CD Accounts
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.35% - 0.95%(Verified 06/21/2024)
Disclaimer popup with additional information
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
Goldwater Bank CD Review
Goldwater Bank CD are offered by Goldwater Bank, a bank founded in 2007 and based in Scottsdale, AZ. Goldwater Bank CD are available in 50 states and Washington, DC.
Key Takeaways
- Only one CD type available. Goldwater Bank CD only offers traditional CD accounts.
- Higher than average APY. Goldwater Bank CD has an annual percentage yield of up to 0.95%, which is higher than the national average for 3-month CDs.
- 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
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Goldwater Bank CD FAQ
Are CD from Goldwater Bank federally insured?
Yes, your Goldwater Bank CDs 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 if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.
What 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:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Month APY | 0.35% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 0.65% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.35% - 0.95% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | 0.5% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | 0.80% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Year APY | 0.85% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5-Year APY | 0.95% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with Goldwater Bank?
Goldwater Bank CD require 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 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 term ends.
Goldwater Bank charges an early withdrawal fee.
Goldwater Bank does 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.
Hours of Operation
SundayClosedMonday9:00AM - 4:00PMTuesday9:00AM - 4:00PMWednesday9:00AM - 4:00PMThursday9:00AM - 4:00PMFriday9:00AM - 3:00PMSaturdayClosed
Other Services by Goldwater Bank
Other CD Accounts from Goldwater Bank
Rating not yet determined
APY (Annual Percentage Yield)
0.65%
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $50K
Certificate Term
12 months
SuperMoney Net Recommendation Score
Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.
-100
-1000+100
No one recommends
Everyone recommends
Goldwater Bank CD Community Reviews
Would you recommend Goldwater Bank CD to your friends?
U
Anonymous
Jun 5, 2017
May or may not recommend
We are experiencing the EXACT experience as John S! Not one missed beat. You are not exaggerating on the repetitive requests. It has been over four months. I am finally exhausted with them and moving on this week to open a refi through BofA. I'm furious over the waste of my life with this outfit. Each month, they will instruct you not to pay your mortgage and in the middle ...Show More
JS
John S.
Apr 14, 2017
May or may not recommend
Worst experience ever!!! I would AVOID at all cost, unless loss of the home purchase or refi is the goal!! I have closed literally dozens of mortgages on many homes in the past few years. I could recommend many MTG companies (Plaza Mtg, 360 Mtg, BOA, etc..., but this is one to AVOID at all costs!!
They are incredibly disorganized, stringing out a list of requests ...Show More
Showing 2 of 2 reviews
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