New Jersey Savings Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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New Jersey savings account rates range from 2.27% to 7.00% APY, verified by MonitorBankRates as of October 12, 2026. The best savings rates for New Jersey include Edifi Federal Credit UnionEdifi Federal Credit Union690 Beverly Rancocas Road, Willingboro, NJ 08046A+5.0 ★Texas Ratio: 3.73%Real return: +4.20%APY minus 2.8% CPI (February 2026) GrowWise Savings at 7.00% APY, Apple Bank for SavingsApple Bank for Savings99 Wood Ave S, Iselin, NJ 08830A+5.0 ★Texas Ratio: 4.67%Real return: +2.20%APY minus 2.8% CPI (February 2026) Apple Bank SmartStart Savings Account at 5.00% APY, FourLeaf Federal Credit UnionFourLeaf Federal Credit Union56 Haddonfield Rd, Cherry Hill, NJ 08002 2057B+4.8 ★Texas Ratio: 17.52%Real return: +2.20%APY minus 2.8% CPI (February 2026) Student Savings at 5.00% APY, Andrews Federal Credit UnionAndrews Federal Credit Union2200 Mount Holly Rd, Burlington, NJ 08016A5.0 ★Texas Ratio: 10.28%Real return: +2.20%APY minus 2.8% CPI (February 2026) Mission Savings Account at 5.00% APY, and Kinecta Federal Credit UnionKinecta Federal Credit Union175 Park Ave, Madison, NJ 07940A+5.0 ★Texas Ratio: 3.82%Real return: +2.20%APY minus 2.8% CPI (February 2026) High Yield Savings at 5.00% APY.
Use the tables below to compare savings rates across New Jersey side-by-side. New Jersey savings rates currently reach as high as 7.00% APY from Edifi Federal Credit Union at 690 Beverly Rancocas Road, Willingboro, NJ 08046. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in New Jersey and the surrounding area. Last Updated and Verified: October 12, 2026
Compare the Best Savings Rates in New Jersey
Balance: $0 - $1,000.00
Balance: $1.01 - $10,000
Balance: $0.00 - $1,000.00
Balance: $0.01 - $1,000.00
Balance: $0 - $499.99; Deposit or withdraw as needed. No monthly service fee
Balance: $1.00 - $2,500.00
6-Month Boost for New Customers. After 6 months, this boost will expire and your rate will revert to our standard variable APY (currently 3.80%).
Qualifications Required: 2 qualifying recurring electronic direct deposits must post to the new FreeStyle Checking account within 60 days of opening the High Yield Savings+ account; at least one must come from the following sources: salary, pension, Social Security or other regular monthly income deposited to your new FreeStyle Checking account by your employer or outside agency via ACH; Limited Time Offer. NEW CUSTOMER ONLY. NEW MONEY REQUIRED. All annual percentage yields (APYs) on interest bearing accounts subject to change at any time at our discretion and without notice. Offer only available to new deposit customers or CD-only customers or loan-only customers of the bank who open a new OceanFirst High Yield Savings+ account. New customer is defined as someone who has not had a checking or savings account with the bank within the last 12 months and must be opened with funds not currently on deposit at OceanFirst Bank. If the balance falls below $500.00 during the statement cycle, a $5 monthly balance fee will apply. $250,000 maximum funding per account. Additionally, eligibility for this offer requires that all the following conditions are met: a new FreeStyle Checking account (FreeStyle+ Checking excluded) must be opened and a minimum of two (2) qualifying recurring electronic direct deposits must post to the new FreeStyle Checking account within 60 days of opening the High Yield Savings+ account. Qualifying direct deposits must be a minimum of $5.00 and at least one must come from the following sources: salary, pension, Social Security or other regular monthly income deposited to your new FreeStyle Checking account by your employer or outside agency via ACH. OceanFirst Bank employee eligibility requires any new OceanFirst checking account and a minimum of two (2) qualifying recurring electronic direct deposits must post to the checking account within 60 days of opening the High Yield Savings+ account. If all offer requirements are not met, the account will default to earning the prevailing rate of the Statement Savings Account at that time. A $5.00 excess transaction fee will apply for each withdrawal or transfer over three (3) per statement cycle. A $5.00 paper statement fee may apply. Fees may reduce earnings. Business accounts and government accounts are not eligible.
