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.
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.
| Term | Insurance Company | APY |
|---|---|---|
| N/A | Money Market Account – Optimum Bank | 5.26% |
| N/A | Money Market Account – FVC Bank | 5.26% |
| N/A | Savings Account – CloudBank 24/7 | 5.26% |
| 12 Months | Bread Savings CD | 5.60% |
| 48 Months | Clear Spring Fixed Annuity | 5.15% |
| 5 Years | Athene Fixed Annuity | 5.30% |
| 10 Years | Equitrust Fixed Annuity | 6.00% |
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.
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 Rates | Rate | Term | Minimum |
|---|---|---|---|
| Ponce Bank | 5.30% APY | 3 Months | $1.00 |
| Oklahoma State Bank | 5.35% APY | 3 Months | $1.00 |
| Western Alliance Bank | 5.21% APY | 3 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 Rates | Rate | Term | Minimum |
|---|---|---|---|
| Western Alliance Bank | 5.41% APY | 6 Months | $1.00 |
| Oklahoma State Bank | 5.40% APY | 6 Months | $1.00 |
| Generations Bank | 5.41% APY | 6 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 Rates | Rate | Term | Minimum |
|---|---|---|---|
| Western Alliance Bank | 5.51% APY | 12 Months | $1.00 |
| Bread Savings | 5.60% APY | 12 Months | $1,500.00 |
| Connexus Credit Union | 5.50% APY | 12 Months | $1.00 |
2-Year CD Rates
Banks and credit unions have the highest CD rates for 24 months.
| Best 2-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Connexus Credit Union | 4.95% APY | 24 Months | $1.00 |
| Idabel National Bank | 4.90% APY | 24 Months | $1.00 |
| Bread Savings | 5.15% APY | 24 Months | $1,500.00 |
3-Year CD Rates
Banks and credit unions have the highest CD rates for 36 months.
| Best 3-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Valley Bank | 5.60% APY | 36 Months | $500.00 |
| Bread Savings | 4.85% APY | 36 Months | $1,500.00 |
| The State Exchange Bank | 4.70% APY | 36 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 Rates | Rate | Term | Minimum |
|---|---|---|---|
| Bread Savings | 4.65% APY | 48 Months | $1,500.00 |
| The State Exchange Bank | 4.50% APY | 48 Months | $1.00 |
| Barclays | 4.45% APY | 48 Months | $0.00 |
5-Year CD Rates
Banks and credit unions have the highest CD rates for 60 months.
| Best 5-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Bread Savings | 4.65% APY | 60 Months | $1,500.00 |
| Barclays | 4.50% APY | 60 Months | $0.00 |
| The State Exchange Bank | 4.35% APY | 60 Months | $1.00 |
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!
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