Dedicated to Deposits: Deals, Data, and Discussion

2.53% 12-Month CD and 2.07% Money Market Account at Gold Canyon Bank in Arizona

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Gold Canyon Bank
Gold Canyon Bank has some competitive rates on its CDs and money market account. The best CD deal is its 12-month term which has a 2.53% APY for a $50K minimum deposit. A 2.48% APY is available with only a $10K minimum. The money market account has tiered interest rates with a 2.02% APY for balances of $10K to $25K, a 2.07% APY for balances of $25K to $100K and 2.17% APY for balances from $100K to $250K. These rates are listed at the bank's rate table as of 5/12/09.

It appears a branch visit is required to open an account. Branches are located in Gold Canyon and Peoria, Arizona which are in the suburbs of Phoenix.

The bank's ratings for safety and soundness are a little weak: 3 stars (adequate) at BauerFinancial and 2 stars (below peer group) at Bankrate.com. Both ratings are based on 12/31/08 financial data. The bank has been FDIC insured since 2006 (FDIC Certificate # 58066).

Other High Certificate of Deposit Rates

For top CD rates nationally available, refer to my weekly rate summary. Many of the best CD deals are only locally available. To find the best deals in your state, refer to the index of state CD and bank deals.

  Tags: money market accounts, Gold Canyon Bank, Arizona, CD rates

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