Savings account rates and money market account rates are low right now and probably will stay low until the end of 2010. Since rates are so low its not easy finding a good savings rate or money market rate. 

The current national average savings account rates and money market account rates for account balances of $2,500 or more are is averaging 0.27 percent this morning. Of course you can find savings account rates and money market account rates that are better than the national average rates.

Comparing savings account rates and money market account rates? Use our rate tables at SavingsAccount.MonitorBankRates.com to compare savings rates and MMA rates from several banks and credit unions. 

We ran a search for the best savings rates and money market rates in New Jersey. Sallie Mae Bank has the highest savings account rate and savings account yields on our list in Texas. Sallie Mae’s current savings account rate is currently at 1.39 percent with an annual percentage yield (APY) of 1.40 percent. The minimum opening deposit for a Sallie Mae savings account is $1.

Discover Bank and Capital One Direct Banking are tied for second best savings account rate and savings account yield on our list in NJ. Both bank’s high yield online savings account rate is 1.34 percent with an APY of 1.35 percent.

Discover Bank has a minimum opening savings account balance of $500. Capital One Direct Banking has a minimum opening savings account balance of $2,500.

Best savings account rates and money market account rates in New Jersey (NJ)

• Sallie Mae Savings Rates 1.30% APY 1.40% Min $ 1 
• Discover Bank Savings Account Rates 1.34 APY 1.35% Min $500 
• Capital One Direct Banking Savings Account Rates 1.34 APY 1.35% Min $2500 
• American Express Bank Savings Rate 1.29% APY 1.30% Min $ 0 
• Ally Bank Savings Rates 1.28% APY 1.29% Min $ 1 
• EverBank Savings Rate 1.25 APY 1.26%  Min $ 1 
• Boiling Springs Savings Bank Account Rates 1.24% APY 1.25% Min $ 1 
• Giantbank.com Savings Rate 1.15% APY 1.16% Min $1000 
• Nationwide Bank Savings Interest Rate 1.14% APY 1.15% APY Min $2000 
• Zions Bank 1.11% APY Min $2500 
• FNBO DIRECT 1.10% APY Min $ 1 
• ING DIRECT 1.10% APY Min $ 1 
• HSBC Advance 1.10% APY Min $ 1 
• Salem Five Direct 1.10% APY Min $ 1 Must have a checking account.
• PNC Bank 1.10% APY Min $ 1 
• Flagstar Bank 1.06% APY Min $ 1 
• Kearney Federal Savings Bank 1.05% APY Min $2500 
• Allstate Bank 1.01% APY Min $100 
• OneUnited Bank 1.01% APY Min $1000 Available to Internet customers only.
• First Internet Bank of IN 1.00% APY Min $100 
• EmigrantDirect.com 1.00% APY Min $ 1 
• Hudson City Savings Bank 1.00% APY Min $2500