National Bank of Arizona Review: Checking, Savings, CD, Money Market and IRA Accounts

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Updated on Tuesday, September 1, 2020

National Bank of Arizona’s checking account options

Anytime Checking®

A basic checking account that doesn’t earn interest. For an account that doesn’t offer much, it charges a surprisingly high monthly fee.
  • Minimum opening deposit: $50
  • Monthly account maintenance fee: $8 (can be waived)
  • ATM fees: None at National Bank of Arizona ATMs and ATMs that are part of the Zions Bancorporation network; $3 per transaction at other ATMs
  • ATM fee refunds: None
  • Overdraft fees: $35

National Bank of Arizona’s Anytime Checking® account only offers basic banking services. It comes with a debit card, online banking and the option to order checks. This account does not earn interest or rewards for spending on the debit card. If you want paper statements, there’s a $3 monthly fee.

You need to deposit at least $50 to open a National Bank of Arizona Anytime Checking® account. This account also charges an $8 monthly maintenance fee. National Bank of Arizona waives the fee if you meet one of the following each statement cycle:

  1. You make at least 10 purchases on a National Bank of Arizona credit or debit card
  2. You receive at least $250 in direct deposits
  3. You are 25 or younger

With the debit card, you can make free withdrawals from National Bank of Arizona ATMs, as well as any ATM that’s part of the Zions Bancorporation network. If you use an out-of-network ATM, National Bank of Arizona charges a $3 fee. It also will not refund any fees charged by ATM owners.

How to get National Bank of Arizona’s Anytime Checking® account

You can open an Anytime Checking® account online or at a National Bank of Arizona branch. The application will ask for your contact information, date of birth, employer information and Social Security number. You will also need to make your initial deposit. National Bank of Arizona accepts deposits by check, bank transfer and wire transfer.

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Anytime Interest Checking®

This account has slightly higher balance requirements than Anytime Checking®. In exchange, it pays interest. The rate is very low though.
APYMinimum Balance to Earn APY
0.03%
$0.01
0.03%
$1,000
0.03%
$2,500
0.03%
$5,000
0.03%
$25,000
0.03%
$100,000
  • Minimum opening deposit: $50
  • Monthly account maintenance fee: $10 (can be waived)
  • ATM fees: None at National Bank of Arizona ATMs and ATMs that are part of the Zions Bancorporation network; one free out-of-network transaction per statement cycle, then $3 at other ATMs
  • ATM fee refunds: None
  • Overdraft fees: $35

You need to deposit at least $50 to open a National Bank of Arizona Anytime Interest Checking® account. This account offers the same basic banking services as Anytime Checking®, but it pays interest. The rate is very low and stays the same for all balances.

In exchange for this extra benefit, the Anytime Interest Checking® account has a higher monthly maintenance fee of $10. You can avoid the fee if you meet one of the following each statement cycle:

  1. You have a minimum daily balance of $1,500 in the account
  2. You have a combined balance of at least $10,000 throughout National Bank of Arizona deposit accounts and loans (not including mortgages)

With the debit card, you can make free withdrawals from National Bank of Arizona ATMs, as well as any ATM that’s part of the Zions Bancorporation network. You can also make one out-of-network withdrawal per statement cycle without National Bank of Arizona charging a fee. It charges $3 for additional out-of-network transactions. This account also does not refund fees charged by out-of-network ATM owners. This account also charges another $3 monthly fee if you want paper statements.

How to get National Bank of Arizona’s Anytime Interest Checking® account

You can open an Anytime Interest Checking® account online or at a National Bank of Arizona branch. The application will ask for your contact information, date of birth, employer information and Social Security number. You will also need to make your initial deposit. National Bank of Arizona accepts deposits by check, bank transfer and wire transfer.

