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Best Banks & Credit Unions in New Jersey

Compare the best banks and credit unions in New Jersey — up to 4.05% APY, verified fees, minimums, and membership rules from 39+ local institutions.

New Jersey's banking market packs an unusual density of institutions into a small geographic footprint — the state has more than 80 FDIC-insured banks and 130 credit unions, creating fierce deposit-pricing competition. Affinity FCU, the state's largest credit union, routinely publishes savings and CD rates that rival national online banks. State-chartered institutions are supervised by the New Jersey Department of Banking and Insurance, and all carry FDIC or NCUA insurance to $250,000.

State regulator: New Jersey Department of Banking and Insurance. Every institution below is FDIC- or NCUA-insured to $250,000.

Best banks and credit unions in New Jersey 2026

Every bank with a branch in New Jersey

96 FDIC-insured banks run 2,207 full-service offices in New Jersey. 57 of them are community banks, and 34 operate nowhere else. This is the federal record: every figure below is the regulator's own.

Deposits by office come from the FDIC Summary of Deposits, counted each 30 June; the leverage ratio is capital as a share of assets, from each bank's latest Call Report. Nothing here is blended into a score. Search by ZIP to see the offices nearest you.

Every bank we publish a page for in New Jersey

37 of them, largest first. Each page carries the bank's own Call Report figures and every office it runs.

Branches by town in New Jersey

Where a bank runs more than one office in a town, every one of them is listed on a page of its own.

Branch pages in New Jersey

Every office we publish a page for in New Jersey, by town. Each carries what that branch holds, when it opened and the other branches within five miles.

Jersey City

Tenafly

Aberdeen

Belleville

Bloomfield

Bordentown

Camden

Carteret

Dover

Dunellen

East Brunswick

Elizabeth

Elmwood Park

Fort Lee

Haddon Township

Hillsdale

Maywood

Metuchen

Middletown

Moorestown

Newark

Old Bridge

Orange

Palisades Park

Paramus

Parsippany

Passaic

Paterson

Perth Amboy

Princeton

Rahway

Riverton

Roselle

Somerville

South Amboy

Summit

Totowa

Wall

Every credit union with an office in New Jersey

143 federally insured credit unions run 320 offices in New Jersey, between them serving 21,611,630 members. 49 carry the NCUA's low-income designation. Figures are from each credit union's own NCUA Call Report.

A credit union is measured differently from a bank and the numbers are not interchangeable: the net worth ratio here is the NCUA's capital measure under 12 CFR 702, where 7% is well capitalised, and shares are the credit union equivalent of deposits. Membership usually turns on where you live or work, so a local credit union is often open to you even when its name suggests otherwise.

What makes a New Jersey bank account worth opening

Look at four things in order: the APY (does it beat the FDIC national average of about 0.60%?), the monthly fee (anything above $0 should come with a clear waiver path), the minimum opening deposit, and the membership rule for credit unions. New Jersey residents typically qualify for at least one large state-chartered credit union on residency alone, and that credit union is often the highest-APY option available locally.

Is my money safe at a New Jersey bank or credit union?

Yes, if the institution is federally insured. FDIC covers banks up to $250,000 per depositor, per ownership category; NCUA covers credit unions at the same limits. Every institution in this directory carries one of those insurances — the FDIC or NCUA ID is listed on the full provider row.

Best banks in New Jersey cities

New Jersey banking FAQ — credit unions, rates & insurance

Who can join Affinity Federal Credit Union in New Jersey?

Affinity FCU is open to anyone who lives, works, worships, or attends school in select New Jersey counties. Membership also extends through many employer groups and family connections. The application is online and typically requires a $5 savings deposit to open.

Does New Jersey tax savings-account interest?

Yes — and New Jersey has one of the highest state income tax rates in the country, with a top bracket of 10.75%. This significantly reduces net yield on deposit accounts. A 4.80% HYSA nets roughly 2.74% after combined federal and NJ state tax for a top-bracket earner, making tax-advantaged alternatives (munis, I-bonds) worth considering.

Why are New Jersey deposit rates competitive despite the state's small size?

New Jersey packs over 80 banks and 130 credit unions into a small geographic area, creating intense competition for retail deposits. Proximity to New York City also means NJ institutions compete against money-center banks for affluent commuter deposits, which pushes local CUs and community banks to offer above-market rates.

Are New Jersey state-chartered deposits federally insured?

Yes. All NJ state-chartered banks carry FDIC insurance and credit unions carry NCUA insurance, both up to $250,000 per depositor per ownership category. The New Jersey Department of Banking and Insurance supervises state-chartered institutions.

Related guides for New Jersey savers

Rates and fees change frequently. Confirm current figures directly with each institution before applying, and see our editorial methodology for how this directory is built and maintained.