Finding the best CD rates in your area can feel overwhelming, but it doesn’t have to be. This is our list of the best CD rates in New Jersey.

Find the best banks in New Jersey here.

4.0
Our Rating

Bank or Credit Union Name: First Internet Bank of Indiana

Minimum Amount: $1000.00

APY / Rate: 4.75% APY

Pros:

  • Only $1,000 minimum balance to open
  • Interest is compounded daily and credited monthly
  • Rates are locked for the term chosen and cannot go down

Rules:

  • In order to open a CD, you’ll need to deposit a minimum amount of money, which may vary depending on the term and rate of the CD.
  • The term of the CD is the amount of time that you agree to keep your money in the CD. At Greenwood Credit Union, CD terms range from 3 months to 60 months.
  • The interest rate on the CD is the rate at which your money will earn interest. Generally, longer-term CDs will offer higher rates than shorter-term CDs. Greenwood Credit Union offers both fixed-rate and variable-rate CDs.
  • If you need to withdraw money from your CD before the maturity date, you will typically be charged an early withdrawal penalty. The specific penalty amount will depend on the term and type of CD you have.
  • You can open a CD as an individual or joint account holder. You may also be able to open a CD as an IRA account.
4.0
Our Rating

Bank or Credit Union Name: Popular Direct

Minimum Amount: $10000.00

APY / Rate: 4.50% APY

Pros:

  • Highly competitive rates for 6-month CDs
  • 24/7 access to the bank account
  • No hidden fees or charges
  • Customer support for all sorts of queries and concerns
  • FDIC insured bank up to maximum

Rules:

  • APY can be earned assuming the interest and the principal remains on deposit until maturity.
  • Interest is compounded monthly and added to the account at the end of the month.
  • APY can be earned assuming the interest and the principal remains on deposit until maturity.
  • Interest is compounded monthly and added to the account at the end of the month.
  • Early withdrawal fetches a penalty and there is a grace period after maturity to add additional funds to the CD
  • Early withdrawal fetches a penalty and there is a grace period after maturity to add additional funds to the CD

Best 12 Month CD Rates in New Jersey

4.0
Our Rating

Bank or Credit Union Name: Popular Direct

Minimum Amount: $10000.00

APY / Rate: 4.80% APY

Pros:

  • Highly competitive rates for 6-month CDs
  • 24/7 access to the bank account
  • No hidden fees or charges
  • Customer support for all sorts of queries and concerns
  • FDIC insured bank up to maximum

Rules:

  • APY can be earned assuming the interest and the principal remains on deposit until maturity.
  • Interest is compounded monthly and added to the account at the end of the month.
  • Early withdrawal fetches a penalty and there is a grace period after maturity to add additional funds to the CD
4.0
Our Rating

Bank or Credit Union Name: Alliant Credit Union

Minimum Amount: $1000

APY Rate: 4.60% APY

Pros:

  • Funds are insured up to $250,000 by NCUA
  • Low minimum deposit of only $1,000; no maximum
  • Great dividend rates

Rules:

  • Dividends compounded every month and at maturity.
  • Incur an early withdrawal penalty

Best 3 Years CD Rates in New Jersey

4.0
Our Rating

Bank or Credit Union Name: CFG Community Bank

Minimum Amount: $500.00

APY / Rate: 4.60% APY

Pros:

  • The high yield rate of interest
  • A decent minimum amount required
  • FDIC insured banking option
  • Strong customer support system

Rules:

  • To open a CD an investor can approach the bank online or in-branch.
  • The minimum deposit allowed in a CD is $500 and the maximum limit is set at $250,000.
  • The interest on the CD is compounded monthly.
  • Premature withdrawal from the CD is subject to a penalty.
4.0
Our Rating

Bank or Credit Union Name: Bread Savings

Minimum Amount: $1500

APY / Rate: 4.50% APY

Pros:

  • Excellent for earning a competitive interest rate on a savings account or CD.
  • Without monthly services.
  • Free domestic incoming wire transfers on savings account

Rules:

  • APYs are subject to change at any time without notice
  • The penalty will be applied for early withdrawals on CDs
  • At maturity, your CD will automatically renew and earn the base interest rate

Best 5 Years CD Rates in New Jersey

4.0
Our Rating

Bank or Credit Union Name: Popular Direct

Minimum Amount: $10000.00

APY / Rate: 4.55% APY

Pros:

  • Online-only CD options are available
  • Highly competitive CD rates in a 1-year term
  • Early withdrawal penalties are decent
  • FDIC insured bank with investment covered to the max
  • Terms ranging from 3 months to 5 years

Rules:

  • Interest on CDs is compounded monthly and added to the account at the month’s end.
  • Early withdrawal incurs a penalty amounting to:
    1- 90 days interest for a 3-month term
    2- 180 days interest for a 6-18 month term
    3- 365 days interest for 24-60 month term
4.0
Our Rating
BMO Harris Bank

Bank or Credit Union Name: BMO Harris

Minimum Amount: $1000

APY / Rate: 4.50%

Pros:

  • Competitive CD rates
  • Decent minimum balance requirement
  • Easy CD withdrawal methods
  • 3-months to 60-month term available

Rules:

  • A CD can be opened via mobile, online,, or telephone.
  • The interest on the CD is compounded monthly and added to the account on a fixed date every month.
  • There is a penalty for early withdrawal which depends on the term and amount of the CD.
  • Any changes to the CD regarding the amount or term can be made within the grace period of penalty days post maturity.