Personal Savings
Personal Savings
Our basic savings account with no monthly service charge if a minimum
balance is maintained. No monthly service charge if you have a
Celebration
50 or Enhanced Checking account. Six free withdrawals per month.
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$100 minimum opening deposit
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$2.00 monthly service charge if balance falls below $200
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$2.00 per withdrawal exceeding six per month with unlimited in-person withdrawals and transfers
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Interest earned on all balances
Smart Choice Personal Money Market
Would you like to earn higher interest rates on higher balances? The Smart Choice Money Market account has six levels of qualifying balances; as the balance in your account increases to the next higher tier, all of the funds in the account earn a higher interest rate.
- $25,000 minimum opening deposit
- $12.00 monthly service charge if balance falls below $25,000
- $3.00 per withdrawal exceeding six per statement cycle with unlimited in-person withdrawals and transfers
- Interest earned on all balances
- See Deposit Rates
- See Deposit Account Agreement
Personal Money Market Savings
Our tiered rate savings that pays more interest as your balance grows!
No monthly service charge if a minimum balance is maintained. Six free
withdrawals per month, of which three may be checks.
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$100 minimum opening deposit
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$10.00 monthly service charge if balance falls below $1000
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$3.00 per withdrawal exceeding six per month with unlimited in-person withdrawals and transfers
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Interest earned on all balances
Holiday Club Savings
Wrap up your holiday plans by opening up a Holiday Club Savings Account.
It’s the perfect way for you to save for your holiday expenses or that
special vacation! Deposit as frequently as you like. Automatic deduction
from your Valley Bank checking or savings account is an effortless,
systematic way to save.
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$10 minimum opening deposit
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No service charges
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Withdrawal of the balance can be made anytime, but the account will be closed and all unpaid interest forfeited.
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Interest is paid on October 31st of each year and the balance of your account will be paid by direct deposit to your Valley Bank checking or savings account during the first week of November each year
Certificates of Deposit
Certificates of Deposit are a popular and safe way to achieve your
financial goals. Since everyone’s needs are not exactly the same, we
offer a wide variety of time deposit accounts including fixed rate
accounts with terms from 90 days to 5 years, and certificates that allow
you to “bump” your interest rate as well as make deposits whenever you
like. Call us and ask for our current rates and other information.
Fixed Rate Certificate – Terms of 12 months or less
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$2500 minimum opening deposit
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Interest paid at maturity
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A penalty may be imposed for early withdrawal
Fixed Rate Certificate – Terms greater than 12 months
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$500 minimum opening deposit
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Interest compounded daily and paid monthly, quarterly, semiannually, or annually
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A penalty may be imposed for early withdrawal
Bump N Jump Certificate – Term of 15 months
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$5,000 minimum opening deposit
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Interest compounded daily and paid quarterly
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Add-on deposits anytime you like during the term in increments of $500 or more
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“Bump” the rate once during the term for the “Bump-N-Jump” posted rate
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A penalty may be imposed for early withdrawal
Individual Retirement Accounts (IRAs)
An Individual Retirement Account is one of the wisest investments you
can make. At Valley Bank, your investment earns even more with no annual
fees or setup costs! Call us and ask for our current rates and other
information.
IRA Fixed Rate Certificate – Terms of 12 months or more
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$100 minimum opening deposit
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Interest compounded and paid semi-annually
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A penalty may be imposed for early withdrawal
IRA Expandable Certificate – Term of 12 months
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$100 minimum opening deposit
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Interest compounded and paid semi-annually
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Unlimited deposits permitted in increments of $100 or more
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A penalty may be imposed for early withdrawal
