Choice Financial Group, a community bank in Grand Forks, N.D., is offering a 13-month CD that pays 2.51% APY.
That’s a quarter-point better than the top 12-month CD rates in our most recent survey, and more than twice the average return on one-year certificates of deposit.
Choice Financial calls it a RateBuilder CD because it includes an add-on provision. During the term of the CD you can add more money up to the amount of your original deposit — a $5,000 minimum.
The offer is available nationwide and you can apply on-line. But good deals from small banks rarely last very long, so do it now.
Click here to compare this offer with the best CD rates from dozens of other banks in our extensive database.
You might notice the 2.76% Choice Financials paying on its RateBuilder savings account. But that rate is only good for one month. After that it falls to 1.76% to 2.26%, depending on your balance.
We think you’re better off locking in the 2.51% for 13 months.
(9 votes, average: 3.78 out of 5)
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