Union, New Jersey Savings Rates - October 2026
Brian McKay
Brian McKay
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Union, New Jersey savings account rates range from 0.01% to 7.00% APY, verified by MonitorBankRates as of October 19, 2026. The best savings rates for Union, New Jersey and the surrounding area include OpenbankOpenbank324 Chestnut St, Union, NJ 07083A5.0 ★Texas Ratio: 8.00%Real return: +1.55%APY minus 2.8% CPI (February 2026) High Yield Savings Boost at 4.35% APY, ValleyDirectValleyDirect2784 Morris Ave, Union, NJ 07083A+5.0 ★Texas Ratio: 5.76%Real return: +1.20%APY minus 2.8% CPI (February 2026) High Yield Savings Account at 4.00% APY, Flagstar Bank, National AssociationFlagstar Bank, National Association1000 Pine Ave, Union, NJ 07083D3.3 ★Texas Ratio: 35.11%Real return: +1.20%APY minus 2.8% CPI (February 2026) Flagstar Ready Savings at 4.00% APY, Unity BankUnity Bank945 Stuyvesant Ave, Union, NJ 07083A5.0 ★Texas Ratio: 9.27%Real return: +0.95%APY minus 2.8% CPI (February 2026) Consumer High Yield eSavings (In Branch Only) at 3.75% APY, and The Atlantic Federal Credit UnionThe Atlantic Federal Credit Union1331 Magie Ave, Union, NJ 07083B+4.7 ★Texas Ratio: 18.92%Real return: +0.70%APY minus 2.8% CPI (February 2026) Business Ultra Savings at 3.50% APY.
Union has 52 local institutions in our database, with savings rates as high as 4.35% APY from Openbank at 324 Chestnut St, Union, NJ 07083. Use the table below to compare all available offers, including options from institutions serving the broader New Jersey area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Union, New Jersey and the surrounding area. Last Updated and Verified: October 19, 2026
Compare the Best Savings Rates in Union, New Jersey & Surrounding Communities
Boosted APY: 4.00% standard variable APY + 0.35% APY boost for 6 months, for new customers; after 6 months the rate reverts to the standard variable APY; Personal accounts only; Available in select markets; Rate based on residential ZIP code entered at application
Term: 12 months introductory promotion; New customer introductory promo; must be a new Valley National Bank customer; introductory rate is standard rate plus 0.67% for one year; online only
Balance: $10,000.00 and over; Promotional APY for the first 180 days after account opening; new money required; balances at or below $9,999.99 earn the non-promotional rate; Personal accounts only; Early account closure fee may apply within 180 days
- Oct 14, 20264.00%▲ from 3.75%
- Sep 14, 20263.75%first recorded
Standard Variable APY; variable rate subject to change at Openbank's discretion without notice; Personal accounts only; Available in select markets; Rate based on residential ZIP code entered at application
- Oct 19, 20264.00%▲ from 3.80%
- Oct 6, 20263.80%▼ from 4.15%
- Sep 27, 20264.15%first recorded
Balance: $150,000 +; Account must be opened at a branch office; Savings account offered with eStatements only; APY guaranteed for 90 days from account opening; $10 monthly service charge if daily balance falls below $100
Balance: $0 - $99,999.99; Blended APY; Limit of one Ultra Savings account per tax identification number; $100,000 minimum daily balance to avoid $100 monthly maintenance fee
Balance: $0 - $99,999.99
Balance: $25,000 or more; Rates for New Savings Customers; Earn 3.25% APY as a new Wells Fargo savings customer; California Bay Area counties branches only
- Oct 14, 20263.25%▲ from 0.05%
- Oct 7, 20260.05%▲ from 0.01%
- Sep 14, 20260.01%first recorded
Balance: $1,000,000 & Above; Account must be opened at a Unity Bank branch; New money only; Offers apply to business accounts only; eStatement enrollment required
Balance: $100,000 - $149,999.99; Account must be opened at a branch office; Savings account offered with eStatements only; APY guaranteed for 90 days from account opening; $10 monthly service charge if daily balance falls below $100
APY is variable and effective 10/14/2026; No fees; No minimums
- Oct 2, 20263.10%▲ from 3.00%
- Sep 18, 20263.00%first recorded
Balance: $250,000.00 and over; Tier III; Variable rate account; Tiered rate account; Rate in effect at time of account opening
Balance: $0 - $2,499.99
Balance: $2,500.00 - $249,999.99; Tier II; Variable rate account; Tiered rate account; Rate in effect at time of account opening
Balance: $0.01 - $4,999.99; Variable APY, subject to change without notice
Balance: $50,000 - $99,999.99; Account must be opened at a branch office; Savings account offered with eStatements only; APY guaranteed for 90 days from account opening; $10 monthly service charge if daily balance falls below $100
Balance: $25,000.00 - $49,999.99
Balance: $25,000.00 - $49,999.99