Balance: $15,000.01 to $25,000.00
Introductory promo for new customers. Introductory Interest Rate is determined by adding 0.67% to the variable interest rate paid on the Valley Direct High Yield Savings account (the "Standard Interest Rate"). The Introductory Interest Rate, Standard Interest Rate and APY are variable and may change after the account is opened.
On balances up to $5,000, 0.50% on balances above.
Balance: $1-$49,999.99; New Money Only
Promotional APY. Balances at or below $9,999.99 do not qualify for this promotional rate and are subject to the current non-promotional interest rate applicable to this account type. At the end of the 180-day promotional period, the interest rate and APY will revert to the then-posted non-promotional rate(s) applicable to this account type. The interest rate(s) and annual percentage yield(s) are variable and may change at any time before or after the account is opened. To qualify, you must be a new personal savings client of Flagstar Bank and open a Flagstar Ready Savings account. You must make an initial minimum opening deposit of at least $1.00. To qualify for the promotional rate, you must deposit additional funds, to maintain a balance greater than or equal to $10,000 is required and must be "new money," which is defined as money that is not currently on deposit in any Flagstar Bank account; money moved from any Flagstar Bank affiliate or subsidiary account or funded from a Flagstar/affiliate loan or line of credit does not qualify. For purposes of this offer, funds from maturing certificate of deposit accounts held at Flagstar Bank will be considered eligible. The account must remain open for the full 180-day promotional period. This offer is limited to one promotion per household. If any signer on this account has previously received a savings promotion from Flagstar Bank, you are ineligible for this offer. This offer cannot be combined with any other offers or promotions. An early account closure fee may be imposed for accounts closed within 180 days. Offer subject to change or cancellation at any time without notice. Receiving this offer does not guarantee eligibility. All account applications are subject to our normal approval process. Personal accounts only. Area restrictions may apply.
- Oct 6, 20264.00%▲ from 3.75%
- Sep 18, 20263.75%first recorded
New members only; 4% APY on first $10,000 for one year; $500 minimum deposit to open
Standard variable APY. This is the rate after the 6-month boost expires.
- Oct 6, 20263.80%▼ from 4.15%
- Sep 27, 20264.15%first recorded
Balance: On balances up to $15,000
Balance: the first $15,000 on deposit in the account (average balance)
Balance: the first $15,000 on deposit in the account (average balance)
- Oct 1, 20263.75%▲ from 0.45%
- Sep 22, 20260.45%▼ from 3.75%
- Sep 14, 20263.75%first recorded
This rate will adjust to always be the midpoint of Fed Funds Target Range minus 0.25% which is currently 3.88% - 0.25% for an APY* of 3.63%. Applicable for consumers only. Fees could reduce earnings on the account. Offer may be withdrawn at any time. Debit card and checks are not available on this account. Available online only.
Balance: $100,000 - $499.999.99; Interest Compounded Daily | Posted Monthly
Balance: $1 - $49,999
Earn 1.00% APY bonus for 3 months when you refer a friend. Standard APY may change at any time before or after account is opened. Maximum balance limits apply.
- Sep 18, 20263.50%▲ from 3.40%
- Sep 14, 20263.40%first recorded
3.50% on balances up to $100,000 when linked to a qualifying checking account
Balance: $0.01 - $100,000.00
Balance: $0 - $99,999.99
Balance: $0 - $99,999.99
Balance: $1,000,000.00 and above
Balance: $50,000 +
Balances of $1-$100,000 earn 3.30% Annual Percentage Yield (APY) and $100,001-$250,000 earns from 3.30% APY to 1.80% APY. Exclusive to New Jersey residents. APYs may change daily. Fees may reduce earnings. One offer per new NJ Amboy Direct household. Offer may be modified without notice. Not available at Amboy branches.
Balance: $250,000.00-$999,999.99
Balance: $500,000 & Over; Frequency of Crediting Interest: Monthly
Balance: $150,000 and Over
Qualifications Required; Qualifying balance up to $250,000
- Oct 12, 20263.25%▲ from 0.05%
- Sep 25, 20260.05%first recorded
Balance: $10,000 or more
- Sep 18, 20263.20%▲ from 3.10%
- Sep 14, 20263.10%first recorded
- Oct 4, 20263.20%▲ from 3.14%
- Sep 14, 20263.14%first recorded
APY (Annual Percentage Yield) is variable and effective 10/6/2026.
