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.
This is a great money market account which acts like a checking account in some aspects.
It comes with a debit card and check writing privileges but be careful not to go over the monthly limit of 6 transactions. Per transaction above the limit will be expensive, around $10 per transaction.
This money market account comes with a low intial deposit of $100 to open the account and comes with no monthly fees. Interest is compounded daily and paid monthly.
You'll earn the current APY rate regardless the amount you deposit in the account - there is no tiered system.
