diff --git a/validator/client/service.go b/validator/client/service.go
index 5d467763c6..685b275312 100644
--- a/validator/client/service.go
+++ b/validator/client/service.go
@@ -19,22 +19,24 @@ var log = logrus.WithField("prefix", "validator")
 // ValidatorService represents a service to manage the validator client
 // routine.
 type ValidatorService struct {
-	ctx       context.Context
-	cancel    context.CancelFunc
-	validator Validator
-	conn      *grpc.ClientConn
-	endpoint  string
-	withCert  string
-	key       *keystore.Key
-	keys      map[string]*keystore.Key
+	ctx                  context.Context
+	cancel               context.CancelFunc
+	validator            Validator
+	conn                 *grpc.ClientConn
+	endpoint             string
+	withCert             string
+	key                  *keystore.Key
+	keys                 map[string]*keystore.Key
+	logValidatorBalances bool
 }
 
 // Config for the validator service.
 type Config struct {
-	Endpoint     string
-	CertFlag     string
-	KeystorePath string
-	Password     string
+	Endpoint             string
+	CertFlag             string
+	KeystorePath         string
+	Password             string
+	LogValidatorBalances bool
 }
 
 // NewValidatorService creates a new validator service for the service
@@ -55,12 +57,13 @@ func NewValidatorService(ctx context.Context, cfg *Config) (*ValidatorService, e
 		break
 	}
 	return &ValidatorService{
-		ctx:      ctx,
-		cancel:   cancel,
-		endpoint: cfg.Endpoint,
-		withCert: cfg.CertFlag,
-		keys:     keys,
-		key:      key,
+		ctx:                  ctx,
+		cancel:               cancel,
+		endpoint:             cfg.Endpoint,
+		withCert:             cfg.CertFlag,
+		keys:                 keys,
+		key:                  key,
+		logValidatorBalances: cfg.LogValidatorBalances,
 	}, nil
 }
 
@@ -93,12 +96,13 @@ func (v *ValidatorService) Start() {
 	log.Info("Successfully started gRPC connection")
 	v.conn = conn
 	v.validator = &validator{
-		beaconClient:    pb.NewBeaconServiceClient(v.conn),
-		validatorClient: pb.NewValidatorServiceClient(v.conn),
-		attesterClient:  pb.NewAttesterServiceClient(v.conn),
-		proposerClient:  pb.NewProposerServiceClient(v.conn),
-		keys:            v.keys,
-		pubkeys:         pubkeys,
+		beaconClient:         pb.NewBeaconServiceClient(v.conn),
+		validatorClient:      pb.NewValidatorServiceClient(v.conn),
+		attesterClient:       pb.NewAttesterServiceClient(v.conn),
+		proposerClient:       pb.NewProposerServiceClient(v.conn),
+		keys:                 v.keys,
+		pubkeys:              pubkeys,
+		logValidatorBalances: v.logValidatorBalances,
 	}
 	go run(v.ctx, v.validator)
 }
diff --git a/validator/client/validator.go b/validator/client/validator.go
index 54de53308a..b936baa8ae 100644
--- a/validator/client/validator.go
+++ b/validator/client/validator.go
@@ -18,16 +18,17 @@ import (
 )
 
 type validator struct {
-	genesisTime     uint64
-	ticker          *slotutil.SlotTicker
-	assignments     *pb.CommitteeAssignmentResponse
-	proposerClient  pb.ProposerServiceClient
-	validatorClient pb.ValidatorServiceClient
-	beaconClient    pb.BeaconServiceClient
-	attesterClient  pb.AttesterServiceClient
-	keys            map[string]*keystore.Key
-	pubkeys         [][]byte
-	prevBalance     uint64
+	genesisTime          uint64
+	ticker               *slotutil.SlotTicker
+	assignments          *pb.CommitteeAssignmentResponse
+	proposerClient       pb.ProposerServiceClient
+	validatorClient      pb.ValidatorServiceClient
+	beaconClient         pb.BeaconServiceClient
+	attesterClient       pb.AttesterServiceClient
+	keys                 map[string]*keystore.Key
+	pubkeys              [][]byte
+	prevBalance          uint64
+	logValidatorBalances bool
 }
 
