Popular Posts

Long-Term Flexible CD Special at First Choice Credit Union in SE Florida - Local Only


First Choice Credit Union is offering a 4.25% APY CD special. The downside is that it's a 10-year term. However, it has some liquid features that may ease your mind about locking into this very long term. First, it allows additional deposits. There is a limit of $25,000 which is the maximum amount you can have in this CD per member. Minimum deposit is $1,000. The second flexible feature is that it allows a penalty-free withdrawal each year of 20% of the balance. The credit union's promotions page lists the 4.25% APY and the account details as of 2/09/2010.

I emailed the credit union with some additional questions. According to the CSR, the 10 year CD is paid out on a quarterly basis. It can be deposited into your savings account instead of rolling over. They currently don't have an end date and expect to be offering this for a while.

Membership is open to anyone who lives or works in Palm County, Florida. Also eligible are all employees and retirees of the Federal Government and veterans of any branch of the service living in one of several Southeast Florida counties. Please refer to the credit union's membership page for the full details.

The credit union's ratings for safety and soundness are a little weak: 3 stars (adequate) at BauerFinancial and 1 star (lowest) at Bankrate.com. Both ratings are based on 9/30/09 financial data. The credit union is federally insured by the NCUA (Charter # 67725).

Related Pages: First Choice Credit Union (FL), West Palm Beach, CD rates
  |     |   Comment #1
They are located in PALM BEACH COUNTY. Main office is 1055 S Congress Ave, West Palm Beach, FL. They are also a member of Credit Union Services.

Love your work on the blog Banking Guy. You save us all a lot of time and make us money.
  |     |   Comment #2
Thanks for the info and the feedback.
  |     |   Comment #3
Do they allow you to open up more than 1 CD under the 10 year cert ?

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.