Arizona Savings Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Bank & Credit Union Star Ratings
- Finance Calculators
Arizona savings account rates range from 1.00% to 5.50% APY, verified by MonitorBankRates as of October 13, 2026. The best savings rates for Arizona include Mayo Employees Federal Credit UnionMayo Employees Federal Credit Union5777 E Mayo Blvd, Phoenix, AZ 85054A+5.0 ★Texas Ratio: 0.16%Real return: +2.70%APY minus 2.8% CPI (February 2026) Teen Savings at 5.50% APY, WaFd BankWaFd Bank298 W Mariposa Rd, Nogales, AZ 85621A+5.0 ★Texas Ratio: 4.48%Real return: +2.20%APY minus 2.8% CPI (February 2026) Start Savings at 5.00% APY, UNIFY Financial Federal Credit UnionUNIFY Financial Federal Credit Union111 W Rio Salado Pkwy, Tempe, AZ 85281A-5.0 ★Texas Ratio: 14.54%Real return: +2.20%APY minus 2.8% CPI (February 2026) High Interest Savings at 5.00% APY, TUCSONTUCSON1160 N WINSTEL BLVD, TUCSON, AZ 85716 4023A+5.0 ★Texas Ratio: 5.69%Real return: +2.20%APY minus 2.8% CPI (February 2026) Level Up Savings (Minor Account) at 5.00% APY, and Nuvision Federal Credit UnionNuvision Federal Credit Union5000 E McDowell Rd, Mesa, AZ 85215 9707A+5.0 ★Texas Ratio: 3.84%Real return: +1.70%APY minus 2.8% CPI (February 2026) Digital Savings (new members only) at 4.50% APY.
Use the tables below to compare savings rates across Arizona side-by-side. Arizona savings rates currently reach as high as 5.50% APY from Mayo Employees Federal Credit Union at 5777 E Mayo Blvd, Phoenix, AZ 85054. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Arizona and the surrounding area. Last Updated and Verified: October 13, 2026
Compare the Best Savings Rates in Arizona
Balance: $100.00 and over; Additional deposits up to $8,000; Minimum additional deposit $100; Matures on teen's 18th birthday; Withdrawal before maturity incurs penalty of all dividends earned
Balance: $0 - $500. Checking account required to open
Balance: $1.00 - $2,500.00
Balance: $0.01 to $1,000.00
Qualifications Required: 1 direct deposit or ACH credit; 12 debit card purchases; e-statements enrollment; online banking enrollment/login; Balances over $1,000.00 will receive our normal share rate, currently 0.05% variable APY subject to change monthly. Upon turning 18, the LevelUp Savings account will automatically convert to a Club Account and receive the then current regular club rate. Product exclusively for members under 18 years old. Balance: $0.01 - $1,000.00
APY* applies to balances up to $25,000.
Monthly transfer of $10 minimum from checking, share savings, money market, or student savings; not available for bump-rate or flexible certificates; limit $100,000 combined Dedicated Savings and Flexible Certificate Accounts; $10 minimum balance after any withdrawal unless closed
Balance: $100.00 and over; Additional deposits up to $5,000; Minimum additional deposit $100; Matures on child's 13th birthday; Withdrawal before maturity incurs penalty of all dividends earned
- Oct 7, 20264.41%▲ from 0.10%
- Sep 18, 20260.10%▼ from 4.41%
- Sep 15, 20264.41%first recorded
Monthly transfer of $10 minimum from checking, share savings, money market, or student savings; not available for bump-rate or flexible certificates; limit $100,000 combined Dedicated Savings and Flexible Certificate Accounts; $10 minimum balance after any withdrawal unless closed
Monthly transfer of $10 minimum from checking, share savings, money market, or student savings; not available for bump-rate or flexible certificates; limit $100,000 combined Dedicated Savings and Flexible Certificate Accounts; $10 minimum balance after any withdrawal unless closed
Monthly transfer of $10 minimum from checking, share savings, money market, or student savings; not available for bump-rate or flexible certificates; limit $100,000 combined Dedicated Savings and Flexible Certificate Accounts; $10 minimum balance after any withdrawal unless closed
Monthly transfer of $10 minimum from checking, share savings, money market, or student savings; not available for bump-rate or flexible certificates; limit $100,000 combined Dedicated Savings and Flexible Certificate Accounts; $10 minimum balance after any withdrawal unless closed
