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You are viewing savings rates in Bayonne, New Jersey

Bayonne, New Jersey Credit Union Savings Rates 2019

Credit Unions can offer savings and money market rates that are competitive not only with local banks, but also sometimes with the best rates at online savings banks. The table below lists the best rates at credit unions near you. If you click on the credit union’s name, you’ll be taken to more information about its locations and operations.

Bayonne, NJ - May 24, 2019

Savings Account National Average Rate: 0.22% ?

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Credit UnionS APY Vs.
Nat'l
Av.
MIN Miles?
7.50% 34.88x $50 4843.40
2.01% 9.35x $250 4830.04
American Airlines
Restrictions
1.97% 9.16x $1 4818.01
1.30% 6.05x $25,000 4831.90
1.26% 5.86x $1,000 4837.99
Novartis
Restrictions
1.25% 5.81x $25,000 4847.25
Selfreliance
Restrictions
1.25% 5.81x $25,000 4837.78
Abco
Restrictions
1.21% 5.63x $25,000 4836.12
1.20% 5.58x $2,500 4831.90
1.11% 5.16x $20,000 4831.74
Novartis
Restrictions
1.05% 4.88x $2,500 4847.25
Abco
Restrictions
1.01% 4.70x $1,000 4836.12
Sharonview
Restrictions
1.00% 4.65x $500 5942.55
1.00% 4.65x $20,000 4846.05
1.00% 4.65x $2,500 4831.74
0.90% 4.19x $25,000 4840.11
Visions
Restrictions
0.90% 4.19x $10,000 4849.74
0.85% 3.95x $10,000 4840.11
0.80% 3.72x $2,500 4840.11
The Atlantic
Restrictions
0.70% 3.26x $25,000 4837.36
B-m S
Restrictions
0.65% 3.03x $20,000 4836.50
Visions
Restrictions
0.65% 3.02x $1 4849.74
Quorum
Restrictions
0.65% 3.02x $25,000 4846.26
Visions
Restrictions
0.60% 2.79x $1 4849.74
0.60% 2.79x $25,000 4818.01
Xceed Financial
Restrictions
0.55% 2.56x $10,000 4850.89
Garden State
Restrictions
0.55% 2.56x $25,000 4837.13
Jersey Central
Restrictions
0.50% 2.33x $2,500 4837.44
Princeton
Restrictions
0.50% 2.33x $10,000 4838.84
0.50% 2.33x $250 4816.27
0.50% 2.33x $10,000 4818.01
0.50% 2.33x $5,000 4837.99
B-m S
Restrictions
0.45% 2.09x $2,000 4836.50
Partners 1st
Restrictions
0.45% 2.09x $25,000 4842.38
Garden State
Restrictions
0.45% 2.09x $10,000 4837.13
Xcel
Restrictions
0.45% 2.09x $25,000 4839.72
Princeton
Restrictions
0.45% 2.09x $2,500 4838.84
Allegacy
Restrictions
0.45% 2.09x $25,000 4846.21
Xcel
Restrictions
0.40% 1.86x $10,000 4839.72
0.40% 1.86x $10,000 4836.43
Raritan Bay
Restrictions
0.40% 1.86x $10,000 4830.15
Affinity
Restrictions
0.40% 1.86x $20,000 4849.16
0.40% 1.86x $50 4843.08
Altra
Restrictions
0.40% 1.86x $25 4818.01
0.40% 1.86x $2,500 4818.01
0.40% 1.86x $500 4850.53
0.35% 1.63x $50 4837.99
0.35% 1.63x $1,000 4836.43
Partners 1st
Restrictions
0.35% 1.63x $5,000 4842.38
Rutgers
Restrictions
0.35% 1.63x $25,000 4838.83
Xcel
Restrictions
