Banking for Individuals > Deposits

Find the perfect fit. Open your account online, today.

Choice Bank offers a variety of checking and savings accounts to meet your needs.

Checking Accounts

 

Your checking account is a constant companion. It’s there for your weekly grocery trip, a night on the town, that special birthday gift or the occasional splurge.

Choice Bank offers a better way. We want to be your bank, so we created checking accounts that match your priorities – whether it’s simplicity or the ability to earn interest.

Choice Basic

Best if you like things simple.

  • No Minimum Balance.
  • $100 Minimum Opening Deposit.
  • Free ATM withdrawals at over 32,000 MoneyPass ATMs nationwide. Plus: Rebates on your first two non-MoneyPass ATM withdrawals per statement cycle.6
  • eStatements.9
  • Online Banking & Bill Pay.
  • Mobile Banking App with card controls and mobile check deposit.8
  • First pack of checks is free.
  • SecureLOCK protection on debit card transactions.
  • Contactless Debit Cards and Mobile Wallet.
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Choice Plus

Best if you want more for your money.

  • Earns Interest.2,4,5
  • $500 Minimum Opening Deposit.
  • Free ATM withdrawals at over 32,000 MoneyPass ATMs nationwide. Plus: Rebates on your first two non-MoneyPass ATM withdrawals per statement cycle.6
  • eStatements.9
  • Online Banking & Bill Pay.
  • Mobile banking app with card controls and mobile check deposit.8
  • First pack of checks is free.
  • SecureLOCK protection on debit card transactions.
  • Contactless Debit Cards and Mobile Wallet.
  • Tiered rate account.4
  • You must maintain a daily collected balance of $500 to earn interest.3,4,5
  • No annual fee for overdraft protection for the first year.2
  • Complimentary notary service, money orders, and cashiers checks.
  • Preferred rate on loans when your payment is automatically deducted from a checking account.1,2
  • Preferred rate on CDs.10
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1 Certain restrictions may apply. 2 Subject to credit approval. 3 Interest is compounded and credited monthly on checking accounts. 4 Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example: checks).  5 Rates subject to change at any time after account opening. 6 You may be charged a foreign ATM fee. Choice Financial will refund the first two non-MoneyPass withdrawals per statement cycle.  7 The account must remain open and in good standing. 8 Some fees may be assessed by your Mobile Service Provider. 9 A paper statement fee of $2.00 will be charged each month if selected. The fee will be waived for electronic statements. 10 Certain restrictions may apply.

Savings Accounts

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

Simple
Higher Interest

First Choice Savings

Best if you like things simple.

  • No required minimum balance to earn the market rate of interest.1,2,3,4
  • eStatements.5
  • No paper statement fee for minors under 18 years of age.
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1 Certain restrictions may apply. 2 Rates subject to change at any time after account opening. 3 Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example checks). 4 Interest is calculated by the daily balance method which applies a daily periodic rate to balance in the account each day. 5 A paper statement fee of $2.00 will be charged each quarter if selected. The fee will be waived for electronic statements.

Money Market Savings

Best if you want more for your money.

  • Tiered rate account.2
  • Earns market rate of interest when a $1,000 daily collected balance is maintained.1,2,3,4
  • $1,000 Minimum Opening Deposit.
  • If daily balance drops below $1,000 any day during the statement period a $10 monthly service charge will be assessed.
  • There is an excess transaction fee of $5 per month for each covered withdrawal over six per month.
  • eStatements.5
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1 Certain restrictions may apply. 2 Rates subject to change at any time after account opening. 3 Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example checks). 4 Interest is calculated by the daily balance method which applies a daily periodic rate to balance in the account each day. 5 A paper statement fee of $2.00 will be charged each quarter if selected. The fee will be waived for electronic statements.

Certificates of Deposit (CDs)

Lock in your rate with a Choice Bank 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, 36, 48 and 60 month terms available

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

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
  • Convenient 3, 6, 12, 24, 36, 48, or 60 month terms available
  • Automatically renews
  • Coverdell Education, Roth, and Traditional IRA options available
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Certain restrictions may apply. Rates subject to change at any time. Early withdrawal penalty may apply. FDIC insured up to the maximum amount allowed.

Returns on Large Investments (CDARS)

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).
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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.