All Balances
Promotional APY. Balances at or below $9,999.99 do not qualify for this promotional rate and are subject to the current non-promotional interest rate applicable to this account type. At the end of the 180-day promotional period, the interest rate and APY will revert to the then-posted non-promotional rate(s) applicable to this account type. The interest rate(s) and annual percentage yield(s) are variable and may change at any time before or after the account is opened. To qualify, you must be a new personal savings client of Flagstar Bank and open a Flagstar Ready Savings account. You must make an initial minimum opening deposit of at least $1.00. To qualify for the promotional rate, you must deposit additional funds, to maintain a balance greater than or equal to $10,000 is required and must be "new money," which is defined as money that is not currently on deposit in any Flagstar Bank account; money moved from any Flagstar Bank affiliate or subsidiary account or funded from a Flagstar/affiliate loan or line of credit does not qualify. For purposes of this offer, funds from maturing certificate of deposit accounts held at Flagstar Bank will be considered eligible. The account must remain open for the full 180-day promotional period. This offer is limited to one promotion per household. If any signer on this account has previously received a savings promotion from Flagstar Bank, you are ineligible for this offer. This offer cannot be combined with any other offers or promotions. An early account closure fee may be imposed for accounts closed within 180 days. Offer subject to change or cancellation at any time without notice. Receiving this offer does not guarantee eligibility. All account applications are subject to our normal approval process. Personal accounts only. Area restrictions may apply.
- Oct 6, 20264.00%▲ from 3.75%
- Sep 18, 20263.75%first recorded
Balance: $500,000 and over
Monthly transfer of $10 minimum from checking, share savings, money market, or student savings; not available for bump-rate or flexible certificates; limit $100,000 combined Dedicated Savings and Flexible Certificate Accounts; $10 minimum balance after any withdrawal unless closed
Monthly transfer of $10 minimum from checking, share savings, money market, or student savings; not available for bump-rate or flexible certificates; limit $100,000 combined Dedicated Savings and Flexible Certificate Accounts; $10 minimum balance after any withdrawal unless closed
Balance: $1,000,000 and over
- Oct 9, 20263.90%▲ from 2.70%
- Sep 29, 20262.70%first recorded
Balance Optimizer
Balance: above $5,000,000
- Sep 30, 20263.88%▲ from 3.64%
- Sep 9, 20263.64%first recorded
Balance: $0.01 - $9,999.99
- Oct 9, 20263.85%▲ from 3.75%
- Sep 18, 20263.75%first recorded
Propel Savings is a variable tier rate savings account that pays the stated interest rate only on that portion of the account balance that falls within that specified tier to create a range rate. Rates are subject to change at any time, refer to the Fee Schedule for more information. $2 monthly fee waived if enrolled in eStatements. Limit one Propel Savings and YourSavings account per Tax ID number. Balance: $0.00 - $9,999.99
- Oct 9, 20263.85%▲ from 3.75%
- Sep 18, 20263.75%first recorded
The annual percentage yield (APY) is accurate as of January 8, 2026 and subject to change at the Bank's discretion. Refer to product's website for latest APY rate. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY.
Balance: >$1,000,000
- Oct 7, 20263.57%▲ from 3.31%
- Sep 18, 20263.31%first recorded
Earn up to 3.50% APY when you are an account owner of a Bank Smartly Checking, Safe Debit account, or Bank SmartlyTM Visa Signature Card and a CQB of at least $25,000. APYs may vary by location and are accurate for accounts opened on today's date. Restrictions apply.
Earn 3.50% APY on your first $1,000. $2 monthly fee waived if enrolled in eStatements.
