Competitive Mid- and Long-Term CD Rates at Metro Phoenix Bank - Local Only

CommentsPost a Comment
POSTED ON BY

Metro Phoenix Bank is offering some competitive mid- and long-term CD rates:

  • 2.52% APY 24-month CD
  • 2.78% APY 36-month CD
  • 3.03% APY 48-month CD
  • 3.54% APY 60-month CD

These rates are listed in the bank's rate sheet as of 2/09/2010. Minimum deposit is $5,000 ($2,000 for IRAs). The CD rates for terms of one year and less are not quite as competitive.

At first I thought their money market rate was also competitive with a 1.56% APY, but after a closer look, I realized this was the rate for a tier of $1M and above. Balances from $100K to $1M only receive 1.16% APY. I wonder how many people hold $1M+ in their money market accounts? If you do, you may want to consider United Central Bank (see review).

Metro Phoenix Bank is a small one-office bank located in Phoenix, Arizona.

Its ratings for safety and soundness are average: 3 stars (adequate) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 9/30/09 financial data. The bank has been a FDIC member since 2007 (FDIC Certificate # 58402).

Related Pages: Metro Phoenix Bank, Phoenix, CD rates

Comments
2.52% 12-Month CD and a Competitive Money Market Account at Metro Phoenix Bank - Local Only
Comments (1)
POSTED ON SUNDAY, JULY 19, 2009 BY KEN TUMIN
Update 7/19/09: The 12-month CD rate has fallen to 2.02% APY. Please check the bank's website for the latest rates.

Metro Phoenix Bank is offering some competitive CD and IRA rates. The best deals are a 2.52% APY 12-month CD and a 2.78% APY 24-month CD. Minimum deposit is $5,000 for a regular CD and $2,000 for an IRA CD. They also have a competitive rate on their money market account. It's a tiered rate account with a 2.53% APY for balances of $100K to $1 million. These rates are listed...

Continue Reading
4.06% 12-Month CD at Metro Phoenix Bank
Comments (3)
POSTED ON FRIDAY, DECEMBER 26, 2008 BY KEN TUMIN
Metro Phoenix Bank is listing some competitive CD rates. These include a 4.06% APY 12-month CD and a 4.32% APY 24-month CD. The longer term CDs have APY's of 4.37% to 4.47%. The money market account rates are also competitive with an APY of 2.53% for up to $25K, 2.78% for $25K to $100K and 3.56% for $100K to $1M. This is available for both personal and business money market accounts.

These rates are listed in the bank's rate table as of the morning of 12/26/08.

A branch visit appears to be...



Continue Reading


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.