Best CD Rates in Arizona

Arizona comprises a very vibrant financial landscape. In this diverse investment options, Certificates of Deposit (CDs) stand out as an only option for stability and security.

It offers a guaranteed return in a world of financial uncertainties. Whether you are a saver or a strategic planner that aims for short-term gains or long-term growth, it is better to navigate the best CD rates.

With a large number of banks and credit unions, it is quite competitive to find the highest CD rates. However, to make a smart financial move that aligns with your goals and dreams, here is a proper guide stated below. The article will uncover the best CD rates in Arizona.

Overall Best CD Rates in Arizona

No.	Name of  the Bank	APY %	Term Length	Address
1	Arizona Central Credit  Union	5.75%	36-month	2020 N. Central Ave., Suite 100, Phoenix, AZ 85004
2	Hughes Federal Credit  Union	5.65%	17-month	971 W. Wetmore Rd., Tucson, AZ 85705
3	BMO Harris Bank	5.50%	12-month	1 E. Camelback Rd., Phoenix, AZ 85012
4	Altier Credit Union	5.37%	3-month	6846 E Warner Rd Mesa, AZ 85212
5	Vantage West Credit Union	5.36%	15-month	2480 N. Arcadia Ave., Tucson, AZ 85712
6	Western Alliance Bank	5.28%	6-month	1 E. Washington St., Suite 1400, Phoenix, AZ 85004
7	Goldwater Bank, N.A.	5.05%	3-month	7135 E Camelback Rd Scottsdale, AZ 85251
8	MidFirst Bank	5.00%	182-days	3030 E. Camelback Rd., Phoenix, AZ 85016
9	Desert Financial Credit  Union	5.00%	6-month	148 N. 48th St., Phoenix, AZ 85034
10	OneAZ Credit Union	5.00%	6-month	2355 W. Pinnacle Peak Rd., Phoenix, AZ 85027
11	Wells Fargo	5%	7-month	100 W. Washington St., Phoenix, AZ 85003
12	Beal Bank USA	4.96%	3-month	7001 N Scottsdale Rd Scottsdale, AZ 85253
13	Canyon Community Bank, National Association	4.91%	3-month	7981 N Oracle Rd Tucson, AZ 85704
14	U.S. Bank	4.90%	9-month	101 N. 1st Ave., Phoenix, AZ 85003
15	Alliance Bank of Arizona	4.90%	12-month	1 E. Washington St., Phoenix, AZ 85004
16	AEA Federal Credit Union	4.89%	3-month	1780 S First Ave Yuma, AZ 85364
17	Canyon State Credit Union	4.80%	12-month	3440 W. Deer Valley Rd., Phoenix, AZ 85027
18	Copper State Credit Union	4.80%	12-month	15458 N. 28th Ave., Phoenix, AZ 85053
19	Pyramid Federal Credit Union	4.80%	48-month	7740 E. Speedway Blvd., Tucson, AZ 85710
20	Washington Federal Bank	4.70%	13-month	2196 E. Camelback Rd., Suite 100, Phoenix, AZ 85016
21	National Bank of Arizona	4.40%	3-month	1985 E River Rd Tucson, AZ 85718
22	Coconino Federal Credit  Union	4.08%	15-month	2800 S. Woodlands Village Blvd., Flagstaff, AZ 86001
23	Alhambra Credit Union	4.06%	6-month	7339 N. 35th Ave., Phoenix, AZ 85051
24	Zions Bank	4.05%	12-month	Online
25	Arizona Bank & Trust	4.05%	3-month	2036 E. Camelback Rd., Phoenix, AZ 85016
26	Pima Federal Credit Union	4.05%	12-month	6850 N. Oracle Rd., Tucson, AZ 85704
27	TruWest Credit Union	4.05%	15-month	1667 N. Priest Dr., Tempe, AZ 85281
28	FirstBank	4.02%	24-month	2525 E. Camelback Rd., Suite 115, Phoenix, AZ 85016)
29	Gateway Commercial Bank	4.00%	6-month	Online
30	Metro Phoenix Bank	4.00%	13-month	4686 E. Van Buren St., Suite 150, Phoenix, AZ 85008
31	Bell State Bank & Trust	4.00%	3-month	8349 W Bell Rd Peoria, AZ 85382
32	Tucson Federal Credit  Union	3.93%	18-month	1160 N. Winstel Blvd., Tucson, AZ 85716
33	Bank of America, National  Association	3.93%	3-month	3500 E Sunrise Dr Tucson, AZ 85718
34	FirstBank	3.92%	3-month	19403 N R H Johnson Blvd Sun City West, AZ 85375
35	SunWest Federal Credit  Union	3.82%	12-month	11839 N. 28th Dr., Phoenix, AZ 85029
36	Arizona State Credit Union	3.69%	3-month	10718 N Oracle Rd Oro Valley, AZ 85737
37	Pinnacle Bank	3.25%	60-month	14287 N. 87th St., Suite 123, Scottsdale, AZ 85260
38	Arizona Federal Credit  Union	3.05%	12-month	333 N. 44th St., Phoenix, AZ 85008
39	Republic Bank of Arizona	3.05%	3-month	645 E. Missouri Ave., Suite 108, Phoenix, AZ 85012
40	BBVA USA	3.04%	18-month	Online
41	Northland Pioneer College Credit Union	3.04%	12-month	Online
42	Chase Bank	3.00%	12-month	201 N. Central Ave., Phoenix, AZ 85004
43	Sunstate Bank	3.00%	24-month	Online
44	AERO Federal Credit Union	2.87%	3-month	5811 W Talavi Blvd Glendale, AZ 85036
45	Comerica Bank	2.86%	36-month	2804 N. Central Ave., Phoenix, AZ 85004
46	Horizon Community Bank	2.86%	6-month	225 N. Lake Havasu Ave., Lake Havasu City, AZ 86403
47	Navy Federal Credit Union	2.75%	3-month	1150 E Bell Rd Phoenix, AZ 85022
48	MariSol Federal Credit  Union	2.33%	24-month	1515 W. Roosevelt St., Phoenix, AZ 85007
49	Prescott Federal Credit  Union	2.08%	48-month	online
50	American Southwest Credit Union	2.03%	15-month	3090 E. Fry Blvd., Sierra Vista, AZ 85635
51	First Credit Union	2.00%	3-month	25 S. Arizona Pl., Suite 111, Chandler, AZ 85225
52	Mohave Community Federal  Credit Union	2.00%	12-month	2809 Stockton Hill Rd., Kingman, AZ 86401
53	Salt River Financial Services Institution	2.00%	12-month	10005 E. Osborn Rd., Scottsdale, AZ 85256
54	Yavapai Federal Credit  Union	2.00%	60-month	Online
55	First Fidelity Bank, National Association	2.00%	3-month	6232 N 32nd St Phoenix, AZ 85018
56	Landings Credit Union	1.08%	48-month	800 S. Mill Ave., Tempe, AZ 85282
57	Credit Union West	1.07%	24-month	5811 W. Talavi Blvd., Glendale, AZ 85306
58	Meridian Bank	1.05%	6-month	Online
59	Southwest Healthcare  Credit Union	1.03%	6-month	Online
60	Deer Valley Credit Union	1.01%	60-month	16215 N. 28th Ave., Phoenix, AZ 85053)
61	San Tan Credit Union	1.00%	6-month	Online
62	Bank of America	0.03%	12-month	2 N. Central Ave., Phoenix, AZ 85004
63	National Bank of Arizona	–	–	6001 N. 24th St., Phoenix, AZ 85016

