Valley National Bank of Wayne New Jersery is offering 4.00% APY on a 9 month CD, 1 year CD, 18 month CD and 2 year CD. These rates are as of October 23, 2008. Valley National Bank has been around for over 80 years.
Certificate of Deposit overview:
- Minimum initial deposit $500
- Early withdrawal penalty is 90 days interest for CD’s of less than one year, 180 days interest for CD’s of 1 to less than 3 years, 365 days interest for CD’s of 3 years or more
- 10 day grace period upon maturity; no interest paid during the grace period if CD is not renewed
Certificate of Deposit Application process:
To open a CD account with Valley National you can fill out the application online and bring it into a branch office. If you are an existing VNB customer you can mail the form in. For more information go to www.valleynationalbank.com or call 1-800-522-4100
Author: CD Rates
October 23rd, 2008
