Goldwater Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
2.01%	5-year CD	5 Year CD 2.35% - Synchrony Bank 60 Month CD
1.00%	1-year CD	12 Month Liquid Goldwater Access CD 1.40% - Synchrony Bank 12 Month CD
0.20%	Savings	Goldwater Savings 1.20% - Goldman Sachs Bank USA Online Savings

View all Goldwater Bank rates »

Overview / Commentary

goldwaterbank.com

866-656-4653

7135 East Camelback Road, Suite I-201
Scottsdale, AZ 85251

Goldwater Bank is the 3,850^th largest bank in the nation. It was established in 2007 and as of March of 2017, it had grown to 461 employees. Goldwater Bank's CD rates are 50% higher than the national average, but it has a C- health rating.

Goldwater Bank In Arizona Does NOT Accept Out Of State Business (Online) Accounts.

Posted by: candidcal | Jan 7, 2013

Called Goldwater Bank today (01/07/13) and they confirmed that they open new accounts only for in-state (Arizona) businesses, no others. Other banks listed here do allow my condo HOA to open new savings and MM accounts and do pay higher interest rates, so we'll be doing that soon.

Comment

4

Health

C-

Data as of Q1 2017

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Goldwater Bank has a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #	58405
Year Established	2007
Employees	461
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	-4.72%
Return on Equity - YTD	-54.49%
Annual Interest Income	$1.8MM

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$129.5MM$119.5MM
Loans	Q1 2017vs Q1 2016	$112.2MM$94.4MM
Deposits	Q1 2017vs Q1 2016	$102.6MM$104.2MM
Equity Capital	Q1 2017vs Q1 2016	$10.5MM$8.7MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$226.00K$442.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$168.00K$1.7MM
Real Estate Owned	Q1 2017vs Q1 2016	$256.00K$256.00K

Rates

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Savings
Money Market
Checking
CD

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Always verify rates and promotions with the bank or credit union. We are not Goldwater Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Goldwater Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%	$100	-	Goldwater Savings
0.20%	$100	-	Business Savings
0.20%	-	-	Youth Savings

Goldwater Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.38%^*	$100k^*	-	Market Market
OTHER TIERS: 0.26% → Up to $100k
0.38%^*	$100k^*	-	Business Money Market
OTHER TIERS: 0.26% → Up to $100k

Goldwater Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%^*	$5k^*	-	Goldwater Checking
OTHER TIERS: 0.05% → $100 - $5k

Goldwater Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.01%	$5k	-	5 Year CD
1.76%	$5k	-	3 Year CD
1.61%	$5k	-	24 Month CD
1.41%	$5k	-	18 Month CD
1.39%	$5k	-	15 Month CD
1.35%	$5k	-	12 Month CD
1.05%	$5k	-	180 Day CD
1.00%	$5k	-	12 Month Liquid Goldwater Access CD
0.86%	$5k	-	90 Day CD

Locations

Goldwater Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 7135 East Camelback Road, Suite I-201 - Scottsdale, AZ 85251