With temperatures beginning to rise in Arizona, Pinnacle Bank has unveiled a full menu of hot CD rates for Phoenix-area savers.
It’s offering the following:
- 1.50% APY on 12-month certificates.
- 1.75% APY on 18-month certificates.
- 2.00% APY on 24-, 36- and 48-month certificates.
All five of these will earn you more than the top nationally available returns from the banks on our CD Rates Leaderboard, where the best 12-month yield is currently 1.36% and the best 48-month yield, 1.91% APY.
A search through Bankrate’s extensive database of the day’s best CD rates is always in order, of course, but we suspect it’ll confirm how strong these Pinnacle offers are.
These CDs require a minimum deposit of $1,000 and carry a penalty of six months’ interest should you opt to cash in before maturity (with the exception of the 12-month certificate, which carries just a 3-month penalty).
Anyone in the greater Phoenix area is welcome to open a certificate of deposit with Pinnacle. However, a visit to either its Phoenix or Scottsdale branches is required.
For more than a hundred additional local and regional deals like this one, be sure to search our constantly updated roundup of the country’s top-paying CDs from credit unions and community banks.