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Best Savings Accounts in New Jersey of August 2022

Victoria Daniel

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.

Earn 19x higher than the national average

$0

Min. To Earn APY

1.90%

Est. APY

Overview

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.

What we like

  • No monthly fees
  • FDIC Insured
  • No minimum balance fees
  • Online banking

What we don't

  • Minimum opening deposit
  • No ATM access
  • Tiered APY

Track your savings through online banking or the mobile app

$0

Min. To Earn APY

1.85%

Est. APY

Overview

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.

What we like

  • Mobile and online banking
  • Competitive interest rate
  • No monthly service fees
  • Interest compounded daily

What we don't

  • Limited access to physical branches
  • No sign up bonus
  • $100 minimum deposit requirement

No monthly, minimum, and overdraft fees

$0

Min. To Earn APY

0.61%

Est. APY

Overview

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.

What we like

  • No monthly fees
  • Interest compounded daily
  • Free ATM card

What we don't

  • No physical branch
  • No sign up bonus

Provides access to money management tools

$0

Min. To Earn APY

0.03%

Est. APY

Overview

First Citizen Bank savings account is an online account that charges no monthly fees, but you need to make a minimum deposit of $50 to open this account.

What we like

  • Mobile and online banking
  • Money management tools
  • No monthly service fees
  • ATM card available
  • FDIC Insured

What we don't

  • Limited no-fee withdrawals
  • High wire transfer fee