Bank · FDIC insured
OceanFirst Bank Savings Rates
OceanFirst Bank’s best savings rate is 1.25% APY on $10,000, with its FirstWave Money Market. Rates checked October 22, 2026.
How OceanFirst Bank’s savings rates compare
Compared with banks and credit unions near New York, NY-NJ, where OceanFirst Bank has the most branches. $10,000, best rate first.
This bank’s best
OceanFirst Bank
1.25%APY
- Requires
- None
- Minimum
- —
- Earns on $10,000 a year
- $125
FirstWave Money Market
Top rate
Woori America Bank
5.00%APY
- Requires
- Monthly account activity
- Minimum
- $1,000
- Earns on $10,000 a year
- $500
2nd-highest rate
HSBC USA
4.40%APY
- Requires
- Monthly account activity
- Minimum
- —
- Earns on $10,000 a year
- $440
OceanFirst Bank savings score
86
Savings score
Higher than 73% of U.S. banks and credit unions
- $1,000 balance$1,0000.05%
- $10,000 balance$10,0001.25%
- $100,000 balance$100,0002.00%
- QualifiedQualified1.25%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where OceanFirst Bank ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
FirstWave Money Market
1.25%APY
New money only. $10,000 minimum to receive promotional rates. Available for consumer and business.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $10,000 | 0.05% | — | |
| $10,000 – $100,000New money only; $10,000 minimum to receive promotional rates. | 1.25% | $125 | New money only; $10,000 minimum to receive promotional rates. |
| $100,000 – $250,000New money only; $10,000 minimum to receive promotional rates. | 2.00% | — | New money only; $10,000 minimum to receive promotional rates. |
| $250,000 – $500,000New money only; $10,000 minimum to receive promotional rates. | 2.25% | — | New money only; $10,000 minimum to receive promotional rates. |
| $500,000 and upNew money only; $10,000 minimum to receive promotional rates. | 2.50% | — | New money only; $10,000 minimum to receive promotional rates. |
Sources (1)
- oceanfirst.com · captured Sep 24, 2026
Money Market Account
0.03%APY
Requires a $1000 deposit to open. Rate may vary after account opening. Fees could reduce the earnings on the account.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $50,000Requires a $1000 deposit to open. Rate may vary after account opening. Fees could reduce the earnings on the account. | 0.03% | $3 | Requires a $1000 deposit to open. Rate may vary after account opening. Fees could reduce the earnings on the account. |
| $50,000 and upRequires a $1000 deposit to open. Rate may vary after account opening. Fees could reduce the earnings on the account. | 0.05% | — | Requires a $1000 deposit to open. Rate may vary after account opening. Fees could reduce the earnings on the account. |
Sources (1)
- oceanfirst.com/rates/savings-cds-rates · captured Oct 4, 2026
Special-purpose accounts
Holiday Club
0.03%APY
Available for ages 13+ (customers under 18 require an adult co-signer). OceanFirst checking or savings account required for end-of-year payout transfer. No maintenance fees or monthly service charges.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $1 and upA minimum balance of $1 must be in the account each day to earn interest and obtain APY. OceanFirst checking or savings account required for end-of-year payout transfer. Interest credited annually.$1 and up | 0.03% | $3 | A minimum balance of $1 must be in the account each day to earn interest and obtain APY. OceanFirst checking or savings account required for end-of-year payout transfer. Interest credited annually. |
Sources (1)
- oceanfirst.com/personal-banking/savings · captured Oct 4, 2026
KidSaveSmart
0.03%APY
Available to anyone 13 to 21 years old (customers under 18 require an adult co-signer). Requires a $25 deposit to open and maintain account. No monthly service fee.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Over $0Requires $25 deposit to open and maintain account. Rate may vary after account opening.Over $0 | 0.03% | $3 | Requires $25 deposit to open and maintain account. Rate may vary after account opening. |
Sources (2)
All captured Oct 4, 2026
SaveFirst Statement
0.03%APY
Requires an OceanFirst Visa debit card and checking account. Available to anyone 13 years or older (customers under 18 require an adult co-signer). No monthly service fee.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Over $0Requires an OceanFirst Visa debit card and checking account. $10 funding required at opening. Rate may vary after account opening.Over $0 | 0.03% | $3 | Requires an OceanFirst Visa debit card and checking account. $10 funding required at opening. Rate may vary after account opening. |
Sources (2)
All captured Oct 4, 2026
Statement Savings
0.03%APY
Available to anyone 13 years or older (customers under 18 require an adult co-signer). $5.00 monthly service charge waived if you maintain a $100 minimum balance.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Over $0Rate may vary after account opening. $5.00 monthly service charge waived with $100 minimum balance.Over $0 | 0.03% | $3 | Rate may vary after account opening. $5.00 monthly service charge waived with $100 minimum balance. |
Sources (2)
All captured Oct 4, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.