Phoenix, Arizona CD Rates Today - Compare Best APYs for July 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current Phoenix, Arizona CD rates include Florida West Coast Credit UnionFlorida West Coast Credit Union4801 E THISTLE LANDING DR, PHOENIX, AZ 85044A+5.0 ★Texas Ratio: 1.91%Real return: +1.28%APY minus CPI (February 2026) offering 12 Month Certificate at 4.08% APY, Goldwater BankGoldwater Bank2525 E Camelback Rd, Phoenix, AZ 85016A5.0 ★Texas Ratio: 11.19%Real return: +1.20%APY minus CPI (February 2026) offering CERTIFICATES OF DEPOSIT - 12 Month at 4.00% APY, Credit Union West Credit UnionCredit Union West Credit Union2303 N 44th St Ste 1, Phoenix, AZ 85008 2442A+5.0 ★Texas Ratio: 2.75%Real return: +1.20%APY minus CPI (February 2026) offering Business Certificate 12 Months at 4.00% APY, Copper State Credit UnionCopper State Credit Union15458 N 28th Ave, Phoenix, AZ 85053A5.0 ★Texas Ratio: 6.92%Real return: +1.05%APY minus CPI (February 2026) offering 5 Year Certificate at 3.85% APY, and Sharefax Credit UnionSharefax Credit Union615 N 48th St, Phoenix, AZ 85008 6608A+5.0 ★Texas Ratio: 4.03%Real return: +0.95%APY minus CPI (February 2026) offering IRA & HSA Certificates 18 Months at 3.75% APY. CD rates as of July 12, 2026 according to verified data from MonitorBankRates.
Phoenix has 99 local institutions in our database, with CD rates as high as 4.08% APY from Florida West Coast Credit Union at 4801 E THISTLE LANDING DR, PHOENIX, AZ 85044. Use the tables below to compare all available CD terms and offers, including options from institutions serving the broader Arizona area. Rates are continually updated — we recommend checking back frequently.
The Annual Percentage Yields (APYs) displayed reflect actual verified offers from top-rated institutions. Rates are subject to change at the institution's discretion without notice and may depend on your initial funding amount. A substantial penalty may be imposed for early withdrawal, which could reduce earnings on the account. CD Rates Last Updated and Verified: July 12, 2026
Compare Best CD Rates in Phoenix, Arizona & the Surrounding Area
Phoenix 3 Month CD Rates
Early withdrawal penalties may apply. Additional terms are available at a branch.
Relationship APY 0.06%. Early withdrawal penalties may apply. Additional terms are available at a branch.
Non-Rewards+ Loyalty Program Dividend Rate: 2.57%, Non-Rewards+ Loyalty Program APY: 2.60%
New Certificates
Renewals
Phoenix 6 Month CD Rates
Relationship Rate APY: 3.76%
Limited Time CD Special
Silver Rate: 3.35%, Silver APY: 3.40%, Gold Rate: 3.40%, Gold APY: 3.45%, Platinum Rate: 3.44%, Platinum APY: 3.50%
Silver: 3.35% APY, Gold: 3.45% APY, Platinum: 3.50% APY
Early withdrawal penalties may apply. Additional terms are available at a branch.
Relationship APY 0.06%. Early withdrawal penalties may apply. Additional terms are available at a branch.
Non-Rewards+ Loyalty Program Dividend Rate: 2.81%, Non-Rewards+ Loyalty Program APY: 2.85%
Dividend Rate $50,000 - $99,999.99: 3.64%, Annual Percentage Yield $50,000 - $99,999.99: 3.70%, Dividend Rate $100,000 and over: 3.69%, Annual Percentage Yield $100,000 and over: 3.75%
Rate: 3.59%, APY: 3.65% for $1,000 - $49,999.99; Rate: 3.64%, APY: 3.70% for $50,000 - $99,999.99; Rate: 3.69%, APY: 3.75% for $100,000 and over
New Certificates
Rates on these accounts are the highest offered on our certificate accounts.
Enjoy higher dividend rates on this account for having a bigger balance.
Renewals
Compounded Monthly
Phoenix 12 Month CD Rates
Silver Rate: 3.59%, Silver APY: 3.65%, Gold Rate: 3.64%, Gold APY: 3.70%, Platinum Rate: 3.69%, Platinum APY: 3.75%
Silver: 3.65% APY, Gold: 3.70% APY, Platinum: 3.75% APY
no penalty
Relationship Rate APY: 3.51%
Early withdrawal penalties may apply. Additional terms are available at a branch.
Relationship APY 1.51%. Early withdrawal penalties may apply. Additional terms are available at a branch.
