5-year CD rates at FedChoice higher than Maryland average by 48%
So, Don't Hide Your Money in the Mattress!
At a time when most rates on savings accounts have reached near rock bottom, we’re pleased to offer altogether better rates on our certificates of deposit. A quick look will show you our new rates are some of the highest around!
In order to help you grow your investments, FedChoice is happy to announce our certificates rates for 1-year, 18-month, 2-year and 5-year share/IRA share certificates. As of September 1, 2014, the regular and Earn More rates for these certificates are now higher by .25%! Our rates, before the increase, were 48% higher than the average rate at most other banks and credit unions in Maryland!~
Why should you invest with us? FedChoice has a long, established history of safety and security. For nearly 80 years, we’ve offered members a safe haven for their funds. And, FedChoice just received a 5-Star rating from Bauer Financial and was also ranked 73rd among the healthiest 200 credit unions in the country by DepositAccounts.com!* When you invest your money in FedChoice share accounts and IRAs, your funds are insured up to $500,000!
The first $250,000 of insurance is provided by the National Credit Union Administration (NCUA). FedChoice then kicks in an additional $250,000, at no cost to you, through coverage provided by the Excess Share Insurance Corporation (ESI).
What does a 5-Star rating mean? That we’re a safe, financially sound credit union that operates well above ourcapital requirements. What does this rating mean to you? You can have peace of mind and confidence knowing that your money is secure at FedChoice. It’s a great time to put more of your hard-earned money back in your pocket by taking advantage of these higher dividend rates.
~According to Datatrac - FedChoice Federal Credit Union (FedChoice) CD rates have outperformed the Maryland average for the 22nd week in a row, beating the market by 48% as of August 2014. Based upon Datatrac's evaluation of 237 banks and credit unions representing 2,190 banking locations in Maryland, a 5-year CD at $10,000 from FedChoice was 1.75%, which is significantly higher than the state average rate of 1.19%.
* Bauer Financial and DepositAccounts.com evaluate credit unions according to a number of factors i.e. capital, profitability, asset quality, deposit growth, etc.)