New Jersey (NJ) Savings Rates - April 2026
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Editorial Disclosure
The savings rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
The best savings rates for New Jersey include Apple Bank for SavingsApple Bank for Savings99 Wood Ave S, Iselin, NJ 08830A+5.0 ★Texas Ratio: 1.54% Apple Bank SmartStart Savings Account at 5.00% APY, Andrews Federal Credit UnionAndrews Federal Credit Union2200 Mount Holly Rd, Burlington, NJ 08016A5.0 ★Texas Ratio: 11.92% Online Savings Account at 5.00% APY, FourLeaf Federal Credit UnionFourLeaf Federal Credit Union56 Haddonfield Rd, Cherry Hill, NJ 08002 2057A-4.9 ★Texas Ratio: 15.85% Student Savings at 5.00% APY, Ukrainian Selfreliance Federal Credit UnionUkrainian Selfreliance Federal Credit Union477 Jeremiah Ave, Trenton, NJ 08610A+5.0 ★Texas Ratio: 1.47% IRA Savings at 4.08% APY, and Healthcare Employees Federal Credit UnionHealthcare Employees Federal Credit Union29 Emmons Dr Ste C40, Princeton, NJ 08540 5971A+5.0 ★Texas Ratio: 1.92% Healthy Savings at 4.07% APY. Savings rates as of April 4, 2026 according to verified data from MonitorBankRates.
To see how these savings rates in New Jersey compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in New Jersey (NJ) are continually updated — 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: April 4, 2026
Compare the Best Savings Rates in New Jersey
Source: Verified Savings Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Apple Bank for Savings
Institution Rating:
A+5.0 ★Texas Ratio: 1.54%
99 Wood Ave S, Iselin, NJ 08830
Apple Bank SmartStart Savings Account
5.00%
$0
▼
Rate4.88%
Min Deposit$0
Min Balance—
UpdatedApr 4, 2026
Details
Qualifying balance up to $10,000.00
Apple Bank for Savings
Institution Rating:
A+5.0 ★Texas Ratio: 1.54%
99 Wood Ave S, Iselin, NJ 08830
SmartStart Savings for Youth
5.00%
$1
▼
Rate4.88%
Min Deposit$1
Min Balance—
UpdatedApr 4, 2026
Details
Qualifying balance up to $10,000.00
Andrews Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 11.92%
2200 Mount Holly Rd, Burlington, NJ 08016
Online Savings Account
5.00%
$0
▼
Rate4.89%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Qualifying balance up to $1,000.00
Apple Bank for Savings
Institution Rating:
A+5.0 ★Texas Ratio: 1.54%
99 Wood Ave S, Iselin, NJ 08830
SmartStart Banking & Savings
5.00%
$1
▼
Rate0.00%
Min Deposit$1
Min Balance—
UpdatedApr 4, 2026
Details
Qualifying balance up to $10,000.00
FourLeaf Federal Credit Union
Institution Rating:
A-4.9 ★Texas Ratio: 15.85%
56 Haddonfield Rd, Cherry Hill, NJ 08002 2057
Student Savings
5.00%
$0
▼
Rate4.91%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Balances $0.00 - $1,000.00
Apple Bank for Savings
Institution Rating:
A+5.0 ★Texas Ratio: 1.54%
99 Wood Ave S, Iselin, NJ 08830
SmartStart Savings for Young Adults
5.00%
$1
▼
Rate4.88%
Min Deposit$1
Min Balance—
UpdatedApr 4, 2026
Details
Qualifying balance up to $10,000.00
Apple Bank for Savings
Institution Rating:
A+5.0 ★Texas Ratio: 1.54%
99 Wood Ave S, Iselin, NJ 08830
SmartStart Savings & Banking
5.00%
$1
▼
Rate0.00%
Min Deposit$1
Min Balance—
UpdatedApr 4, 2026
Details
Qualifying balance up to $10,000.00
Apple Bank for Savings
Institution Rating:
A+5.0 ★Texas Ratio: 1.54%
99 Wood Ave S, Iselin, NJ 08830
SmartStart Savings for Teens
5.00%
$1
▼
Rate0.00%
Min Deposit$1
Min Balance—
UpdatedApr 4, 2026
Details
Qualifying balance up to $10,000.00
Apple Bank for Savings
Institution Rating:
A+5.0 ★Texas Ratio: 1.54%
99 Wood Ave S, Iselin, NJ 08830
SmartStart Savings
5.00%
$1
▼
Rate0.00%
Min Deposit$1
Min Balance—
UpdatedApr 4, 2026
Details