Relationship APY 1.51%
Limited-time offer. New funds only. Dividends compounded monthly and credited monthly and at maturity. Penalty may be imposed for early withdrawal.
Limited-time offer.
Non-Rewards+ Loyalty Program Dividend rate: 3.06%, Non-Rewards+ Loyalty Program APY: 3.10%
Non-Rewards+ Loyalty Program Dividend Rate: 3.06%, Non-Rewards+ Loyalty Program APY: 3.10%
Non-Rewards+ Loyalty Program Dividend rate: 3.06%, Non-Rewards+ Loyalty Program APY: 3.10%
New Certificates
Rate: 3.74%, APY: 3.80% for $1,000 - $49,999.99; Rate: 3.74%, APY: 3.80% for $50,000 - $99,999.99; Rate: 3.74%, APY: 3.80% for $100,000 and over
Dividend Rate $50,000 - $99,999.99: 3.74%, Annual Percentage Yield $50,000 - $99,999.99: 3.80%, Dividend Rate $100,000 and over: 3.74%, Annual Percentage Yield $100,000 and over: 3.80%
Rates on these accounts are the highest offered on our certificate accounts.
New Certificates
Enjoy higher dividend rates on this account for having a bigger balance.
Phoenix 18 Month CD Rates
Silver: 3.90% APY, Gold: 3.95% APY, Platinum: 4.00% APY
Relationship Rate APY:
Limited-time offer.
Minimum balance to earn APY: $100,000, $40,000, $100
Non-Rewards+ Loyalty Program Dividend rate: 3.06%, Non-Rewards+ Loyalty Program APY: 3.10%
Non-Rewards+ Loyalty Program Dividend Rate: 3.06%, Non-Rewards+ Loyalty Program APY: 3.10%
Non-Rewards+ Loyalty Program Dividend rate: 3.06%, Non-Rewards+ Loyalty Program APY: 3.10%
Dividend Rate $50,000 - $99,999.99: 3.88%, Annual Percentage Yield $50,000 - $99,999.99: 3.95%, Dividend Rate $100,000 and over: 3.93%, Annual Percentage Yield $100,000 and over: 4.00%
Limited time offer. New money only. Alero Financial membership required.
Compounded Monthly
Phoenix 24 Month CD Rates
Silver Rate: 3.73%, Silver APY: 3.80%, Gold Rate: 3.78%, Gold APY: 3.85%, Platinum Rate: 3.83%, Platinum APY: 3.90%
Silver: 3.80% APY, Gold: 3.85% APY, Platinum: 3.90% APY
Relationship Rate APY: 3.61%
Relationship Rate APY: 3.51%
Non-Rewards+ Loyalty Program Dividend rate: 2.81%, Non-Rewards+ Loyalty Program APY: 2.85%
Non-Rewards+ Loyalty Program Dividend Rate: 2.81%, Non-Rewards+ Loyalty Program APY: 2.85%
Rate: 3.83%, APY: 3.90% for $1,000 - $49,999.99; Rate: 3.88%, APY: 3.95% for $50,000 - $99,999.99; Rate: 3.93%, APY: 4.00% for $100,000 and over
Rates on these accounts are the highest offered on our certificate accounts.
Enjoy higher dividend rates on this account for having a bigger balance.
Minimum balance to earn APY: $100,000, $40,000, $100
Rewards+ Loyalty Program Dividend Rate: 3.93%, Rewards+ Loyalty Program APY: 4.00%
Compounded Monthly
Phoenix 36 Month CD Rates
Silver Rate: 3.64%, Silver APY: 3.70%, Gold Rate: 3.69%, Gold APY: 3.75%, Platinum Rate: 3.73%, Platinum APY: 3.80%
Silver APY: 3.70%, Gold APY: 3.75%, Platinum APY: 3.80%
Silver: 3.70% APY, Gold: 3.75% APY, Platinum: 3.80% APY
Relationship Rate APY: 3.71%
Relationship Rate APY:
Relationship Rate APY: 3.56%
Minimum balance to earn APY: $100,000, $40,000, $100
Non-Rewards+ Loyalty Program Dividend rate: 2.81%, Non-Rewards+ Loyalty Program APY: 2.85%
Non-Rewards+ Loyalty Program Dividend Rate: 2.81%, Non-Rewards+ Loyalty Program APY: 2.85%
Dividend Rate $50,000 - $99,999.99: 3.88%, Annual Percentage Yield $50,000 - $99,999.99: 3.95%, Dividend Rate $100,000 and over: 3.93%, Annual Percentage Yield $100,000 and over: 4.00%
Rate: 3.83%, APY: 3.90% for $1,000 - $49,999.99; Rate: 3.88%, APY: 3.95% for $50,000 - $99,999.99; Rate: 3.93%, APY: 4.00% for $100,000 and over
Minimum balance to earn APY: $100,000, $40,000, $100
Rates on these accounts are the highest offered on our certificate accounts.
