Choice Financial Savings Account
Choice Financial is offering a great bank deal nationwide currently with two deposit deals. The first which is a high yield savings account is running at 3.26% APY.
The second is a 13 month Certificate of deposit with a 3.01% APY. both of these bank deals are available nationwide as well. For those that live in Minnesota, Montana, North Dakota or South Dakota there is also a special introductory savings account rate of 3.76% APY for the first 30 days. Following is a tiered interest rate system which is based on your savings investment.
Remember if you close the account before the interest is completely accrued, you will lose the interest on the newly opened savings account. There are some basic things you will need to do to qualify for this bank deal which includes depositing $5,000 to open the account. If you go below the $5000 dollar mark there is a $2 dollar monthly fee. Also if you close the account early there is a penalty fee of $50 dollars, so it would be a good idea if you are investing this money to make sure it will not be needed in the near future for any reason. Choice Financial has currently 11 branches in the Dakotas which include the following cities, Langdon, Walhalla, Petersburg, Goodrich, Grafton, Grand Forks, South grand Forks, West Fargo and South Fargo.
If you have any other questions about savings or checking accounts, as well as CD rates at Choice Financial, you will want to speak with one of their representatives on current interest rates.