First Choice Bank has some competitive CD and money market rates. Its most competitive CD is the 2-year term which has a 2.25% APY. Other competitive ones include the 1.75% APY 18-month CD, 2.50% APY 3-year CD and the 3.00% APY 5-year CD. Minimum deposit is $1,000. These rates are listed in the bank's FAQs Page as of 6/15/2010.
The bank also has a competitive money market account with a 1.50% APY as of 6/15/2010 for balances from $10K to under $250K. The rate is 1.75% APY for balances over $250,000. This has a history of top rates. My last post on this bank was in January 2009 when the rate for balances from $10K to $250K was 2.50% APY.
It appears a branch visit is required to open an account. The bank is located at 669 Whitehead Road, Lawrenceville, New Jersey.
The bank's ratings for safety and soundness are strong: 4 stars (excellent) at BauerFinancial, 4 stars (sound) at Bankrate.com and an overall health score of 4 out of 5 at DepositAccounts.com (see our First Choice Bank rates and reviews page). The ratings are based on 3/31/10 data except for Bankrate.com which is based on 12/31/09 data. The bank is a member FDIC (FDIC Certificate # 58471).