First Choice Bank continues to provide attractive interest rate for their short term and long term certificate of deposit. This money in the bank deal has 5 tiers and has the following current interest rate:

$2,500 to $4,999 and $5,000 to $49,999

• 6 to 9 months                     1.00% APY
• 9 months to 1 year              1.20% APY
• 1 year to 18 months            1.30% APY
• 18 to 24 months                 1.50% APY
• 36 months                          1.80% APY
• 48 months                          2.00% APY
• 60 months                          2.30% APY

$50,000 to $99,999 and $100,000 to $499,999

• 6 to 9 months                     1.10% APY
• 9 months to 1 year              1.25% APY
• 1 year to 18 months            1.35% APY
• 18 to 24 months                 1.60% APY
• 36 months                          1.90% APY
• 48 months                          2.10% APY
• 60 months                          2.40% APY

You can earn these top CD rates when you open an account and deposit a minimum of $2,500. You also need to maintain this balance to start earning these best interest rates. In case it goes below $2,500 you do not have to worry since the account doe not charge a maintenance fee. There would only be a penalty charge on the account if you make an early withdrawal. The earnings of this certificate of deposit is compound and credited on to your account monthly.

The bank automatically renews your account once it matures. In case you decide to withdraw your money, you will have to notify the bank a few days after the maturity date. This certificates of deposit do not have a monthly service charge. The bank does not issue paper bank statements but you can subscribe for an electronic bank statement via online banking. Take note that the interest rates may change anytime without prior notice.

This best certificate of deposit rate is only offered to customers who lives or works from their local market area in the counties of Los Angeles and Orange. You can also call the bank if you have questions with regard to their certificate of deposit and current interest rate thru 1877-256-9809.

The bank has 2 branches located in the cities of Alhambra and Cerritos in the state of California.

First Choice Bank has been providing its services to its customers since 2005. They currently have $197 million in declared assets. The bank is also a member of the Federal Deposit Insurance Corporation with certificate number 57966.