Qualifying balance up to $10,000
Ukrainian Selfreliance Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.47%
477 Jeremiah Ave, Trenton, NJ 08610
IRA Savings
4.08%
$0
▼
Rate4.00%
Min Deposit$0
Min Balance—
UpdatedMar 29, 2026
Details
Healthcare Employees Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.92%
29 Emmons Dr Ste C40, Princeton, NJ 08540 5971
Healthy Savings
4.07%
$0
▼
Rate4.00%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Greater Alliance Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 13.52%
40 W Century Rd, Paramus, NJ 07652 1454
Greater Alliance Promotional Savings Account
4.00%
$500
▼
Rate0.00%
Min Deposit$500
Min Balance—
UpdatedApr 4, 2026
Details
on your first $10,000 for one year!
Apple Bank for Savings
Institution Rating:
A+5.0 ★Texas Ratio: 1.54%
99 Wood Ave S, Iselin, NJ 08830
Savings Account
4.00%
$0
▼
Rate3.92%
Min Deposit$0
Min Balance—
UpdatedApr 4, 2026
Details
First Atlantic Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.55%
468 INDUSTRIAL WAY W, EATONTOWN, NJ 07724 2210
Head Start Youth Savings
4.00%
$0
▼
Rate3.93%
Min Deposit$0
Min Balance—
UpdatedApr 4, 2026
Details
Qualifying balance up to $5,000.00
Monroe Savings Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.22%
114 S Main St, Williamstown, NJ 08094
Advantage Savings
4.00%
$0
▼
Rate3.92%
Min Deposit$0
Min Balance—
UpdatedApr 4, 2026
Details
Qualifying balance up to $5,000.00
Apple Bank for Savings
Institution Rating:
A+5.0 ★Texas Ratio: 1.54%
99 Wood Ave S, Iselin, NJ 08830
My Reserve Savings Account
4.00%
$0
▼
Rate3.92%
Min Deposit$0
Min Balance—
UpdatedApr 4, 2026
Details
New Money Only
Blue Foundry Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.56%
19 Park Ave, Rutherford, NJ 07070
Blue Axis Fusion®Savings
3.85%
$5
▼
Rate3.78%
Min Deposit$5
Min Balance—
UpdatedApr 3, 2026
Details
Blue Foundry Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.56%
19 Park Ave, Rutherford, NJ 07070
BLUE AXIS FUSION® SAVINGS
3.85%
$5
▼
Rate3.78%
Min Deposit$5
Min Balance—
UpdatedApr 3, 2026
Details
Qualifications Required: direct deposits totaling $1,000 or more monthly; 10 (ten) or more Point-of-Sale (POS) Debit Card transactions monthly; Must open a new or have an existing Blue Axis Edge® Checking ; Must maintain direct deposits totaling $1,000 or more monthly; Must complete 10 (ten) or more Point-of-Sale (POS) Debit Card transactions monthly; Avoid a $2 monthly statement fee by enrolling in eBanking and selecting eStatements
Blue Foundry Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.56%
19 Park Ave, Rutherford, NJ 07070
BLUE AXIS EDGE ® SAVINGS
3.80%
$5
▼
Rate3.73%
Min Deposit$5
Min Balance—
UpdatedApr 3, 2026
Details
Earn $3005 when you deposit $15,000 or more in new money while earning a highly competitive blended rate.; Unlimited ATM cash withdrawal fee reimbursements worldwide2; No monthly maintenance fees; Early Pay available; Avoid a $2 monthly statement fee by enrolling in eBanking and selecting eStatements
Blue Foundry Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.56%
19 Park Ave, Rutherford, NJ 07070
Blue Axis Edge®Savings
3.80%
$5
▼
Rate3.73%
Min Deposit$5
Min Balance—
UpdatedApr 3, 2026
Details
Pinnacle Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.32%
2909 Washington Rd Ste 10, Parlin, NJ 08859
Accelerate Savings
3.75%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Qualifying balance up to $1,000.00
Royal Business Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.64%
561 Route 1, Edison, NJ 08817
New Year Flexible Savings Account
3.75%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Terms and Conditions apply.
