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Best Money Market Accounts in New Jersey of February 2023

Mary Gilman

If you are looking for an account that provides ease of access to your funds while earning a high-interest rate, a money market account may be a great option.

New Jersey banks offer a wide range of online and traditional money market accounts. If you prefer internet banking, choose an account from a bank that has a strong online presence. One of the main advantages of a money market account is the high annual percentage yield (APY). The higher the APY, the better results you will see in the end.

Look out for accounts with a high APY and low account fees and minimum requirements. Banks can charge monthly maintenance fees or excess withdrawal fees on your account. Some banks also have minimum initial deposits and minimum balance requirements. Shop around and compare the different options fees before making a decision.

Then there’s the ease of access. Some banks may give you an option to withdraw funds using a debit/ATM card, check-writing privileges, online or mobile banking access. To protect your money in case your bank goes under, look for accounts that are FDIC-insured.

The best money market accounts in New Jersey offer high APYs, low fees, and minimum requirements, among other perks. Compare our top picks to find your match today.

Access to a debit card

0.25%

Est. APY

$0

Min. To Earn APY

Overview

Axos offers no monthly fees and no minimum balance requirement but requires $1,000 to open the account which you can take out after opening.

What we like

  • No monthly fees
  • Access to debit card
  • Access to check writing

What we don't

  • No physical branch
  • $1,000 to open account

Schedule payments with Bill Pay

1.55%

Est. APY

$0

Min. To Earn APY

Overview

Build your savings with an above-average APY.

What we like

  • No monthly fees
  • FDIC Insured
  • Bill Pay feature

What we don't

  • Online banking only
  • Excess transaction fees
  • Overdraft fee

Interest compounded daily

3.00%

Est. APY

$0

Min. To Earn APY

Overview

Quontic provides a money market account that offers a competitive interest rate, which accrues daily. Also, customers can receive a debit card for the account.  

What we like

  • Competitive interest rate
  • Interest compounded daily
  • Debit card available

What we don't

  • Transfer and withdrawal limits

Fee-free access to ATMs

3.83%

Est. APY

$0

Min. To Earn APY

Overview

UFB Money Market Account comes with a debit card (you must request it) and allows fee-free access to any ATM within the US. 

What we like

  • Access to ATMs
  • High APY
  • No minimum balance requirements
  • Compliementary debit card

What we don't

  • $5,000 minimum to avoid monthly fees
  • No physical branches