Deal Summary: America Saves Money Market, 1.70% APY on $1k-$25k new money, guaranteed through the end of 2017, only available through March 4, 2017.
Now through March 4, Credit Union of New Jersey (CUNJ) is promoting its America Saves Money Market, with a guaranteed 1.70% APY through December 31, 2017. The minimum opening deposit is $1k of new money and there is a balance cap of $25k (rate of 0.25% APY applies to balances above $25k.)
The fine print on the promotion page states,
When applying online the maximum that can be deposited is $10,000.
Transfers from existing CUNJ accounts do not qualify for this offer.
Headquartered in Ewing, Credit Union of New Jersey field of membership is varied, with a way for almost anyone to join.
Easy Membership - Anyone, regardless of residency or employment status, can join CUNJ by joining either the Ewing Public Educational Foundation ($10 donation) or Credit Union of New Jersey Foundation ($5 donation). Joining either Foundation can be done through CUNJ’s online application.
SEGs - Individuals who are employed by nearly 300 SEGs also qualify for membership.
Employment - Individuals who work for the State of New Jersey, or a state agency, commission, or authority are eligible for membership.
Residency - Individuals who live, work, worship, or attend school in Ewing Township are eligible. Residents of parts of Burlington County or the city of Trenton also qualify.
Relationship Retirees of the above mentioned organizations and their family members related by blood or marriage (aunts, uncles, grandparents, cousins, in-laws), are also eligible to join.
Complete details about membership eligibility are available on CUNJ’s website.
The Membership Application is also available as a download.
Credit Union Overview
Credit Union of New Jersey has an overall health grade of "C+" at DepositAccounts.com, with a Texas ratio of 21.94% (above average) based on September 30, 2016 data. In the past year, CUNJ has increased its total non-brokered deposits by $5.96 million, an above average annual growth rate of 2.04%. Please refer to our financial overview of Credit Union of New Jersey (NCUA Charter # 65597) for more details.
Credit Union of New Jersey was established in 1943 to serve New Jersey State Highway Department employees. In the beginning, CUNJ only offered share accounts and personal loans. Credit Union of New Jersey is currently the 8th largest credit union in New Jersey, with more than 41,000 members and assets in excess of $334 million.
How the American Saves Money Market Compares
When compared to the 170 Money Market Accounts tracked by DepositAccounts.com that are available nationwide, Credit Union of New Jersey’s American Saves Money Market APY currently ranks first.
The above rates are accurate as of 3/1/2017.