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.
Disclosure:
Minimum deposit of $10,000 to open this account. The Annual Percentage Yield (APY) is effective and accurate as of 3/20/2023. You must maintain an average daily balance of: $0 - $9,999.99 with 0.40% interest rate and 0.40% APY; $10,000 - $999,999.99 with 0.90% interest rate and 0.90% APY; 1,000,000 + with 0.40% interest rate and 0.40% APY. Interest will be compounded daily and credited to your account monthly. Interest begins to accrue no later than the business day that we receive credit for the deposit of the non-cash items (for example, checks). If the account is closed prior to the interest being credited; the accrued interest will not be credited to the account. Offer may be withdrawn or modified without prior notice. Fees could reduce earnings. See a Bank Representative for complete terms and conditions.