New Jersey Savings Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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The best savings rates for New Jersey include ABCO Federal Credit UnionABCO Federal Credit Union690 Beverly Rancocas Road, Willingboro, NJ 08046A+5.0 ★Texas Ratio: 2.74%Real return: +4.20%APY minus 2.8% CPI (February 2026) GrowWise Savings at 7.00% APY, Apple Bank for SavingsApple Bank for Savings99 Wood Ave S, Iselin, NJ 08830A+5.0 ★Texas Ratio: 4.67%Real return: +2.20%APY minus 2.8% CPI (February 2026) Apple Bank SmartStart Savings Account at 5.00% APY, FourLeaf Federal Credit UnionFourLeaf Federal Credit Union56 Haddonfield Rd, Cherry Hill, NJ 08002 2057A-4.9 ★Texas Ratio: 15.82%Real return: +2.20%APY minus 2.8% CPI (February 2026) Student Savings at 5.00% APY, Andrews Federal Credit UnionAndrews Federal Credit Union2200 Mount Holly Rd, Burlington, NJ 08016A5.0 ★Texas Ratio: 9.39%Real return: +2.20%APY minus 2.8% CPI (February 2026) Online Savings Account at 5.00% APY, and First Harvest Federal Credit UnionFirst Harvest Federal Credit Union227 Market St, Camden, NJ 08102A+5.0 ★Texas Ratio: 5.46%Real return: +1.45%APY minus 2.8% CPI (February 2026) Business Growth Savings Account at 4.25% APY.
Use the tables below to compare savings rates across New Jersey side-by-side. New Jersey savings rates currently reach as high as 7.00% APY from ABCO Federal Credit Union at 690 Beverly Rancocas Road, Willingboro, NJ 08046. Rates are continually updated, so 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: September 21, 2026
Compare the Best Savings Rates in New Jersey
Balance: $0 - $1,000.00
Balance: $0.00 - $1,000.00
Balance: $.01 - 1,000.00
Balance: $15,000.01 to $25,000.00
Introductory promo for new customers. The opening deposit also must be a new money deposit, which is defined as funds from an external funding source that are not presently on deposit in any other Valley account. Introductory Interest Rate is determined by adding 0.67% to the variable interest rate paid on the Valley Direct High Yield Savings account (the "Standard Interest Rate"). The Introductory Interest Rate, Standard Interest Rate and APY are variable and may change after the account is opened.
Balance: Up to $5,000
Featured rate on first $10,000.
Promotional Rate Disclosure. Balances at or below $9,999.99 do not qualify for this promotional rate and are subject to the current non-promotional interest rate applicable to this account type. At the end of the 180-day promotional period, the interest rate and APY will revert to the then-posted non-promotional rate(s) applicable to this account type. The interest rate(s) and annual percentage yield(s) are variable and may change at any time before or after the account is opened. To qualify, you must be a new personal savings client of Flagstar Bank and open a Flagstar Ready Savings account. To qualify for the promotional rate, you must deposit additional funds, to maintain a balance greater than or equal to $10,000 is required and must be "new money," which is defined as money that is not currently on deposit in any Flagstar Bank account; money moved from any Flagstar Bank affiliate or subsidiary account or funded from a Flagstar/affiliate loan or line of credit does not qualify. For purposes of this offer, funds from maturing certificate of deposit accounts held at Flagstar Bank will be considered eligible. The account must remain open for the full 180-day promotional period. This offer is limited to one promotion per household. If any signer on this account has previously received a savings promotion from Flagstar Bank, you are ineligible for this offer. This offer cannot be combined with any other offers or promotions. An early account closure fee may be imposed for accounts closed within 180 days. Offer subject to change or cancellation at any time without notice. Personal accounts only. Area restrictions may apply.
No monthly maintenance fee. Rate applies to balances up to $15,000.
Balance: the first $15,000 on deposit in the account (average balance)
Balance: $100,000 - $499.999.99; Interest Compounded Daily | Posted Monthly
Simple Banking Program
Earn an extra 1.00% APY for 3 months when you refer a friend. Maximum balance limits apply.
Balance: $150,000 +
Balance: $1,000,000.00 and above
Balance: $50,000 +
On balances up to and including $100,000, when linked checking account qualifications are met. On balances over $100,000, 0.19% on the portion of the daily balance over $100,000, resulting in a range from 3.50% to 1.85% APY depending on the account's daily balance. APYs accurate as of 07/03/2024.
Balance: $250,000.00-$999,999.99
Balance: $500,000 & Over; Frequency of Crediting Interest: Monthly
Balance: $10,000 or more
Balance: $0.01 - $250,000
Balance: $250,000.00+; This is a variable rate account. This is a tiered rate account and the interest paid is based on the amount of funds on deposit in the account. The tiers are as follows: Tier I: $0.00 - $2,499.99 will earn an APY of 0.00%; Tier II: $2,500.00 - $249,999.99 will earn an APY of 3.00%; Tier III: $250,000 and up will earn an APY of 3.10%. This offer may be withdrawn at any time without prior notification. Rate in effect at the time of account opening. Your interest and APY may change without notice. Fees can reduce earnings.
