Thanks to constantly changing interest rates, the search for certificates of deposit with the highest annual percentage yields (APY) is never ending.
One top-tier contender is Valley Direct, offering up to 4.20% APY as of this writing. It can be a great place to store your savings if you can overlook a few peccadillos, such as a limited selection of term lengths and CD types.
Here’s what to know about Valley Direct CD rates.
Rates are current as of Sept. 2, 2025 and are subject to change.
Valley Direct CD rates and products
Valley Direct skips the specialty CD options (think flex, rate bump, business, and IRA CDs), simply offering standard CDs. You’ll earn up to 4.20% APY, depending on the term you choose.
Notably, there are only two term lengths: six and 12 months. Valley National Bank, the financial institution of which Valley Direct is an online division, offers more CD options—but if you want to stick with Valley Direct, the pickings are slim.
It’s also worth mentioning that the minimum opening deposit is $500. If you’re opening a six-month CD, it must be with “new money”—that is, money not currently in a Valley National Bank account.
Valley Direct standard CD rates
| Term length | APY |
|---|---|
| 6 months | 4.20% |
| 12 months | 3.50% |
| 6 months | |
|---|---|
| APY | 4.20% |
| 12 months | |
| APY | 3.50% |
Bank details checked Sept. 2, 2025
Compare Valley Direct to competitors
Valley Direct offers generous return rates with its CDs, but its lack of term options is conspicuous. Here’s a look at some of the APYs you’ll find with a couple competing banks.
 Valley Direct |  Capital One |  Ivy Bank |
|---|---|---|
| 3 months | 3 months | 3 months |
| N/A | N/A | 4.35% |
| 6 months | 6 months | 6 months |
| 4.20% | 3.50% | 4.00% |
| 9 months | 9 months | 9 months |
| N/A | 3.50% | N/A |
| 12 months | 12 months | 12 months |
| 3.50% | 4.00% | 3.75% |
| 18 months | 18 months | 18 months |
| N/A | 3.80% | N/A |
| Learn more | Learn more | Learn more |
| View offer at MoneyLion | View offer at MoneyLion | View offer at MoneyLion |
Bank details checked Sept. 2, 2025
Learn more about Valley Direct
Valley Direct is a digital arm of Valley National Bank, established in 1927. It handles exclusively CDs and high-yield savings accounts—you won’t find basic account options like checking or personal loans. You’ll need to open a Valley National Bank account to enjoy those features.
While Valley Direct is online-only, you can service your account in-person at one of Valley Bank’s hundreds of branches around New Jersey, New York, Florida, and Alabama.
Frequently asked questions
What is the minimum deposit required for a CD at Valley Direct?
The minimum deposit required for a CD at Valley Direct is $500
What CD terms does Valley Direct offer?
Valley Direct offers just two CD term options: 6 and 12 months.
What are the early withdrawal penalties for Valley Direct CDs?
The early withdrawal penalties for Valley Direct CDs vary between 90- and 540-days interest on the amount withdrawn, depending on the term length you select.
What happens when my Valley Direct CD matures?
When your Valley Direct CD matures, you will receive a 10-day period during which you can reinvest your money into another CD or withdraw your money. If you do nothing, your CD will auto-renew for the same term length at the current APY.
Are Valley Direct CDs FDIC insured?
Yes, Valley Direct CDs are FDIC insured up to $250,000 per account holder per account ownership category.