Dedicated to Deposits: Deals, Data, and Discussion

4.00% 6-Month / 4.50 18-Month CD at an Arizona Bank (Community Bank of Arizona).

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Update 8/2/08: The CD rates have changed. Please check the bank's website for the latest rates.

Community Bank of Arizona is offering several competitive CD rates. The competitive yields range from 3.50% APY for a 3-month term to 4.95% APY for a 36-month term. The minimum deposit is $1,000. Below is the full list of competitive CD rates. The 12-month CD is also available as an IRA certificate.

CD rates as of 7/14/08:

Term APY
90 day 3.50%
180 day 4.00%
270 day 4.19%
365 day 4.25%
18 month 4.50%
24 month 4.65%
36 month 4.95%

I last reported on this bank in May when they were offering a 3.70% 12-month CD. This bank is another indication of how CD rates have gone up in the last couple of months.

It appears a branch visit is required to open an account. Branches are located in Phoenix, Fountain Hills and Glendale.

The bank has a 3-star rating (performing) at Bankrate.com based on 3/31/08 data. It has been FDIC insured since 2003 (FDIC Certificate # 57645).
  Tags: Arizona, CD rates, IRA rates

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