The annual percentage yield is accurate as of 3/18/2024. $500 minimum balance required to obtain the advertised annual percentage yield. Early withdrawal penalties may be imposed and fees could reduce earnings and/or principal. 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.
What to know about Valley CDs
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You can open a CD with just $500.
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If you're opening a CD online, you can deposit up to $500,000 into your account.
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If you'd like to fund your CD with more than $500,000 please visit a branch to open your account.
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FDIC insured up to $250,000 per depositor, for each account ownership category.
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You can withdraw money before the term is up, but may have to pay a early withdrawal fee.
What is a Certificate of Deposit?
Put your money in a in a fixed rate CD. When your term is up, you’ll get your deposit back plus interest. FDIC insured up to $250,000 per depositor, for each account ownership category.
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