Golden Passbook Savings
from Valley National Bank

Golden Passbook Savings Account offers higher interest rates than standard passbook accounts with a higher initial deposit. This account provides convenient record keeping, and unlimited deposits and withdrawals. Customers will receive a Valley Passbook where their deposit records and withdrawals will be entered as they occur. The account has a minimum initial deposit of $1000, no service fees if customer maintains a daily collected balance of $1000 per quarter. If between $100 and $1000, regular Passbook rate will apply. If below $100; $6 quarterly fee applies and no interest will be paid, waived in the 1st quarter after opening the account. No interest will be paid for any day the daily balance falls below $100 or if the account is closed before the end of the quarter. Interest is compounded daily and paid quarterly. Customers are eligible for alternative banking privileges.