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Highest CD Rates in New Jersey (NJ)

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CD rates have been dismal for over two years now. The national average CD rates have been declining since the financial crisis and the "Great Recession".  The current national average 3 month CD rate is only 0.33 percent. 5 year national average CD rates aren't much higher. The current 5 year average CD interest rate is 2.09 percent. In the summer of 2008 you could find 1 year CD rates at banks and CD rates and CD rates at credit unions as high as 5.00 percent.

We have compiled a list of the highest CD rates in New Jersey. The highest New Jersey CD rate is from Flagstar Bank. The bank is offering 12 month bank CD rates at 1.54 percent with an annual percentage yield (APY) of 1.55 percent. The minimum opening deposit is $500.



Bank of Internet is second on the list of highest CD rates in NJ. The bank's 1 year CD rate is 1.47 percent with an APY of 1.48 percent. The minimum opening CD account balance is $1,000.

Giantbank.com has the third best CD rate on our list in NJ. The bank’s current 12 month CD interest rate is 1.45 percent with an APY of 1.46 percent. Giant Bank's minimum opening certificate of deposit balance is $2,500.

Highest New Jersey CD Rates




  • Flagstar Bank 1.55% APY Min $500 


  • Bank of Internet USA 1.48% APY Min $1000 


  • Giantbank.com 1.46% APY Min $2500 


  • Nationwide Bank 1.45% APY Min $10,000 


  • Sallie Mae 1.45% APY Min $ 1 


  • Ally Bank 1.44% APY Min $ 1 


  • Discover Bank 1.35% APY Min $2500 


  • American Express 1.30% APY Min $ 0 


  • Community Bank of Bergen 1.30% APY Min $1000


  • PenFed 1.26% APY Min $1000 


  • AIG Bank 1.26% APY Min $2500 


  • ING DIRECT 1.25% APY Min $ 1 


  • EverBank 1.15% APY Min $1500 


  • Tennessee Commerce Bank 1.15% APY Min $2500 


  • BankDirect 1.11% APY Min $10,000 


  • Bay Ridge Federal Credit Union 1.00% APY Min $500


  • First County Bank 1.00% APY Min $1000 


  • First Internet Bank of IN 1.00% APY Min $1000 

 
Author: Brian McKay
September 22nd, 2010