Current CD Rates in Arizona

In a fluctuating economic environment, securing a Certificate of Deposit (CD) with a competitive interest rate in Arizona offers a hostile approach for savers and investors.

Additionally, the significance of these rates lies in their ability to provide a stable and low-risk investment option. By locking in current CD rates, Arizonans can;

• Take advantage of fixed interest earnings
• Make CDs a cornerstone for diversified portfolios
• Strategic choice for those aiming to balance growth with financial security.

Best 6-Month CD Rates in Arizona

Some of the most significant and highly popular 6-month Cd options for the investors are;

1. CommunityWide FCU

Minimum Amount: $1000.00

APY / Rate: 3.50% APY

First on our list of the best CD rates in Arizona is CommunityWide FCU, a credit union that has been in operation since 1967.

Pros:

• NCUA insured to at least $250,000
• Dividends can be compounded in certificates / deposited to another share/ transferred to another institution
•  Option to renew on the maturity

Rules:

• Any withdrawal before maturity is charged with a penalty
• Penalty= amount of the withdrawal x  the remaining term (days) of the certificate at the rate of 2x the current APR (divided by 365)
• Dividends are paid at the end of the month

2. Quontic Bank

Minimum Amount: $500.00

APY / Rate: 3.25 % APY

Pros:

• Instant account opening
• Low minimum balance

Rules:

• Interest is compounded daily and credited to the account at the end of every month
• A periodic rate is applied to the balance (principal + interest) in the account
• CD can be withdrawn upon maturity within 10 days after which, it is automatically renewed on the same terms.

