Online Certificates of Deposit CD Rates as high as 4.30% APY
Take advantage of today's high savings rates with our online-only CDs.
Open an account
4.30% APY
3-Month CD
- 4.30% APY
- 3-month fixed term
- Fund your account up to $500,000 online
- Account must be funded with a new money deposit
- $25,000 minimum deposit required to open
- View disclosures
3.90% APY
12-Month CD
- 3.90% APY
- 12-month fixed term
- Fund your account up to $500,000 online only
- $500 minimum deposit required to open
- View disclosures
Disclosure: Annual percentage yields (APYs) are accurate as of 5/19/2025. We may change the information on this website at any time without notice. As examples, we may add, delete or change Annual APYs and CD terms.
For 3-month CD, a minimum deposit of $25,000 is required to obtain the advertised APY, and CD must be opened with a new money deposit.
*A new money deposit is defined as funds from an external funding source that are not presently on deposit in any other Valley account.
For 12-month CD, a $500 minimum daily balance is required to obtain the APY.
For all CDs, early withdrawal penalties may be imposed and fees could reduce earnings and/or principal.
See how much you could earn
How will the value of the certificate of deposit (CD) change over time?
Use this calculator to estimate what it could be worth.
Start saving in minutes
Open an account online in less than 5 minutes.
Transfer money easily and securely from any other bank account.
Lock in your savings and watch your money grow for the full term!
Important CD information
- All of our accounts are FDIC insured up to $250,000 per depositor, per account ownership category
- You must be 18 or older and a resident of the US to open one of our CDs
- You'll need your Social Security Number and Government Issued ID to apply
- Savings in your CD are put away for a fixed term — early withdrawal will likely incur a penalty – see disclosures
- These CDs are only available to open online and to consumers
Which account is right for me?
Looking for a savings option with more flexibility? Here's some key information about our High Yield Savings Account:
High Yield Savings Account
- Competitive interest rate that can change over time
- Add or remove money whenever you need to, subject to certain terms and conditions
- A flexible option that gives you easy access to your money without missing out on interest
- Great for an emergency fund, your rainy day fund, saving for a vacation, saving for an upcoming purchase
Most frequently asked questions
It should only take about 5 minutes to open an account, as long as you have all your information and identification available and ready.
To open a high yield savings or CD account, you must be at least 18 years old and be a resident of the U.S.
All primary and joint applicants will need the following:
- Social Security Number
- Valid ID (driver’s license, state ID, passport)
- A valid U.S. bank account with an online account username and password.
If you’re adding a beneficiary, you’ll need the beneficiary’s name, date of birth, and social security number.
A certificate of deposit, also known as a CD, is a savings account that holds a fixed amount of money and earns interest over a set period of time.
You need just $500 to open your new 12-month CD, or $25,000 to open your new 3-month CD, but can open with a deposit up to $500,000. You will need a valid U.S. bank account with an online account username and password to fund the new account.
Good question! This is actually something people ask us a lot.
APY stands for "annual percentage yield" and is how banks show you how much interest you would earn over one year, and that includes compounding interest. What does compounding interest mean? Simply put, it's when your interest earns more interest. For example, if you put $100 in a savings account, and after one month you earned $1 in interest, the next month you will be earning interest on $101—your original balance, plus $1 interest. This continues every month and is considered compounding. APY is the final percentage of interest you see at the end of the year after compounding has been accounted for and means your interest rate will look slightly lower than the advertised APY. For more information on this topic, check out this article where we break it all down.
Once you open a CD, you can’t make additional deposits or withdraw funds until the maturity date.
A penalty will also be charged for early withdrawals, which may result in a reduction of principal.
Account closures or withdrawals made prior to the maturity date are subject to a penalty amount equal to:
- Term less than 1 year, 90 days interest on the amount withdrawn
- Term of 1 year or more, but less than 2 ½ years, 180 days interest on the amount withdrawn
- Term of 2 ½ years or more, but less than 5 years, 365 days of interest on the amount withdrawn
- Term of 5 years or more, 540 days of interest on the amount withdrawn
There is a 10-calendar day grace period after each renewal date where you’re able to make a withdrawal or close your CD without a penalty.
Yes, Valley is a member of the Federal Deposit Insurance Corporation (FDIC). The FDIC protects your deposits at Valley up to $250,000 per depositor for each qualifying account ownership category. For more information about FDIC insurance, visit the FDIC website at fdic.gov. For reference, our FDIC certificate is 9396.
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.