5.0
Bankrate Score

1) Ally bank

Savings APY:  3.30%

CD APY: 1-year – 4.15%, 3-year – 4.25%, and 5-year – 4.25%

Monthly Fees: $0

Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? Though Ally doesn’t have any branches, customers can access their accounts at about 43,000 ATMs via Allpoint, an interbank network that provides surcharge-free ATM access to customers of participating financial institutions. Ally will reimburse up to $10 in out-of-network ATM fees per statement cycle.

Pros:

  • Online money management options.
  • Many branches and ATMs.
  • Use buckets to organize your money and visualize what you’re saving for
  • Set up boosters to optimize and maximize your savings, even if the rate changes after you open the account
  • Make changes as new priorities arise
  • Personalized recommendations to help you save more

Cons

  • Rates differ from area to area.
  • No branches

Ally Bank is a full-service online bank offering competitive rates, low fees, no minimums and 24/7 customer service. Headquartered in Sandy, Utah, and founded in 2009, Ally Bank is the digital-only banking division of Ally Financial Inc., which has roots dating back to the 1920s.

Like other online banks, Ally is suitable for consumers who are comfortable banking from their mobile device, tablet or computer. Along with checking, savings, money market and certificate of deposit (CD) accounts, Ally provides mortgages, auto loans, personal loans and investing and retirement services.

5.0
Bankrate Score

2) PNC Bank

Savings APY:  0.01% to 0.03%

CD APY: 1-year – 0.02%, 3-year – 0.02%, and 5-year – 0.02% with a minimum deposit of $1,000.

Monthly Fees: $7

Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? The PNC bank has in total 2,629 branches and 9,523 ATMs and is present in around 27 states. In Arizona PNC bank has 64 branches only.

Pros:

  • Different customer service options available.
  • Many branches and ATMs.
  • Online money management options.

Cons

  • Rates differ from area to area.
  • Overdraft fees are expensive.

PNC Bank is headquartered in Pittsburgh, Pennsylvania, and employs nearly 60 thousand people. It was founded on April 10, 1845, and currently has total assets of US $557 billion.

PNC Bank is a financial institution that provides banking, investing, and other financial services to individuals, small businesses, and commercial clients. PNC Bank offers a variety of checking accounts, savings accounts, certificates of deposit (CDs), and money market accounts. PNC Bank has been operating for more than 170 years and it has been ranked as one of the best banks in the United States. It provides services to all 50 US states, as well as to international customers.

5.0
Bankrate Score

3) Chase Bank

Savings APY:  0.01% (the rates are variable)

CD APY: 0.02% for 1 month CD term, with a minimum deposit amount of $1000

Monthly Fees: $0-$5 on Chase Savings; up to $25 on checking accounts

Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? Chase Bank has more than 4,700 branches and 16,000 ATMs across the United States. In Chase had 232 Arizona offices as of mid-2019, according to the Federal Deposit Insurance Corp.

Pros:

  • Nationwide presence with a broad range of banking products and services to choose from
  • Waivable monthly service fees
  • Earn an attractive bonus when you open a checking account
  • Mobile and online banking facilities that make transactions hassle-free and fast

Cons

  • Comparatively lower APY on savings and CD accounts
  • Monthly fees on certain checking accounts can be as high as $25

Chase Bank is one of the largest banks in the United States, offering an array of banking and financial services. These include personal savings & checking accounts, mortgages, credit cards, auto loans, business lending, investments, and payment processing.

Established in 1799, it is one of the oldest banks in the U.S., serving its customers for more than 223 years. In addition to its global presence in 100 countries across the world, it brings banking on the go through its online and mobile banking platforms.

5.0
Bankrate Score

4) Bank of America

Savings APY:  0.01% to 0.04%

CD APY: 1-year –  0.03%, 3-year – 0.03%, and 5-year – 0.03% with a minimum deposit of $1,000.

Monthly Fees: $12

Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? The Bank of America has 4,100 retail banking branches and 16000 free ATMs across the United States. In Arizona Bank of America has 44 Branches only.

Pros:

  • Waivable monthly fees
  • Multiple branches and free ATMs.
  • Convenient customer service channels

Cons

  • Low-interest on savings and CDs

Bank of America is the second largest bank in the United States by assets. It is also the second-largest bank in terms of market capitalization. It is also a multinational bank and financial services company that operates as a bank holding company.

Bank of America offers a range of financial services for both large and small businesses, as well as individual customers. It provides banking, investing, and other financial services to more than 20 million customers.  It is one of the Big Four banks, along with JPMorgan Chase, Citigroup, and Wells Fargo. Bank of America offers banking, investing, credit cards, mortgages, loans, and other financial services to individuals and businesses.

5.0
Bankrate Score

5) U.S. Bank

Savings APY:  0.01% with a minimum deposit of $25

CD APY: 1-year – 0.05%, 2-year – 0.05%, and 3-year – 0.15% with a minimum deposit of $500.

Monthly Fees: $4

Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? In the United States, there are about 2,400 physical branches and 4,200 ATMs.

Pros:

  • A wide range of products and services are available.
  • Oregon has hundreds of branches and ATMs.

