number or my account number?
    Valley's routing/ABA number is 021201383. To access your account number, simply log in to your Valley Direct online banking account, select the desired account, then view the Account Details.

  • Contact and Support

    How do I change my contact information?
    For security purposes, you will have to call us to update your contact information. You can call us at 866-899-9900. For calls made from outside of the U.S. and Canada, please call 973-305-8800. We're available Monday through Friday from 8 AM - 6 PM ET.

    How can I close my Valley Direct account?
    You may close your account at any time by calling us at 866-899-9900. For calls made from outside of the U.S. and Canada, please call 973-305-8800. We're available Monday through Friday from 8 AM - 6 PM ET.

  • About Valley

    For more than 90 years, we've been committed to our mission of giving people and businesses the power to succeed. Because at Valley Bank, we believe when our customers and communities thrive - we all do. That's why we're one of the largest and most trusted regional banks in the country, with more than $41.7 billion in assets and branch locations across New Jersey, New York, Florida and Alabama. But we always knew we wanted to do more for people beyond our physical footprint. That's why we created Valley Direct. So, we could bring the high-quality, trusted service our customers know us for directly to you - no matter where you are. If you want to learn more about Valley Bank, go to

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