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

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APYMINMAXINSTITUTIONPRODUCTDETAILS
1.50%$1k-First Choice Bank (NJ)60 Month CD
1.20%$1k-First Choice Bank (NJ)48 Month CD
1.00%$1k-First Choice Bank (NJ)36 Month CD
0.90%$1k-First Choice Bank (NJ)24 Month CD
0.45*%$250k-First Choice Bank (NJ)Money Market Account
Accounts mentioned in this post. Rates as of July 27, 2016.

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

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....

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3.25% 14-Month CD at First Choice Bank in New Jersey

First Choice Bank has some competitive CD rates. The most competitive has an APY of 3.25% for terms of 14, 18 and 24 months. Minimum deposit is $1,000. The bank also has a competitive money market account with a 2.50% APY for balances from $10K to under $250K. These rates are listed in the bank's FAQs Page as of 2/25/09.

It appears a branch visit is required to open an account. The bank is located at 669 Whitehead Road, Lawrenceville, New Jersey.

It's a small one-office bank that just established in 2007....



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