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New Jersey is the 11th most populated state in the U.S. It is home to many banks, which provide a variety of online and in-person banking services. If you are looking for a high-yield savings account in New Jersey, there is a wide range of options for you to choose from.
With such a wide range of options, narrowing down your options to just one can be challenging. Start by determining your needs and preferences.
Shop around and compare the different options. Consider the annual percentage interest (APY) and the account fees. The aim is to find an account with a high-interest rate and low service charges such as monthly and withdrawal fees.
Also, review features such as the minimum account requirements, automatic deposits, and overdraft protection.
We reviewed some of the best savings accounts in New Jersey. Use our comprehensive review to make a choice that is best suited for your needs today.
UFB Direct comes with check-writing capabilities and a free ATM card with a national network of fee-free ATMs.
A Discover Online Savings Account can be a great option for the avid saver where you can take advantage of daily compounding.
This savings account is unique where you need to deposit $100 a month to get the highest APY. If you don't deposit $100+ a month, then you need to maintain $25,000 in the account. If you don't do either, you won't receive the higher end APY.
Quontic Bank high yield savings account provides you with the opportunity to accrue interest at a rate 15x higher than the national average. Interest compounds daily and is paid into your account every month.
This savings account will provide a flat APY regardless of your balance, and you won't worry about monthly fees. A great perk with this account is you can request a free ATM card.