- Oct 2, 20263.10%▲ from 3.00%
- Sep 18, 20263.00%first recorded
Balance: $250,000.00+
Balance: $1+; RELATIONSHIP: 3.10% APY
- Oct 2, 20263.10%▲ from 3.00%
- Sep 24, 20263.00%first recorded
Balance: $50,000.00-$249,999.99
Balance: $0 - $2,499.99; Blended APY; $100 minimum daily balance to avoid $10 monthly maintenance fee
Balance: $50,000.01 to $100,000.00
Balance: $5,000.01 to $10,000.00
Balance: $1.00+ (standard rate; preferred Simple Banking Program rate up to 3.55% APY)
Balance: $1 - $49,999; OPEN ONLINE
Balance: $500,000 and over
Balance: $2,500.00 - $249,999.99
Monthly Fee: $0/5.00; Best For: Savers who don't need branch access
APY* refers to Annual Percentage Yield. Interest Rate** refers to the rate paid on the account.
Balance: $25,000.00 and higher
Balance: $250,000 - $499,999.99; Frequency of Crediting Interest: Monthly
Balance: $50,000 and up
INTEREST COMPOUNDED / CREDITED: Monthly/Monthly
Balance: $1,000 - $9,999.99
Balance: $1,000 - $99,999.99
Balance: $500 - $49,999; Deposit or withdraw as needed. No monthly service fee
2.80% APY for balances of $0.01 - $4,999.99; 2.80% APY for balances of $5,000 or more.
Balance: $50,000 - $99,999.99; Interest Compounded Daily | Posted Monthly
Balance: $250,000 - $499,999.99
APY* refers to Annual Percentage Yield. Interest Rate** refers to the rate paid on the account.
Balance: $50,000 - $99,999; Deposit or withdraw as needed. No monthly service fee
Balance: $5 minimum balance to open
Balance: $0 - $10,000
Balance: From $250,000.00 and up
Balance: $25,000.00 - $49,999.99
Balance: $25,000.00 - $49,999.99
Balance: $100,000 or more
- Oct 12, 20262.50%▲ from 0.05%
- Sep 25, 20260.05%first recorded
Balance: $10,000 and above
Balance: $100,000 - $249,999.99
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.
New Jersey Savings Rate Trends
Compare local New Jersey savings rate quotes against the statewide average
Daily savings rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
New Jersey high-yield savings rates fell 0.067 points over the past 7 days to 2.309% APY, down from 2.377%.
New Jersey standard savings rates rose 0.007 points over the past 7 days to 0.755% APY, up from 0.748%.
New Jersey Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current NJ high-yield average and a Fed funds spread to project the likely rate trajectory for 2026 to 2027.
Savings account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current NJ high-yield savings average of 2.309% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit rates at banks and credit unions track policy-rate changes within 60 to 90 days. High-yield online savings rates tend to adjust faster than standard branch-based savings rates.
Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions in New Jersey.
Savings Account Earnings in New Jersey
Annual interest earnings at current NJ average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (2.309% APY) | Monthly Earnings | Standard Savings (0.755% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $115.46 / year | $9.62 | $37.73 / year | $3.14 |
| $10,000 | $230.91 / year | $19.24 | $75.45 / year | $6.29 |
| $25,000 | $577.28 / year | $48.11 | $188.63 / year | $15.72 |
| $50,000 | $1,154.55 / year | $96.21 | $377.25 / year | $31.44 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, and daily balance maintained. Rates are variable and subject to change. Source: New Jersey savings rate averages as of October 12, 2026. | ||||
About Our New Jersey Savings Rate Database
MonitorBankRates tracks 436 savings rates from 24 banks and 20 credit unions offering savings accounts to New Jersey residents, including community institutions, regional banks, and national online options. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website, no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1 to 5), and Texas Ratio, objective financial health metrics calculated from FDIC and NCUA regulatory data, so you can compare yield and institutional safety in one place.
