Fulton Bank of New Jersey Review: Checking, Savings, CD, Money Market and IRA Accounts

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Updated on Tuesday, September 1, 2020

Fulton Bank of New Jersey’s checking account options

Simply Checking

This is Fulton Bank of New Jersey’s version of a basic free checking account for adults.
  • Minimum opening deposit: None if opened in a branch; $25 if opened online
  • Monthly account maintenance fee: None
  • ATM fee: $2.50 for out-of-network ATMs, plus a 3% foreign transaction fee for foreign ATM transactions and debit card purchases
  • ATM fee refund: None
  • Overdraft fee: $12 a day if you link another account for overdraft protection and incur one or more overdrafts. $39 if you don’t have a linked account, up to four times a day, but only if you overdraft the account by more than $5. If you go for more than five days without bringing the balance back to positive, you’ll pay another $6 daily overdraft fee.

If you need a checking account from Fulton Bank of New Jersey and don’t care whether it earns interest, choose this account. This is the only one that doesn’t come with monthly fees or requirements, but it also won’t earn any interest.

We recommend setting up a backup account as overdraft protection for this account, even if you rarely or never overdraft your account. That’s because this account — like all of Fulton Bank of New Jersey’s checking accounts — has high overdraft fees. But if you designate an account as overdraft protection, you’ll pay one lower charge per day, no matter how many times you overdraft your account per day.

How to get Fulton Bank of New Jersey’s Simply Checking account

There are two options to apply for this account: online or via a local branch. Regardless of which method you choose, you will need to provide the bank with your name, Social Security number and government-issued photo ID, among other details. Heads-up: Any money you provide to fund the account after opening it will be held (and thus unavailable) for seven business days after you open the account.

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Interest Checking

You’ll need to call and verify the interest rates for this account.
  • Minimum opening deposit: None if opened in a branch; $25 if opened online
  • Monthly account maintenance fee: $10, unless you keep at least $1,000 in the account or have at least one direct deposit a month
  • ATM fee: $2.50 for out-of-network ATMs, plus a 3% foreign transaction fee for foreign ATM transactions and debit card purchases
  • ATM fee refund: None
  • Overdraft fee: If you have a linked overdraft protection account, you’ll pay $12 a day for any transfers to cover overdrafts on this checking account. If you don’t have a linked overdraft protection account and overdraft the account by more than $5, you’ll pay $39 per overdraft charge, up to four times a day. You’ll also pay a $6 daily extended overdraft fee until you bring your account bank into the black.

The most important thing to note about this account is that Fulton Bank of New Jersey doesn’t easily provide you with the current interest rate. Because the bank doesn’t publish its checking account interest rates online, you’ll need to verify the interest rate by contacting the bank before deciding whether to open an account here.

Also, you’ll need to keep at least $1,000 in the account to earn interest. It’s a good idea to keep the balance at least this high, because if you don’t you’ll pay a high monthly fee. If you want to avoid fees, check out these no-fee checking accounts.

How to get Fulton Bank of New Jersey’s Interest Checking account

You can open this Interest Checking account by heading to a local branch or visiting the bank’s website. It’ll only take about 15 minutes, and you’ll need to have a government-issued ID handy. One thing to note: Your deposit will be held by the bank and unavailable for a short period, depending on how much you deposit. For opening deposits of less than $1,000, the money will be tied up for seven business days. For deposits over $1,000, the money will be unavailable for 14 business days.

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Relationship Banking

If you keep a lot of money at Fulton Bank of New Jersey, you might be eligible for a few random perks with this checking account.
  • Minimum opening deposit: None if opened in a branch; $25 if opened online
  • Monthly account maintenance fee: $10, unless you keep at least $2,000 in the account
  • ATM fee: None for in-network or out-of-network ATMs
  • ATM fee refund: Fulton Bank of New Jersey won’t charge you for using ATMs, but it also won’t reimburse you the ATM surcharge fee you’ll have to pay from the owners of out-of-network ATMs
  • Overdraft fee: If you set up a linked account and overdraft this checking account, you’ll only pay $12 per day that an overdraft transfer occurs. Otherwise, you’ll pay a $39 per-item fee, up to four times daily, if the account is overdrawn by more than $5. If you don’t bring the account balance back to positive, you’ll also pay a $6 daily fee starting on the sixth day that the account is still overdrawn.

