Why First Choice for Savings Accounts?
We want what’s best for you at First Choice America, and that means helping you save any way we’re able. The purpose of a savings account is to accumulate funds, not to spend them on daily or monthly budget items. When we think of savings accounts, we think of long-term goals and those unfortunate circumstances we always hope to avoid, also known as emergencies. For our customers, we want to increase the quality of their money and to help them manage it resourcefully.
What to expect when choosing First Choice for Savings Accounts?
At First Choice, we want to reward our customers when it comes to their saving efforts. First Choice America Community CFCU offers a tiered rate structure for savings accounts. Members are rewarded with higher dividend rates as they reach specified levels of savings.
The annual percentage yields are accurate as of the last dividend declaration date and are subject to change at any time.
Regular Savings Accounts Rates
Effective January 1, 2021
|Average Daily Balance||Rate||APY|
|$40,000.00 – And Over||.100%||.10%|
|$20,000.00 – $39,999.99||.075%||.08%|
|$10,000 – $19,999.00||.075%||.08%|
|$100.00 – $9,99999||.050%||.05%|
How to Start a Savings Account at First Choice?
Simply begin by purchasing a $5 share and this will open up your savings account. As long as you have at least $5 remaining in your savings, you’ll remain a customer of First Choice America CFCU.