3. PenFed Credit Union

Minimum Amount: $1000.00

APY / Rate: 3.50% APY

Pros:

• Easy renewal without any conditions
• Can be accessed at the branch, mobile or online

Rules:

• Dividends are calculated on a simple interest basis
• Monthly dividends are paid on CD maturity

Best 12-Month CD Rates in Arizona

For Arizonans who want to seek a precise blend of safety and yield over a manageable term length, the best 12-month CD rates stand out as a prime investment choice.

1. CommunityWide FCU

Minimum Amount: $1000.00

APY / Rate: 4.00% APY

Pros:

• NCUA Insured to at least $250,000
• Dividends can be compounded in certificates / deposited to another share/ transferred to another institution
•  Option to renew on the maturity

Rules:

• Any withdrawal before maturity is charged with a penalty
• Penalty= amount of the withdrawal x  the remaining term (days) of the certificate at the rate of 2x the current APR (divided by 365)
• Dividends are paid at the end of the month

2. First National Bank of America

Minimum Amount: $1000.00

APY Rate: 3.95% APY

Pros:

• Competitive APY on online CDs and high-yield savings accounts
• Fee-free access to 55,000 all ATM networks.
• Digital banking access online and via an app

Rules:

• Interest rates and APYs are subject to change without notice.
• Early withdrawal will reduce earnings and impose the penalty
• APY on all services will remain deposited until maturity.

3. Bread Savings

Minimum Amount: $1500

APY / Rate: 4.00% APY

Pros:

• Excellent for earning a competitive interest rate on a savings account or CD.
• Without monthly services.
• Free domestic incoming wire transfers on savings account

Rules:

• APYs are subject to change at any time without notice
•  The penalty will be applied for early withdrawals on CDs
• At maturity, your CD will automatically renew and earn the base interest rate

Best 2 Years CD Rates in Arizona

This 2 year period allows investors to take advantage of rising interest rate trends, by locking in a lucrative rate with a more profitable return in the near future. Some popular options are;

1. Bread Savings

Minimum Amount: $1500

APY / Rate: 4.00% APY

Pros:

• Excellent for earning a competitive interest rate on a savings account or CD.
• Without monthly services.
• Free domestic incoming wire transfers on savings account

Rules:

• APYs are subject to change at any time without notice
• The penalty will be applied for early withdrawals on CDs
• At maturity, your CD will automatically renew and earn the base interest rate

2. Synchrony Bank

Minimum Amount: $0.00

APY / Rate: 4.26% APY

Pros:

• Best APY rate
• No minimum balance required
• High-yield savings options
• No penalty on premature interest withdrawal
• 10 days grace period after maturity to add more funds to the CD

Rules:

• The interest is compounded monthly and added to the account at the end of the month.
• There is no minimum balance required to earn interest.
• Also no penalty on premature withdrawals.

3. First National Bank of America

Minimum Amount: $1000.00

APY Rate: 3.95% APY

Pros:

• Competitive APY on online CDs and high-yield savings accounts
• Fee-free access to 55,000 all ATM networks.
• Digital banking access online and via an app

Rules:

• Interest rates and APYs are subject to change without notice.
• Early withdrawal will reduce earnings and impose the penalty
• APY on all services will remain deposited until maturity.

Best 3 Years CD Rates in Arizona

In Arizona, where the financial landscape is as diverse as its natural one, securing the best 3-year CD rates can be likened to making a strategic investment in the state’s economic future.

1. NASA Federal Credit Union

Minimum Amount: $1000

APY Rate:4.00% APY

Pros:

• No minimum balance
• Easiest penalty terms
• CD ladder strategy to avoid penalty
• Interest can be withdrawn anytime without penalty

Rules:

• Interest is calculated monthly and credited to the account at the end of the month
• Penalty on premature withdrawal.

2. PenFed Credit Union

Minimum Amount: $1000

APY / Rate: 3.65% APY

Pros:

• Easy online and mobile access.
• Checking account dividends are compounded daily and paid monthly
• 85,000 free ATM network access nationwide.
• Competitive APY rates.

Rules:

• Rates are the same and are subject to change.
• Penalties applied for early withdrawal.
• The penalty will be 30% of the gross amount of dividends after 365 days of the open date.

3. Bread Savings

Minimum Amount: $1500

APY / Rate: 4.00% APY

Pros:

• Excellent for earning a competitive interest rate on a savings account or CD.
• Without monthly services.
• Free domestic incoming wire transfers on savings account

Rules:

• APYs are subject to change at any time without notice
• The penalty will be applied for early withdrawals on CDs
• At maturity, your CD will automatically renew and earn the base interest rate

Best 5 Years CD Rates in Arizona

For investors in Arizona willing to embrace a longer-term perspective, the best 5-year CD rates present a golden opportunity to lock in superior interest rates, maximizing the growth potential of their savings.