GARDEN SAVINGS
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
129 Littleton Rd, Parsippany, NJ 07054 1869
Accelerate Savings
3.75%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 26, 2026
Details
Earns 3.75% APY2 on balances up to $15,000
Blue Foundry Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.56%
19 Park Ave, Rutherford, NJ 07070
IRA Tiered Savings
3.70%
$5
▼
Rate3.63%
Min Deposit$5
Min Balance—
UpdatedApr 3, 2026
Details
Bogota Savings Bank
Institution Rating:
A5.0 ★Texas Ratio: 10.28%
819 Teaneck Rd, Teaneck, NJ 07666
Statement Savings
3.56%
$250
▼
Rate3.50%
Min Deposit$250
Min Balance—
UpdatedApr 3, 2026
Details
Interest Compounded Daily | Posted Monthly
Apple Bank for Savings
Institution Rating:
A+5.0 ★Texas Ratio: 1.54%
99 Wood Ave S, Iselin, NJ 08830
Simple Savings Account Preferred Rate
3.55%
$0
▼
Rate3.48%
Min Deposit$0
Min Balance—
UpdatedApr 4, 2026
Details
Simple Banking Program
Apple Bank for Savings
Institution Rating:
A+5.0 ★Texas Ratio: 1.54%
99 Wood Ave S, Iselin, NJ 08830
Apple Bank Core Savings Account
3.55%
$0
▼
Rate3.48%
Min Deposit$0
Min Balance—
UpdatedApr 4, 2026
Details
1st Colonial Community Bank
Institution Rating:
A5.0 ★Texas Ratio: 9.29%
1040 Haddon Ave, Collingswood, NJ 08108
Online High Yield Savings Account
3.51%
$0
▼
Rate3.45%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
The Atlantic Federal Credit Union
Institution Rating:
B4.6 ★Texas Ratio: 19.74%
1331 Magie Ave, Union, NJ 07083
Ultra Savings
3.50%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 4, 2026
Details
Union County Savings Bank Elizabeth, NJ
Institution Rating:
A+5.0 ★
320 N Broad St, Elizabeth, NJ 07208
High Yield Savings
3.50%
$100
▼
Rate3.44%
Min Deposit$100
Min Balance—
UpdatedApr 3, 2026
Details
Unity Bank
Institution Rating:
A5.0 ★Texas Ratio: 7.29%
64 Old Highway 22, Clinton, NJ 08809
eSavings
3.50%
$1
▼
Rate0.00%
Min Deposit$1
Min Balance—
UpdatedMar 29, 2026
Details
Hanover Community Bank
Institution Rating:
A5.0 ★Texas Ratio: 7.19%
4400 Us Highway 9, Freehold, NJ 07728
Max Saver Savings
3.50%
$100
▼
Rate0.00%
Min Deposit$100
Min Balance—
UpdatedApr 2, 2026
Details
Qualifications Required; Qualifying balance up to $100,000.00
Customers Bank
Institution Rating:
A5.0 ★Texas Ratio: 8.22%
314 Route 33, Hamilton, NJ 08619
Yield Shield Savings Account
3.48%
$25,000
▼
Rate0.00%
Min Deposit$25,000
Min Balance—
UpdatedMar 25, 2026
Details
This rate will adjust to always be the midpoint of Fed Funds Target Range minus 0.15% which is currently 3.63% - 0.15% for an APY* of 3.48%. 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.
