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

Cash 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:

TermAPY (as of 3/21/11)Minimum opening depositEarly withdrawal penalty
36 months2.00%$500365 days of interest
48 months2.25%$500365 days of interest
60 months2.75%$500540 days of interest
72 months3.00%$500540 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:

TermAPY (as of 3/21/11)Minimum opening depositEarly withdrawal penaltyCD TermBankAPY (as of 3/21/11)Minimum opening depositEarly withdrawal penaltyProduct info
36 months2.00%$500365 days of interest36 monthsBank of Internet1.86%$1,00018 months of interestLearn more
48 months2.25%$500365 days of interest48 monthsOneWest Bank2.30%$5,000Greater of 2% of amount withdrawn or Market AdjustmentLearn more
60 months2.75%$500540 days of interest60 monthsSovereign Bank2.80%$50012 months of interestLearn more
72 months3.00%$500540 days of interest72 monthsIntervest National Bank2.40%$2,50036 months of interestLearn 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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