Balance: $50,000.00-$249,999.99
Balance: $50,000.01 to $100,000.00
Balance: $5,000.01 to $10,000.00
APY (Annual Percentage Yield) is variable and effective 9/18/2026. No fees. No minimums. No worries. Your balance is FDIC-insured up to the allowable limits. Unlike tiered savings accounts, Capital One's 360 Performance Savings account offers the same high-yield savings rate on your entire balance, so you earn the same great rate whether you're just starting out or have substantial savings. Interest accrues daily and compounds monthly.
Balance: $2,500.00 - $249,999.99; This is a variable rate account.
Balance: $1,000 - $4,999.99
Balance: $100,000 - $149,999.99
Balance: $25,000.00 and higher; Fees: if over $100
Annual Percentage Yield (APY) listed is available as of December 12, 2025. Current APY is subject to change after account opening at any given time without prior notice. Fees may reduce earnings on this account.
Balance: $250,000 - $499,999.99; Frequency of Crediting Interest: Monthly
Balance: $50,000 and up
Balance: $1,000 - $99,999.99
Balance: $1,000 - $99,999.99
Balance: $1,000 - $9,999.99
Balance: $50,000 - $99,999.99; Interest Compounded Daily | Posted Monthly
Balance: $250,000.00 & Greater
Balance: $1,000 - $4,999.99
$5 minimum balance to open
Balance: From $250,000.00 and up
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.
New Jersey Savings Rate Trends
Compare local New Jersey 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 0.110 points over the past 7 days to 1.968% APY, up from 1.858%.
New Jersey standard savings rates rose 0.013 points over the past 7 days to 0.814% APY, up from 0.801%.
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 2026–2027.
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 1.968% 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 60–90 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 New Jersey.
Savings Account Earnings in 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 (1.968% APY) | Monthly Earnings | Standard Savings (0.814% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $98.41 / year | $8.20 | $40.68 / year | $3.39 |
| $10,000 | $196.82 / year | $16.40 | $81.36 / year | $6.78 |
| $25,000 | $492.05 / year | $41.00 | $203.40 / year | $16.95 |
| $50,000 | $984.10 / year | $82.01 | $406.80 / year | $33.90 |
| 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: New Jersey savings rate averages as of September 22, 2026. | ||||
About Our New Jersey Savings Rate Database
MonitorBankRates tracks 370 savings rates from 17 banks and 14 credit unions offering savings accounts to New Jersey residents, including community institutions, regional banks, and national online options. 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 (1–5), 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: ABCO Federal Credit Union offers a savings account at 7.00% APY. Use the rate table above to compare all current offers in New Jersey.
How to Find the Best Savings Rates in New Jersey
What to compare when shopping for a savings account in New Jersey
To find the best savings APYs in New Jersey, start with credit unions and online-only banks: New Jersey has 14 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 1.968% but top local institutions are offering as high as 7.00%, 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 3–6 months of expenses in a liquid, FDIC-insured account. New Jersey high-yield savings rates currently average 1.968% APY, far above a typical checking account.
- Short-term savings goals (6–24 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 New Jersey institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 31 institutions in 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 → New Jersey CD rates
- You want check-writing flexibility → New Jersey money market rates
- You need daily transaction access → New Jersey checking rates
New Jersey Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
17.2% of residents are 65 or older, in line with the national average of 17.3%. At today’s NJ high-yield savings average of 1.968%, saving 10% of the local median salary ($5,517/year) would earn an additional $109 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other New Jersey Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in New Jersey.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current NJ Avg APY | 1.968% | 0.814% | 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 – $100 | $25 – $100 | $0 – $2,500 | $500 – $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 New Jersey averages tracked in our database as of September 22, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for New Jersey
At NJ’s top rate of 7.00% from ABCO Federal Credit Union, a $10,000 deposit earns $700 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median New Jersey earner is roughly $13,800. At 1.968% APY, saving $1,150/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 1.968% 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 New Jersey earner makes $55,173/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 1.968% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.968% APY grows to roughly $36,918 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 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 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)?
Are savings accounts in New Jersey safe?
How often do savings rates change in 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 New Jersey?
How do I open a savings account in New Jersey?
Best Savings Rates in New Jersey
- ABCO Federal Credit Union
GrowWise Savings: 7.00% APY - Apple Bank for Savings
Apple Bank SmartStart Savings Account: 5.00% APY - FourLeaf Federal Credit Union
Student Savings: 5.00% APY - Andrews Federal Credit Union
Online Savings Account: 5.00% APY - First Harvest Federal Credit Union
Business Growth Savings Account: 4.25% APY
New Jersey Rates & Resources
Cities in New Jersey
