Highest Arizona CD (Certificate of Deposit) Rates

Certificates of deposit are a great investment tool because it allows investors to earn income at no risk. Unlike regular savings accounts, however, certificates of deposit have their own limitation. Also, in order to take advantage of its benefits, depositors must exert some effort in looking for the best rates. AZ-Arizona CD (Certificate of Deposit) Rates are also promising when compared with the national average rate. This article mentions some of the popular local banks in Arizona plus the APYs and interest rates of each.

Compare the Best CD Rates in Arizona

Account Type:
Certificates of Deposit
Amount:
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Know the Local Arizona CD Rates

The Arizona CD (Certificate of Deposit) rates of local banks are summarized below.

As of present, Metro Phoenix Bank has the following interest rates for its 3 Month, 6 Month, 12 Month, 24 Month, 36 Month, 48 Month and 60 Month CDs: 0.60%, 0.75%, 1.00%, 1.45%, 1.80%, 2.15% and 2.45% respectively. The Annual Percentage Yields (APYs) are the following in order: 0.60%, 0.75%, 1.00%, 1.46%, 1.81%, 2.17% and 2.47%. The rates are the actual rates provided in the banks Deposit Rate Sheet. Metro Phoenix Bank is a FDIC member and insures up to at a maximum of $250,000 per depositor until December 31, 2013. According to its website, by January 1, 2014, the insured amount will be up to $100,000 per depositor again.

Pinnacle Bank, an advocate of small businesses and community group, is another Arizona based bank that offers strong AZ-Arizona CD (Certificate of Deposit) rates. With a minimum opening balance of $1,000, its APY rates for each term CD are 1.10% - 180 Day; 1.50% - 1 Year; 1.55% - 18 Months; 1.75% 2 - Year; 2.10% 3 - year; 2.30% 4 - year and 2.5% - 5 Year CDs. The CDs in Pinnacle Bank automatically renews and any early withdrawal, that is prior the maturity, may be charged with a penalty. Pinnacle Bank offers an online banking feature that is equipped with a security add-on: Multi-Factor Authentication. It requires depositors to register their computers to the website for personal recognition. Another layer of security is the Security Challenge which is available to unrecognized computers. Deposits to this bank are all FDIC-insured.

Copper Star Bank is a participating FDIC member located in Scottsdale, Arizona. At present, it has established two other branches in Arizona: one in Deer Valley and the other in Thunderbird. As for its AZ-Arizona CD (Certificate of Deposit) Rates, it has a 30 Day CD, the lowest term CD, with an interest rate and APY of 0.50% and a 60 Month Regular CD with a 2.52% interest rate and 2.55% APY. All CDs require a $500.00 minimum deposit and their early withdrawal calls for a withdrawal penalty fee. The only type of CD that can be withdrawn at least twice for no charge in Copper is the 12 Month Penalty Free CD. As to the Copper Star Bank Website, it has a useful calculator tool for each of the different accounts. A depositor can compute his or her earnings in a CD by using the CD calculator. After entering the available funds, the term and a couple of other details, the depositor will be able to view the APY and the ending balance expected after the end of the term entered.

Trust Bank has peculiar terms of 91 Day and 182 Day CDs with 0.35% and 0.75% APYs and interest Rates. In addition, both terms require a minimum initial deposit of $2,500. The other term CDs ranging from a 9 Month to 60 Month CDs all require a deposit of $500. Trust Bank also offers other type of CDs such as DreamBuilder CD, which can help investors "reach their dreams and goals", and the Peace of Mind CD, which "takes the stress out" in managing their finances. Other features of the Trust Bank website are the LifeLock Identity Theft Program and the iChecking.

CD Rates by State:

ONLINE SAVINGS ACCOUNT

  • No minimum balance
  • Competitive rates, No risk

MONEY MARKET ACCOUNT

  • High rates, Access to money
  • FDIC Insured

CD Types


CDs Overnight Averages

Product
Yield
+/-
Last week


3 Mo CD
0.11
-
0.11


6 Mo CD
0.17
-
0.17


1 Yr CD
0.26
-
0.26


1.5 Yr CD
0.33
-
0.33


5 Yr CD
1.02
-
1.02


CDs Guides