The merger of Oritani and Valley Bank made financial services more accessible for members, with the help of its more convenient and authenticated CD rates. These CD rates are the ultimate source of stability for all those who want to have a sort of fixed investment.

To elaborate on the more comprehensive analysis, here is the quick guide depicted in the section next for a precise understanding.

Oritani Bank CD Rates Offers

The considerable offers to look for by Oritani Bank are;

12-Month CD

  • Term: 12 months
  • APY (Annual Percentage Yield): 4.50%
  • Fixed Term: The interest rate remains constant throughout the 12-month period.
  • Maximum Deposit: You can fund your account with a maximum deposit of up to $500,000 online and up to $1,000,000 in a branch.

Considerations: This CD offers a competitive APY with a fixed rate, providing a predictable return on your investment over the 12-month period. Consider your liquidity needs and the fixed commitment period before opting for this CD.

Pros & Cons

Competitive 4.50% APYFixed term may limit liquidity needs
Predictable returnsLower APY compared to longer-term options
Maximum deposit flexibilityLimited investment period

6-Month CD

  • Term: 6 months
  • APY (Annual Percentage Yield): 4.75%
  • Fixed Term: The interest rate is fixed for the entire 6-month duration.
  • Maximum Deposit: Allows a maximum deposit of up to $500,000 online and up to $1,000,000 in a branch.

Considerations: This CD offers a slightly lower APY but with a shorter commitment period. It may be suitable for those looking for a shorter-term investment with a fixed return. Assess your financial goals and timeline before choosing this option.

Pros & Cons

Higher 4.75% APYShort-term commitment

Are Oritani Bank CD Rates Competitive?

In terms of competitiveness, the 12-month CD, with a 4.50% APY, provides a solid return over a relatively short period, appealing to those seeking predictable returns with a moderate level of commitment.

The 6-month CD is advantageous for individuals with shorter investment horizons and a need for quicker access to funds.

Oritani Bank’s maximum deposit flexibility, allowing up to $500,000 online and $1,000,000 in-branch, adds a layer of appeal.

Overall, the bank’s range of CD options caters to diverse investor preferences, offering competitive rates for various risk appetites and time horizons.

Overview Oritani Bank 

Oritani was established in 1911 in New Jersey. They were originally known as the Oritani Savings and Loan Association. In the 1990’s they changed their name to Oritani Savings Bank. They are a federally insured bank. In 2008 they shortened their name to just Oritani Bank. They were purchased and merged with Valley National Bank in 2019. They now have a headquarters located in Passaic, NJ, and have branches in Alabama, New Jersey, Florida, and New York. At the time of the merger, Oritani had over $3 billion in assets.

Valley National Bank is based out of New Jersey but has branches in four states. You can find ATMs anywhere in America. Valley National Bank also has a user-friendly website and mobile banking application. Valley is devoted to the wellness of its member’s finances and offers competitive rates on financial services. They treat their members and employees with respect. Today they have over 200 branches and manage over $42 billion in assets.


To open a CD with Oritani you must visit a branch in person. You do not have to live in New Jersey to open a CD, but you will have to visit a branch so it is not very accessible for out-of-state customers. To become a member of Oritani call, go online, or visit a branch. They were bought out by Valley National Bank which operates in New York, Alabama, New Jersey, and Florida.

Locations Oritani Bank 

Branches in New Jersey

The branches in New Jersey are:

Bergen, Essex, Hudson, Middlesex, Monmouth, Morris, Passaic

Branches in Alabama

The branches in Alabama are:

Birmingham, Elmore, Montgomery, Tallapoosa

Branches in Florida

The branches in Florida are:

Brevard, Broward, Collier, Duval, Hillsborough, Indian River, Lee, Miami-Dade, Orange, Palm Beach, Pinellas, Polk, Sarasota, Seminole, St. John’s

Branches in New York

The branches in New York are:

Kings, New York, Nassau, Queens, Suffolk

Frequently Asked Questions

What is the term of the 12-month CD?

The term is 12 months.

What is the APY for the 6-month CD?

The APY is 4.75%.

Is the 36-Month Variable Rate CD fixed or variable?

It is a variable-rate CD.

What is the maximum online deposit for all CDs?

The maximum deposit for CD options is Up to $500,000.

Are these CDs FDIC-insured?

Yes, up to the maximum allowed by law.