Regular Statement Savings
from Valley National Bank

The Regular Statement Savings Account is available for those who do not want to invest a large initial deposit when opening an account. This account provides for alternative access via check card, ATM and Online Banking. Customers will receive a checkbook style register to keep track of their deposits and withdrawals, and a monthly statement. The account has unlimited deposits and withdrawals, minimum initial deposit $100, no service fees if customer maintain an average daily collected balance of $100 per quarter. If below $100; $6 quarterly fee applies and no interest will be paid, 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. Also, interest is compounded daily, paid quarterly, and customer's are eligible for alternative banking privileges and direct deposit.