Balance: $250,000 - $999,999.99; Account must be opened at a Unity Bank branch; New money only; Offers apply to business accounts only; eStatement enrollment required
Balance: $10,000 - $49,999.99; Account must be opened at a branch office; Savings account offered with eStatements only; APY guaranteed for 90 days from account opening; $10 monthly service charge if daily balance falls below $100
Balance: $25,000 - $249,999.99; Account must be opened at a Unity Bank branch; New money only; Offers apply to business accounts only; eStatement enrollment required
Balance: $50,000 - $99,999.99
Balance: $1 or more; Customer must be under 18 years of age to qualify
Balance: $25,000 or more
Balance: $10,000.00 - $24,999.99
Balance: $10,000.00 - $24,999.99
Balance: $0 - $24,999.99; Account must be opened at a Unity Bank branch; New money only; Offers apply to business accounts only; eStatement enrollment required
Balance: $00.01 - $9,999.99; Account must be opened at a branch office; Savings account offered with eStatements only; APY guaranteed for 90 days from account opening; $10 monthly service charge if daily balance falls below $100
Balance: $500,000 + up; Rates effective as of 12/8/2025; eSavings rates available for new online accounts only
Balance: $25,000 - $49,999.99
Balance: $100 - $24,999.99
Balance: $250,000 - $499,999.99; Rates effective as of 12/8/2025; eSavings rates available for new online accounts only
Balance: $0.01 - $19,999.99
Balance: $20,000 - $99,999.99; Rates effective as of 12/8/2025; eSavings rates available for new online accounts only
Balance: $20,000 - $99,999.99
Balance: $5,000 - $24,999.99
Balance: $1,000 or more; IRA: Traditional & Roth
When linked to Premier Checking; Balance: $0 or more; California Bay Area counties branches only
Balance: $100 - $19,999.99; Rates effective as of 12/8/2025; eSavings rates available for new online accounts only
Balance: $100 - $19,999.99
Balance: $25.00 + up
Balance: $100 - $4,999.99
Balance: $100 - $999.99; IRA: Traditional & Roth
If your balance falls below $300 on any day of the month you will be charged a $3.00 minimum balance fee. The minimum daily balance to earn the stated APY is $300. Fees could reduce earnings on this account. See fee schedule for details.
- Sep 27, 20260.05%▼ from 0.15%
- Sep 24, 20260.15%▲ from 0.05%
- Sep 14, 20260.05%first recorded
When linked to Prime Checking; Balance: $0 or more; California Bay Area counties branches only
Balance: $0 - $9,999.99
Balance: $0 - $9,999.99
Balance: $1,000,000.00 and above
- Oct 15, 20260.01%▼ from 3.50%
- Sep 25, 20263.50%first recorded
Balance: Less than $2,500; Dividend Rate; APY*: Annual Percentage Yield
Balance: $2,500 to less than $25,000
Balance: $0 - $1,000.00
Balance: $0.00 - $1,000.00; Variable rate tiered account; no maximum balance
Balance: $.01 - 5,000.00; Qualifying balance up to $5,000.00; Online or mobile banking only
Balance: $0 - $499.99; Deposit or withdraw as needed; No monthly service fee
Balance: $0 - $499.99
Balance: $15,000.01 to $25,000.00
Balance Requirements: Up to $5,000; For new members ages 17 and under only. APY earned on balances up to $5,000. The balance amount over $5,000 will earn the current Youth Savings APY
New member promotion; featured rate on first $10,000 for one year; Balance: $0.00 - $10,000.00
Balance: up to $15,000; No monthly maintenance fee
Balance: the first $15,000 on deposit in the account (average balance); Dividend on the first $15k based on the higher rate
Balance: $10,000.00 and over; APY for balances $10,000 and greater; Maximum deposit amount $1,000,000; Limit one High Yield Savings Account per member; $10 monthly service fee waived if daily balance is $10,000 or more; Three withdrawals per monthly statement cycle, $25 fee for each additional withdrawal
- Sep 18, 20263.20%▲ from 3.10%
- Sep 14, 20263.10%first recorded
Minimum balance of $5,000 required to open the account and earn the advertised APY; dividends compounded daily and credited monthly
- Oct 4, 20263.20%▲ from 3.14%
- Sep 14, 20263.14%first recorded
Balance: $0.01 - $250,000; Tiered variable rate; Dividends compounded and credited monthly; Membership required; No minimum balance to open or maintain
Balance: $50,000.01 to $100,000.00
Balance: $5,000.01 to $10,000.00
Balance: $500,000 and over
Ages 14 to 17; Balance: $0; Dividends compounded and credited quarterly
Balance: $1,000 - $99,999.99; $500 minimum to open; must be opened at a First Harvest branch
Balance: $1,000 - $99,999.99; Offer valid for funds not currently on deposit with First Harvest; may qualify with $5,000 or more in new money
Balance: $500 - $49,999; Deposit or withdraw as needed; No monthly service fee
Balance: $500 - $49,999
Balance: $250,000 - $499,999.99
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.
