Put your money where our bank is.

Whether you want a larger rainy day fund, stronger returns on larger savings amounts, or retirement savings, the goal for your money is clear: Grow baby grow!

Choice Financial offers a better way. No matter your goal, our savings options will help you get there.

 

Savings Account Options

Savings accounts offer a foundation for nearly any financial plan. Choice gives you two competitive options, plus a savings club designed for kids.

  • First Choice Savings

    Best if you like things simple.
  • Choice Market Investment

    Best if want more for your money.
  • Adventure Club

    Best for kids up to age 14 to learn savings basics.

 

Savings Details

First Choice Savings

 

  • Earns market rate of interest when a $200 daily collected balance is maintained. 2,3,4,5
  • If current balance drops below $200 any day during the statement period, $2 monthly service charge will be assessed.
  • There is an excess transfer fee of $2 for each withdrawal in excess of six per month.3

Choice Market Investment

 

  • Tiered rate account.2
  • Earns market rate of interest when a $1,000 daily collected balance is maintained.1,2,4, 5
  • If current balance drops below $1,000 any day during the statement period a $10 monthly service charge will be assessed.
  • There is an excess transfer fee of $2 for each withdrawal in excess of six per month.3

Adventure Club

 

  • A savings program just for kids up to age 14.
  • $25 minimum opening deposit.
  • Earns interest on entire balance.2,3,4,5
  • Free gifts.1
  • Fun mailings with activities, games, or art projects.

1Certain restrictions may apply. 2Rates subject to change at any time. 3Federal regulation allows no more than six pre-authorized transfers per month on any savings account. 4Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example: checks). 5Interest is calculated by the daily balance method which applies a daily periodic rate to balance in the account each day.

 

Certificates of Deposit (CDs)

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Lock in your rate with a Choice Financial CD and select from a variety of term options. Our fixed rate of investment is guaranteed through the term of your CD and your money is insured up to the FDIC maximum.

  • $1,000 minimum opening deposit
  • Earns market rate of interest
  • Automatically renews
  • 3, 6, 12, 24, and 36 month terms available

 

Certain restrictions may apply. Rates subject to change at any time. Early withdrawal penalties apply.

 

Find a Location

 

 

Individual Retirement Accounts (IRAs)

 

Plan your retirement with an IRA. We offer Coverdell Education, Roth and Traditional IRAs. They’re FDIC insured and tax-deferred – what a great way to save.

  • $100 minimum opening amount
  • Earns market rate of interest
  • 18-month CD term – variable or fixed rate option
  • Automatically renews
  • $15 annual fee
  • Coverdell Education, Roth, and Traditional IRA options available

 

Certain restrictions may apply. Rates subject to change at any time. Early withdrawal penalty may apply. FDIC insured up to the maximum amount allowed.

 

Learn More

 

 

Returns on Large Investments (CDARS)

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CDARS® is a safe and smart investment vehicle if you’re looking to protect large-dollar investments. You earn CD-level returns that may compare favorably to Treasury and money-market-fund yields.

CDARS provides access to multi-million-dollar FDIC insurance. That’s why thousands of safety-conscious institutional investors, businesses, non-profits and public funds/governments choose CDARS. It’s the easiest way to access multi-million-dollar FDIC insurance through our bank.  (Limits apply.)

With CDARS you have:

  • The ease of working through one trusted relationship, earning one rate per maturity, and receiving consolidated statements.
  • The ability to forego ongoing collateral tracking if you are accustomed to doing so.
  • The power of daily compounding.
  • A finite maturity date (in contrast to auction-rate or some adjustable-rate securities).

 

How CDARS Works

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Learn More About CDARS

 

 

CDARS CDs are considered bank deposits. They are not Depository Trust Company (DTC) eligible and, currently, no secondary market exists. Early withdrawals are available, but require the payment of a substantial penalty.

You should compare the current rates and features of CDs (including CDs placed through the CDARS service) to other investment alternatives. Past performance may not be representative of future performance or success.

Weekly and overall limits apply. If a depositor is subject to restrictions with respect to the placement of funds in depository institutions, it is the responsibility of the depositor to determine whether the placement of the depositor’s funds through CDARS or a particular CDARS transaction satisfies those restrictions. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with our bank. The agreement contains important information and conditions regarding the placement of funds by our bank through CDARS.