Cross River Bank
Institution Rating:
F1.0 ★Texas Ratio: 85.67%
2115 Linwood Ave, Fort Lee, NJ 07024
I Connect/E Connect Tiered Savings
3.40%
$0
▼
Rate3.34%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
USALLIANCE
Institution Rating:
B4.5 ★Texas Ratio: 21.07%
1 Corporate Dr, Wayne, NJ 07470 3112
High Dividend Savings
3.30%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 29, 2026
Details
Andrews Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 11.92%
2200 Mount Holly Rd, Burlington, NJ 08016
High Yield Savings Account
3.25%
$0
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Affinity Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.16%
73 Mountainview Blvd, Basking Ridge, NJ 07920 3849
Savings
3.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 4, 2026
Details
As High As
Affinity Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.16%
73 Mountainview Blvd, Basking Ridge, NJ 07920 3849
Performance Savings
3.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 4, 2026
Details
Qualifications Required; Qualifying balance up to $250,000
Woori America Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.51%
2053 Lemoine Ave, Fort Lee, NJ 07024
WooriWON Savings
3.25%
$100
▼
Rate0.00%
Min Deposit$100
Min Balance—
UpdatedMar 29, 2026
Details
$5 monthly maintenance fee waived when average daily balance requirement is met; Optional internet banking access at no additional cost; Manage your savings effortlessly from your smartphone or computer, with 24/7 online access; Move funds smoothly between accounts and automate your savings goals for effortless financial growth; Online Only
Cross River Bank
Institution Rating:
F1.0 ★Texas Ratio: 85.67%
2115 Linwood Ave, Fort Lee, NJ 07024
I Connect/E Connect Tiered Savings
3.25%
$0
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
PNC Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.83%
110 N Broadway, Camden, NJ 08102
PNC High Yield Savings®
3.25%
$0
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Ukrainian Selfreliance Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.47%
477 Jeremiah Ave, Trenton, NJ 08610
High Yield Savings
3.20%
$0
▼
Rate3.15%
Min Deposit$0
Min Balance—
UpdatedMar 29, 2026
Details
Self Reliance NY Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.12%
477 Jeremiah Ave, Trenton, NJ 08610
High Yield Savings
3.20%
$0
▼
Rate3.15%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
American Heritage Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.69%
100 Haddonfield Rd, Cherry Hill, NJ 08002 4402
Business High-Yield Savings
3.10%
$10,000
▼
Rate0.00%
Min Deposit$10,000
Min Balance—
UpdatedMar 25, 2026
Details
Qualifying balance up to $1,000,000
American Heritage Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.69%
100 Haddonfield Rd, Cherry Hill, NJ 08002 4402
High-Yield Savings2
3.10%
$0
▼
Rate3.06%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Healthcare Employees Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.92%
29 Emmons Dr Ste C40, Princeton, NJ 08540 5971
Healthy Savings
3.04%
$0
▼
Rate3.00%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Healthcare Employees Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.92%
29 Emmons Dr Ste C40, Princeton, NJ 08540 5971
Wellness Savings
3.04%
$0
▼
Rate3.00%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Financial Resources Federal Credit Union
Institution Rating:
B-4.3 ★Texas Ratio: 23.26%
67 Church St, Flemington, NJ 08822
Youth Savings
3.03%
$0
▼
Rate3.00%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Financial Resources Federal Credit Union
Institution Rating:
B-4.3 ★Texas Ratio: 23.26%
67 Church St, Flemington, NJ 08822
Ultra Purple Savings
3.03%
$0
▼
Rate3.00%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Financial Resources Federal Credit Union
Institution Rating:
B-4.3 ★Texas Ratio: 23.26%
67 Church St, Flemington, NJ 08822
Municipal Purple Savings
3.03%
$0
▼
Rate3.00%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Financial Resources Federal Credit Union
Institution Rating:
B-4.3 ★Texas Ratio: 23.26%
67 Church St, Flemington, NJ 08822
Non-Profit Purple Savings
3.03%
$0
▼
Rate3.00%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Financial Resources Federal Credit Union
Institution Rating:
B-4.3 ★Texas Ratio: 23.26%
67 Church St, Flemington, NJ 08822
Business Purple Savings
3.03%
$0
▼