Cons

  • Low APYs.

The name United States Bank first appeared in 1891, when it was created as the United States National Bank of Portland in Portland, Oregon. There are credit cards, loans, mortgages, and services available to assist you with your investing. The variety of accounts and services available makes it simple to keep all of your finances with one bank.

U.S. Bank is a huge, nationwide brand that can be found outside of Oregon. There are around 3,000 US Bank branches and ATMs located throughout the country. This might make the bank appealing to corporations and those who travel regularly for work.

5.0
Bankrate Score

6) Alliance Bank of Arizona

Savings APY:  0.49% with a minimum deposit of $100

CD APY: 1-year – 1.95%, 2-year – 1.90%, and 3-year – 1.96% with a minimum deposit of $500.

Monthly Fees: $3

Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? In Arizona Alliance Bank of Arizona has about 100 physical branches and ATMs located throughout the state and country.

Pros:

  • Backed by Bendigo and Adelaide Bank
  • Different customer service options available.
  • 100% member owned.
  • Support for local communities.

Cons

  • Small branch network.
  • Low APYs.

Alliance Bank is a little different than your typical bank. It is an independent social enterprise bank that is 100% owned by its members. It was formed when Bendigo and Adelaide Bank joined forces with four independent mutuals: BDCU Limited, Service One Mutual Limited, AWA Mutual Limited and Circle Mutual Limited.

Alliance Bank is a group of four separate mutuals: BDCU Limited, Service One Mutual Limited, AWA Mutual Limited and Circle Mutual Limited. Each of these Alliance Bank members started life as a credit union designed to look after the financial needs of a local community, and some have a history dating back more than 50 years.

The Alliance Bank Group was created in 2014 when these four mutual organisations teamed up with Bendigo and Adelaide Bank to create the Alliance Bank model. These mutuals then changed their names to highlight the new model.

As a 100% member-owned bank, Alliance Bank collectively has more than 40,000 members, 160 staff and 22 branches spread across NSW, the ACT, Victoria, Queensland and WA.

5.0
Bankrate Score

7) Bank of the West

Savings APY:  0.01%

CD APY: 1-year – 0.05%, 3-year – 0.1%, and 5-year – 0.15% with a minimum deposit of $1000.

Monthly Fees: $5 which can be waived with a minimum deposit of $500

Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? Bank of the West operates with 17 branches in 13 different cities and towns in the state of Arizona. The bank also has 486 more offices in eighteen states.

Featured Product Offerings: The bank offers regular banking services including savings accounts, checking accounts, loans, etc. However, the feature that makes them stand out is their oath to environmentally friendly banking practices.

Pros:

  • Easy to waive monthly fees
  • Low minimum balance for opening account

Cons

  • Low interest rates

Bank of the West or BNP Paribas was founded in 1874 and is serving people in the United States, but mostly in Arizona. Its most branches are located in Arizona only. It offers services to individuals, and businesses. It offers services like saving accounts, checking accounts, CDs, loans, and investments. The rates vary as per the account you choose and also whether it is for personal or business.

5.0
Bankrate Score

8) Desert Financial Credit Union

Savings APY:  0.10% with minimum $25

CD APY: 1-year -1.70%, 3-year – 2.75%, and 5-year – 3.00 % with a minimum deposit of $1000.

Monthly Fees: $0 No monthly service fees

Insured by: NCUSIF (National Credit Union Share Insurance Fund) an arm of NCUA.

How many branches are in the State? Desert Financial Credit Union has 51 branches in Arizona and service centers throughout Coconino, Gila, Maricopa, Pinal, and Yavapai counties and now statewide in Arizona.

Pros:

  • No monthly services fees with checking
  • Cash back and member discounts through the Relationship Rewards program
  • Courtesy overdraft coverage available
  • Minimum opening deposit of $25 with savings account
  • Full-featured mobile banking app

Cons

  • Not available in Apache, Graham, Greenlee and Santa Cruz counties
  • Fees aren’t any cheaper than traditional bank fees
  • Non-sufficient funds fee of $35 with no daily caps

Desert Financial Credit Union is a statewide credit union with 51 branches in Arizona. It was founded almost 80 years back and focuses on servicing the local communities with a members-first philosophy. Desert Financial Credit Union ranks as no. 12 in the latest GOBankingRates study of the Best Credit Unions of 2022. To bank with DFCU, you’ll need to live, work or worship in Arizona, be related to someone who banks at the credit union or be an employee of the bank.

Desert Financial Credit Union provides a full-service experience similar to most major banks. Accounts, savings, loans and wealth planning are all available under one umbrella.

5.0
Bankrate Score

9) Arizona Financial Credit Union

Savings APY:  0.25% with a minimum deposit of $25

CD APY: 1-year – 1.75%, 2-year – 2.10%, 3-year – 2.40%, 5-year – 2.60%  with a minimum deposit of $1,000.

Monthly Fees: No monthly fees

Insured by: NCUA (National Credit Union Administration)

How many branches are in the State? You can access your Arizona Financial account at more than 5,000 credit union locations nationwide through the CO-OP Shared Branch network.