Union, NJ Savings Rate Trends
Compare local Union, NJ 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 rose 0.412 points over the past 7 days to 2.750% APY, up from 2.338%.
New Jersey standard savings rates rose 0.004 points over the past 7 days to 0.760% APY, up from 0.756%.
Union, 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 2.750% 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 Union, New Jersey.
Savings Account Earnings in Union, 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 (2.750% APY) | Monthly Earnings | Standard Savings (0.760% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $137.48 / year | $11.46 | $37.98 / year | $3.16 |
| $10,000 | $274.97 / year | $22.91 | $75.96 / year | $6.33 |
| $25,000 | $687.43 / year | $57.29 | $189.90 / year | $15.83 |
| $50,000 | $1,374.85 / year | $114.57 | $379.80 / year | $31.65 |
| 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: Union, New Jersey savings rate averages as of October 19, 2026. | ||||
About Our Union, New Jersey Savings Rate Database
MonitorBankRates found 12 institutions with branches in Union (10 banks, 2 credit unions), plus 13 additional state-chartered and national online institutions available to Union residents. 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: Openbank offers a savings account at 4.35% APY with a minimum deposit of $500. Use the rate table above to compare all current offers in Union, New Jersey.
How to Find the Best Savings Rates in Union, New Jersey
What to compare when shopping for a savings account in Union, New Jersey
To find the best savings APYs in Union, New Jersey, start with credit unions and online-only banks: Union, New Jersey has 15 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 2.750% but top local institutions are offering as high as 4.35%, 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. Union, New Jersey high-yield savings rates currently average 2.750% 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 Union, New Jersey institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 25 institutions in Union, 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 Union, New Jersey CD rates
- You want check-writing flexibility Union, New Jersey money market rates
- You need daily transaction access Union, New Jersey checking rates
Union, New Jersey Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
12.6% of residents are 65 or older, below the national average of 17.3%; an unemployment rate of 9.4% (vs. 4.8% nationally) underscores the value of keeping liquid emergency savings. At today’s NJ high-yield savings average of 2.750%, saving 10% of the local median salary ($3,504/year) would earn an additional $96 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Union, New Jersey Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Union, New Jersey.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current NJ Avg APY | 2.750% | 0.760% | 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 Union, New Jersey averages tracked in our database as of October 19, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Union, New Jersey
At NJ’s top rate of 4.35% from Openbank, a $10,000 deposit earns $435 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Union, New Jersey earner is roughly $8,800. At 2.750% APY, saving $730/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 2.750% 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 Union, New Jersey earner makes $35,041/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.750% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.750% APY grows to roughly $43,008 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 Union, 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 Union, 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 Union, 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 Union, New Jersey
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Union, New Jersey safe?
How often do savings rates change in Union, 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 Union, New Jersey?
How do I open a savings account in Union, New Jersey?
Best Savings Rates in Union, New Jersey
- Openbank
High Yield Savings Boost: 4.35% APY - ValleyDirect
High Yield Savings Account: 4.00% APY - Flagstar Bank, National Association
Flagstar Ready Savings: 4.00% APY - Unity Bank
Consumer High Yield eSavings (In Branch Only): 3.75% APY - The Atlantic Federal Credit Union
Business Ultra Savings: 3.50% APY
Union, New Jersey Rates & Resources
