Bank of the Valley Rates & Review

Bank of the Valley Review

Bank of the Valley, based in David City, Neb., offers a range of checking accounts, savings, and loans for personal and business customers.

Bank of the Valley, based in David City, Neb., is a small community bank that has three branches and six ATM locations. Deposits are FDIC-insured to a maximum of $250,000 per depositor.

Personal banking

Among the personal bank services offered are a variety of checking accounts, including a bonus checking account that offers a high interest rate on high balances, a regular checking account with no minimum balance requirement, and a super NOW account with tiered interest rates. There also is a prime checking account that requires a minimum balance, and a student checking account with no minimum balance.

Savings account choices include regular savings, student savings, health savings accounts, and IRA/SEP accounts. CDs are available for terms ranging from three months to five years. All CDs are available as IRA investments.

Business services

Bank of the Valley provides Small Business Administration loans. The bank offers business checking accounts for agricultural businesses, nonprofit organizations, small businesses, and larger companies. Business checking includes corporate checking accounts, agricultural line of credit accounts, and a no-frills basic account for businesses having a limited number of transactions each month.

Lending services

Customers can also apply for loans for personal use, automobile purchase, or buying or refinancing a home. Commercial and agricultural loans are available for land, equipment and livestock purchases as well as general business operations.

Online banking

Banking customers have the option of receiving their statements online. Bank statements are archived for up to 24 months and can be accessed 24 hours a day. Electing to receive electronic statements may waive some fees on certain accounts.