Enjoy higher dividend rates on this account for having a bigger balance.
New Certificates
Fixed Rate Certificate
Step-Up Certificate
Rewards+ Loyalty Program Dividend Rate: 3.93%, Rewards+ Loyalty Program APY: 4.00%
Compounded Monthly
Phoenix 48 Month CD Rates
Silver Rate: 3.54%, Silver APY: 3.60%, Gold Rate: 3.59%, Gold APY: 3.65%, Platinum Rate: 3.64%, Platinum APY: 3.70%
Silver APY: 3.60%, Gold APY: 3.65%, Platinum APY: 3.70%
Silver: 3.60% APY, Gold: 3.65% APY, Platinum: 3.70% APY
Non-Rewards+ Loyalty Program Dividend rate: 2.81%, Non-Rewards+ Loyalty Program APY: 2.85%
Non-Rewards+ Loyalty Program Dividend Rate: 2.81%, Non-Rewards+ Loyalty Program APY: 2.85%
Minimum balance to earn APY: $100,000, $40,000, $100
Rewards+ Loyalty Program Dividend Rate: 3.93%, Rewards+ Loyalty Program APY: 4.00%
Compounded Monthly
Phoenix 60 Month CD Rates
Relationship Rate APY: 3.81%
Silver Rate: 3.44%, Silver APY: 3.50%, Gold Rate: 3.49%, Gold APY: 3.55%, Platinum Rate: 3.54%, Platinum APY: 3.60%
Silver APY: 3.50%, Gold APY: 3.55%, Platinum APY: 3.60%
Silver: 3.50% APY, Gold: 3.55% APY, Platinum: 3.60% APY
Non-Rewards+ Loyalty Program Dividend rate: 2.96%, Non-Rewards+ Loyalty Program APY: 3.00%
Non-Rewards+ Loyalty Program Dividend Rate: 2.96%, Non-Rewards+ Loyalty Program APY: 3.00%
Dividend Rate $50,000 - $99,999.99: 3.88%, Annual Percentage Yield $50,000 - $99,999.99: 3.95%, Dividend Rate $100,000 and over: 3.93%, Annual Percentage Yield $100,000 and over: 4.00%
Rate: 3.83%, APY: 3.90% for $1,000 - $49,999.99; Rate: 3.88%, APY: 3.95% for $50,000 - $99,999.99; Rate: 3.93%, APY: 4.00% for $100,000 and over
Minimum balance to earn APY: $100,000, $40,000, $100
Rewards+ Loyalty Program Dividend Rate: 3.93%, Rewards+ Loyalty Program APY: 4.00%
Fixed Rate Certificate
Step-Up Certificate
Compounded Monthly
Banks and Credit Unions: If you identify an incorrect rate or wish to request removal from MonitorBankRates.com, please contact us here.
Phoenix, AZ CD Rate Trends
Compare local Phoenix, AZ CD rate quotes against the statewide average
Daily CD rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Arizona 12-month CD rates rose 0.189 points over the past 7 days to 2.213% APY.
Arizona 6-month CD rates rose 0.586 points over the past 7 days to 1.354% APY.
AZ CD Rate Forecast — Next 12 Months
Where are Arizona CD rates headed through July 2027?
Projections based on Fed funds rate futures and historical CD-to-fed-funds spread model. Not financial advice.
What Your Savings Earn at AZ CD Rates Today
Annual interest earnings at today’s Arizona average APYs. State average used where available; national average as fallback.
| CD Term | AZ Avg APY | $5,000 | $10,000 | $25,000 | $50,000 |
|---|---|---|---|---|---|
| 3-Month CD | 0.276% | $13.81 | $27.62 | $69.05 | $138.10 |
| 6-Month CD | 1.354% | $67.71 | $135.41 | $338.53 | $677.05 |
| 12-Month CD | 2.213% | $110.64 | $221.27 | $553.18 | $1,106.35 |
| 18-Month CD | 3.647% | $182.37 | $364.73 | $911.83 | $1,823.65 |
| 24-Month CD | 3.487% | $174.36 | $348.72 | $871.80 | $1,743.60 |
| 36-Month CD | 3.377% | $168.83 | $337.65 | $844.13 | $1,688.25 |
| 48-Month CD | 3.494% | $174.70 | $349.39 | $873.48 | $1,746.95 |
| 60-Month CD | 2.705% | $135.27 | $270.54 | $676.35 | $1,352.70 |
| Earnings shown are annualized (APY basis). Actual earnings for sub-12-month terms will be proportionally lower at maturity. Rates as of July 12, 2026. | |||||
Sample CD Ladder for Phoenix, Arizona Savers
$25,000 split equally across 5 terms using today’s Arizona average rates. As each CD matures, reinvest at the 36-month rung.