0.35% 1.63x $2,500 4839.72
Affinity
Restrictions
0.35% 1.63x $2,500 4849.16
0.31% 1.44x $100 4836.43
Unilever
Restrictions
0.30% 1.40x $10,000 4831.51
0.30% 1.40x $15,000 4851.86
South Jersey
Restrictions
0.30% 1.40x $10,000 4844.68
Garden Savings
Restrictions
0.30% 1.40x $10,000 4850.85
Altra
Restrictions
0.30% 1.40x $20,000 4818.01
0.30% 1.40x $25,000 4843.40
Garden State
Restrictions
0.30% 1.40x $2,500 4837.13
Star Usa
Restrictions
0.25% 1.16x $50,000 -
0.25% 1.16x $1 4840.11
Allegacy
Restrictions
0.25% 1.16x $2,500 4846.21
Proponent
Restrictions
0.25% 1.16x $10,000 4837.15
Partners 1st
Restrictions
0.25% 1.16x $2,500 4842.38
Rutgers
Restrictions
0.25% 1.16x $2,500 4838.83
0.25% 1.16x $25,000 4829.57
Garden Savings
Restrictions
0.25% 1.16x $1,000 4850.85
Usalliance
Restrictions
0.25% 1.16x $25,000 4828.76
Altra
Restrictions
0.25% 1.16x $10,000 4818.01
Xceed Financial
Restrictions
0.25% 1.16x $1,000 4850.89
Selfreliance
Restrictions
0.25% 1.16x $10 4837.78
0.25% 1.16x $20,000 4830.75
The Atlantic
Restrictions
0.25% 1.16x $1 4837.36
Raritan Bay
Restrictions
0.20% 0.93x $2,500 4830.15
0.20% 0.93x $5 4843.85
Quorum
Restrictions
0.20% 0.93x $10,000 4846.26
Picatinny
Restrictions
0.20% 0.93x $5 4857.98
Proponent
Restrictions
0.20% 0.93x $2,500 4837.15
Greater Alliance
Restrictions
0.20% 0.93x $1,500 4838.62
0.20% 0.93x $1,000 4845.17
Fort Billings
Restrictions
0.20% 0.93x $20,001 4845.89
County Educators
Restrictions
0.20% 0.93x $25,000 4836.23
0.20% 0.93x $2,500 4851.86
0.20% 0.93x $100 4831.74
Unilever
Restrictions
0.20% 0.93x $1 4831.51
Affinity
Restrictions
0.20% 0.93x $5 4849.16
0.20% 0.93x $10,000 4829.57
Altra
Restrictions
0.20% 0.93x $2,500 4818.01
0.20% 0.93x $10,000 4843.40
South Jersey
Restrictions
0.20% 0.93x $1,500 4844.68
0.20% 0.93x $2,500 4830.75
0.20% 0.93x $25 4820.37
Garden State
Restrictions
0.20% 0.93x $2,000 4837.13
Star Usa
Restrictions
0.15% 0.70x $2,500 -
Lakehurst Naval
Restrictions
0.15% 0.70x $25 4818.01
0.15% 0.70x $1,000 4843.40
0.15% 0.70x $25,001 4837.69
0.15% 0.70x $20,000 4843.85
Picatinny
Restrictions
0.15% 0.70x $1,000 4857.98
0.15% 0.70x $2,000 4829.57
County Educators
Restrictions
0.15% 0.70x $500 4836.23
Motion
Restrictions
0.15% 0.70x $2,501 4837.46
0.15% 0.70x $50 4830.75
Pinnacle
Restrictions
0.15% 0.70x $20,000 4833.50
Mcgraw Hill
Restrictions
0.15% 0.70x $25,000 4833.76
0.15% 0.70x $99 4850.53
Bay Atlantic
Restrictions
0.15% 0.70x $25,000 4821.59
Fort Billings
Restrictions
0.15% 0.70x $2,000 4845.89
Star Usa
Restrictions
0.10% 0.47x $10 -
0.10% 0.47x $5 4831.90
0.10% 0.47x $1,500 4829.57
First Financial
Restrictions
0.10% 0.47x $1 4809.87
First Atlantic
Restrictions
0.10% 0.47x $10,000 4811.93
Mcgraw Hill
Restrictions
