Valley National Bank: Attractive Long-Term CD Rates – New Jersey, New York

Simon Zhen

By , Staff Writer
Posted on Mon Mar 21, 2011, Last Updated on Tue Apr 5, 2011

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Valley National Bank in New Jersey and New York is offering some stellar CD rates on maturity terms from 36 months to 72 months.

Valley National Bank: Attractive Long Term CD Rates   New Jersey, New YorkCash in the bank is yielding so little that it makes saving seem futile. If delving in riskier options is out of the question, signing up for a long-term commitment is one way to get higher rates. At the moment, few CD rates can top 3.00% APY – those that do are commonly found at small community banks.

Valley National Bank CDs

Valley National Bank is one of those community banks that are currently offering a better return if you are willing to keep money with them for the next several years. As of Mar. 21, these are the competitive long-term CD rates available at Valley National Bank:

Term APY (as of 3/21/11) Minimum opening deposit Early withdrawal penalty
36 months 2.00% $500 365 days of interest
48 months 2.25% $500 365 days of interest
60 months 2.75% $500 540 days of interest
72 months 3.00% $500 540 days of interest

New Jersey-based Valley National Bank is a regional bank that operates nearly 200 branches serving 135 communities throughout northern and central New Jersey and the boroughs of Manhattan, Brooklyn, and Queens in New York City.

Accounts at Valley National Bank only available to customers residing in New Jersey and New York. New customers visit a local Valley National Bank branch to complete paperwork for opening an account.

For more information about CDs from Valley National Bank, click here.

Compared to Leading CDs

For comparison, here are the leading nationwide CD rates available under similar maturity terms:

CD Term Bank APY (as of 3/21/11) Minimum opening deposit Early withdrawal penalty Product info
36 months Bank of Internet 1.86% $1,000 18 months of interest Learn more
48 months OneWest Bank 2.30% $5,000 Greater of 2% of amount withdrawn or Market Adjustment Learn more
60 months Sovereign Bank 2.80% $500 12 months of interest Learn more
72 months Intervest National Bank 2.40% $2,500 36 months of interest Learn more

Valley National Bank offers attractive yields on 36-month and 72-month terms with comparably lower required opening deposit minimums and early withdrawal penalties.

To compare more New York CD Rates or New Jersey CD Rates please visit our CD Rates Comparison Page.

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