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:
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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 Rates | Rate | Term | Minimum |
|---|---|---|---|
| Ponce Bank | 5.30% APY | 3 Months | $1.00 |
| Oklahoma State Bank | 5.35% APY | 3 Months | $1.00 |
| Western Alliance Bank | 5.21% APY | 3 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 Rates | Rate | Term | Minimum |
|---|---|---|---|
| Western Alliance Bank | 5.41% APY | 6 Months | $1.00 |
| Oklahoma State Bank | 5.40% APY | 6 Months | $1.00 |
| Generations Bank | 5.41% APY | 6 Months | $1.00 |
1-Year CD Rates
The following banks and credit unions have the highest CD rates for 12 months.
| Best 12-Month CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Western Alliance Bank | 5.51% APY | 12 Months | $1.00 |
| Bread Savings | 5.50% APY | 12 Months | $1,500.00 |
| Connexus Credit Union | 5.50% APY | 12 Months | $1.00 |
2-Year CD Rates
Banks and credit unions have the highest CD rates for 24 months.
| Best 2-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Connexus Credit Union | 4.95% APY | 24 Months | $1.00 |
| Idabel National Bank | 4.90% APY | 24 Months | $1.00 |
| Bread Savings | 5.00% APY | 24 Months | $1,500.00 |
3-Year CD Rates
Banks and credit unions have the highest CD rates for 36 months.
| Best 3-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Valley Bank | 5.60% APY | 36 Months | $500.00 |
| Bread Savings | 4.75% APY | 36 Months | $1,500.00 |
| The State Exchange Bank | 4.70% APY | 36 Months | $1.00 |
4-Year CD Rates
The following banks and credit unions have the highest CD rates for 48 months.
| Best 4-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Bread Savings | 4.50% APY | 48 Months | $1,500.00 |
| The State Exchange Bank | 4.50% APY | 48 Months | $1.00 |
| Barclays | 4.45% APY | 48 Months | $0.00 |
5-Year CD Rates
Banks and credit unions have the highest CD rates for 60 months.
| Best 5-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Bread Savings | 4.50% APY | 60 Months | $1,500.00 |
| Barclays | 4.50% APY | 60 Months | $0.00 |
| The State Exchange Bank | 4.35% APY | 60 Months | $1.00 |
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.
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