Fulton Bank of New Jersey offers this Relationship Banking checking account for customers with higher balances. There’s no minimum balance requirement (unless opened online), but here’s a summary of what happens at difference balance levels:

  • At $1,000, you’ll start earning interest on the account (contact bank for current rate)
  • At $2,000, the $10 monthly fee will be waived
  • At $15,000 (across all deposit accounts, including this one) or $20,000 (across all deposit and loan accounts, excluding mortgages and credit cards), you’ll be eligible for:
    • Bonus offers on certain certificates of deposit, or CDs
    • Discount on a safe deposit box
    • One order of specialty checks a year

How to get Fulton Bank of New Jersey’s Relationship Banking account

You’ll need to set aside about 15 minutes and have your government-issued ID handy to apply for the Relationship Banking account. Head to a local branch or the bank’s website. Heads-up: Your money will be held (and thus unavailable to use) for a brief period after you open your account. Initial deposits of less than $1,000 are held for seven business days, while initial deposits of more than $1,000 are held for 14 business days.

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Student Checking

This checking account grants a handful of free out-of-network ATM transactions per month.
  • Minimum opening deposit: None if opened in a branch; $25 if opened online
  • Monthly account maintenance fee: None
  • ATM fee: $2.50 per transaction at an out-of-network ATM. If you use your debit card or make an ATM withdrawal abroad, you’ll also pay a 3% foreign transaction fee.
  • ATM fee refund: Your first five out-of-network ATM transactions of the month are free. But you may still have to pay an ATM surcharge fee from the ATM’s owner.
  • Overdraft fee: If you have another account linked for overdraft protection, you’ll pay $12 for each day that an overdraft transfer happens. If not, you’ll pay $39 per overdraft up to four times a day, but only if your account is overdrawn by more than $5. If your account stays overdrawn for six or more days, you’ll pay a $6 daily extended overdraft fee.

If you’re a student studying away from Bank of New Jersey’s core service area, this might be a handy account to have. You’ll get five free out-of-network ATM uses per month, but be warned: The bank won’t reimburse the ATM surcharge fees from the ATM’s owner. It’ll only waive its own fees.

To qualify for this account, you’ll need to be between 16 and 22. If you want to use the debit card that comes with this account and are younger than 18, you’ll need an adult joint account owner.

Overall, this is otherwise a pretty standard checking account. You can write checks from it, and the money you keep in this account won’t earn any interest.

How to get Fulton Bank of New Jersey’s Student Checking account

You can apply for the Student Checking account online or in a local branch. The application process takes about 15 minutes, and you’ll be expected to provide your Social Security number and a government-issued ID, among other things.

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Prime Life Interest Checking

Seniors 50 and older are eligible for this free interest-bearing checking account.
  • Minimum opening deposit: None if opened in a branch; $25 if opened online
  • Monthly account maintenance fee: None
  • ATM fee: None for in-network or out-of-network ATMs
  • ATM fee refund: No ATM refunds, but Fulton Bank of New Jersey won’t charge you a fee for using an out-of-network ATM. But you will still have to pay any ATM surcharge fees from the ATM’s owner.
  • Overdraft fee: $12 a day for each day a transfer comes out of your linked overdraft protection account. If you don’t have an account set up, you’ll pay a $39 fee, up to four times per day, if your account is overdrawn by more than $5. If you don’t bring your account balance back to positive before five days is up, you’ll pay another $6 daily fee.

It’s no secret: Fulton Bank of New Jersey is a fee-heavy bank. But if you’re 50 or older, you can earn interest with your checking account and take a break from some of the bank’s fees, notably the monthly service fee and ATM fees. But you’ll still pay overdraft fees and ATM surcharge fees, even if you won’t owe any Fulton Bank of New Jersey-specific ATM fees.

The bank throws in a few extra perks with this account. You can get one free order of checks per year (or half off other personal checks) and a discount on a safe deposit box at a bank branch.

Fulton Bank of New Jersey doesn’t publish its rates for this account online. You’ll need to call the bank and vet the interest rates on your own.

How to get Fulton Bank of New Jersey’s Prime Life Interest Checking account

If you’re interested in opening this account, you can do it online or by visiting a local branch that’s close to you. You’ll need to provide a few details about yourself on the application, as well as show your government-issued ID card. Depending on how much money you deposit into the account, it’ll either be held and unavailable for the first seven business days (for initial deposits of less than $1,000) or for the first 14 business days (for initial deposits over $1,000).