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Member FDIC

Premium Interest Checking

National Bank of Arizona’s premium account comes with interest and extra bank benefits, including a rate bonus for other accounts. The downside? It comes with a steep monthly fee and balance requirement.
APYMinimum Balance to Earn APY
0.03%
$0.01
0.03%
$1,000
0.03%
$2,500
0.03%
$5,000
0.03%
$25,000
0.03%
$100,000
  • Minimum opening deposit: $50
  • Monthly account maintenance fee: $20 (can be waived)
  • ATM fees: None at National Bank of Arizona ATMs and ATMs that are part of the Zions Bancorporation network; three free out-of-network transactions per statement cycle, then $3 per transaction
  • ATM fee refunds: Full refunds on up to three transactions per statement cycle
  • Overdraft fees: $35

The National Bank of Arizona Premium Interest Checking account requires an opening deposit of at least $50. After that, this account charges a $20 monthly fee unless you meet either of the following each statement cycle:

  1. You have a combined balance of at least $10,000 throughout National Bank of Arizona deposits accounts
  2. You have a combined balance of $25,000 throughout National Bank of Arizona deposit accounts and loans (not including mortgages)

In exchange for this steep fee and balance requirements, the Premium Interest Checking account comes with a full package of benefits. First, it earns interest on all balances. It also comes with a free safety deposit box and checks. When you have this account, you qualify for higher rates on other National Bank of Arizona deposit accounts. The bank will also waive the monthly fee on linked savings and money market accounts.

With the debit card, you can make free withdrawals from National Bank of Arizona ATMs, as well as any ATM that’s part of the Zions Bancorporation network. You can also make three out-of-network withdrawals per statement cycle without National Bank of Arizona charging a fee, and it will refund any fees charged by ATM owners on these transactions. For additional out-of-network transactions, it will charge a $3 fee and not refund any charges from ATM owners.

How to get National Bank of Arizona’s Premium Interest Checking account

You can open a Premium Interest Checking account online or at a National Bank of Arizona branch. The application will ask for your contact information, date of birth, employer information and Social Security number. You will also need to make your initial deposit. National Bank of Arizona accepts deposits by check, bank transfer and wire transfer.

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Member FDIC

Military Advantage Checking

For military service members, National Bank of Arizona reduces some of its checking fees and includes extra benefits.
  • Minimum opening deposit: $50
  • Monthly account maintenance fee: $5 (can be waived)
  • ATM fees: None at National Bank of Arizona ATMs and ATMs that are part of the Zions Bancorporation network; three free out-of-network transactions per statement cycle, then $3 per transaction
  • ATM fee refunds: Full refunds on up to three transactions per statement cycle
  • Overdraft fees: $35

If you are a member of the U.S. armed forces, you can open a National Bank of Arizona Military Advantage Checking account. This account does not earn interest, but it has lower fees than the other checking accounts. First, the monthly maintenance fee is just $5. You can avoid the fee by meeting either of the following each statement cycle:

  1. You have a minimum daily balance of at least $500 in your account
  2. You receive at least $250 in direct deposits

With this account, you can receive paper statements for free. You also receive free checks and a safety deposit box.

You can make free withdrawals from National Bank of Arizona ATMs, as well as any ATM that’s part of the Zions Bancorporation network. You can also make three out-of-network withdrawals per statement cycle without National Bank of Arizona charging a fee, and it will refund any fees charged by the ATM owner on these transactions. For additional out-of-network transactions, it will charge a $3 fee and not refund any charges from the ATM owner.

How to get National Bank of Arizona’s Military Advantage Checking account

You can open a Military Advantage Checking account at a National Bank of Arizona branch. This account is not available online or over the phone. The application will ask for your contact information, date of birth, employer information and Social Security number. You will also need to make your initial deposit. National Bank of Arizona accepts deposits by check, bank transfer and wire transfer.

