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Need to Know # - 13
Question Rating -2.00 out of 5.00
Question Rated - 1
Date Posted - Dec. 04, 2007
Last Updated -
Category - Membership Benefits
 
Q.  What advantages are there to banking with 1st Choice?
1st Choice Savings is insured through Credit Union Deposit Guarantee Corp. and covers all members excluding Common Shares, for 100% of their deposits. This is a significant difference when comparing Financial Institutions. As well, because you purchase shares in 1st Choice Savings, you are eligible to receive dividends at year end based on profitability of 1st Choice Savings. Ask yourself, "Do you receive money back from your Chartered Bank?"
 
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09/10/10
Product
Rate
Credit Union Prime Lending Rate 3.000%
Platinum Savings Accounts
   > $5000		 .85%
GIC 5 Years 1.900%
Maximizer and Golden Accounts > $5,000 0.25%
Exchange Rates USD 1.0557%
US Dollar GIC 30 Days 0.25%
Calculators