Arizona Banking Rates and News
Browse through the stories below to view current deals for Arizona banks or select an item from the menu bar above to view current rates in Arizona.
BBVA Compass has a very nice money market promotion. It’s guaranteeing a 1% APY on balances up to $2.5 million through 2015. Unfortunately, this isn’t available nationwide. It’s only available in states where BBVA Compass has branches (see below). For those who are eligible for this promotion, it’s a good way to ensure you get a 1% APY on all of your liquid savings. Hopefully, by the time 2016 comes, it’ll be easy to get higher rates. That may be why BBVA Compass if offering this type of promotion. Perhaps...Continue Reading
BBVA Compass is offering another checking account promotion. In this latest one, you can earn up to $150, but it will take a year to earn the full amount. Refer to this BBVA Compass promotions page for the full details. The checking account must be opened by September 30, 2014. Below is a summary of what’s required:
- First open up your BBVA Compass ClearChoice Checking account.
- Then, within two calendar months, add a BBVA Compass savings or Money Market account, if you don't already have one.
- Have one or more electronic deposits totaling...
BBVA Compass now has special CD rates that are competitive for both the mid-term and long-term maturities. In March I reviewed the bank’s special 29-month and 60-month CDs. The bank also has a special 18-month CD with a competitive 1.15% APY. Minimum deposit is $500, and the maximum deposit is $2,500,000 ($250,000 maximum deposit for CD accounts opened online). This rate is listed in the bank’s CD promotion page as of 7/17/2014.
BBVA Compass customers who have preferred client relationship may be able to get an extra 10 basis points...Continue Reading
Unlike most checking account promotions, this one at First Citizens Bank doesn’t require direct deposit. There are other ways to qualify for the bonus without direct deposit. On the downside, it’s similar to most checking account promotions in that the qualifying checking accounts have potential monthly service fees. If you’re careful, this promotion can be a good deal. Here’s the link to the bank’s promotion page.
To receive the $150 bonus, you’ll need to open either a new Premier or Prestige checking account with a new debit card by April 30,...Continue Reading
Last September I reported on a special 5-year CD at BBVA Compass. That special continues, and there’s also a new 29-month CD special that is also competitive. In addition, a few things have changed at Compass. The 5-year CD special still has a 2.00% APY. The new 29-month CD special has a 1.25% APY. Minimum deposit is $500, and the maximum deposit is $2,500,000 ($250,000 maximum deposit for CD accounts opened online). These rates are listed in the bank’s CD promotion page as of 3/24/2014.
One thing that has changed for...Continue Reading
Mountain America Credit Union (MACU) has just recently come out with a special 5-year CD rate that’s very competitive. It has a 2.20% APY with a $500 minimum deposit. MACU calls these Term Deposits, and they’re available in IRAs. This special term deposit is listed in MACU’s promotions page as of 3/3/2014. According to this page, this is a limited time special. Thanks to DA member OldGuy who posted on this news in the forum.
Some of the term deposit details are listed in the credit union's membership agreement. However,...Continue Reading
Bank of the West has again brought back its $150 checking account promotion. It looks like the same promotion they were offering last year. Just like the last one, there's also a $200 bonus, but that requires a checking account with high monthly service fees that can't be easily waived. These promotions are listed on Bank of the West's home page.
Details for the $150 bonus are listed in this Bank of the West promotions page. The checking account must be opened by 3/7/2014.
To qualify for the full $150 requires the...Continue Reading
BBVA Compass is again offering a free Kindle Fire HD for opening a checking account and for performing a few activities. It’s a 7" 8GB Kindle Fire HD which is currently selling on Amazon for $139. It is not the Kindle Fire HDX which is much more expensive. Here's the link to the new promotion. Below are the steps required for the bonus:
- Open any ClearChoice consumer checking accounts by March 31, 2014
- Within 90 days of account opening, at least one electronic direct deposit of $300 or more from an unrelated...
Washington Federal is offering a holiday special CD with terms of 7 or 13 months. It has a 1.00% APY, and the minimum deposit is $1,000. Maximum deposit is $250,000. I found this special mentioned at this Washington Federal deposit rates page on 12/27/2013.
In 2011 Washington Federal had offered top rates on its 5-year CDs. This year they haven’t had any competitive rates for their 5-year CD or other standard terms.
A branch visit has been required to open accounts. For those who prefer opening a CD in a branch,...Continue Reading
RepublicBankAz, N.A. recently introduced reward checking and savings accounts under the Kasasa brand. The rates are a little low compared to some nationally available accounts, but they’re competitive, especially when compared to accounts from Arizona banks and credit unions. Below is a summary of the rates and features of these two accounts based on the bank’s Kasasa Cash and Kasasa Saver pages as of 12/6/2013:
Kasasa Cash rates and ATM fee refunds if certain monthly requirements are met:
- 2.50% APY on balances up to $15,000
- 0.20% APY on portion of balance over $15,000
PenFed isn’t the only credit union offering 3% CDs. Another credit union came out with a December CD special with some even higher rates. It’s Credit Union West, and it’s offering 5-year CDs and IRA CDs with rates around 3%. The best deal is the 5-year Jumbo IRA CD which has a 3.20% APY. Minimum deposit is $50,000. For a $10,000 minimum, the APY is 3.15%. The regular CD rates are a little lower, but they’re still very competitive. For a $50,000 minimum, the APY is 2.95%, and for...Continue Reading
Last month I reported on very competitive 3-, 4- and 5-year CD rates at MidFirst Direct, the internet division of MidFirst Bank. I learned last Saturday that MidFirst Direct is now offering 7-year CDs, and the rate is very competitive. Unfortunately, the rate has already fallen. It now has a 2.75% APY which is down from its original yield of 3.00%. Even with this lower rate, it’s still very competitive compared to other banks and credit unions. The 2.75% APY is listed in the MidFirst Direct CD page as of...Continue Reading