Credit Union of New Jersey Has Nationwide Money Market


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.

Availability: Easy membership requirement.

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.

Joining CUNJ and/or opening an America Saves Money Market account can be done online or any of six New Jersey branches located in Ewing (3), Princeton, Trenton, and Willingboro.

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, 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 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.

To search for the best Money Market Account rates, both nationwide and state specific, please refer to the Money Market rates section of or our Rates Map page.

  |     |   Comment #1
Seems to be worth about $90 of incremental interest over the next available option, less the costs of membership. Not sure if it is worth the time (and whether it is an easy or difficult application process).
  |     |   Comment #2
Is the $10,000 deposit limit (when applying online) enforced? The application form lets a higher amount be entered (but I don't know if they'd actually accept it). In case anyone's wondering, there doesn't seem to be a way to fund the account with a credit card.

If the $10,000 limit is enforced, does that just mean the opening deposit, and you can deposit more later? Or is it a $10,000 limit total, the whole time that you have the account?
(But even if they do let you deposit more later, probably it won't be done by the March 4 deadline for this promo rate. The fine print says "New funds deposit promotional period runs February 27, 2017 through March 4, 2017 to earn the promotional fixed rate ", so I think March 4 is when the funds have to be deposited by, not just the account opened by then.)
  |     |   Comment #4
I just talked with the CU. The new account online deposit limit is $10K and to be eligible for the 1.7% rate all the money has to be in the account by 3/4. Therefore, unless you can visit the branch with your deposit, a new account holder is essentially limited to $10K. The deal was barely worth it at $25K and definitely not worth it at $10K IMHO.
  |     |   Comment #3
The 4-year Leap Year CD last February was the bomb @ 2.86%, even with a $50K cap.

What's up with the $25k cap on this deal ;; is that really necessary?
At least $50k would make it worth the drive out there....
  |     |   Comment #5
A health rating of C+..... no thanks.
  |     |   Comment #6
The rest of their rates aren't competive. And, the funds have to be deposited by 3/4. Give me a break.
Credit Union of New Jersey Has Nationwide 20-Month CD Special
Availability: Easy membership requirement.

For a limited time, Credit Union of New Jersey (CUNJ) is offering a 20-month Certificate Special, (2.00% APY with a checking relationship; 1.50% APY without a checking relationship). The minimum opening deposit is $500 of new money and there is a balance cap of $25k.

The 20-month Certificate Special is also available as an IRA (Traditional, Roth, CESA) earning the same APYs, with the same funding requirements.

According to CSR, the Early Withdrawal Penalty is 90 days interest.

The fine print on the promotion page states,

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Credit Union of New Jersey Has Top-Rate 4-Year Leap Day CD
Availability: State of New Jersey employees and other state agency employees; approximately 300 SEGs; residents of Ewing Township, NJ, and portions of Burlington County and the city of Trenton.

Credit Union of New Jersey (CUNJ) will be offering a Leap Day Special 4-Year Certificate (2.90% APY) only February 29, 2016 (Leap Day).

The Leap Day Special 4-Year Certificate is a "One Day Deal" only, and the specific requirements and limitations are as follows:

  • $5 minimum deposit is required into a Main Share Savings Account in order to establish membership and...

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4.00% 18-Month CD at Credit Union of New Jersey
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10% 10-Month CD at a New Jersey CU - $1K Max (Credit Union of New Jersey).
The Credit Union of New Jersey has a special 10% APY 10-month certificate. The minimum and maximum deposit is $1,000. Only one CD is availalbe per account number. It requires a checking or money market account. They do offer a free checking account. This CD offer lasts through December 30, 2006. New money is required.

Due to the $1K cap, it's not a great deal. You can make about $42 more than keeping it in a 5% savings account (assuming no changes in rates for the next 10 months).

The field of...

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