 // Done cleans up the validator.
diff --git a/validator/client/validator_metrics.go b/validator/client/validator_metrics.go
index 9eee658c2b..356854c8c1 100644
--- a/validator/client/validator_metrics.go
+++ b/validator/client/validator_metrics.go
@@ -60,13 +60,15 @@ func (v *validator) LogValidatorGainsAndLosses(ctx context.Context, slot uint64)
 		if v.prevBalance > 0 {
 			prevBalance := float64(v.prevBalance) / float64(params.BeaconConfig().GweiPerEth)
 			percentNet := (newBalance - prevBalance) / prevBalance
-			log.WithFields(logrus.Fields{
-				"prevBalance":   prevBalance,
-				"newBalance":    newBalance,
-				"delta":         fmt.Sprintf("%f", newBalance-prevBalance),
-				"percentChange": fmt.Sprintf("%.2f%%", percentNet*100),
-				"pubKey":        tpk,
-			}).Info("Net gains/losses in eth")
+			if v.logValidatorBalances {
+				log.WithFields(logrus.Fields{
+					"prevBalance":   prevBalance,
+					"newBalance":    newBalance,
+					"delta":         fmt.Sprintf("%f", newBalance-prevBalance),
+					"percentChange": fmt.Sprintf("%.2f%%", percentNet*100),
+					"pubKey":        tpk,
+				}).Info("Net gains/losses in eth")
+			}
 		}
 		totalPrevBalance += resp.Balance
 	}
diff --git a/validator/main.go b/validator/main.go
index cacc0d4ca7..fb3a8389c7 100644
--- a/validator/main.go
+++ b/validator/main.go
@@ -138,6 +138,7 @@ contract in order to activate the validator client`,
 		types.BeaconRPCProviderFlag,
 		types.KeystorePathFlag,
 		types.PasswordFlag,
+		types.DisablePenaltyRewardLogFlag,
 		cmd.VerbosityFlag,
 		cmd.DataDirFlag,
 		cmd.EnableTracingFlag,
diff --git a/validator/node/node.go b/validator/node/node.go
index 249df05b53..233416dc06 100644
--- a/validator/node/node.go
+++ b/validator/node/node.go
@@ -129,10 +129,12 @@ func (s *ValidatorClient) registerPrometheusService(ctx *cli.Context) error {
 func (s *ValidatorClient) registerClientService(ctx *cli.Context, password string) error {
 	endpoint := ctx.GlobalString(types.BeaconRPCProviderFlag.Name)
 	keystoreDirectory := ctx.GlobalString(types.KeystorePathFlag.Name)
+	logValidatorBalances := !ctx.GlobalBool(types.DisablePenaltyRewardLogFlag.Name)
 	v, err := client.NewValidatorService(context.Background(), &client.Config{
-		Endpoint:     endpoint,
-		KeystorePath: keystoreDirectory,
-		Password:     password,
+		Endpoint:             endpoint,
+		KeystorePath:         keystoreDirectory,
+		Password:             password,
+		LogValidatorBalances: logValidatorBalances,
 	})
 	if err != nil {
 		return fmt.Errorf("could not initialize client service: %v", err)
diff --git a/validator/types/flags.go b/validator/types/flags.go
index 6763041227..84c868b7ba 100644
--- a/validator/types/flags.go
+++ b/validator/types/flags.go
@@ -38,6 +38,11 @@ var (
 		Name:  "password",
 		Usage: "string value of the password for your validator private keys",
 	}
+	// DisablePenaltyRewardLogFlag defines the ability to not log reward/penalty information during deployment
+	DisablePenaltyRewardLogFlag = cli.BoolFlag{
+		Name:  "disable-rewards-penalties-logging",
+		Usage: "Disable reward/penalty logging during cluster deployment",
+	}
 )
 
 func homeDir() string {
diff --git a/validator/usage.go b/validator/usage.go
index b6adda79fe..7e86a1d8fa 100644
--- a/validator/usage.go
+++ b/validator/usage.go
@@ -71,6 +71,7 @@ var appHelpFlagGroups = []flagGroup{
 			types.BeaconRPCProviderFlag,
 			types.KeystorePathFlag,
 			types.PasswordFlag,
+			types.DisablePenaltyRewardLogFlag,
 		},
 	},
 	{