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How Fulton Bank of New Jersey’s checking accounts compare

We’ll be blunt: These accounts are lackluster. Not only does Fulton Bank of New Jersey not publish the interest rates online (a key piece of information you need to know to make an informed decision). You may do better with one of these high-yield checking accounts instead.

Fulton Bank of New Jersey’s accounts are also plagued with fees. While it’s nice that you’ll only have to pay one $12 transfer fee per day if you have a linked backup account, the alternative (up to $156 per day, plus possibly a $6 daily fee thereafter) is too expensive, in our opinion. Plus, if you have the Interest Checking or Relationship Banking account, you’ll need to make sure you meet the requirements each month to waive the fee. It’s too much of a hassle.

Fulton Bank of New Jersey’s savings account options

Statement Savings

Having to pay a monthly fee for a savings account is ridiculous. But, it’s waivable.
  • Minimum opening deposit: Nothing if opened in a branch; $25 if you open the account online
  • Minimum balance to earn APY: 1 cent
  • Monthly account maintenance fee: $6, unless you keep at least $100 in the account
  • ATM fee: $2.50 for each out-of-network ATM use, not including ATM surcharge fees. You’ll also pay a 3% foreign transaction fee on ATM withdrawals and debit card purchases made abroad.
  • ATM fee refund: None
  • Overdraft fee: $39 for each overdraft charge, up to four times a day (but you’ll only be charged if your account is overdrafted by more than $5). If you go for six days or more without bringing your account balance back up above $0, you’ll also pay a $6 daily extended overdraft fee. Or you can link up a backup account to cover overdraft charges. If you do this and overdraft the account, you’ll only pay $12 per day that any overdraft transfers occur.

Often, people open savings accounts to save for a goal. Once they reach that level, they’ll liquidate the account. You won’t be able to do that with this account, because you’ll need to keep at least $100 in it to avoid a $6 monthly fee.

To make matters even more complicated, Fulton Bank of New Jersey doesn’t publish its checking and savings account rates online.

Finally, you are allowed up to six certain withdrawals per month from this account, per federal Regulation D rules. If you exceed that, you’ll pay a $12 excess activity fee for each additional transaction.

How to get Fulton Bank of New Jersey’s Statement Savings account

We recommend that you call the bank to check the interest rates on this account before you open it. It’s highly likely that you’ll be able to find higher interest rates at another bank. But if you still want to go ahead with it, you can apply for this account online or at a local branch. Remember to bring your government-issued ID since you’ll need it to open the account.

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Student Statement Savings

Students 22 and younger are eligible for this free savings account.
  • Minimum opening deposit: $25 if you open the account online; nothing if you open the account in a branch
  • Minimum balance to earn APY: 1 cent
  • Monthly account maintenance fee: None
  • ATM fee: $2.50 for each out-of-network transaction, plus any ATM surcharge fees from the ATM’s owner. Also, you’ll pay a 3% foreign transaction fee for ATM and debit card transactions done abroad.
  • ATM fee refund: Your first five out-of-network ATM fees of the month are waived. But you’ll still have to pay any ATM surcharge fees.
  • Overdraft fee: $39 per item, up to four times a day (but only if your account is overdrafted by more than $5). If you go for six days or more without bringing your account balance back to positive, you’ll pay a $6 daily fee. You can also link an overdraft protection account and pay $12 a day, regardless of how many overdraft transfers occur that day.

This account is designed to complement Fulton Bank of New Jersey’s Student Checking account. It has many of the same rules — you need to be 22 or younger, and if you want an ATM card and are younger than 18, you’ll need an adult co-signer on the account.

The Student Statement Savings account “earns a competitive interest rate,” but Fulton Bank of New Jersey doesn’t actually post the interest rates for its savings accounts on its website.

Like all savings accounts, this one is limited to six withdrawals per month due to federal regulations. If you go over these limits, you’ll have to pay a $12 per-transaction penalty fee.

How to get Fulton Bank of New Jersey’s Student Statement Savings account

To open this account, you’ll need to be able to provide the bank with your Social Security number and a government-issued ID. It’ll take about 15 minutes to apply for the account, and you can do so online or in person at a branch.

