Valley National Bank CD Rates
This blog aims to bring you the highest CD rates offered by different banks. The idea behind providing you the best CD rates is to help you make informed financial decisions. With this mind, we will review the Valley National Bank CD rates.
This bank provides peace of mind in any kind of market condition. They provide various long term and short term deposits to meet customer’s investment goals. It is a safe and secure means of investment for you. They have a customer friendly approach for a complete banking experience. All personal deposits are insured up to $250000 with Federal Deposit Insurance Corporation.
Valley National Bank certificate of deposit rates for multiple maturity and pass book CDs ranging from $500 to $500000, and for a term of 90 days, the deposit interest is 0.20% APY. The rates for 6 months are 0.35% and for 9 months, it is 0.50%. The rate for a period of 12 months is 0.65%, 18 months is 0.85%, 24 months is 1.15%, 30 months is 1.20%, 60 months is 2.25% and 72 months is 2.75% respectively.
Valley National CD rates for single or multiple maturity CDs for a deposit of $100000 and more is 0.20% Ay for a period of 7 to 14 days, 0.25% for 1 month, 0.30% for 2 months, 0.40% for 3 months and 0.60% for 6 months respectively.
In case of pre-closures penalty will be the loss of 90 days interest for deposit maturity that have a term period of less than 1 year. If it is more than 1 year and less than 2 years f 180 days interest, for 2 to 5 years maturity, 365 days interest and for maturity of 5 years or more, 540 days interest will be levied. It is a good idea to utilize the the services offered by Valley National Bank as they are lucrative.