Reports indicate that while consumer debt has reached an all-time high, the household savings
rate in America is at its lowest point since 1933. At First Choice, we know that amid layoffs, downsizing,
plant closings, and rising prices for fuel, saving money isn’t always easy. However, a regular savings regimen is an
important step toward both your short- and long-term financial security. That’s why First Choice offers a number of
options to make saving easy and affordable:
Regular savings -
With a minimum $25 deposit, opening a share account activates your membership and establishes your share of ownership in
First Choice, with dividends that are earned and paid quarterly.
Special Savings -
At First Choice, you can open a second savings account to meet whatever special savings need you may have (vacation,
daughter's wedding, college, etc.). This second special savings account earns quarterly dividends at the same rate as
your regular savings account; however, your special savings account requires no minimum deposit to open or maintain.
Super Saver -
Super Saver accounts allow you earn a higher dividend rate* than with our regular savings, and dividends are paid
monthly, further increasing your annual percentage yield. To qualify for the Super Saver rate, a minimum balance of
$2,500 must be maintained in order to continue receiving the Super Saver rate.
Christmas Club -
Avoid year-end holiday debt by setting aside cash for your holiday purchases in a First Choice Christmas Club account.
Just a little each month and you’ll be pleasantly surprised when shopping season arrives. A Christmas Club account carries
no minimum deposit or balance requirement and offers a competitive dividend rate. Some restrictions on withdrawals apply.
1st Kids Club -
The 1st Kids Club is open to eligible youngsters aged 12 and under. With a $25 minimum deposit, each club member receives
their share account, id card, piggy bank, "Savers Coins", and more. Each Kids Club account earns quarterly dividends and
receives a quarterly statement just like a grown-up account.