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How Fulton Bank of New Jersey’s savings accounts compare

When we contacted the bank, Fulton Bank of New Jersey didn’t offer competitive interest rates on its accounts. The rates quoted were 45 times lower than our ranked online savings accounts. Fulton Bank of New Jersey’s accounts are also laden with high fees, including overdraft fees, ATM fees and a monthly fee for the regular Statement Savings account.

Finally, our biggest complaint stands: Banks need to publish interest rates online for consumers to make an informed decision. Be sure to contact the bank to obtain the most current rates.

Fulton Bank of New Jersey’s CD rates

Promotional CDs

This smattering of CD accounts offers higher rates, but you may have to jump through some hoops to get them.
TermAPY
9 months2.25%
13-month Relationship Banking2.60%
25 months2.85%
36-month Bump-Up2.00%
42 months3.00%
  • Minimum opening deposit: $1,000
  • Minimum balance amount to earn APY: $1,000
  • Early withdrawal penalty: For the CDs under 36 months in length, you’ll owe 182 days’ worth of interest. For the 36-month Bump-Up and 42-month CDs, you’ll owe 12 months’ worth of interest.

Fulton Bank of New Jersey offers low rates on its regular CDs, but you do get a chance to earn higher rates with these promotional offers instead. But there are a few stipulations. For each of these CDs — except for the 13-month Relationship Banking or 42-month CDs — you’ll need to open them with “new money,” or money that’s not already on deposit with Fulton Bank of New Jersey.

To qualify for the 13-month Relationship Banking CD, you should have a Relationship Banking checking account. You can still open this CD without holding this account, but your interest rate will be 0.25% less than that stated above.

If you opt for the 36-month Bump-Up CD, you’ll get the option to boost your interest rate once per term if interest rates go higher. It’s important to note a couple of things here: First, if you want to increase your interest rate, you’ll need to do so in writing. Second, you can increase your interest rate to that of the regular 36-month CDs, not the 36-month Bump-Up CDs.

How to get Fulton Bank of New Jersey’s Promotional CDs

To open a Promotional CD, you’ll need to visit your local Fulton Bank of New Jersey branch. Remember to bring a government-issued ID with you to open the account.

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Regular CDs

These CDs offer poor interest rates overall.
TermAPY
3 months0.15%
6 months0.20%
9-month No Penalty0.10%
12 months0.30%
12-month Variable Rate0.20%
15 months0.45%
18 months1.20%
2 years0.60%
30 months0.76%
3 years1.55%
4 years1.01%
5 years1.26%
5-year Relationship Banking1.51%
6 years1.77%
  • Minimum opening deposit: $1,000
  • Minimum balance amount to earn APY: $1,000
  • Early withdrawal penalty: Depending on the term of your CD, you’ll pay:
    • All interest earned or seven days’ worth of interest (whichever is greater) for the three- and six-month CDs
    • 182 days’ worth of interest for CDs between six and 36 months
    • 12 months’ worth of interest for CDs over 36 months

Aside from its standard fixed-rate CD options, Fulton Bank of New Jersey offers a few extras from which to choose. Again, there are a few rules for these special CDs.

For the nine-month No Penalty CD, you can withdraw your money at any point penalty-free, but only after the first seven days. The five-year Relationship Banking CD requires you to have an active Relationship Banking checking account. And while most of these CDs have fixed rates, the interest rate on the 12-month Variable Rate CD can change after you open the account.

You can withdraw the interest that you’ve earned on your CD at any point without penalty. But once you start tapping into the principal, you’ll owe an early withdrawal penalty on the amount that you withdraw. Your CD will renew automatically at maturity, although you do get a 10-day grace period if you want to withdraw the money or make any changes to the CD.

How to get Fulton Bank of New Jersey’s regular CDs

If you’re interested in opening a regular CD at Fulton Bank of New Jersey, you can do so by visiting a local branch. There is no option to open CDs online, unfortunately.

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How Fulton Bank of New Jersey’s CD rates compare

Like most of its deposit accounts, Fulton Bank of New Jersey falls short in the interest rate department with these CDs. They’re very low, plain and simple. If you’re looking for a good fixed-rate CD that offers the best rates possible, you’d be better off checking our list of best CD rates.