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Senior Advantage Checking

If you are 62 or older, you can open a Senior Advantage Checking account. This account doesn’t earn interest but has lower fees than the other checking accounts.
  • Minimum opening deposit: $50
  • Monthly account maintenance fee: $5 (can be waived)
  • ATM fees: None at National Bank of Arizona ATMs and ATMs that are part of the Zions Bancorporation network; three free out-of-network transactions per statement cycle, then $3 at other ATMs
  • ATM fee refunds: Full refunds on up to three transactions per statement cycle
  • Overdraft fees: $35

For customers who are 62 or older, National Bank of Arizona offers a Senior Advantage Checking account. This account requires an opening deposit of at least $50. It charges a $5 monthly fee unless you meet either of the following each statement cycle:

  1. You have a minimum daily balance of at least $500 in your account
  2. You receive at least $250 in direct deposits

With this account, you can receive paper statements for free. You also receive free checks and a safety deposit box.

You can make free withdrawals from National Bank of Arizona ATMs, as well as any ATM that’s part of the Zions Bancorporation network. You can also make three out-of-network withdrawals per statement cycle without National Bank of Arizona charging a fee, and it will refund any fees charged by the ATM owner on these transactions. For additional out-of-network transactions, it will charge a $3 fee and will not refund any charges from the ATM owner.

How to get National Bank of Arizona’s Senior Advantage Checking account

You can open a Senior Advantage Checking account at a National Bank of Arizona branch. This account is not available online or over the phone. The application will ask for your contact information, date of birth, employer information and Social Security number. You will also need to make your initial deposit. National Bank of Arizona accepts deposits by check, bank transfer and wire transfer.

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How National Bank of Arizona’s checking accounts compare

It’s hard to get excited about National Bank of Arizona’s checking accounts. While they do an OK job delivering basic banking services, the interest rates are dismal. Only two of its accounts pay any interest at all, and the rates are extremely low.

Now, if you just want checking services, these accounts aren’t the worst. Through the Zions Bancorporation network, you can access a wide range of free ATMs in 11 states. If you go out of network, several of the National Bank of Arizona checking accounts refund ATM fees. While its monthly fees are a little high, there are many options to get the fee waived. Finally, several of the accounts come with extra benefits such as free checks and a safety deposit box.

If you want a simple checking account and live near a branch in Arizona, these accounts might be worth a look. But if you do a little research, you can find fantastic online checking accounts that not only earn great interest rates but give you much better free ATM access. Check out these other options before deciding.

National Bank of Arizona’s savings account options

NB|AZ® Savings

A low-fee savings account with a below-average interest rate. If you have a premium checking account, you get a rate bonus but still won’t earn much.
APYMinimum Balance to Earn APY
0.03%
$0.01
0.03%
$1,000
0.03%
$5,000
0.05%
$25,000
0.05%
$50,000
0.03%
$100,000
  • Minimum opening deposit: $50
  • Monthly account maintenance fee: $5 (can be waived)
  • ATM fees: None at National Bank of Arizona ATMs and ATMs that are part of the Zions Bancorporation network; $3 per transaction at other ATMs
  • ATM fee refunds: None
  • Overdraft fees: $35

National Bank of Arizona’s NB|AZ® Savings account requires an opening deposit of at least $50. This account charges a $5 monthly fee unless you meet either of the following each statement cycle:

  1. You have a minimum daily account balance of at least $200
  2. You receive an automatic transfer of at least $25

If you want paper statements, there’s another $3 monthly fee. The savings account earns interest but the rate is low. If you have a Premium Interest Checking account, National Bank of Arizona will add another 0.05% to your rate as a relationship bonus.

Each statement cycle, there’s a limit on how often you can take out money from your NB|AZ® Savings account because of a government rule, Regulation D. You can make up to six certain transfers or withdrawals per statement cycle. If you make more than six, National Bank of Arizona charges a $10 fee for each excess transaction.

How to get National Bank of Arizona’s NB|AZ® Savings account

You can open a NB|AZ® Savings account online or at a National Bank of Arizona branch. The application will ask for your contact information, date of birth, employer information and Social Security number. You will also need to make your initial deposit. National Bank of Arizona accepts deposits by check, bank transfer and wire transfer.