| Rung | Term | Deposit | AZ Avg APY | Annual Earnings |
|---|---|---|---|---|
| 1 | 3-Month CD | $5,000 | 0.276% | $13.81 |
| 2 | 6-Month CD | $5,000 | 1.354% | $67.71 |
| 3 | 12-Month CD | $5,000 | 2.213% | $110.64 |
| 4 | 24-Month CD | $5,000 | 3.487% | $174.36 |
| 5 | 36-Month CD | $5,000 | 3.377% | $168.83 |
| Total ($25,000 invested) | $25,000 | 2.141% blended | $535.35/yr | |
Ladder example uses equal $5,000 rungs and Arizona average APYs. Actual earnings depend on the specific institution and product chosen. Use the calculator above to model your exact deposit amounts.
Tracked in Phoenix, Arizona
About Our Phoenix, Arizona CD Rate Database
MonitorBankRates tracks 253 CD rates from 10 banks and 20 credit unions with locations in Phoenix, Arizona, plus national online institutions available to Arizona residents. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website — no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1–5), and Texas Ratio — objective financial health metrics calculated from FDIC and NCUA regulatory data — so you can compare yield and institutional safety in one place.
Current top rate: Florida West Coast Credit Union offers a CD at 4.08% APY with a minimum deposit of $0. Use the rate table above to compare all current offers in Phoenix, Arizona.
How to Find the Best CD Rates in Phoenix, Arizona
What to compare when shopping for a CD in Phoenix, Arizona
To find the best APYs in Phoenix, Arizona, start with credit unions and online-only banks — Phoenix, Arizona has 20 credit unions in our database, and they consistently offer some of the highest yields because they have lower overhead than traditional banks and compete aggressively for deposits.
Always compare the APY (Annual Percentage Yield), not just the interest rate. The APY reflects compounding and is the true measure of what you’ll earn.
Also compare the early withdrawal penalty. Common penalties range from 30 to 180 days of interest depending on the term. If you’re unsure whether you’ll need the funds early, a no-penalty CD or a high-yield savings account may be a better fit.
When a CD Makes Sense in Phoenix, Arizona
- You have a planned expense coming up and want your savings to earn while you wait
- You expect rates to fall and want to lock in today’s rate
- You want FDIC or NCUA protection with a guaranteed fixed return
- You prefer banking with an institution that has a local branch in Phoenix, Arizona — 30 institutions here report CD rates
Consider an Alternative If…
- You may need funds within 30 days → Phoenix, Arizona savings rates
- Rates are rising and you want to benefit → Variable-rate savings or MMA
- You want check-writing access → Phoenix, Arizona money market rates
Phoenix, Arizona Financial Snapshot
Local demographics and economic context for CD savers — Source: U.S. Census Bureau ACS 2024
12.2% of residents are 65 or older — below the national average of 17.3%. At today’s AZ 12-month CD average of 2.213%, saving 10% of the local median salary ($4,348/year) and putting it in a CD would earn an additional $96 annually in interest.
Data: U.S. Census Bureau, American Community Survey 5-Year Estimates 2024. Median earnings from ACS 2023 place-level estimates.
CD Rates vs. Other Savings Options in Phoenix, Arizona
What to compare when choosing between a CD and other deposit accounts
| Feature | CD | High-Yield Savings | Money Market | 6-Month CD |
|---|---|---|---|---|
| Rate Type | Fixed APY | Variable APY | Variable APY | Fixed APY |
| Liquidity | Locked for term | Anytime | Anytime | Locked 6 months |
| Early Withdrawal | Penalty (months of interest) | None | None | Penalty (90–180 days interest) |
| FDIC / NCUA Insured | Yes (up to $250K) | Yes (up to $250K) | Yes (up to $250K) | Yes (up to $250K) |
| Check / Debit Access | No | Usually no | Often yes | No |
| Best For | Known savings goal, CD ladder | Emergency fund, flexible savings | Liquid savings with check-writing | Slightly higher yield, less urgency |
How Certificates of Deposit Work in Phoenix, Arizona
A certificate of deposit (CD) is a deposit account that holds a fixed sum of money for a fixed term, commonly three months to five years, in exchange for a guaranteed interest rate. In return for leaving the money untouched until the term ends, a saver in Phoenix, Arizona typically earns a higher rate than a standard savings account pays. CDs from banks are insured by the FDIC and those from credit unions by the NCUA, in Phoenix, Arizona as everywhere in the U.S.
