Best Money Market Rates in Somerset, New Jersey - July 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current Somerset, New Jersey and the surrounding area money market deposit account rates include Citizens BankCitizens Bank151 Pierce St, Somerset, NJ 08873A5.0 ★Texas Ratio: 8.28% Citizens Private Client Money Market at 3.50% APY, Regal BankRegal Bank408 Elizabeth Ave Ste B, Somerset, NJ 08873A+5.0 ★ Premium Money Market at 3.35% APY, Somerset Savings BankSomerset Savings Bank464 Elizabeth Ave, Somerset, NJ 08873A+5.0 ★Texas Ratio: 0.07% Premium Money Market at 3.35% APY, PSE Federal Credit UnionPSE Federal Credit Union472 Weston Canal Rd, Somerset, NJ 08873A5.0 ★Texas Ratio: 8.48% Money Markets at 1.70% APY, and Unity BankUnity Bank120 Cedar Grove Ln, Somerset, NJ 08873A5.0 ★Texas Ratio: 7.29% Money Market IRA at 0.15% APY. Money market rates as of July 12, 2026 according to verified data from MonitorBankRates.
Somerset has 5 local institutions in our database, with money market rates as high as 3.50% APY from Citizens Bank at 151 Pierce St, Somerset, NJ 08873. Use the table below to compare all available offers, including options from institutions serving the broader New Jersey area. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Somerset, New Jersey and surrounding area. Last Updated and Verified: July 12, 2026
Compare the Best Money Market Rates Today in Somerset, New Jersey & the Surrounding Area
Preferred rates; Must have a Citizens Private Client® Checking account; A minimum of $25,000 of new money is required to qualify for preferred rates.
Preferred rates; Requires a Citizens Quest® Checking account; A minimum of $25,000 of new money is required to qualify for preferred rates.
A higher balance means a better rate--plus check-writing privileges AND no fees.
A higher balance means a better rate--plus check-writing privileges AND no fees.
Annual Percentage Yield
Standard rates; Must have a Citizens Private Client® Checking account.
Standard rates; Requires a Citizens Quest® Checking account.
Standard rates; Monthly maintenance fees $0 or $10; Keep a minimum daily balance of at least $2,500 to waive the fee.
Eligible clients can open a new Truist Business Money Market Account and earn up to 4.00% annual percentage yield (APY) for balances between $5,000 - $4,999,999.99.
New Money Only
As High As
For a deposit balance of $50,000 or greater
Apple Choice Banking Program
For a deposit balance up to $49,999.99
Tiered and Variable Rate. $20.00 minimum balance fee will apply if average daily balance falls below $100,000.00
As Low As
Tiered and Variable Rate. $20.00 minimum balance fee will apply if average daily balance falls below $100,000.00
New money only. Variable rate product. Daily balances at or below $24,999.99 earn an APY of 1.50%. No check writing privileges.
As High As
Tier 5: If your daily balance is $500,000.00 or more you will earn an interest rate of 3.06% with a 3.10% APY. No monthly maintenance fees. Easy transfers. No charge for mobile banking, online banking & eStatements.
Tiered and Variable Rate. $20.00 minimum balance fee will apply if average daily balance falls below $100,000.00
2 free withdrawals monthly; Money Market Plus accounts are only available for new money, or funds that have not been on deposit with 1166 Federal Credit Union in the last 30 days.
Annual Percentage Yield (APY) is effective as of July 11, 2026 on balances of $100,000 or greater and is subject to change. Other tiers and APYs that are subject to change at any time are as follows: $0.01 - $9,999.99 = 0.03%, $10,000 - $24,999.99 = 1.50%, $25,000 - $49,999.99 = 1.75%, $50,000 - $99,999.99 = 2.00% and $100,000+ = 3.00%. Fees assessed to accounts may reduce earnings. Personal Accounts only.
Tiered rates.
Special APY requires $50,000 minimum balance.
Rates subject to change. Click for details.
Tier Two
For daily balances of $0.01 to $49,999.99, the APY* is 1.50%. For daily balances of $50,000 or more, the APY* is 3.00%. New money only.
Balance requirement of $50,000**
Minimum Daily Balances $100,000.00 or more; Monthly Service Charge: $15.00
$500,000 and above
Tier 4: If your daily balance is $250,000.00 up to $499,999.99 you will earn an interest rate of 2.81% with a 2.85% APY. No monthly maintenance fees. Easy transfers. No charge for mobile banking, online banking & eStatements.
Projected Rates for February 2026. Rate is not guaranteed.
Tiered rates.
If unable to maintain a daily balance of $25,000.00, a $15.00 monthly maintenance fee will be imposed. Minimum deposit to open Business Relationship Money Market account is $1,000.00. If unable to maintain a daily balance of $50,000.00, a $15.00 monthly maintenance fee will be imposed. Interest rates are subject to change at any time without prior notice before or after the account is opened. Fees may reduce earnings on this account. Some restrictions apply.
Balance: $1,000,000 & Over
Tiered rates.
Projected Rates for February 2026. Rate is not guaranteed.
$250,000
Projected Rates for February 2026. Rate is not guaranteed.
$100,000 - $249,999
APY for balances of $25,000 - $9,999,999
Tiered rates.
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.
Somerset, NJ Money Market Rate Trends
Compare local Somerset, NJ money market quotes against the statewide average
Daily money market rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
New Jersey high-yield MMA rates fell 0.042 points over the past 7 days to 3.233% APY.
New Jersey standard MMA rates fell 0.099 points over the past 7 days to 0.620% APY.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Somerset, New Jersey money market 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 Money Market Rate Data: We aggregate money market deposit account rates for Somerset, 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 money market 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 Somerset, New Jersey. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in NJ.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update money market rates daily. Because MMA yields can fluctuate rapidly based on market conditions, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Money Market Accounts in Somerset, New Jersey
What is a Money Market Account (MMA)?
Are Money Market accounts in Somerset, New Jersey safe?
How often do MMA rates change in Somerset, New Jersey?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Somerset, New Jersey?
Best Money Market Rates in Somerset, New Jersey
- Citizens Bank
Citizens Private Client Money Market — 3.50% APY - Regal Bank
Premium Money Market — 3.35% APY - Somerset Savings Bank
Premium Money Market — 3.35% APY - PSE Federal Credit Union
Money Markets — 1.70% APY - Unity Bank
Money Market IRA — 0.15% APY
