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No lines + higher rates = uncontrollable happiness.

It must be the new math.

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 4 times the national average, you get exactly what you deserve:  A smarter and easier way for you to reach your savings goals. 

Online Savings Account

+0.55% APY

Open an Account

A great rate is just the beginning:

  • No maintenance fees
  • $5,000 minimum deposit
  • Interest is compounded daily and credited monthly
  • FDIC insured
ATM Rebates
Connect to your account anytime, anywhere with our free mobile app
U.S. based Customer Service available 7 days a week

Compare Our Rate

(or we can save you some time, this one is better.)

0.55% Valley Direct
0.06% Citibank
0.01% Bank of America
0.01% Chase
0.01% Wells Fargo Bank
0.13% National Average

Savings Calculator

Want to see how much your savings can grow?
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    National Average
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in 5 years

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
Ready, set, click. We're off and running.
Step 2
Enter Your Info
  • Must be 18 years or older
  • US 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.

ATM Rebates

Rebates on 2 transactions each month at any ATM in the U.S. Always free at Valley ATMs.

Earn More

Interest is compounded daily and credited monthly.

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. Well that’s why we have the stuff to make each of them happen. Things like highly attractive interest rates well above the national average, no fees, ATM rebates and a simple, easy online account opening process. All neatly packaged up with a 91 year history of stability, security and safety. 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 not take more than 10 minutes to open an account.

    What will I need to open an account?
    You will need a social security number, driver’s license, state or government issued ID, a U.S. bank checking or savings account, and be at least 18 years old to open a Valley Direct online account.

    Can I open a Valley Direct account no matter where I live?
    Currently, Valley Direct is available in the following states: AL, CT, DC, DE, FL, MD, NJ, NY, PA, VA, and WV. We are expanding our footprint to make our accounts available in additional states, so please check back with us soon.

  • Making Deposits

    Do you require a minimum opening deposit?
    Yes, the minimum deposit needed to open an online savings account is $5,000.

    What happens if my balance falls below the minimum?
    While the minimum account opening balance is $5,000, withdrawals may cause your balance to fall below that threshold. If the daily balance falls below $5,000, you will earn a lower interest rate.

    How do I add money to my account?
    There are several ways you can add money to your account. You can deposit checks via the Valley Mobile App, initiate a money transfer or wire transfer from another financial institution, or transfer from a Valley Bank account. You can also mail checks to:

    Valley Direct
    c/o Valley Bank
    1445 Valley Road
    Wayne, NJ 07470

    Make sure checks are payable to the account owner, properly endorsed and be sure to write “For Deposit Only.” Please don’t send cash.

    You can also set up 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:
    - Valley’s routing/ABA number: 021201383
    - Your Valley Direct account number
    Download a Direct Deposit form

    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 via:

    • ATM withdrawal
    • You can request a check by either 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 seven days a week from 6 AM – 11 PM ET. Checks are payable to the account owner only.

    How many withdrawals can I make from my account each month?
    Transfers from your Valley Direct account to another account or to third parties by preauthorized automatic, or telephone transfer are limited to six per monthly statement cycle.

  • 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 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 seven days a week from 6 AM – 11 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, to update your contact information, please 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 seven days a week from 6 AM – 11 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 seven days a week from 6 AM – 11 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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