Best Money Market Rates in Westfield, New Jersey - July 2026
Brian McKay
Brian McKay
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Current Westfield, New Jersey and the surrounding area money market deposit account rates include Spencer Savings BankSpencer Savings Bank240 North Ave W # 244, Westfield, NJ 07090A+5.0 ★Texas Ratio: 2.42% Kasasa Cash Back Premium Money Market Promo Checking at 4.00% APY, Haven Savings BankHaven Savings Bank184 Elm St, Westfield, NJ 07090A+5.0 ★Texas Ratio: 2.97% Step-Up Money Market at 3.00% APY, OceanFirst BankOceanFirst Bank520 South Ave W, Westfield, NJ 07090A+5.0 ★Texas Ratio: 1.82% FirstWave Money Market at 2.50% APY, Northfield BankNorthfield Bank828 South Ave W, Westfield, NJ 07090A+5.0 ★Texas Ratio: 1.88% High Yield Money Market at 0.10% APY, and Healthcare Employees Federal Credit UnionHealthcare Employees Federal Credit UnionA+5.0 ★Texas Ratio: 1.88% Money Market Account at 4.07% APY. Money market rates as of July 11, 2026 according to verified data from MonitorBankRates.
Westfield has 4 local institutions in our database, with money market rates as high as 4.00% APY from Spencer Savings Bank at 240 North Ave W # 244, Westfield, NJ 07090. Use the table below to compare all available offers, including options from institutions serving the broader New Jersey area. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Westfield, New Jersey and surrounding area. Last Updated and Verified: July 11, 2026
Compare the Best Money Market Rates Today in Westfield, New Jersey & the Surrounding Area
New Money Only
Rates subject to change. Click for details.
No Commitments. Withdraw anytime. The more you deposit, the higher your rate. New Money Only Available for Consumer & Business. To open a Business Account, visit your local branch or reach out to Commercial Lender. Annual Percentage Yield (APY) shown is accurate as of 12/15/2025. This is a limited time offer and may be discontinued without prior notice. Offer good for the initial term only. CD is automatically renewed for a 3-month term. The renewal rate is determined based on the published rate for the CD, excluding CD specials. Advertised rate and APY are offered at the bank's discretion and may change daily. Actual earnings may vary. $5,000 minimum and $1,000,000 maximum CD funding amount is required with funds not currently on deposit at OceanFirst Bank. Fees may reduce earnings. A penalty may be imposed for early withdrawal. IRA eligible. Additional restrictions may apply.
No Commitments. Withdraw anytime. The more you deposit, the higher your rate. New Money Only Available for Consumer & Business. To open a Business Account, visit your local branch or reach out to Commercial Lender. Annual Percentage Yield (APY) shown is accurate as of 12/15/2025. This is a limited time offer and may be discontinued without prior notice. Offer good for the initial term only. CD is automatically renewed for a 3-month term. The renewal rate is determined based on the published rate for the CD, excluding CD specials. Advertised rate and APY are offered at the bank's discretion and may change daily. Actual earnings may vary. $5,000 minimum and $1,000,000 maximum CD funding amount is required with funds not currently on deposit at OceanFirst Bank. Fees may reduce earnings. A penalty may be imposed for early withdrawal. IRA eligible. Additional restrictions may apply.
No Commitments. Withdraw anytime. The more you deposit, the higher your rate. New Money Only Available for Consumer & Business. To open a Business Account, visit your local branch or reach out to Commercial Lender. Annual Percentage Yield (APY) shown is accurate as of 12/15/2025. This is a limited time offer and may be discontinued without prior notice. Offer good for the initial term only. CD is automatically renewed for a 3-month term. The renewal rate is determined based on the published rate for the CD, excluding CD specials. Advertised rate and APY are offered at the bank's discretion and may change daily. Actual earnings may vary. $5,000 minimum and $1,000,000 maximum CD funding amount is required with funds not currently on deposit at OceanFirst Bank. Fees may reduce earnings. A penalty may be imposed for early withdrawal. IRA eligible. Additional restrictions may apply.
No Commitments. Withdraw anytime. The more you deposit, the higher your rate. New Money Only Available for Consumer & Business. To open a Business Account, visit your local branch or reach out to Commercial Lender. Annual Percentage Yield (APY) shown is accurate as of 12/15/2025. This is a limited time offer and may be discontinued without prior notice. Offer good for the initial term only. CD is automatically renewed for a 3-month term. The renewal rate is determined based on the published rate for the CD, excluding CD specials. Advertised rate and APY are offered at the bank's discretion and may change daily. Actual earnings may vary. $5,000 minimum and $1,000,000 maximum CD funding amount is required with funds not currently on deposit at OceanFirst Bank. Fees may reduce earnings. A penalty may be imposed for early withdrawal. IRA eligible. Additional restrictions may apply.
