Dedicated to Deposits: Deals, Data, and Discussion
First Choice Bank (NJ)1.70%$1k-60 Month CD
First Choice Bank (NJ)1.35%$1k-48 Month CD
First Choice Bank (NJ)1.20%$1k-36 Month CD
First Choice Bank (NJ)1.00%$1k-24 Month CD
First Choice Bank (NJ)0.75%$250k-Money Market Account
Accounts mentioned in this post. Rates as of August 28, 2014

Top CD and Money Market Rates at First Choice Bank in NJ - Local Only - Update


First Choice Bank (NJ)

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).

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  Tags: money market accounts, First Choice Bank (NJ), CD rates, New Jersey

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