The Best Fixed Annuity and CD Rates in Arizona (September 2023)

Shawn Plummer

CEO, The Annuity Expert

From the awe-inspiring landscapes of Arizona to the bustling cities of Tucson and Phoenix, the Grand Canyon State presents a vast expanse of opportunities to grow your savings. This comparison is your holistic guide to shopping and comparing the top CD rates, best savings interest rates, the best money market account rates, and fixed-rate annuity rates available across AZ. Whether your savings rest with prestigious banks, community-focused credit unions, or the convenient realm of online platforms, we strive to make your journey toward financial prosperity smooth. We aim to demystify the intricacies of Arizona’s financial landscape, equipping you with the key insights to optimize interest rates and successfully expand your savings. With this guide, navigating Arizona’s rich financial terrain becomes less of a challenge and more of an exhilarating journey to wealth accumulation.

Confused About Annuities?

Are you new to annuities and unsure where to begin? Visit our Annuity Learning Lab for expert guidance and insights.

Earn The Highest Interest Rates On Savings Today

Fixed annuities are almost identical to Certificates of Deposit (CDs) accounts and provide higher interest rates and penalty-free withdrawals for income.

TermInsurance CompanyAPY
N/AMoney Market Account – Optimum Bank5.26%
N/AMoney Market Account – FVC Bank5.26%
N/ASavings Account – CloudBank 24/7 5.26%
12 MonthsBread Savings CD5.60%
48 MonthsClear Spring Fixed Annuity5.15%
5 YearsAthene Fixed Annuity5.30%
10 YearsEquitrust Fixed Annuity6.00%
*Fixed annuities are only for saving money to use in retirement.

Disclaimer: This is a review. The Annuity Expert is not associated with a bank or credit union. However, fixed annuities are sold at most financial institutions. We aim to help you find the highest interest rates for your retirement savings. We may receive a small referral fee if you purchase something using a link in this guide.

Find And Compare The Highest Interest Rates

Find the highest interest rates for your savings, ranging from 3 months to 10 years, all in one place.

The Best Fixed Annuity Rates In Arizona

A fixed annuity is a type of insurance product that provides a guaranteed rate of return on your investment. Here are some of the best-fixed annuity rates available in Arizona:

Disclaimer: Products are subject to state availability. Please inquire below for details.

The Best CD Rates In Arizona

When choosing a CD, the interest rate is one of the most critical factors. The best CD rates in Arizona can be found by shopping around and comparing the rates offered by different banks and financial institutions. Here are some of the best CD rates available in Arizona:

3-Month CD Rates

Banks and credit unions have the highest CD rates for three months.

Best 3-Month CD RatesRateTermMinimum
Ponce Bank5.30% APY3 Months$1.00
Oklahoma State Bank5.35% APY3 Months$1.00
Western Alliance Bank5.21% APY3 Months$1.00

6-Month CD Rates

The following banks and credit unions have the highest CD rates for six months.

Best 6-Month CD RatesRateTermMinimum
Western Alliance Bank5.41% APY6 Months$1.00
Oklahoma State Bank5.40% APY6 Months$1.00
Generations Bank5.41% APY6 Months$1.00

1-Year CD Rates

The following banks and credit unions have the highest CD rates for 12 months.

Best 12-Month CD RatesRateTermMinimum
Western Alliance Bank5.51% APY12 Months$1.00
Bread Savings5.60% APY12 Months$1,500.00
Connexus Credit Union5.50% APY12 Months$1.00

2-Year CD Rates

Banks and credit unions have the highest CD rates for 24 months.

Best 2-Year CD RatesRateTermMinimum
Connexus Credit Union4.95% APY24 Months$1.00
Idabel National Bank4.90% APY24 Months$1.00
Bread Savings5.15% APY24 Months$1,500.00

3-Year CD Rates

Banks and credit unions have the highest CD rates for 36 months.

Best 3-Year CD RatesRateTermMinimum
Valley Bank5.60% APY36 Months$500.00
Bread Savings4.85% APY36 Months$1,500.00
The State Exchange Bank4.70% APY36 Months$1.00

4-Year CD Rates

The following banks and credit unions have the highest CD rates for 48 months.

Best 4-Year CD RatesRateTermMinimum
Bread Savings4.65% APY48 Months$1,500.00
The State Exchange Bank4.50% APY48 Months$1.00
Barclays4.45% APY48 Months$0.00

5-Year CD Rates

Banks and credit unions have the highest CD rates for 60 months.

Best 5-Year CD RatesRateTermMinimum
Bread Savings4.65% APY60 Months$1,500.00
Barclays4.50% APY60 Months$0.00
The State Exchange Bank4.35% APY60 Months$1.00
Best And Highest Cd, Annuity, Savings, Money Market Rates In Arizona

How to Choose the Best CD Rate:

When choosing a CD, there are a few things to consider besides the interest rate. For example:

  • Length of term: CDs have varying term lengths, ranging from 3 months to 5 years or more. The longer the term, the higher the interest rate.
  • Minimum deposit: Some CDs require a minimum deposit of $500 or more. Ensure you have enough money to meet this requirement before opening a CD.
  • Early withdrawal penalty: If you need to access your money before the CD matures, you may incur an early withdrawal penalty. Be sure to ask about this before you open a CD.

How to Choose the Best Fixed Annuity Rate:

When choosing a fixed annuity, it’s essential to consider several factors, including:

  • Length of term: Similar to a CD, the length of the term will affect the interest rate. The longer the term, the higher the interest rate.
  • The guaranteed rate of return: Ensure you understand the guaranteed rate before investing in a fixed annuity.
  • Fees: Some fixed annuities have high surrender charges, so be sure to ask about any fees before you invest.

Next Steps

In conclusion, CDs and fixed annuities can offer stability and security to your investments in addition to a steady rate of return. By providing guaranteed quarterly payouts or potentially higher returns, these investment vehicles are great options for long-term savings goals. Our team at The Annuity Expert is committed to helping you find the best rates that match your financial goals and objectives. We understand that selecting the right investments can be overwhelming, but with our expertise, we will help guide you through the process.

For more information on selecting the right CDs or annuities in Arizona, please contact us for a quote today. Don’t wait another moment—let us help you get started on the path to financial peace of mind!

The Best Cd Rates In Arizona. The Best Fixed Annuities In Arizona (Az)

Request A Quote

Get help from a licensed financial professional. This service is free of charge.

Contact Us

Disclaimer: I may receive a small referral fee if you purchase something using a link in this guide.

Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

The Annuity Expert is an online insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

Scroll to Top