Current top rate: Edifi Federal Credit Union offers a savings account at 7.00% APY. Use the rate table above to compare all current offers in New Jersey.
How to Find the Best Savings Rates in New Jersey
What to compare when shopping for a savings account in New Jersey
To find the best savings APYs in New Jersey, start with credit unions and online-only banks: New Jersey has 20 credit unions in our database, and they consistently offer some of the highest yields because they are member-owned nonprofits with lower overhead than traditional banks.
Always compare the APY (Annual Percentage Yield), not just the interest rate. APY reflects compounding and is the true measure of what you’ll earn. Savings accounts that compound daily earn slightly more than those compounding monthly at the same stated rate. The current NJ high-yield savings average is 2.309% but top local institutions are offering as high as 7.00%, so shopping around pays off.
Unlike a CD, savings account rates are variable. Your rate can change at any time with Federal Reserve policy. Many institutions offer elevated introductory rates that reset after a promotional period. Review your account periodically to ensure your APY remains competitive.
When a High-Yield Savings Account Makes Sense
- Emergency fund: Financial experts recommend 3 to 6 months of expenses in a liquid, FDIC-insured account. New Jersey high-yield savings rates currently average 2.309% APY, far above a typical checking account.
- Short-term savings goals (6 to 24 months): If you may need the money soon, a savings account gives you immediate access without early withdrawal penalties.
- Parking cash between investments: A high-yield savings account at New Jersey institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 44 institutions in New Jersey report savings rates to our database.
- No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.
Consider an Alternative If…
- You want a locked-in, guaranteed return New Jersey CD rates
- You want check-writing flexibility New Jersey money market rates
- You need daily transaction access New Jersey checking rates
New Jersey Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
17.2% of residents are 65 or older, in line with the national average of 17.3%. At today’s NJ high-yield savings average of 2.309%, saving 10% of the local median salary ($5,517/year) would earn an additional $127 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other New Jersey Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in New Jersey.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current NJ Avg APY | 2.309% | 0.755% | View MMA Rates | View CD Rates |
| Rate Type | Variable | Variable | Variable | Fixed for term |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Withdraw Anytime | ✓ Yes | ✓ Yes | ✓ Yes | ✗ Penalty applies |
| Check Writing | ✗ No | ✗ No | ✓ Often yes | ✗ No |
| Debit / ATM Card | Some institutions | ✗ Rarely | ✓ Often yes | ✗ No |
| Typical Min Deposit | $0 to $100 | $25 to $100 | $0 to $2,500 | $500 to $1,000 |
| Rate Risk | Variable, moves with Fed policy | Variable, moves with Fed policy | Variable, moves with Fed policy | None, locked for term |
| Best For | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Active savers wanting flexibility + check writing | Locking in a rate for a defined period |
APY data reflects New Jersey averages tracked in our database as of October 12, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for New Jersey
At NJ’s top rate of 7.00% from Edifi Federal Credit Union, a $10,000 deposit earns $700 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median New Jersey earner is roughly $13,800. At 2.309% APY, saving $1,150/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsNew Jersey’s high-yield savings average is 2.309% APY, variable and always accessible. A local CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median New Jersey earner makes $55,173/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.309% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.309% APY grows to roughly $39,466 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our New Jersey savings 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 Savings Rate Data: We aggregate savings account rates for 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 savings 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 New Jersey. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to large national institutions available to savers in NJ.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Savings Accounts in New Jersey
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in New Jersey safe?
How often do savings rates change in New Jersey?
Do I need a minimum deposit to open a savings account?
What is the difference between a Savings Account and a Money Market Account?
Are online banks better than local banks in New Jersey?
How do I open a savings account in New Jersey?
Best Savings Rates in New Jersey
- Edifi Federal Credit Union
GrowWise Savings: 7.00% APY - Apple Bank for Savings
Apple Bank SmartStart Savings Account: 5.00% APY - FourLeaf Federal Credit Union
Student Savings: 5.00% APY - Andrews Federal Credit Union
Mission Savings Account: 5.00% APY - Kinecta Federal Credit Union
High Yield Savings: 5.00% APY
New Jersey Rates & Resources
Cities in New Jersey
