The Best Fixed Annuity and CD Rates in New Jersey (June 2024)

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

As you navigate the diverse financial landscape of New Jersey, understanding the best avenues for growing your savings is paramount. This comparison is your comprehensive guide to shopping and comparing the best and highest CD rates, money market rates, fixed annuity rates, and savings account interest rates throughout NJ. From the offerings of established banks and local credit unions to the convenience of online platforms, we’ll delve into various options available. We aim to help you sift through this wealth of information, equipping you with the knowledge to optimize your financial growth. With this guide, navigating Garden State’s interest rates becomes less of a chore and more of an adventure toward securing your financial future.

Best Fixed Annuity Rates In New Jersey

Fixed annuities are another low-risk investment option that can provide a steady income in retirement. With a fixed annuity, you deposit a lump sum with an insurance company, paying you a guaranteed interest rate. Here are some of the best-fixed annuity rates in NJ today:

Disclaimer: Products are subject to state availability. Please inquire below for details.

Best CD Rates In New Jersey

CDs are a low-risk investment option where you deposit a lump sum for a fixed term, usually from one month to five years. You earn a guaranteed interest rate in exchange for keeping your money with the bank for a fixed period. Here are some of the best CD rates in NJ:

3-Month CD Rates

Banks and credit unions have the highest CD rates for three months.

Best 3-Month CD RatesRateTermMinimum
Merrick Bank5.40% APY3 Months$25,000.00
Total Direct Bank5.51% APY3 Months$25,000.00
Banc of California5.34% APY3 Months$1.00

6-Month CD Rates

The following banks and credit unions have the highest CD rates for six months.

Best 6-Month CD RatesRateTermMinimum
Inova Federal Credit Union5.50% APY6 Months$200.00
My eBanc5.51% APY6 Months$50,000.00
Total Direct Bank5.51% APY6 Months$25,00.00

1-Year CD Rates

The following banks and credit unions have the highest CD rates for 12 months.

Best 12-Month CD RatesRateTermMinimum
NexBank5.40% APY12 Months$25,000.00
State Bank of Texas5.40% APY12 Months$50,000.00
My eBanc5.41% APY12 Months$50,000.00

2-Year CD Rates

Banks and credit unions have the highest CD rates for 24 months.

Best 2-Year CD RatesRateTermMinimum
Crescent Bank4.90% APY24 Months$1,000.00
Eastman Credit Union5.40% APY24 Months$100,000.00
NexBank4.80% APY24 Months$10,00.00

3-Year CD Rates

Banks and credit unions have the highest CD rates for 36 months.

Best 3-Year CD RatesRateTermMinimum
Credit Human4.65% APY36 Months$500.00
Hughes Federal Credit Union4.97% APY36 Months$99,000.00
Crescent Bank4.80% APY36 Months$1,000.00

4-Year CD Rates

The following banks and credit unions have the highest CD rates for 48 months.

Best 4-Year CD RatesRateTermMinimum
Eastman Credit Union4.65% APY48 Months$1,000.00
NexBank4.45% APY48 Months$10,000.00
Credit Human4.65% APY48 Months$500.00

5-Year CD Rates

Banks and credit unions have the highest CD rates for 60 months.

Best 5-Year CD RatesRateTermMinimum
First National Bank of America4.50% APY60 Months$1,000.00
Eastman Credit Union4.75% APY60 Months$100,000.00
Virginia Credit Union4.48% APY60 Months$100,000.00
Best And Highest Cd, Annuity, Savings, Money Market Rates In New Jersey (Nj)

Next Steps

In conclusion, certificates of deposits and fixed annuities can be some of the most reliable when looking for safe and secure investment options in New Jersey. However, finding the best investment rates can get confusing with many different CDs and fixed annuities to compare and review. We put together this guide–to provide you with the funds and knowledge to make a well-informed decision. Hopefully, you found it informative and beneficial in helping you choose the financial product that makes sense for your future.

If you have any questions or want a quote on CD or fixed annuity rates in NJ, don’t hesitate to contact us anytime! We’re here to help ensure that your investments today will result in peace of mind tomorrow.

Best Cd Rates In New Jersey (Nj)

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Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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