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Member FDIC

Young Savers

For customers 25 and younger, National Bank of Arizona offers a free savings account. The interest rates are still mediocre, though, and there’s no relationship rate bonus.
APYMinimum Balance to Earn APY
0.03%
$0.01
0.03%
$100
0.03%
$500
0.03%
$1,000
0.03%
$10,000
0.03%
$50,000
  • Minimum opening deposit: $5
  • Monthly account maintenance fee: None
  • ATM fees: None at National Bank of Arizona ATMs and ATMs that are part of the Zions Bancorporation network; $3 per transaction at other ATMs
  • ATM fee refunds: None
  • Overdraft fees: $35

If you are 25 or younger, you can open a National Bank of Arizona Young Savers account. This account requires an opening deposit of only $5. It earns interest on all balances, though the rate is very low. This account is not eligible for relationship rewards, so you won’t earn better rates for having a Premium Interest Checking account.

The Young Savers account has lower fees than the regular savings account. First, there is no monthly maintenance fee, regardless of your balance. If you want paper statements, these are also free with this account.

Each statement cycle, there’s a limit on how often you can take out money from your Young Savers account because of a government rule, Regulation D. You can make up to six certain transfers or withdrawals per statement cycle. If you make more than six, National Bank of Arizona charges a $10 fee for excess transactions.

How to get National Bank of Arizona’s Young Savers account

You can open a Young Savers online or at a National Bank of Arizona branch. The application will ask for your contact information, date of birth, employer information and Social Security number. You will also need to make your initial deposit. National Bank of Arizona accepts deposits by check, bank transfer and wire transfer.

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Member FDIC

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How National Bank of Arizona’s savings accounts compare

National Bank of Arizona does a nice job controlling fees on its savings accounts. Young Savers is always free, and the normal savings account only has a $5 monthly charge. You can easily avoid this fee by either making a monthly transfer of $25 from a checking account or keeping a balance of $200.

Given these low fees, it’s a shame that the National Bank of Arizona savings accounts don’t pay more interest. Its regular savings account rates are extremely low. If you have a Premium Interest Checking account, you earn a bit more on the regular savings account, but it’s still nowhere near a competitive rate.

While avoiding fees on a savings account is always nice, it’s a waste if you aren’t earning any interest on your money. For a free savings account with a decent return, try out these excellent online accounts instead.

National Bank of Arizona’s CD rates

National Bank of Arizona Certificates of Deposit

National Bank of Arizona offers a ton of variety for its regular CDs, but the rates are brutal. They’re extremely low for all terms, even if you qualify for the relationship upgrade or Jumbo rates.
TierTermAPY ($1,000)APY ($100,000)
Less than 1 month7 to 27 days 0.05%
0%
1 month28 to 88 days0.05%
0%
3 months89 to 179 days0.05%
0%
6 months180 to 269 days 0.10%
0%
9 months270 to 364 days0.10%
0%
1 year365 to 544 days0.15%
0%
18 months545 to 729 days0.15%
0%
2 years730 to 1,094 days0.15%
0%
3 years1,095 to 1,459 days0.25%
0%
4 years1,460 to 1,824 days0.35%
0%
5 years1,825 days or more0.50%
0%
  • Minimum opening deposit: $1,000 ($100,000 for jumbo)
  • Minimum balance amount to earn APY: $1,000 ($100,000 for jumbo)
  • Early withdrawal penalty: All the interest that the withdrawn principal would have earned during the entire CD term

National Bank of Arizona offers CDs with terms from less than one month to five years. The rates are divided into ranges of days, and you can pick the exact length of your CD. For example, the six-month CD range goes from 180 days to 269 days. You can pick any number of days during this time and earn the same rate.

You need to deposit at least $1,000 to open a National Bank of Arizona CD and keep this much in the account to earn the APY. It also offers jumbo CDs that require at least $100,000 to open and earn the APY. As of Nov. 5, its jumbo rates are the same as the regular CD rates.

If you have a Premium Interest Checking account, National Bank of Arizona will add another 0.05% to your CD interest rate as a relationship bonus.

