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Fulton Bank of New Jersey Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Fulton Bank of New Jersey Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1989, Fulton Bank of New Jersey has $4 billion in assets and $3 billion in deposits, classifying the institution as a large bank. Fulton Bank of New Jersey, whose headquarters are in Mount Laurel, New Jersey, lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. With a score of 3.9 out of 5 stars, Fulton Bank of New Jersey should be near the middle of the pack in your search for a bank. Fulton Bank of New Jersey offers a complete array of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. Fulton Bank of New Jersey has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Fulton Bank of New Jersey's standard checking account does not have a monthly fee. Obtaining a checking account with no monthly fee as well as a savings account with a high APY at the same institution is the best bet for accruing the most income on your deposits while maintaining easy access to your money.

How We Rated It

SmartAsset's Overall Rating

3.9/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

2.9
SmartAsset Average: 3.5

Fulton Bank of New Jersey has a savings rate of 0.05%, which is fair compared to other U.S. banks. Its CD rates are 0.30% and 1.55% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 0.25%. Given its poor savings rate, you should consider opting for higher earning savings accounts with other banks.

How Fulton Bank of New Jersey's Savings Rates Compare

Fulton Bank of New Jersey Savings 0.05 National Average 0.26 Compare Offers
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Fees

3.5
SmartAsset Average: 4.4

On average, Fulton Bank of New Jersey charges customers high fees in comparison to the average U.S. bank. With no monthly fee, Fulton Bank of New Jersey's checking account is perfect for people who want a hassle-free banking experience. Additionally, at $39.00, its overdraft fee is slightly greater than the average overdraft fee charged by U.S. banks. Fulton Bank of New Jersey unfortunately doesn't reimburse out-of-network ATM charges, which means you'll need to search for a Fulton Bank of New Jersey ATM or pay the ATM charge.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $39.00 National Average: $35.00
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Service Quality

4.3
SmartAsset Average: 3.7

Fulton Bank of New Jersey is a brick-and-mortar bank, with 63 total branches in New Jersey. With mobile and web apps, Fulton Bank of New Jersey makes account access convenient, even on the go. It does not provide access to all-day customer service with representatives. You can get help during its hours, which are Monday through Friday, 7:00 a.m. to 8:00 p.m. ET; Saturday, and 8:00 a.m. to 3:00 p.m. ET. Fulton Bank of New Jersey gets high marks from customers for its mobile platform. Out of 700 ratings across both iOS and Android platforms, the Fulton Bank of New Jersey mobile app is scored at 4.6 out of 5 (compared to the national average of 3.8). You can use Fulton Bank of New Jersey's app to control your finances by reviewing current statements, transferring money as well as accessing support representatives. Fulton Bank of New Jersey receives a superb consumer satisfaction score based on comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.7
SmartAsset Average: 4.8

Fulton Bank of New Jersey is currently a large bank and has $4 billion in assets as well as $3 billion in deposits. Fulton Bank of New Jersey's Texas Ratio is 6.22%, denoting a small possibility of failure. Additionally, Fulton Bank of New Jersey is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

6.22%
High Risk 75% 50% 20% 10% Low Risk

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare Fulton Bank of New Jersey to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $50
Checking Account 0.02% APY $1000
Certificates of Deposit
  • 12 Month: 0.30% APY
  • 24 Month: 0.60% APY
  • 36 Month: 1.55% APY
  • 48 Month: 1.45% APY
  • 60 Month: 1.55% APY
$1000 for all terms
Money Market Accounts 0.25% APY 0.25% APY $10000 $15000

Fulton Bank of New Jersey has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Fulton Bank of New Jersey does not have the best savings rate, which means you should think about taking a look elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Fulton Bank of New Jersey's CD rates are fair in comparison to other U.S. banks.

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Find a Fulton Bank of New Jersey Near Me

Fulton Bank of New Jersey has 63 locations across the U.S.

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