No Commitments. Withdraw anytime. The more you deposit, the higher your rate. New Money Only Available for Consumer & Business. To open a Business Account, visit your local branch or reach out to Commercial Lender. Annual Percentage Yield (APY) shown is accurate as of 12/15/2025. This is a limited time offer and may be discontinued without prior notice. Offer good for the initial term only. CD is automatically renewed for a 3-month term. The renewal rate is determined based on the published rate for the CD, excluding CD specials. Advertised rate and APY are offered at the bank's discretion and may change daily. Actual earnings may vary. $5,000 minimum and $1,000,000 maximum CD funding amount is required with funds not currently on deposit at OceanFirst Bank. Fees may reduce earnings. A penalty may be imposed for early withdrawal. IRA eligible. Additional restrictions may apply.
Eligible clients can open a new Truist Business Money Market Account and earn up to 4.00% annual percentage yield (APY) for balances between $5,000 - $4,999,999.99.
For a deposit balance of $50,000 or greater
as high as
Preferred
Balance: $2,500 - $49,999.99
For a deposit balance up to $49,999.99
Preferred rates; Requires a Citizens Quest® Checking account; A minimum of $25,000 of new money is required to qualify for preferred rates.
Preferred rates; Must have a Citizens Private Client® Checking account; A minimum of $25,000 of new money is required to qualify for preferred rates.
As Low As
New money only. Variable rate product. Daily balances at or below $24,999.99 earn an APY of 1.50%. No check writing privileges.
As High As
Tier 5: If your daily balance is $500,000.00 or more you will earn an interest rate of 3.06% with a 3.10% APY. No monthly maintenance fees. Easy transfers. No charge for mobile banking, online banking & eStatements.
Get Details
Tiered rates.
2 free withdrawals monthly; Money Market Plus accounts are only available for new money, or funds that have not been on deposit with 1166 Federal Credit Union in the last 30 days.
Balance of $50,000**
Annual Percentage Yield (APY) is effective as of July 11, 2026 on balances of $100,000 or greater and is subject to change. Other tiers and APYs that are subject to change at any time are as follows: $0.01 - $9,999.99 = 0.03%, $10,000 - $24,999.99 = 1.50%, $25,000 - $49,999.99 = 1.75%, $50,000 - $99,999.99 = 2.00% and $100,000+ = 3.00%. Fees assessed to accounts may reduce earnings. Personal Accounts only.
Special APY requires $50,000 minimum balance.
For daily balances of $0.01 to $49,999.99, the APY is 1.50%.
Tier Two
Minimum Daily Balances $100,000.00 or more; Monthly Service Charge: $15.00
$500,000 and above
Tier 4: If your daily balance is $250,000.00 up to $499,999.99 you will earn an interest rate of 2.81% with a 2.85% APY. No monthly maintenance fees. Easy transfers. No charge for mobile banking, online banking & eStatements.
APY* on $1,000,000 +. Interest Compounded/Credited Monthly/Monthly.
Tiered rates.
Projected Rates for February 2026. Rate is not guaranteed.
Balance: $1,000,000 & Over
Projected Rates for February 2026. Rate is not guaranteed.
Tiered rates.
$250,000
Projected Rates for February 2026. Rate is not guaranteed.
$100,000 - $249,999
APY for balances of $25,000 - $9,999,999
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Westfield, NJ Money Market Rate Trends
Compare local Westfield, NJ money market quotes against the statewide average
Daily money market rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
New Jersey high-yield MMA rates fell 0.030 points over the past 7 days to 3.244% APY.
New Jersey standard MMA rates fell 0.075 points over the past 7 days to 0.643% APY.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Westfield, New Jersey money market rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Money Market Rate Data: We aggregate money market deposit account rates for Westfield, New Jersey directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every money market rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Westfield, New Jersey. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in NJ.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update money market rates daily. Because MMA yields can fluctuate rapidly based on market conditions, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Money Market Accounts in Westfield, New Jersey
What is a Money Market Account (MMA)?
Are Money Market accounts in Westfield, New Jersey safe?
How often do MMA rates change in Westfield, New Jersey?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Westfield, New Jersey?
Best Money Market Rates in Westfield, New Jersey
- Spencer Savings Bank
Kasasa Cash Back Premium Money Market Promo Checking — 4.00% APY - Haven Savings Bank
Step-Up Money Market — 3.00% APY - OceanFirst Bank
FirstWave Money Market — 2.50% APY - Northfield Bank
High Yield Money Market — 0.10% APY - Healthcare Employees Federal Credit Union
Money Market Account — 4.07% APY
Westfield, New Jersey Rates & Resources
