Get all the blog posts delivered straight to your email


Choice Financial RateBuilder Savings Account

Category: Bank Deals, Savings Account Rates- Clark Schultz- 10:17 am/ May 21, 2009

Choice Financial is a FDIC-insured bank serving North Dakota, Minnesota, and South Dakota. This month the bank has launched an online savings account for a national audience with a very high introductory APY of 2.76%. The intro-APY only applies for the first 30 days, but don’t get despondent.  Why?  The rates that apply after 30 days are also competitive. And don’t forget that intro-rates are not that bad of a deal. Think of it like this.  A bank could change the rates of their savings account at anytime anyway, so perhaps knowing in advance that you are locked-in at a particular rate for a period of time is a good thing. More details about the Choice Financial RateBuilder Savings Account are below:

Savings Rates:

2.76% APY 30-day introductory rates

1.76% APY for account balances between $5,000 and $24,999

2.01% APY for account balances between $25,000 and $99,999

2.26% APY for account balances over $100,00

Features:

  • Minimum deposit $5,000
  • Maximum deposit $250,000
  • FDIC insured to the maximum per depositor
  • Easy online application
  • Interest credited quarterly
  • Fund your account by check, ACH or wire transfer
  • Available for personal accounts only
  • $50 closing fee if account is closed within 90 days

    • Link to Choice Financial

    1 Comment »

    1. Good point about intro-rate deals because my bank changed my money market account twice anyway within three weeks so the guarantee is better

      Comment by Melanie — May 26, 2009 @ 10:42 am

    RSS feed for comments on this post. TrackBack URL

    Leave a comment

    Bank Name: Your E-mail: Description (Please include URL):
    We HATE spam as much as you, we don't sell your e-mail address!