National Bank of Arizona’s CDs charge an early withdrawal penalty if you take out money before the maturity date. On Oct. 29, we asked customer service how this penalty worked. It said the penalty is equal to all the interest that would be paid on the withdrawn principal during the entire CD term. For example, if you take $5,000 out of a one-year CD, you lose the full year’s worth of interest on the $5,000.

How to get National Bank of Arizona’s CDs

You can open a CD at a National Bank of Arizona branch. These accounts are not available online or over the phone. The application will ask for your contact information, date of birth, employer information and Social Security number. You will also need to make your initial deposit. National Bank of Arizona accepts deposits by check, bank transfer and wire transfer.

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Member FDIC

Promotional Certificates of Deposit

Until the end of 2018, National Bank of Arizona is running some CD promotions with higher rates. These are much better deals than any of its regular CDs.
TermAPY
6 months1.50%
9 months1.75%
15 months2.00%
  • Minimum opening deposit: $5,000
  • Minimum balance amount to earn APY: $5,000
  • Early withdrawal penalty: All the interest that the withdrawn principal would have earned during the entire CD term

Until Dec. 31, 2018, National Bank of Arizona is offering several CD promotions. These are short-term CDs that range from six months to 15 months. You need to deposit at least $5,000 to open one of the promotional CDs.

In exchange for this larger deposit, you receive a much better rate. The promotional CD rates are significantly higher than all the regular National Bank of Arizona CDs, even the long-term options that last several years.

National Bank of Arizona’s CDs charge an early withdrawal penalty if you take out money before the maturity date. On Oct. 29, we asked customer service how this penalty worked. It said the penalty is equal to all the interest that would be paid on the withdrawn principal during the entire CD term. For example, if you take $5,000 out of a one-year CD, you lose the full year’s worth of interest on the $5,000.

How to get National Bank of Arizona’s Promotional CDs

You can open a Promotional CD at a National Bank of Arizona branch. This account is not available online or over the phone. The application will ask for your contact information, date of birth, employer information and Social Security number. You will also need to make your initial deposit. National Bank of Arizona accepts deposits by check, bank transfer and wire transfer.

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How National Bank of Arizona’s CD rates compare

We do not recommend using any of the regular CDs at National Bank of Arizona. Its rates are extremely low for all terms — so low that you could find checking accounts that pay more. While it’s convenient that it lets you pick the number of days, that doesn’t come close to making up for the ultra-low rates.

Its promotional CDs are an improvement. Still, they only pay what we would consider an average rate and are only available as short-term CDs. They aren’t terrible, but if you want to earn the best return on your savings, there are much better deals available. We’ve tracked the best CD rates for every term so you can find a quality return for any savings timeline.

National Bank of Arizona’s money market account option

NB|AZ® Money Market

Despite having higher fees and balance requirements, National Bank of Arizona’s money market account pays lower rates than its savings account. We’d stay away from this one.
APYMinimum Balance to Earn APY
0.03%
$1,000
0.03%
$5,000
0.05%
$25,000
0.05%
$100,000
0.05%
$250,000
  • Minimum opening deposit: $500
  • Monthly account maintenance fee: $10 (can be waived)
  • ATM fees: None at National Bank of Arizona ATMs and ATMs that are part of the Zions Bancorporation network; $3 per transaction at other ATMs
  • ATM fee refunds: None
  • Overdraft fees: $35

National Bank of Arizona’s NB|AZ® Money Market account requires an opening deposit of at least $500. This account charges a $10 monthly maintenance fee, but National Bank of Arizona will waive the fee so long as you keep a minimum daily balance of at least $1,000. There is also another $3 monthly charge if you want paper statements.

This account earns interest so long as you balance is at least $1,000, but the rate is extremely low. If you have a Premium Interest Checking account, National Bank of Arizona adds another 0.05% to your rate as a relationship bonus.

