Summer is just about over and autumn is growing closer, which means it’s a good time to look at current New Jersey CD rates. The end of the year is coming up and that’s when budgets tend to suffer the most. You can combat a similar year-end experience by saving for holidays and festivities ahead of time. 
Compare the Best Local Rates
New Jersey 12 Month CD
With over 51 financial institutions in New Jersey alone, it's not always an easy task to locate the most competitive offers available near you. New Jersey Banking Rates is a comprehensive resource for finding the best interest rates in your area, including the highest CD rates. The average 12 Month CD rate in New Jersey is currently 0.67%, including rates from a total of 28 accounts. Below is an up-to-date list of the top five twelve month CD rates in your area.
Banks and Credit Unions with the Best Twelve-Month CD Rates in New Jersey- First Choice Bank Lawrenceville, NJ: 1.05%
- First Jersey Credit Union: 1.01%
- Newark Firemen Credit Union: 1%
- Acco Princeton Credit Union: 0.9%
- 1st Bank of Sea Isle City: 0.9%
For more information regarding the above banks and rates, or to view the best CD rates for additional term lengths, visit New Jersey CD Rates.
CD Rates in New Jersey are constantly changing, which is why it’s important to keep an eye on current offers. Whether you’re looking to open a new account or want to ensure the one you have is earning the highest rate available, reviewing rates in your state on a regular basis will help you maximize your deposits.
Having a solid understanding of the interest rates available from banks and credit unions near you is very important if you expect to hold high-earning accounts. New Jersey Banking Rates has compiled a list of the average CD rates in New Jersey by term, so you can gauge the competitiveness of your own accounts or have a benchmark for comparison if you are interested in opening a new CD.
Now that May is over and we’re well into June, it’s a great time to reexamine current CD rates in New Jersey and find out if any of the local financial institutions have adjusted their rates. We’ve compiled information regarding today’s CD rates in New Jersey for a 12-month (1 year) term, so check them out and see whether you’re still earning a competitive rate or if it’s time to change accounts.
If you’re not satisfied by the interest rates banks and credit unions are offering on 6-month CDs right now, lengthening the term a bit can help you get better offers. 12-month, or 1-year, certificates of deposit generally provide higher interest rates than shorter-term CDs. If you’re willing to keep your money on deposit for this long, a 12-month CD could be a great choice for you.
If you’re in search of the best 12-month CD rates available today, you should begin by comparing the rates from local financial institutions near you. Generally, community-oriented banks and credit unions are in a better position to offer more competitive interest rates on deposit accounts.
When it comes to choosing the best CD account in New Jersey, there are a few account characteristics to consider like term length, minimum deposit and most importantly, the interest rate. If you’ve decided on a 12-month CD, it’s important you determine what the appropriate interest rate for that term length should be in your location.
Of course, you may not have the time and energy to look up all of the rates offered by the banks and credit unions in New Jersey. That’s why you can come to New Jersey Banking Rates where that data has already been compiled and presented for you. So with all of the rates information already at your fingertips, the next step is to determine which rates are really good offers.
