Phoenix CD Rates Survey for the week February 6, 2012

Written by: BetterFinancePath Staff

According to a recent Primerates.com survey conducted on February 6, 2012 of Phoenix CD rates offered by the area banks & credit unions, Phoenix’s largest financial institutions offered short-term savers 6 month CD’s with rates between 0.050% at Wells Fargo (www.wellsfargo.com) and U.S. Bank National Association (www.usbank.com), and 0.449% at MidFirst Bank (www.midfirst.com). Compass Bank (www.bbvacompass.com) has the highest 2-year CD rate, with 1.242% CD, while Washington Federal (www.washingtonfederal.com) has highest 2.226% CD for 5-year.

CD’s are typically insured up to $250,000 by the FDIC. As CD’s mature, banks typically re-price the rates on deposits. Make sure that you track when your CD’s mature so that you can roll them over into new CD’s and keep your money working as hard as possible.

 

Banks 6 month 1 year 2 year 3 year 4 year 5 year
Wells Fargo 0.050% 0.050%  NA NA NA NA
JPMorgan Chase 0.200% 0.250% 0.400% 0.750% NA 1.100%
Bank of America 0.200% 0.350% 0.400% 0.600% 0.850% 1.190%
Compass Bank 0.250% 0.499% 1.242% 0.946% 1.242% 1.980%
M&I Marshall and Ilsley Bank 0.150% 0.300% 0.550% 0.650% 0.850% 1.200%
National Bank of Arizona 0.100% 0.150% 0.150% 0.250% 0.350% 0.500%
U.S. Bank National Association 0.050% 0.100% 0.450% 0.700% 1.000% 1.390%
MidFirst Bank 0.449% 0.499% 0.896% 1.292% 1.440% 1.735%
Washington Federal 0.350% 0.499% 0.996% 1.489% 1.735% 2.226%

 

Rates from banks, thrifts, and credit union were posted on their websites on the date indicated for a $10,000 certificates of deposit meeting the specific holding requirement. Data is believed accurate at time of collection, can change without notice, and will vary. Contact a specific institution for current rates.


LIKE US ON FACEBOOK   

Phoenix CD Rates Survey for the week February 6,...

Share Tweet Pin It