Choosing a CD Term in Phoenix, Arizona
The term is the length of time the money is committed before the CD matures. Shorter terms such as three or six months give Phoenix, Arizona savers easier access to their funds. For example, Credit Union West Credit Union is offering its Business Certificate 6 Months at 4.00% APY. Longer terms such as three or five years usually pay higher rates. On the longer end, Copper State Credit Union is offering its 5 Year Certificate at 3.85% APY. When a CD matures, the depositor can withdraw the principal and interest or roll the balance into a new term, so it helps to match the term to when the money will actually be needed.
CD Risk and Safety for Phoenix, Arizona Savers
CDs are among the lowest-risk savings products available because the rate is fixed for the full term and the balance is federally insured up to $250,000 per depositor, per institution, per ownership category. For a Phoenix, Arizona saver, the main trade-off is liquidity: withdrawing funds before maturity usually triggers an early-withdrawal penalty, often 30 to 180 days of interest depending on the term.
How CD Interest Is Paid in Phoenix, Arizona
Interest on a CD is calculated using the annual percentage yield (APY), which reflects the effect of compounding over a year. Depending on the institution, interest may be credited monthly, quarterly, or at maturity, and can be paid out to a linked account or added back to the CD to compound. When comparing the Phoenix, Arizona CDs listed above, a saver gets the truest picture of total earnings by looking at APY rather than the nominal rate.
Fixed vs. Variable CD Rates in Phoenix, Arizona
Most CDs carry a fixed rate that is locked for the entire term, protecting a Phoenix, Arizona depositor if market rates fall after the account is opened. Some institutions offer variable-rate or bump-up CDs whose rate can change during the term; these may start lower but allow the rate to rise if conditions improve. Which is better depends on the direction a saver expects rates to move.
Frequently Asked Questions about CD Rates in Phoenix, Arizona
Are CD rates in Phoenix, Arizona FDIC insured?
Do I have to pay state taxes on CD interest in Phoenix, Arizona?
Can I withdraw my money early from a CD?
What is the difference between a Jumbo CD and a regular CD?
Are fixed-rate CDs better than variable-rate CDs?
What is a CD ladder?
Best CD rates in Phoenix, Arizona?
- Florida West Coast Credit Union: 4.08% APY (12 Month Certificate)
- Credit Union West Credit Union: 4.00% APY (Business Certificate 12 Months)
- Goldwater Bank: 4.00% APY (CERTIFICATES OF DEPOSIT - 12 Month)
- Copper State Credit Union: 3.85% APY (5 Year Certificate)
- Sharefax Credit Union: 3.75% APY (IRA & HSA Certificates 18 Months)
- Pima Federal Credit Union: 3.75% APY (12 months)
- Banner Federal Credit Union: 3.75% APY (6 & 12 Month Certificate)
- Mayo Employees Federal Credit Union: 3.70% APY (1 year)
- Vantage West Credit Union: 3.55% APY (60 Month CD)
- Sunflower Bank: 3.40% APY (6-Month CD Special)
CD Calculators for Phoenix, Arizona
At today’s AZ top rate of 4.08% APY, a $10,000 deposit earns $408 in the first year. Enter your amount to see your exact return.
Phoenix, Arizona CD LadderAZ CD rates currently range from 0.276% (3-month) to 3.377% (36-month). Model a ladder with local rates to keep cash accessible while maximizing yield.
Early Withdrawal PenaltyBefore locking into a Phoenix, Arizona CD at 4.08% APY, know your exit cost. Most institutions charge 90–180 days of interest — calculate your real net return if you need early access.
CD vs. High-Yield SavingsArizona’s average 12-month CD is 2.213% APY. Compare locking in that rate against a flexible high-yield savings account to see which earns more for your deposit and timeline.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Phoenix, Arizona CD rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified CD Rate Data: We aggregate certificate of deposit (CD) rates for Phoenix, Arizona directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. By sourcing data from the institutions' own digital properties and manually verifying yields daily, every rate on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Phoenix, Arizona. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to high-yield CDs from large national institutions available to savers in AZ.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update CD rates daily. Because yields can fluctuate rapidly, every CD product listed features its own specific “last updated” date for full transparency.
