First Choice Bank’s Money Market Rates Leading The Way In New Jersey

During this week’s survey of the top money market account rates in New Jersey, we were reminded of one interesting bank with two interesting rates – First Choice Bank. First Choice Bank of New Jersey offers between 0.90% APY and 1.40% APY on their personal money market accounts depending on deposit size.

The interest rates are set up in three tiers. If you’re balance remains between $1 and $9,999 you’ll earn the Read more…

Union County Savings Bank – Best Short Term CD Rates in NJ

Yesterday we got word of some pretty competitive short term CD rates coming from a small community bank in New Jersey. Apparently, Union County Savings Bank of Union, NJ, has a 6 month CD yielding 1.15% APY if you can manage to meet their minimum deposit requirement of  $10,000. That’s more than 2x the national average for six month terms.

Unfortunately, they don’t have a website, so we can’t confirm this rate Read more…

Best 6 month CD rates in New Jersey doubling the national avg.

Although short term CD rates are historically low these days, you can still find relatively lucrative APYs if you take the time to scour your state for the best CD rates. We’ve found that – generally speaking – most people will simply plop the money they intend to invest in FDIC insured savings accounts into any sort of vehicle their current bank recommends, however, if you want to maximize your returns Read more…

XCEL Federal Credit Union’s Exceptional 3 Year CD Rate: 3.0% APY!

We just got word that XCEL Federal Credit Union (based out of New Jersey) is offering a fantastic 3 year CD (certificate of deposit) promotion. Currently, if accepted to the credit union and with a minimum deposit of just $500 you can open a 3 year CD yielding a whopping 3.0% APY. To put this offer in perspective the current national average for 36 month CD’s sits at just 1.60% APY. Read more…

TD Bank CD Rates and Review

TD Bank offers a unique set of CD (certificate of deposit) products for both consumers and businesses. What sets their deposit product offerings apart from other credit unions and banks is that they offer “Step Up” CD’s which basically come with incrementally increasing interest rates as your deposit gets closer to maturity. Below are the going rates for these CD’s. As a side note their personal CD’s are currently yielding slightly Read more…