Rate3.00%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Financial Resources Federal Credit Union
Institution Rating:
B-4.3 ★Texas Ratio: 23.26%
67 Church St, Flemington, NJ 08822
420 Business Purple Savings
3.03%
$0
▼
Rate3.00%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
First Harvest Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.67%
227 Market St, Camden, NJ 08102
Business Savings
3.00%
$0
▼
Rate2.97%
Min Deposit$0
Min Balance—
UpdatedMar 26, 2026
Details
$1,000 - $99,999.99
First Harvest Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.67%
227 Market St, Camden, NJ 08102
Primary Savings
3.00%
$0
▼
Rate2.97%
Min Deposit$0
Min Balance—
UpdatedMar 26, 2026
Details
$1,000 - $99,999.99
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
1 Becton Dr, Franklin Lakes, NJ 07417 1815
SafeGuard Savings, Consumer
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
1 Becton Dr, Franklin Lakes, NJ 07417 1815
SafeGuard Savings, Municipal
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Financial Resources Federal Credit Union
Institution Rating:
B-4.3 ★Texas Ratio: 23.26%
67 Church St, Flemington, NJ 08822
Ultra Purple Savings
2.78%
$0
▼
Rate2.75%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Affinity Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.16%
73 Mountainview Blvd, Basking Ridge, NJ 07920 3849
SmartStart Savings
2.75%
$5
▼
Rate2.71%
Min Deposit$5
Min Balance—
UpdatedApr 4, 2026
Details
Qualifying balance up to $10,000.00
Pentagon Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.64%
120 Windsor Center Dr, East Windsor, NJ 08520
Premium Online Savings Account
2.70%
$0
▼
Rate2.67%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
$5 minimum balance to open
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MonitorBankRates
The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice.
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.
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.
Methodology & Data Sources
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)?
A High-Yield Savings Account (HYSA) typically pays significantly higher interest than standard accounts at national brick-and-mortar banks. These accounts, often found at online banks or local credit unions in New Jersey, help your money grow faster through a higher APY.
Are savings accounts in New Jersey safe?
Yes, as long as the institution is FDIC insured (for banks) or NCUA insured (for credit unions). This provides federal protection for your deposits in New Jersey up to $250,000 per depositor, per institution.
How often do savings rates change in New Jersey?
Savings rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local New Jersey rate tables daily to ensure you see the most current high-yield options.
Do I need a minimum deposit to open a savings account?
It depends on the bank. Many online high-yield savings accounts have no minimum deposit requirement, while some traditional banks in New Jersey may require $25–$100 to open an account.
What is the difference between a Savings Account and a Money Market Account?
Both pay interest and are federally insured. Money Market Accounts (MMAs) often come with check-writing privileges or a debit card, making them more flexible, whereas standard savings accounts typically do not.
Are online banks better than local banks in New Jersey?
Online banks often offer higher APYs because they have lower overhead costs. However, local banks in New Jersey offer in-person customer service, which some customers prefer.
How do I open a savings account in New Jersey?
You can open a savings account online or in-person. You will generally need a government-issued ID, your Social Security number, and an initial deposit to get started.
Best Savings Rates in New Jersey
Here are recent savings rates observed in New Jersey:
- Apple Bank for Savings
Apple Bank SmartStart Savings Account — 5.00% APY - Andrews Federal Credit Union
Online Savings Account — 5.00% APY - FourLeaf Federal Credit Union
Student Savings — 5.00% APY - Ukrainian Selfreliance Federal Credit Union
IRA Savings — 4.08% APY - Healthcare Employees Federal Credit Union
Healthy Savings — 4.07% APY
Savings Rates reflect actual verified offers from banks and credit unions actively accepting deposits in New Jersey. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: April 4, 2026
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