0.10% 0.47x $5,000 4833.76
0.10% 0.47x $1,000 4814.81
Proponent
Restrictions
0.10% 0.47x $1 4837.15
Riegel
Restrictions
0.10% 0.47x $1 4869.81
The Atlantic
Restrictions
0.10% 0.47x $100 4837.36
Usalliance
Restrictions
0.10% 0.47x $2,001 4828.76
County Educators
Restrictions
0.10% 0.47x $5 4836.23
0.10% 0.47x $100 4835.03
Novartis
Restrictions
0.10% 0.47x $100 4847.25
Garden Savings
Restrictions
0.10% 0.47x $250 4850.85
Xcel
Restrictions
0.10% 0.47x $50 4839.72
South Jersey
Restrictions
0.10% 0.47x $100 4844.68
Altra
Restrictions
0.10% 0.47x $5 4818.01
0.10% 0.47x $25,000 4834.48
Sharonview
Restrictions
0.10% 0.47x $5 5942.55
0.10% 0.47x $5,000 4837.69
Quorum
Restrictions
0.10% 0.47x $2,500 4846.26
Allegacy
Restrictions
0.10% 0.47x $1 4846.21
0.10% 0.47x $1,000 4847.88
0.10% 0.47x $50 4837.25
0.10% 0.47x $1 4823.76
0.10% 0.47x $50 4876.61
Bay Atlantic
Restrictions
0.10% 0.47x $2,500 4821.59
Irco Community
Restrictions
0.10% 0.47x $5 4877.35
0.10% 0.47x $5 4835.41
Abco
Restrictions
0.10% 0.47x $100 4836.12
0.08% 0.37x $50 4825.49
Pinnacle
Restrictions
0.07% 0.33x $10,000 4833.50
Star Usa
Restrictions
0.05% 0.23x $5 -
0.05% 0.23x $5 4818.01
0.05% 0.23x $100 4833.59
First Atlantic
Restrictions
0.05% 0.23x $1 4811.93
Raritan Bay
Restrictions
0.05% 0.23x $1 4830.15
Pinnacle
Restrictions
0.05% 0.23x $5 4833.50
L'oreal Usa
Restrictions
0.05% 0.23x $51 4837.01
Mcgraw Hill
Restrictions
0.05% 0.23x $1 4833.76
B-m S
Restrictions
0.05% 0.23x $5 4836.50
0.05% 0.23x $500 4843.40
0.05% 0.23x $5,000 4834.48
Aspire
Restrictions
0.05% 0.23x $2,000 4836.24
0.05% 0.23x $2,000 4843.85
Xceed Financial
Restrictions
0.05% 0.23x $100 4850.89
Parda
Restrictions
0.05% 0.23x $25 4852.23
0.05% 0.23x $250 4814.81
0.05% 0.23x $1 4847.88
Polish & Slavic
Restrictions
0.05% 0.23x $2,500 4837.28
Rutgers
Restrictions
0.05% 0.23x $250 4838.83
0.05% 0.23x $1 4856.55
0.05% 0.23x $5 4851.86
Usalliance
Restrictions
0.05% 0.23x $1 4828.76
Bay Atlantic
Restrictions
0.05% 0.23x $1,000 4821.59
First Financial
Restrictions
0.05% 0.23x $100 4809.87
Princeton
Restrictions
0.05% 0.23x $5 4838.84
Quorum
Restrictions
0.05% 0.23x $5 4846.26
Partners 1st
Restrictions
0.05% 0.23x $500 4842.38
0.05% 0.23x $5,000 4846.05
Fort Billings
Restrictions
0.05% 0.23x $1 4845.89
0.04% 0.19x $5 4833.15
0.03% 0.14x $100 4834.48
Motion
Restrictions
0.02% 0.09x $50 4837.46
0.02% 0.09x $5 4837.69
0.01% 0.05x $10 4855.24
Aspire
Restrictions
0.01% 0.05x $500 4836.24
All rates listed are Annual Percentage Yield (APY). The APY rate in a savings account or money market account is a variable rate that is subject to change at any point. The Min listed is the minimum deposit account balance required to obtain the rate listed.


BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION


Credit Union Savings Accounts 2019

Credit union savings accounts (also sometimes called share certificates or money market accounts) are savings vehicles that are offered by credit unions. Many Americans enjoy performing their banking transactions with credit unions as they are technically member-owned and may have branches close by. You will find a map with all credit unions that are close to you here. It is important to note that some credit unions do have limited fields of membership – you must be a resident of a certain area or have a family member who was employed by a certain company. Other credit unions will have fields of membership that are virtually open ended (eg. must love life, etc.). If you find a credit union that interests you because of a rate or a service or a location, but are unsure if you qualify for membership, it is often worth reaching out to the credit union to discuss the parameters of the field of membership and whether there may be other ways in which you may qualify for membership.

Unlike online banks and even many local banks, all but the largest credit unions often lack robust online banking features. If you are interested in online banking, be sure to ask your credit unions about the online and mobile services they offer.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

NCUA Insurance

Most, but not all, credit unions listed on BestCashCow are insured by the National Credit Union Administration (NCUA). You should confirm that the credit union that you are working with is NCUA insured by visiting that institution’s BestCashCow page (NCUA coverage is detailed on the overview tab). The NCUA insures each named individual's deposits to $250,000 for all accounts at the credit union within ownership class. The rules are very similar, but not identical, to those for FDIC insurance. You should always stay within NCUA insurance limits.

BestCashCow strongly recommends that you deposit money only in NCUA insured credit unions and that you stay within insured limits. If you are considering depositing over $250,000 at a single NCUA-insured credit union across products (share certificates, time deposits, etc.) or across types of ownership (individual, joint, etc.) you should use the NCUA’s Share Insurance Toolkit in order to be sure that you are not exceeding coverage limits.

FREQUENTLY ASKED QUESTIONS ABOUT CREDIT UNIONS


Why are credit union rates sometimes better than those from local and online banks?

The core difference between banks and credit unions is true regardless of size: Credit unions are nonprofits owned by the members, while banks are for-profit organizations. Credit unions can therefore sometimes pass along their profits in the form of lower rates (or better loan terms). Banks have some flexibility when competition forces it, but have to deliver an expected return on capital to their owners.

Is customer service better at credit unions that local banks or online banks?

Credit unions have long surpassed commercial banks for customer satisfaction. But as membership grows, their lead is shrinking, at least when compared with smaller banks. It’s also worth noting that in recent years, several online-only banks have earned high marks for their customer-friendly service options and their transparent discussions of fees and rates.  You may enjoy the local interaction with a credit union, but unless you are also getting a competitive rate, you may find that you best bet is to also have an online bank where you keep most of you money.

Is there any difference between a share certificate offered by a credit union and a savings or money market account offered by a bank?

The difference is mainly one of terminology, as increasingly is the difference between savings and money market accounts. Be sure to understand how to access you account. Look for no fees so long as certain balances are maintained, easy liquidity and ability to transfer your money to your accounts at other institutions, including ACH transfers to online banks.

Do Credit Unions lack technology that banks have?

As technology becomes a larger part of our everyday lives, customers rely on the ability to bank online or through a mobile device, such as an iPhone. Although credit unions are making the effort to keep pace with new financial technologies, they are still trailing banks (especially the leading online banks) on this front. Several third party platforms for online banking and mobile banking are increasingly being adopted throughout the banking industry, and credit unions will likely begin to adopt these as well, which should narrow or remove the gap between them and banks.

Is my money any less safe?

As long as your credit union is NCUA insured and you stay within the NCUA limits, As long as your credit union is NCUA insured and you stay within the NCUA limits, your money is no less safe than it would be in an FDIC-insured bank.

Should I consider time deposits?

Time deposits are the credit union’s term for certificates of deposit, but, aside from slightly different terminology, are virtually the same product. Time deposits have less liquidity, but if you are unlikely to require access to your cash for some time, you may be able to significantly augment your rate of return and the growth of your capital. Since unforeseen circumstances do arise, it is important to understand the early withdrawal fees that may even eat into your principal, and early withdrawal is often entirely at the credit union’s discretion. BestCashCow compiles all rates of all credit unions near you. Access this information here. You should also familiarize yourself with our Savings Booster Calculator in order to understand the importance of compounding interest at higher rates on your savings over time.

5 POINT CHECKLIST OF THINGS THAT MAKE CREDIT UNIONS GREAT

  • Rates are often better than savings and CD rates at local banks. Borrowing rates are sometimes lower too.
  • Members are Owners of a nonprofit. When you open an account at a credit union, your account is actually a share and provides you voting rights. Since credit unions are run as non-profits, you aren’t going to get appreciation or dividends from your ownership. Instead, these institutions have the ultimate goal of providing their members better rates on loans and financial products. When a credit union makes a profit, it is used to provide better opportunities to the community that it serves.
  • Clerks work with you. Since credit unions are small and serve their owners, they try hard to keep them happy. Many credit unions have fans for life after a clerk stays late to complete loan documents, and giving pointers about avoiding fees.
  • Credit unions provide low-income and financially distressed individuals the chance to qualify for financing.
  • Credit unions often run special programs that enable people to save for the holidays (such as Christmas Clubs) or to help finance the cost of higher education and university.

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