1. Bread Savings

Minimum Amount: $1500

APY / Rate: 4.75% APY

Pros:

• $1,500 minimum opening deposit
• Interest Accrued and compounded daily & Credited and posted monthly

Rules:

• APYs are subject to change at any time without notice
• The penalty will be applied for early withdrawals on CDs
• The penalty is calculated based on 365 days of simple interest.
• $25 per outgoing wire transfer
• Auto-renew at maturity or cash out without penalty within the 10-day grace period

2. Popular Direct

Minimum Amount: $10000

APY / Rate: 4.50%

Pros:

• Highly competitive rates for 6-month CDs
• 24/7 access to the bank account
• No hidden fees or charges
• Customer support for all sorts of queries and concerns

Rules:

• APY can be earned assuming the interest and the principal remains on deposit until maturity.
• Interest is compounded monthly and added to the account at the end of the month.
• Early withdrawal fetches a penalty and there is a grace period after maturity to add additional funds to the CD

3. Synchrony Bank 

Minimum Amount: $0.00

APY / Rate: 4.26% APY

Pros:

• Best APY rate
• No minimum balance required
• High-yield savings options
• No penalty on premature interest withdrawal
• 10 days grace period after maturity to add more funds to the CD

Rules:

• The interest is compounded monthly and added to the account at the end of the month.
• There is no minimum balance required to earn interest.
• Also no penalty on premature withdrawals.

Alabama Economic Statistics

Arizona’s economic landscape provides a fertile ground for investors and savers who are looking to optimize their financial strategies. It is specially in the form of CD rates.

The average stats for the household income, home values, and population growth play a significant role in shaping investment opportunities and savings behavior. Arizona boasted a diverse and growing economy.

• The state’s median household income was approximately $62,055, that is reflecting a dynamic workforce and a competitive job market.
• Home values in Arizona have also seen significant changes, with the median home value hovering around $349,300. It is clear evidence of a robust real estate market driven by both in-state and out-of-state demand.
• Moreover, Arizona’s population, which surpassed 7 million, continues to grow, driven by its attractive climate, economic opportunities, and quality of life. It further influences the state’s financial and real estate markets.

Economic Indicator	Description	Implications for Investors and Savers
Average Household Income	The median household income in Arizona stands at approximately $62,055. This reflects the earnings of the average family in the state.	Higher average incomes can indicate a stronger consumer base and potentially more disposable income for savings and investments.
Average Home Value	With a median home value of around $349,300, Arizona’s real estate market is robust, driven by various factors including migration and investment.	Rising home values can affect consumer wealth and spending patterns, potentially leading to changes in savings rates and investment strategies.
Population	Arizona’s population has surpassed 7 million, highlighting a trend of steady growth. This growth is fueled by factors such as its climate, economic opportunities, and lifestyle.	A growing population increases demand for banking services, including savings products, leading to more competitive CD rates as banks seek to attract deposits.

These economic statistics are crucial for investors and savers as they navigate Arizona’s financial landscape. Higher average incomes and home values can affect consumer spending and saving patterns. It potentially leads to more competitive CD rates.

How to Get Best CD Rates in Alabama?

A most comprehensive overview for getting the best CD output, includes;

1. Start by comparing CD rates offered by both local banks in Alabama and national financial institutions to ensure you’re getting the best rates available.
2. Credit unions often offer higher interest rates on CDs than traditional banks. Membership is typically easy to obtain and can be based on where you live, work, or worship.
3. Online banks usually have lower overhead costs, allowing them to offer higher CD rates. Make sure to verify the security and reputation of the online bank.
4. Longer-term CDs generally offer higher rates, but ensure you’re comfortable with the lock-in period. Understand early withdrawal penalties.
5. Later on Implement a CD ladder strategy to take advantage of higher rates for longer terms while maintaining some liquidity.
6. Make sure to keep an eye on interest rate trends. If rates are expected to rise, consider shorter-term CDs to take advantage of higher rates in the future.

CD Rates Methodology 

Our methodology for identifying the best CD rates involved reviewing CD rates from 95 banks, including a mix of large national banks, local state banks, and online banks for the precise and comprehensive analysis.

Out of these, 63 banks made our list, chosen based on their competitive interest rates, the flexibility of terms, and overall customer service quality.

This selection process was designed to provide a broad overview of the best CD opportunities available to savers and investors, focusing on institutions that offer the most favorable terms and highest returns on their investment.

Conclusion

In conclusion, securing the best CD rates in Arizona requires a blend of research, and strategic timing. With the economic backdrop of Arizona characterized by a robust average household income, dynamic real estate market, and a growing population, the state offers an attractive ground for savers and investors who are looking to maximize their returns through CDs

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