Stay on top of rate changes with our variable rate CD

  • Our Variable Rate CD floats 0.1% above the Federal Funds Rate Upper Limit throughout your 36 month term.

  • Our current APY is 5.10% and adjusts monthly to stay above the Federal Funds Rate Upper Limit.

  • Deposit between $500 and $500,000.

  • If the Federal Reserve changes its rate, you won't miss out on gains if the rate increases.

  • Valley has FDIC Insurance up to $250,000 per depositor for each account ownership category.



5.10% APY


36-Month Variable Rate CD



The Annual Percentage Yield (APY) of 5.10% is effective and accurate as of 5/31/2023. Rates subject to change after the account is opened. Minimum balance to obtain the advertised annual percentage yield is $500. Fund your account with a minimum deposit of $500 and maximum of $500,000 online and up to $1,000,000 in branch. Early withdrawal penalties may be imposed and fees could reduce earnings and/or principal. See a Bank Representative for complete terms and conditions.


Open your CD and lock in your interest rate today

Open an account at a branch near you


Open your account online with a
deposit of at least $500.

Deposit up to $10,000,000 as you open your account


During your term, the Federal Reserve may announce a new 'Target
Rate Upper Limit.'

Grow your savings with a great rate over 25 months


We'll automatically adjust your rate to reflect that announcement, adding 0.1% to the new Target Rate Upper Limit.


25 Month CD


What you need to know

  • You must be 18 or older and have a U.S. Residential Address

  • You'll need your Social Security Number and Government Issued ID to apply

  • Your interest rate will follow the Federal Funds Rate Upper Limit, and any changes in rate will take place on the 1st business day of the month. 



Still looking? Take a look at our full CD range   

Still looking? Take a look at our full CD range

  • Terms from 1 to 36 months online and
    up to 60 months in branch

  • Fixed rate CDs available 

   View all our CDs    


Loans for any Industry   

Want easier access to your savings? Our Money Markets will help

  • Easy access to your savings

  • Tiered rates available 

   View our savings accounts    

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.


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