Balance: $10,000+
Balance: $250,000 - $999,999.99
- Oct 9, 20263.45%▲ from 2.70%
- Sep 29, 20262.70%first recorded
Balance: $0 - $10,000
All Balances
Balance: $1,000,000+; Minimum balance $20,000 to earn stated rate; Rate may change after account is opened
- Oct 13, 20263.40%▲ from 1.85%
- Sep 14, 20261.85%first recorded
Balance: Balance1,000-24,999
Balance: $5MM and over
Balance: $25,000 - $49,999.99; APY range: 3.20% - 2.70% APY
- Oct 9, 20263.20%▲ from 3.09%
- Sep 14, 20263.09%first recorded
Annual Percentage Yield: 3.09% with a daily balance of $1,000,000 or less; Interest rate: 3.05% with a daily balance of $1,000,000 or less; Monthly maintenance fee: $5; Average daily balance to avoid fee: $4,000; ATM surcharge rebate Up to $10 per month: YES
- Oct 6, 20263.09%▼ from 3.88%
- Sep 30, 20263.88%first recorded
Balance: $400k - $999,999.99
- Oct 7, 20263.08%▲ from 2.82%
- Sep 18, 20262.82%first recorded
Balance: $750,000 - $999,999.99; Minimum balance $20,000 to earn stated rate; Rate may change after account is opened
- Oct 13, 20263.05%▲ from 1.85%
- Sep 14, 20261.85%first recorded
Balance: $0.01-$1,000; Deposits only made through debit card round-up feature
Balance: $25,000.00 to $99,999.99
Available in-branch only. You must maintain an average daily balance of $100,000 to earn the annual percentage yield stated; on a balance below $100,000 you would earn the Personal Statement Savings annual percentage yield.
Balance: $250,000 - $499,999.99
Balance: $5 - $999.99
Balance: $5,000,000 or below
- Sep 30, 20262.94%▼ from 3.64%
- Sep 9, 20263.64%first recorded
Balance: $500,000 - $749,999.99; Minimum balance $20,000 to earn stated rate; Rate may change after account is opened
- Oct 13, 20262.90%▲ from 1.85%
- Sep 14, 20261.85%first recorded
Balance: $25,000 - $99,999.99
Balance: $100,000 - $249,999.99
Balance: $50,000 - $99,999.99; APY range: 2.70% - 2.30% APY
- Oct 9, 20262.70%▲ from 2.64%
- Sep 14, 20262.64%first recorded
Balance: $250,000 - $499,999.99; Minimum balance $20,000 to earn stated rate; Rate may change after account is opened
- Oct 13, 20262.65%▲ from 1.85%
- Sep 14, 20261.85%first recorded
Balance: $500.01 - $1000. Checking account required to open
Balance: $100k - $399,999.99
- Oct 7, 20262.34%▲ from 2.08%
- Sep 18, 20262.08%first recorded
Balance: $100,000 and over
Balance: $100,000 - $249,999.99; Minimum balance $20,000 to earn stated rate; Rate may change after account is opened
- Oct 13, 20262.30%▲ from 1.85%
- Sep 14, 20261.85%first recorded
Balance: $100,000 & Greater; APY range: 2.30% - 1.58% APY
- Oct 9, 20262.30%▲ from 2.28%
- Sep 14, 20262.28%first recorded
Balance: $500,000.00 to $999,999.99
Balance: $500,000.00 to $999,999.99
Balance: 0 - $100,000
Balance: $100,000.00 to $499,999.99
Balance: $100,000.00 to $499,999.99
Balance: $5000.00 to $99,999.99
Balance: $5,000.00 to $99,999.99
Balance: $25,000 - $99,999.99
- Oct 7, 20261.06%▲ from 0.85%
- Sep 18, 20260.85%first recorded
Loyalty Program* Platinum Tier APY (Interest Rate is Base Interest Rate + 0.50%)
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Arizona Savings Rate Trends
Compare local Arizona savings rate quotes against the statewide average
Daily savings rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Arizona high-yield savings rates rose 0.012 points over the past 7 days to 2.528% APY, up from 2.516%.
Arizona standard savings rates fell 0.008 points over the past 7 days to 0.539% APY, down from 0.548%.
Arizona Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current AZ high-yield average and a Fed funds spread to project the likely rate trajectory for 2026 to 2027.
Savings account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current AZ high-yield savings average of 2.528% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit rates at banks and credit unions track policy-rate changes within 60 to 90 days. High-yield online savings rates tend to adjust faster than standard branch-based savings rates.
Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions in Arizona.
Savings Account Earnings in Arizona
Annual interest earnings at current AZ average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (2.528% APY) | Monthly Earnings | Standard Savings (0.539% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $126.42 / year | $10.54 | $26.96 / year | $2.25 |
| $10,000 | $252.83 / year | $21.07 | $53.92 / year | $4.49 |
| $25,000 | $632.08 / year | $52.67 | $134.80 / year | $11.23 |
| $50,000 | $1,264.15 / year | $105.35 | $269.60 / year | $22.47 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, and daily balance maintained. Rates are variable and subject to change. Source: Arizona savings rate averages as of October 13, 2026. | ||||
About Our Arizona Savings Rate Database
MonitorBankRates tracks 175 savings rates from 15 banks and 11 credit unions offering savings accounts to Arizona residents, including community institutions, regional banks, and national online options. 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 to 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: Mayo Employees Federal Credit Union offers a savings account at 5.50% APY with a minimum deposit of $100. Use the rate table above to compare all current offers in Arizona.