Fulton Bank of New Jersey’s money market account options

Money Market

Maintain a minimum $1,000 in this account to avoid a monthly maintenance fee and to earn interest.
APYMinimum Balance to Earn APY
0.25%$1,000
  • Minimum opening deposit: $1,000
  • Minimum balance to earn APY: $1,000
  • Monthly account maintenance fee: $10, unless you keep at least $1,000 in the account
  • ATM fee: $2.50 for each out-of-network ATM transaction, plus any ATM surcharge fees from the ATM’s owner. You’ll also pay a 3% foreign transaction fee if you use your ATM card abroad.
  • ATM fee refund: None
  • Overdraft fee: $39, up to four times daily, but only if your account is overdrawn by more than $5. If your account goes for more than five days without being brought back to a positive balance, you’ll pay an additional $6 daily fee. You can also link another backup account to handle overdrafts. If you do this, you’ll only pay $12 for each day that an overdraft transfer occurs.

This is the basic-level money market account, but you’ll need to watch out for the monthly fee by keeping at least $1,000 in your account at all times. This isn’t an account you can drain once you reach your savings goal. You can also write checks and use an ATM card with this account, which is nice. But remember, as with any money market or savings account, you can only make six withdrawals per month from the account. The penalty that Fulton Bank of New Jersey charges for going over this amount is $12 per transaction.

How to get Fulton Bank of New Jersey’s Money Market account

You can apply for this account online or in person. Remember to bring your government-issued ID card with you because you need this during the application process. It’ll take about 15 minutes to apply. One important note is that any initial deposit you make into the account will be subject to a hold for a short period — seven business days (for initial deposits of less than $1,000) or 14 business days (for initial deposits over $1,000).

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Platinum Money Market

You can earn up to twice as much interest with this account compared to the standard Money Market account. Unfortunately, the rates are still lackluster.
APYMinimum Balance to Earn APY
0.30%$10,000-$24,999
0.35%$24,999.01-$49,999
0.44%$49,999.01-$74,999
0.44%$74,999.01-$99,999
0.51%$99,999.01-$249,999
0.51%$249,999.01-$999,999
0.51%$999,999.01-$1,999,999
0.51%Over $1,999,99.01
  • Minimum opening deposit: $10,000
  • Minimum balance to earn APY: $10,000
  • Monthly account maintenance fee: $25, unless you keep at least $10,000 in your account
  • ATM fee: $2.50 for each out-of-network ATM transaction, plus any ATM surcharge fees from the ATM’s owner. You’ll also pay a 3% foreign transaction fee if you use your ATM card abroad.
  • ATM fee refund: None
  • Overdraft fee: If you set up a linked overdraft protection account, you’ll only pay $12 for each day that an overdraft transfer occurs. If you don’t set up a backup account, you’ll pay $39 per overdraft, up to four times a day (if your account is overdrawn by $5 or less, you won’t pay these fees). If your account stays overdrawn for more than five days, you’ll also pay a $6 daily extended overdraft fee.

If high fees, mediocre returns and steep balance requirements are your cup of tea, then this is the account for you. You’ll need to keep $10,000 in the account at all times, otherwise you’ll be charged a $25 monthly service fee.

You can earn higher interest rates for even larger deposits in this account. The bank even has interest rate tiers up to, and over, $1,999,999. Unfortunately, the Federal Deposit Insurance Corp. (FDIC) only insures your money up to $250,000. If you deposit more than that in this account and the bank for some reason goes under, you could lose a huge chunk of your wealth in one fell swoop.

You can write checks or use an ATM card to withdraw cash with this account, but keep in mind that you’re limited to six withdrawals per month due to federal rules. If you go over that limit, you’ll pay a $12 per-item excess activity fee.

How to get Fulton Bank of New Jersey’s Platinum Money Market account

You have two options for opening this account: you can do so online (it’ll only take about 15 minutes) or at a local branch. Either way, you’ll need to provide a few identifying details, such as your Social Security number and a government-issued ID. One huge caveat with this account is that if you make an initial deposit over $50,000 into the account, that money will be tied up and unavailable for 30 business days.

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How Fulton Bank of New Jersey’s money market accounts compare

It should come as no surprise that Fulton Bank of New Jersey offers rock-bottom rates with its money market savings accounts as well. The top money market accounts are offering more than four times this bank’s best interest rate offer, and for no minimum deposit requirements to boot.

Similarly, like most of Fulton Bank of New Jersey’s other accounts, these come with high fees.