Pros:

  • Earn points with our Visa® Signature Rewards or Platinum credit cards.
  • Cash Back When You Shop
  • Protect your Identity & Credit
  • Checking & Savings Made Easy
  • Full-featured mobile banking app

Cons

  • Small branch network.
  • Low APYs.

Founded in 1936, Arizona Financial is a locally-owned, not-for-profit financial cooperative that provides consumer and small business banking services to more than 155,000 members across Arizona. Become a member and find out what that means for you!

Arizona Financial Credit Union (or Arizona Financial) is a federally insured credit union headquartered in Phoenix, Arizona, United States. It has $2.8 billion in assets and is the second-largest credit union in the state. As of July 2022, there were 14 branch locations in the metropolitan Phoenix area.

Arizona Financial was established in 1936 as the Phoenix City Employees Federal Credit Union. This union merged with similar credit unions for city employees of Mesa (and Chandler), Scottsdale, and Tempe in 1981 to form Arizona Federal Credit Union, with 28,000 members and $48 million in assets. Arizona Federal would grow significantly through the years as a result of merging with other credit unions, through a conversion to a community charter, and by benefiting from the boom in population throughout the Phoenix metropolitan area.

5.0
Bankrate Score

10) Navy Federal Credit Union

Savings APY:  0.25% with a minimum deposit of $5

CD APY: 1-year – 3.00%, 3-year – 3.30%, and 5-year – 3.35% with a minimum deposit of $1,000.

Monthly Fees: $0

Insured by: NCUA (National Credit Union Administration)

How many branches are in the State? Among Navy Federal Credit Union’s 350 branches, many are located near military bases in places like Virginia, Maryland, and California. It also has 30,000+ free ATMs.

Pros:

  • No monthly fee
  • Free ATMs
  • Competitive interest rates

Cons

  • Lack of branches in Arizona
  • Limited only to military personnel and their relatives

The Navy Federal Credit Union was founded on March 13, 1933, as Navy Department Employees’ Credit Union. It has a total of $158.85 Billion in assets and around 11 million customers. The CO-OP Network offers free access to more than 30,000 ATMs. Its headquarter is in Vienna, Virginia, United States.

The Navy Federal Credit Union has competitive interest rates that benefit many potential customers. Even though it has a small number of branches around the USA, it helps its customers via mobile applications and provides the best customer support.

5.0
Bankrate Score

11) Oneaz Credit Union

Savings APY:  0.05% with a minimum deposit of $1000

CD APY: 1-year – 1.25% , 3-year – , and 5-year –  with a minimum deposit of $1000

Monthly Fees: $5 for  Benefits Checking

Insured by: NCUA (National Credit Union Administration)

How many branches are in the State? As of October 2022, there are 29 branch locations in the state of Arizona.

Pros:

  • Manage your finances on the go with our highly rated mobile banking app
  • New members get a $100 bonus when they open a new checking account.
  • Competitive interest rates
  • Community-focused

Cons

  • Offer fewer products and services
  • Low APYs.

In the summer of 1951 Mr. B.F. Hill, Chief Clerk of the Industrial Commission of Arizona, suggested that a credit union was needed for state employees. Clarene Slade, who worked in the accounting department, worked closely with Hill’s office to find support for a credit union. Slade, with the assistance from the Federal Bureau of Credit Unions, completed the necessary work and OneAZ Credit Union was born on October 31, 1951.

The Honorable Rose Mofford, former governor of Arizona, is a founding member of OneAZ Credit Union. Governor Mofford was a key supporter of the formation of the Credit Union and was instrumental in spreading the word with both elected officials and state employees at all levels. Governor Mofford served as a chair of our board which helped shape the course of the Credit Union. Today, OneAZ Credit Union is the largest state-chartered federally insured credit union in Arizona.

5.0
Bankrate Score

12) Truwest Credit Union

Savings APY:  0.5% with a minimum deposit of $0

CD APY: 1-year – 4.00%, 3-year -4.00% , and 5-year 4.00% –  with a minimum deposit of $500.

Monthly Fees: $0 No monthly service fees.

Insured by: NCUA (National Credit Union Administration)

How many branches are in the State? 9 branches in Arizona and 377 free ATMs in Arizona and 1,067 in Texas 30,000 free ATMs.

Pros:

  • Greater earnings for long-term goals
  • Mobile Card Manager for your debit card.
  • Easy-to-use online and mobile banking.
  • Flexible investment options
  • Mobile convenience

Cons

  • Requires to add minimum deposit for opening an account

TruWest Credit Union is headquartered in Tempe and is the 6th largest credit union in the state of Arizona. It is also the 297th largest credit union in the nation. It was established in 1952 and as of September of 2022, it had grown to 264 employees and 90,629 members at 13 locations. 

TruWest Credit Union operates as a financial cooperative. The Union provides financial solutions such as saving and checking accounts, loans, investment, credit and debit cards, security, ATMs, online banking, and other related services. TruWest Credit Union serves communities in the State of Arizona.


Average CD Rates in Nevada

Sidebar CD Rates

1-YEAR CD 1.96%
2-YEAR CD 2.20%
6-MONTH CD 2.10%
5-YEAR CD 2.47%
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