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Sunday, February 9, 2014 - 3:26 PMFirst Choice Bank - Details
First Choice Bank is offering 1.25% guaranteed through 2014 for balances above 250K. Since there are no recent comments on this site (that I could find), I thought I'd ask if anyone has had experience with this institution.

Thanks.
6
unmeshunmesh5 posts since
Oct 20, 2010
Rep Points: 56
1. Monday, February 10, 2014 - 7:23 AM
Thanks unmesh for posting this news!

This looks very similar to what Pacific Trust Bank (now Banc of California) offered last year.
6
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
2. Tuesday, February 11, 2014 - 6:44 AM
But isn't anything above 250k uninsured?  Why take that chance for 1.25%?
2
mustsavemoremustsavemore49 posts since
Jun 26, 2013
Rep Points: 152
3. Tuesday, February 11, 2014 - 8:57 AM
There are several ways to get FDIC insurance beyond 250K such as joint accounts, having payable-on-death beneficiaries and the like; hopefully one or more apply to your situation.

See FDIC: Electronic Deposit Insurance Estimator (EDIE)
2
unmeshunmesh5 posts since
Oct 20, 2010
Rep Points: 56
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