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  Goldwater Bank CD

Goldwater Bank CD

in CD Accounts from Goldwater Bank · fdic

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Goldwater Bank CD

Unaffiliated

in CD Accounts from Goldwater Bank · Member FDIC

Net Recommendation Score -100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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2 users don't recommend
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Highlights
Community Rating

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Minimum Opening Deposit Starting at $5,000
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 15 months
  • 18 months
  • 2 years
  • 3 years
  • 5 years
APY (Annual Percentage Yield) 0.35% - 0.95%

Goldwater Bank CD Review

Goldwater Bank CD is offered by Goldwater Bank, a bank founded in 2007 and based in Scottsdale, AZ. Goldwater Bank CD is available in 50 states (and Washington, DC).

Key Takeaways
  • Only one CD account type available. Goldwater Bank CD only offers traditional CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 0.95%, which is much higher than the national average for a CD account.
  • High minimum deposit. You must deposit a minimum of $5,000, which is high compared to most CD accounts.
  • Wide selection of CD terms. Goldwater Bank CD allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of Goldwater Bank CD
Pros Cons
  • FDIC insured.
  • Multiple CD terms available.
  • Available in all 50 states.
  • High-interest yield.
  • No charge on incoming domestic or international wire transfers.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.
Goldwater Bank CD FAQ

Are cd accounts from Goldwater Bank federally insured?

Yes, your Goldwater Bank cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does Goldwater Bank offer?

Goldwater Bank CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.

What CD rates does Goldwater Bank offer on its CDs?

Goldwater Bank CD offers an APY starting at 0.35% and ranging up to 0.95%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does Goldwater Bank CD offer?

Goldwater Bank offers CD terms of the following lengths:
Goldwater Bank CD Rates & Terms
Description
2-Year APY 0.80%
3-Month APY 0.35%
3-Year APY 0.85%
5-Year APY 0.95%
6-Month APY 0.5%
12-Month APY 0.65%
APY (Annual Percentage Yield) 0.35% - 0.95%

What is the minimum deposit to open a CD account with Goldwater Bank?

Goldwater Bank CD requires a minimum deposit of $5,000 to open an account.

What is the grace period for Goldwater Bank CD?

Goldwater Bank CD does not specify what their grace period is. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Goldwater Bank CD charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

Goldwater Bank does not charge an early withdrawal fee.

Goldwater Bank does not seem to charge any of the fees we track.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

  • Headquarters
  •   7135 E Camelback Rd
    Scottsdale, AZ 85251
  •   Visit Site

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 4:00pm
  • Tuesday 9:00am - 4:00pm
  • Wednesday 9:00am - 4:00pm
  • Thursday 9:00am - 4:00pm
  • Friday 9:00am - 3:00pm
  • Saturday Closed

About Goldwater Bank CD

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View all cd accounts offered by Goldwater Bank

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Minimum Opening Deposit Starting at $5,000
2-Year APY 0.80%
3-Month APY 0.35%
3-Year APY 0.85%
5-Year APY 0.95%
6-Month APY 0.5%
12-Month APY 0.65%
APY (Annual Percentage Yield) 0.35% - 0.95%
CD Accounts Traditional
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 15 months
  • 18 months
  • 2 years
  • 3 years
  • 5 years

Goldwater Bank CD Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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