A valve timing control device comprises a drive rotation member driven by a crankshaft of an internal combustion engine; a driven rotation member fixed to a camshaft that actuates engine valves to open and close, the drive rotation member and driven rotation member being coaxially arranged to make a relative rotation therebetween; a phase varying mechanism that rotates the driven rotation member relative to the drive rotation member within a given angle, the phase varying mechanism being able to cause the driven rotation member to take the most-retarded phase position, the most-advanced phase position and a middle phase position defined between the most-retarded phase position and the most-advanced phase position; and a position keeping mechanism that is able to keep the driven rotation member at least the most-retarded phase position and the middle phase position at the time of starting the engine, and is able to select one of the most-retarded phase position and the middle phase position in accordance with an operation condition of the engine.