Fulton Bank of New Jersey’s IRA account options

IRA CD rates

These IRA CDs don’t offer a higher rate than the normal CDs like some banks do.
TermAPY
6 months0.20%
12 months0.30%
2 years0.60%
3 years1.55%
4 years1.01%
5 years1.26%
6 years1.77%
  • Minimum opening deposit: $1,000
  • Minimum balance amount to earn APY: $1,000
  • Early withdrawal penalty: This will depend on your IRA CD’s term length:
    • For the six-month IRA CD, you’ll pay either all interest earned or seven days’ worth of interest, whichever is greater
    • For IRA CDs between six months and 36 months, you’ll pay 182 days’ worth of interest
    • For IRA CDs over 36 months, you’ll pay 12 months’ worth of interest

You can open these IRA CDs within either a traditional, Roth or spousal IRA. If you have a sharp eye, you might have noticed that these IRA CDs offer the same rates as Fulton Bank of New Jersey’s regular CDs. But you don’t get any of the special CD options for the IRA CDs, such as Variable Rate or Bump-Up CDs. You can only choose from fixed-rate CDs.

When these CDs reach maturity, they’ll automatically renew for another term of the same length, but with the current interest rate. If you’d rather do something else, such as deposit more money, change the term length or withdraw the cash, you do get a 10-day grace period after the CD renews where you can do these things penalty-free.

How to get Fulton Bank of New Jersey’s IRA CDs

Fulton Bank of New Jersey doesn’t yet support online applications for its IRA CDs. This means that you’ll need to visit a local branch to open one of these accounts.

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How Fulton Bank of New Jersey’s IRA CD rates compare

IRA CDs can be a great way to save for retirement since it’s unlikely you’ll need to withdraw the cash until you are retired. Unfortunately, since IRA CDs typically return less than (non-insured) equity investments over the long run, it’s doubly important to get the highest rates you can find. And, unfortunately, these IRA CDs just aren’t it.

If you’d rather save for retirement with an IRA CD, we’d recommend one of these top IRA CD accounts instead of Fulton Bank of New Jersey’s IRA CDs. Many of these CDs are offering four times what this bank is doling out for its IRA CDs.

IRA Money Market

Fulton Bank of New Jersey offers an even lower rate on its IRA money market account as compared to its regular money market account.
APYMinimum Balance to Earn APY
0.15%$10
  • Minimum opening deposit: $10
  • Minimum balance to earn APY: $10
  • Monthly account maintenance fee: None
  • ATM fee: $2.50 for each out-of-network ATM transaction, plus any ATM surcharge fees from the ATM’s owner. You’ll also pay a 3% foreign transaction fee if you use your ATM card abroad.
  • ATM fee refund: None
  • Overdraft fee: $39 per item, up to four times a day, but only if you overdraw the account by more than $5. You’ll also need to bring the account balance back to positive within five days or you’ll start paying a $6 daily fee on the sixth day. You can also link a backup overdraft transfer account. If you do this, you’ll only pay $12 a day for each day an overdraft transfer occurs.

Perhaps even Fulton Bank of New Jersey knows that this account doesn’t offer a good enough interest rate to keep your money here for long. That’s because it advertises that the “money can be transferred to a different retirement account at any time” on the main product page. When you open your account, you’ll also need to choose between a traditional, Roth or spousal IRA.

One of the advantages of this account, however, is that it does come with an ATM card and checks — something pretty unusual for any IRA account (even if this is also a money market account). If you open this account, we suggest using that check-writing capability to move the money from this account to a higher-earning one.

How to get Fulton Bank of New Jersey’s IRA Money Market account

Unfortunately, you’ll need to visit a branch to open this account. You can’t do it online, which means you’re out of luck if you live away from the mid-Atlantic coastal area.

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Overall review of Fulton Bank of New Jersey’s banking products

Accounts at Fulton Bank of New Jersey come with plenty of fees and low rates. One benefit to banking with this financial institution is if you live in an area it serves and you want access to a brick-and-mortar bank. Unfortunately, that may not count for much.

You can find higher-yielding deposit accounts for every one of these categories at other banks and credit unions. You can also find institution that charge lower fees and have more relaxed requirements.

Fulton Bank of New Jersey also doesn’t publish the interest rates for half of its accounts online, and only offers detailed disclosure documents for its checking accounts. This lack of transparency could turn off consumers who want to comparison shop and understand terms before choosing a bank.

In sum: Save your money for a more consumer-friendly bank. They are not hard to find.

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