Savings Accounts

VALLEY SAVINGS ACCOUNT

Interest is earned on a tiered basis. The greater the account balance the higher the interest rates and corresponding annual percentage yield.
Rates will be disclosed at account opening and may change daily.
Interest calculated by the daily balance method.
Interest compounded daily and credited quarterly.
If your balance falls below a stated minimum on any day in the month your account will be subject to service charge for that month.
Quarterly statements provided unless there are any preauthorized transfers in which case a statement will be provided monthly.
During any calendar month or statement cycle of at least four weeks, you may not make more than six preauthorized withdrawals, automatic or telephone transfers, checks, drafts, and debit card or other similar transactions from your account. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the financial institution.

VALLEY MONEY MARKET ACCOUNT

Interest is earned on a tiered basis. The greater the account balances the higher the interest rate and corresponding annual percentage yield. Rates will be disclosed at account opening and may change at any time.
Interest will be compounded monthly and credited monthly.
Interest calculated by the daily balance method.
If your balance falls below the stated minimum on any day in the month, your account will be subject to a service charge for that month.
During any calendar month or statement cycle of at least four weeks, you may not make more than six preauthorized withdrawals, automatic or telephone transfers, checks, drafts, and debit card or other similar transactions from your account. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the financial institution.

CERTIFICATE OF DEPOSIT
Are you looking for safety, security, and liquidity? Certificates of Deposit at Valley Bank and Trust are your answer. We offer a wide variety of Certificates with varying interest rates and maturities.

HEALTH SAVINGS ACCOUNT
Our health savings account is a tax-advantage medical savings account that can be established by eligible individuals covered under a high-deductible health plan to save and pay for qualified medical expenses. Examples of qualified expenses include co-pays, hospital visits, and prescriptions.

Contributions made on your behalf are fully tax-deductible, earnings are tax deferred and distributions used to pay for qualified medical expenses are tax free. All unused contributions stay in your account, earning tax-deferred interest. Consult your tax advisor.

IRAs
Any individual under 70 ½ years of age who has earned income may establish an IRA, and can also rollover proceeds from a pension plan payout to an IRA. There are many deciding factors in determining the dollar and age limits for this kind of account. Please contact one of our helpful staff members for our competitive rates.