The Best Fixed Annuity and CD Rates in Arizona (April 2024)

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Our Favorite Rates To Grow Your Money

TermSavings AccountInstitutionAPY
N/AMoney Market AccountUNCLE Credit Union5.26%
N/ASavings AccountCloudbank 2475.26%
12 MonthsCDBread Savings5.25%
5 YearsFixed AnnuityWichita National6.30%

Disclaimer: This is a comparison review. The Annuity Expert is not associated with a bank or credit union. We aim to help you find the highest interest rates for your savings. We may receive a small referral fee if you purchase something using a link in this guide.

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 Bank5.25% APY3 Months$1.00
Total Direct Bank5.42% APY3 Months$25,000.00
Western Alliance Bank5.26% 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
American Airlines Federal Credit Union5.50% APY6 Months$1,000.00
My eBanc5.49% APY6 Months$50,000.00
Newtek Bank5.55% APY6 Months$50,000.00

1-Year CD Rates

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

Best 12-Month CD RatesRateTermMinimum
Broadway Bank5.60% APY12 Months$500,000.00
Nex Bank5.40% APY12 Months$25,000.00
Apple Federal Credit Union5.40% APY12 Months$500.00

2-Year CD Rates

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

Best 2-Year CD RatesRateTermMinimum
Mountain Credit Union5.00% APY24 Months$2,500.00
Eastman Credit Union5.40% APY24 Months$1,000.00
Credit Human4.75% APY24 Months$500.00

3-Year CD Rates

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

Best 3-Year CD RatesRateTermMinimum
Mountain Credit Union5.15% APY36 Months$2,500.00
Hughes Federal Credit Union4.97% APY36 Months$99,000.00
Lafayette Federal Credit Union4.58% APY36 Months$100,000.00

4-Year CD Rates

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

Best 4-Year CD RatesRateTermMinimum
Bread Savings4.15% APY48 Months$1,500.00
NexBank4.45% APY48 Months$10,000.00
Fedchoice Federal Credit Union4.15% APY48 Months$500.00

5-Year CD Rates

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

Best 5-Year CD RatesRateTermMinimum
Quontic4.30% APY60 Months$500.00
Lafayette Federal Credit Union4.37% APY60 Months$100,000.00
Virginia Credit Union4.48% APY60 Months$100,000.00
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)

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

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

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

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