How to Find the Best Savings Rates in Arizona
What to compare when shopping for a savings account in Arizona
To find the best savings APYs in Arizona, start with credit unions and online-only banks: Arizona has 11 credit unions in our database, and they consistently offer some of the highest yields because they are member-owned nonprofits with lower overhead than traditional banks.
Always compare the APY (Annual Percentage Yield), not just the interest rate. APY reflects compounding and is the true measure of what you’ll earn. Savings accounts that compound daily earn slightly more than those compounding monthly at the same stated rate. The current AZ high-yield savings average is 2.528% but top local institutions are offering as high as 5.50%, so shopping around pays off.
Unlike a CD, savings account rates are variable. Your rate can change at any time with Federal Reserve policy. Many institutions offer elevated introductory rates that reset after a promotional period. Review your account periodically to ensure your APY remains competitive.
When a High-Yield Savings Account Makes Sense
- Emergency fund: Financial experts recommend 3 to 6 months of expenses in a liquid, FDIC-insured account. Arizona high-yield savings rates currently average 2.528% APY, far above a typical checking account.
- Short-term savings goals (6 to 24 months): If you may need the money soon, a savings account gives you immediate access without early withdrawal penalties.
- Parking cash between investments: A high-yield savings account at Arizona institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 26 institutions in Arizona report savings rates to our database.
- You’re among Arizona’s 18.9% of residents aged 65+ for whom liquid, accessible savings complement fixed-income holdings.
- No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.
Consider an Alternative If…
- You want a locked-in, guaranteed return Arizona CD rates
- You want check-writing flexibility Arizona money market rates
- You need daily transaction access Arizona checking rates
Arizona Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
18.9% of residents are 65 or older, in line with the national average of 17.3%. At today’s AZ high-yield savings average of 2.528%, saving 10% of the local median salary ($4,547/year) would earn an additional $115 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Arizona Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Arizona.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current AZ Avg APY | 2.528% | 0.539% | View MMA Rates | View CD Rates |
| Rate Type | Variable | Variable | Variable | Fixed for term |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Withdraw Anytime | ✓ Yes | ✓ Yes | ✓ Yes | ✗ Penalty applies |
| Check Writing | ✗ No | ✗ No | ✓ Often yes | ✗ No |
| Debit / ATM Card | Some institutions | ✗ Rarely | ✓ Often yes | ✗ No |
| Typical Min Deposit | $0 to $100 | $25 to $100 | $0 to $2,500 | $500 to $1,000 |
| Rate Risk | Variable, moves with Fed policy | Variable, moves with Fed policy | Variable, moves with Fed policy | None, locked for term |
| Best For | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Active savers wanting flexibility + check writing | Locking in a rate for a defined period |
APY data reflects Arizona averages tracked in our database as of October 13, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Arizona
At AZ’s top rate of 5.50% from Mayo Employees Federal Credit Union, a $10,000 deposit earns $550 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Arizona earner is roughly $11,400. At 2.528% APY, saving $950/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsArizona’s high-yield savings average is 2.528% APY, variable and always accessible. A local CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median Arizona earner makes $45,474/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.528% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.528% APY grows to roughly $41,192 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Arizona savings 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 Savings Rate Data: We aggregate savings account rates for Arizona directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every savings rate displayed 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 Arizona. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to large national institutions available to savers in AZ.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Savings Accounts in Arizona
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Arizona safe?
How often do savings rates change in Arizona?
Do I need a minimum deposit to open a savings account?
What is the difference between a Savings Account and a Money Market Account?
Are online banks better than local banks in Arizona?
How do I open a savings account in Arizona?
Best Savings Rates in Arizona
- Mayo Employees Federal Credit Union
Teen Savings: 5.50% APY - WaFd Bank
Start Savings: 5.00% APY - UNIFY Financial Federal Credit Union
High Interest Savings: 5.00% APY - TUCSON
Level Up Savings (Minor Account): 5.00% APY - Nuvision Federal Credit Union
Digital Savings (new members only): 4.50% APY
Cities in Arizona
