Best NJ CD Rates on 1-Month to 5-Year CDs

If you live in Newark, Jersey City, Paterson, Woodbridge, Toms River, or any other city in New Jersey, it’s important to do your research and compare offers to find the best NJ CD rates.  

See below NJ rate table for a comparison of some of the best rates on financial products in New Jersey.

Best CD Rates in New Jersey

Atlantic City, NJ

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Which New Jersey City Are You Located In?

Below is a list of the largest cities in New Jersey. Click here to go to the New Jersey rate table displayed above to view current rates on financial products. 

Largest New Jersey Cities


Jersey City364,152
Toms River92,093
Cherry Hill71,417

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High Yield Savings Rates vs Best NJ CD Rates

Understanding all of your options and conducting thorough research is an important part to finding the best NJ CD rates in Newark, Paterson, Woodbridge, or other cities in the state of New Jersey.

However, you might also want to consider high-yield savings accounts in NJ. Some online high-yield savings accounts offer much higher rates than even the highest New Jersey CD rates.

You can also consider looking at national CDs instead of New Jersey CDs. By expanding your search to national percentage yields, you will be more likely to find the best savings product for you.  

Tips for Getting the Best NJ CD Rates

Across the nation and in New Jersey, CD rates are increasing, especially those that are offered by online banks.

Often providing more in returns than a savings account, certificates of deposit are popular savings products for NJ residents, but it’s important to choose the right savings products and rates for your unique financial needs.

Read on to find tips for getting the best CD rates in New Jersey to help your savings grow.

Know Your Finances

Before signing up for CD rates in NJ, you’ll want to know exactly how much you can afford to set aside.

Some savings products and CD rates in New Jersey will have minimum balance requirements, so the amount of cash you can set aside may play a large role in which CD you choose.

Keep in mind that any money put into a CD won’t be liquid for at least one year—or more—depending on the CD, so you’ll want to have a good handle on your finances before signing up for CD rates in New Jersey.

Compare Multiple Products

When looking for the best NJ CD rates, your local bank is a good place to start, but it should not be the end-all solution.

With the rise of online banking, there are plenty of online banks offering competitive NJ CD rates, often providing better rates than brick-and-mortar banks.

Credit unions are also great resources for CD rates in New Jersey, since they operate as not-for-profit organizations and can often offer better rates as a result.

Look for Promotional NJ CD Rates

The benefit to having local banks and credit unions to choose from is that these financial institutions often have promotions or special rates on CDs.

Some examples of potential discounts on NJ CD rates include:

  • Larger deposits
  • Switching to electronic statements
  • Senior citizens
  • Veterans
  • Residents of a specific county or city

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Conclusion: Getting the Best NJ CD Rates

When it comes to finding CD rates in NJ, there are plenty of different New Jersey CDs to choose from. Depending on where you live, you may find that you can get better NJ CD rates, so it’s important to take specific location into consideration.

No matter what type of account you choose, a CD can be a great option for consumers that struggle with keeping their savings intact long enough for their account to grow.

Consider your financial goals, your current savings plan, and the best CD rates in New Jersey to choose the best savings account for your personal financial goals.

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