1.75% APY Certificate of Deposit offered at First Choice Bank
Among the most competitive CD rates offered in the market today is First Choice Bank’s 1.75% APY Certificate of deposit. However, what really puts it on top of its peers is its short maturity period. In 365 to 540 days, you can already earn this top yield. There are also lower certificate of deposit rates which are still considered top CD rates if only for their short maturity periods.
The 1.60% CD rates earned for a money in the bank deal that runs for 288 to 365 days is one of the best CD interest rates in the country today. If you’re looking for something just as competitive, then you’ll do well to look at the bank’s shortest CD deal. This runs for only 183 to 287 days, and could earn up to 1.35% APY.
Certificate of Deposit rates tend to fluctuate, though, so it’s better if you check their rates table first before opening an account. According to the phone banker, you will also have to visit one of their branches if you’re opening an account with them for the first time. Make a call, first, to find out what the document requirements are.
Make it a point to visit the bank’s website to check for the latest interest rates since these numbers can be changed any time without notice.
Currently, the First Choice Bank have branches in the suburb areas of Los Angeles, namely, Alhambra and Cerritos. This would be an excellent deal if only the bank fared better in the safety and soundness ratings. This isn’t the right deal for those who are looking for financial institutions with stable financial backbones. The bank’s scores are a bit below average. Bankrate.com gave them only two out of five stars, while BauerFinancial.com gave them three out of five stars.
If you’re willing to take the risk, you’d probably be comforted by the fact that the bank is federally insured. It is a member of the FDIC, and you can confirm this through FDIC Certificate #57966.


