Each statement cycle, there’s a limit on how often you can take out money from your money market account because of a government rule, Regulation D. You can make up to six certain transfers or withdrawals per statement cycle. If you make more than six, National Bank of Arizona charges a $10 fee for excess transactions.

How to get National Bank of Arizona’s NB|AZ® Money Market account

You can open a money market account online or at a National Bank of Arizona branch. The application will ask for your contact information, date of birth, employer information and Social Security number. You will also need to make your initial deposit. National Bank of Arizona accepts deposits by check, bank transfer and wire transfer.

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on National Bank Of Arizona’s secure website

Member FDIC

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How National Bank of Arizona’s money market account compares

Based on what we’ve seen, there’s no reason to open the NB|AZ® Money Market account. Even though it requires a $1,000 balance to avoid the monthly fee, it pays practically no interest.

It pays even less than National Bank of Arizona’s savings account. While we aren’t crazy about that account either, at least it has low fees. That’s not the case for the money market account.

If you’re going to deal with the high balance requirements of a money market account, you should earn a fair interest rate for your trouble. These top money market accounts pay rates that blow National Bank of Arizona out of the water.

National Bank of Arizona’s IRA CD rates

IRA Certificates of Deposit

National Bank of Arizona’s CDs with terms of at least one year are available for an IRA. The rates are the same as the regular CDs and very low.
TierTermAPY ($1,000)Relationship APY
1 year365 to 544 days0.15%
0.20%
18 month545 to 729 days0.15%
0.20%
2 years730 to 1,094 days0.25%
0.30%
3 years1,095 to 1,459 days0.35%
0.40%
4 years1,460 to 1,824 days0.45%
0.50%
5 years1,825 days or more0.60%
0.65%
  • Minimum opening deposit: $1,000 ($100,000 for jumbo)
  • Minimum balance amount to earn APY: $1,000 ($100,000 for jumbo)
  • Early withdrawal penalty: All the interest that the withdrawn principal would have earned during the entire IRA CD term.

Most of National Bank of Arizona’s CDs can be opened through an IRA so that you can save for retirement. It offers all the terms of one year or longer. The short-term CDs that last less than a year are not available for an IRA CD. When you open an IRA CD, you can pick the exact number of days for your term. For example, the one-year IRA CD lets you pick any time from 365 to 544 days, and you’ll earn the same rate.

You must deposit at least $1,000 to open a National Bank of Arizona IRA CD and keep this much in the account to earn the APY. It also offers jumbo IRA CDs that require $100,000, but the rates are the same as the regular IRA CDs.

If you have a Premium Interest Checking account, National Bank of Arizona will add another 0.05% to your IRA CD interest rate as a relationship bonus.

National Bank of Arizona’s IRA CDs charge an early withdrawal penalty if you take out money before the maturity date. On Oct. 29, we asked customer service how this penalty worked. It said the penalty is equal to all the interest that would be paid on the withdrawn principal during the entire IRA CD term. For example, if you take $5,000 out of a one-year IRA CD, you lose the full year’s worth of interest on the $5,000.

How to get National Bank of Arizona’s IRA CDs

You can open an IRA CD at a National Bank of Arizona branch. These accounts are not available online or over the phone. The application will ask for your contact information, date of birth, employer information and Social Security number. You will also need to make your initial deposit. National Bank of Arizona accepts deposits by check, bank transfer and wire transfer.

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on National Bank Of Arizona’s secure website

Member FDIC

Promotional IRA CDs

You can also use National Bank of Arizona’s promotional CDs through an IRA. These are much better than any of the regular IRA CD rates.
TermAPY
6 months1.50%
9 months1.75%
15 months2.00%
  • Minimum opening deposit: $5,000
  • Minimum balance amount to earn APY: $5,000
  • Early withdrawal penalty: All the interest that the withdrawn principal would have earned during the entire CD term

Until Dec. 31, 2018, National Bank of Arizona is offering special promotion IRA CDs. These pay much better rates than any of the normal IRA CDs. They only come in short terms that range from six months to 15 months.

