| Bank or Credit Union | Apy | Min | Max | Product | |
| First Choice Bank (NJ) | 2.10% | $1k | - | 60 Month CD | |
| First Choice Bank (NJ) | 1.85% | $1k | - | 48 Month CD | |
| First Choice Bank (NJ) | 1.65% | $1k | - | 36 Month CD | |
| First Choice Bank (NJ) | 1.40% | $1k | - | 24 Month CD | |
| First Choice Bank (NJ) | 1.10% | $250k | - | Money Market Account |
Top CD and Money Market Rates at First Choice Bank in NJ - Local Only - Update
First Choice Bank has made some rate cuts since my June post, but the bank continues to offer competitive CD and money market rates. The best CD rates include a 3.00% APY 5-year CD, a 2.75% APY 4-year CD, a 2.50% APY 3-year CD and a 2.00% APY 2-year CD. Minimum deposit is $1,000. These rates are listed in the bank's FAQs Page as of 9/28/2010.
The bank also has a competitive money market account with a 1.25% APY as of 9/28/2010 for balances from $10K to under $250K. The rate is 1.50% APY for balances over $250,000. This money market account has a history of top rates. For balances from $10K to $250K, the yield was 1.50% back in June and 2.50% back in January 2009.
It appears a branch visit is required to open an account. The bank now has branches in Lawrenceville, Hamilton and Robbinsville, New Jersey, and it will soon be opening a new branch in Mercerville.
The bank has an overall health score of 4 out of 5 with a Texas Ratio of 17.44% (excellent) based on 6/30/10 data. Please refer to our financial overview of First Choice Bank for more details. The bank has been a FDIC member since 2007 (FDIC Certificate # 58471).
Searching for the Best Money Market & CD Rates
Banks Mentioned in this Post:
| First Choice Bank (NJ) Locations: 5 Health Rating:  |   |
| Recent Posts: Top CD and Money Market Rates at First... | 3.25% 14-Month CD at First Choice Bank... | |
Add Your Comment
Post a Comment