Earn more at a great rate with a Valley Tiered Savings Account​

    
     

  • Unlimited deposits

  • Simple and competitive tiered interest rates credited monthly

  • Minimum balance to open $2,000

  • FDIC insured up to $250,000 per depositor, for each account ownership category

    

     View disclosures
     View our rates and terms

   Open an account

 

    

  
  
    

       

Here’s what you get with a Valley Tiered Savings Account

   

  • With tiered rates, as your balance grows, so does your interest rate.

  • There is no monthly service charge when you maintain a collected balance of $10,000.

  • Enjoy access to 200+ ATMs and local branches.

   
   Open an account

  
   
   

Find out how much you can earn


 
          
  

Current APY*

  		    

Requir​ed Minimum Daily Balance To Earn APY*

  

0.60%

$0.01 - $4,999
     

0.70%

$5,000 - $24,999

0.80%

$25,000 - $49,999

0.90%

$50,000 - $99,999

1.00%

$100,000 - $499,999

1.35%

$500,000 - $1,499,999

0.60%

$1,500,000 - $2,499,999

1.35%

$2,500,000 - $4,999,999

1.35%

$5,000,000 - $9,999,999

0.10%

$10,000,000 & above

 
   Open an account


  
 

     

Frequently Asked Questions




 
  • What is a Tiered Savings account?

    Valley’s Tiered Savings account helps you earn money while you save. It offers simple and competitive tiered interest rates credited to your account on you a monthly basis.

  • How do interest rates work?

    With a Tiered Savings account, your interest rate increase as your savings increases. So, the more you save, the higher your interest rate becomes.

  • What information do you need for an application?

    To open a Tiered Savings account, you’ll need to have some information handy. To start, you must be 18 years or older and have a US residential address. Whether you’re applying for an individual account or with a joint applicant, all those applying must have a Social Security number and have a Government ID in the form of one of the following: driver's license, non-driver ID, passport, proof of being a US permanent resident.

  • Are there fees associated with this account?

    A maintenance fee of $25 will be charged to your account each monthly statement cycle if the average daily balance for the monthly statement cycle falls below $10,000. These fees could reduce earnings on your account.



 

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 initial deposit of $2,000 is required. Annual Percentage Yields (APYs) are effective and accurate as of 1/28/2023.  Interest is accrued on a tiered basis, Tier 1: $4,999 balance or less earns 0.60% APY; Tier 2: $5,000 - $24,999 earns 0.70% APY;  Tier 3: $25,000 - $49,999 earns 0.80% APY; Tier 4: $50,000 - $99,999 earns 0.90% APY; Tier 5: $100,000 - $499,999 earns 1.00% APY; Tier 6: $500,000 - $1,499,999 earns 1.35% APY; Tier 7: $1,500,000 - $2,499,999 earns 0.60% APY; Tier 8: $2,500,000 - $4,999,999 earns 1.35% APY; Tier 9: $5,000,000 - $9,999,999 earns 1.35% APY; Tier 10: $10,000,000 and above earns 0.10% APY. A maintenance fee of $25 will be imposed each monthly statement cycle if the average daily collected balance falls below $10,000. Exceeding six withdrawals or transfers in a statement cycle will result in a $10 excessive usage fee per transaction over six. Fees may reduce earnings.