Today’s Highest Savings Rates/Money Market Rates in New Jersey

The highest money market rates and savings account rates right on our interest rates list for New Jersey are many times higher than the Federal Deposit Insurance Corporation national average rates. In the Weekly Rates and Rate Cap Survey released by the FDIC this week, average savings account rates are at 0.08 percent for account balances above and below $100,000. The FDIC's average money market rate is at 0.12 percent and the average jumbo money market account rate is at 0.18 percent.

The best savings rate on our rate list for New Jersey is from CIT Bank at 1.04 percent with an APY of 1.05 percent. To earn that rate and yield you must deposit a minimum of $25,000. CIT Bank is also offering a rate of 0.90 percent with an APY of 0.90 percent for account balances of $1,000 to $24,999.99. Here is a list of the top savings rate on our rate list:

Best New Jersey Savings Rates

  • CIT Bank Savings Interest Rates 1.04% APY 1.05%

  • Barclays Bank Savings Interest Rates 1.00% APY 1.00%

  • Ally Bank Savings Interest Rates 0.95% APY 0.95%

  • American Express Savings Interest Rates 0.90% APY 0.90%

  • Colorado Federal Savings Bank Interest Rates 0.85% APY 0.85%

  • Discover Bank Interest Rates 0.80% APY 0.80%

The best money market account rates on our New Jersey rate list are from Sallie Mae Bank money market rates and Union Federal Savings Bank. Both banks are offering money market rates at 1.04 percent with an APY of 1.05 percent. The minimum opening deposit for a money market account at Sallie Mae Bank is $0 and Union FSB has a minimum opening balance of $2,500. Here are the highest money market rates in New Jersey this week:

  • Sallie Mae Bank Money Market Account Rates 1.04% APY 1.05%

  • Union Federal Savings Bank Money Market Interest Rates 1.04% APY 1.05%

  • EverBank Money Market Account APY 1.01%

  • Able Banking Money Market Account Rates 0.96% APY 0.96%

  • Ally Bank Money Market Account Rates 0.95% APY 0.95%

  • MetLife Bank Money Account Rates 0.85% APY 0.85%

Author: Lisa Graham
October 24th, 2012
Posted in: Savings Accounts