The promotional IRA CDs also have a higher balance requirement. You need to deposit at least $5,000 to open an account and keep this much in your IRA CD to earn the APY.

National Bank of Arizona’s Promotional IRA CDs charge an early withdrawal penalty if you take out money before the maturity date. On Oct. 29, we asked customer service how this penalty worked. It said the penalty is equal to all the interest that would be paid on the withdrawn principal during the entire IRA CD term. For example, if you take $5,000 out of a one-year IRA CD, you lose the full year’s worth of interest on the $5,000.

How to get National Bank of Arizona’s Promotional IRA CDs

You can open a Promotional IRA CD at a National Bank of Arizona branch. These accounts are not available online or over the phone. The application will ask for your contact information, date of birth, employer information and Social Security number. You will also need to make your initial deposit. National Bank of Arizona accepts deposits by check, bank transfer and wire transfer.

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on National Bank Of Arizona’s secure website

Member FDIC

IRA Money Market

The IRA Money Market account gives you more access to your retirement savings than an IRA CD, but the rates are mediocre. We wouldn’t accept that trade-off.
APYMinimum Balance to Earn APY
0.05%
$0.01
0.05%
$2,000
0.05%
$10,000
0.05%
$25,000
0.05%
$50,000
0.07%
$100,000
  • Minimum opening deposit: $100
  • Monthly account maintenance fee: None

National Bank of Arizona’s IRA Money Market account requires an opening deposit of at least $100. After you open, this account does not charge a monthly fee regardless of your balance.

When you use an IRA Money Market account, you have more access to your money than with an IRA CD because you aren’t committing to a set period. National Bank of Arizona lets you make six withdrawals per statement cycle from this account without charging a fee. If you make than six, they will charge a $10 fee on the excess transactions.

The IRA Money Market account earns interest on all deposits, but the rate is very low. If you have a Premium Interest Checking account, National Bank of Arizona adds an extra 0.05% to your rate as a relationship bonus.

How to get National Bank of Arizona’s IRA Money Market account

You can open an IRA Money Market at a National Bank of Arizona branch. These accounts are not available online or over the phone. The application will ask for your contact information, date of birth, employer information and Social Security number. You will also need to make your initial deposit. National Bank of Arizona accepts deposits by check, bank transfer and wire transfer.

SEE DETAILS Secured

on National Bank Of Arizona’s secure website

Member FDIC

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How National Bank of Arizona’s IRA CD rates compare

When it comes to helping you reach your retirement goals, the regular National Bank of Arizona IRA CDs won’t get the job done. None of them pays a competitive interest rate.

The IRA Money Market has the potential to be a useful account because it doesn’t charge a monthly fee, has a low opening deposit requirement and gives you flexible access to your retirement savings. But the rate is so low that your money will barely grow.

The only products that come close to paying a respectable rate are the Promotional IRA CDs. These could be worth using if you can make the $5,000 minimum deposit requirement. Still, there are other IRA CDs out there that pay even more than the National Bank of Arizona promotions, and you can open them up for a lot less than $5,000. Chance are they’ll be more effective for your retirement goals.

Overall review of National Bank of Arizona’s banking products

If there’s a common theme with National Bank of Arizona’s banking products, it’s that none of them pays enough interest. Nearly all its accounts pay below-average rates, the same bottom-of-the-barrel rates you see at large national banks. While National Bank of Arizona throws in a small rate bump for customers with its high-end Premium Checking account, even with this bonus its rates are way too low.

Outside of the poor rates, the National Bank of Arizona products aren’t terrible. All its accounts have plenty of options for avoiding the monthly maintenance fee. It also has a wide variety of products from which to choose, including five checking accounts and the option to customize your CD or IRA CD to the exact number of days. While variety is nice, it doesn’t help anyone trying to grow their money.

If you live near a National Bank of Arizona branch and want to use its ATMs, it might be worth using for a checking or savings account. But if you’d like to grow your money, you’ll have to go elsewhere.

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