Deposits & CDs

Every business has a unique set of goals and objectives. Valley helps support these efforts by offering a full suite of business banking deposit products that offer you the perfect mix of liquidity, profitability and convenience.

No two businesses are alike. That is why we offer a full line of CD products designed to provide you with the flexibility and convenience you need to reach your individual savings objectives.

Minimum Opening Balance $500
Interest Information
Early Withdrawal Early withdrawal penalty is 90 days interest for CDs of less than 1 year, 180 days interest for CDs of 1 year to less than 2 ½ years, 365 days interest for CDs of 2 ½ years to less than 5 years, 540 days interest for CDs of 5 years or more. Principal returned may be reduced by penalty if early withdrawal is requested.
Interest is compounded daily.
Interest Payments Paid monthly, quarterly, semi-annually, annually or at maturity, based on term.
Grace Period 10 day grace period upon maturity; no interest paid during the grace period if CD is not renewed
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