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Valley National Bank IRA Rates
IRA rates offered by Valley National Bank are competitive. You only need $250 minimum to open for IRAs with terms from 6 months to 6 years. IRA rates vary depending on terms chosen.For example, 6 month IRA account has an APY of 1.00%. The rest of Valley Bank’s IRA terms are as follows:
- 1 year – 2.00%APY
- 1.5 years – 1.75%APY
- 2 years – 2.25%APY
- 2.5 years – 2.75%APY
- 3 years – 3.00%APY
- 4 years – 3.25%APY
- 5 years – 3.50%APY
- 6 years – 3.75%APY
Valley National Bank, based in New Jersey, is insured with FDIC.
Update August 14, 2009:
- 1 year – 1.50%APY (down by 0.50%APY)
- 1.5 years – 1.75%APY
- 2 years – 2.25%APY
- 2.5 years – 2.75%APY
- 3 years – 3.00%APY
- 4 years – 3.25%APY
- 5 years – 3.50%APY
- 6 years – 3.75%APY
Update October 23, 2009: Valley National Bank IRA rates are down.
- 1 year – 1.25%APY
- 1.5 years – 1.50%APY
- 2 years – 2.00%APY
- 2.5 years – 2.25%APY
- 3 years – 2.50%APY
- 4 years – 2.75%APY
- 5 years – 3.00%APY
- 6 years – 3.25%APY
Update January 4, 2010: Valley National Bank IRA rates are down for terms from 1 year to 4 years but remain steady for 5 years and 6 years term. In other words, the longer your money stays in the bank, the higher interest you will get. Good for those really serious about saving money for retirement.
- 1 year – 0.80%APY
- 1.5 years – 1.25%APY
- 2 years – 1.40%APY
- 2.5 years – 1.50%APY
- 3 years – 2.00%APY
- 4 years – 2.25%APY
- 5 years – 3.00%APY
- 6 years – 3.25%APY
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Published on June 23, 2009 · Filed under: IRA Rates; Tagged as: IRA Rates, valley national bank ira rates



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