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Last Updated: 04/18/2025

Sun Canyon Bank 11-Month High Yield CD

in CD Accounts from Sun Canyon Bank

Last Updated: 04/18/2025

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Highlights

APY (Annual Percentage Yield)

4.94%(Verified 06/21/2024)

Minimum Opening Deposit

Starting at $1

Certificate Term

11 months
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Sun Canyon Bank 11-Month High Yield CD Review

Sun Canyon Bank 11-Month High Yield CD are offered by Sun Canyon Bank, a bank founded in 1955 and based in Sun City West, AZ. Sun Canyon Bank 11-Month High Yield CD are available in 50 states and Washington, DC.

Key Takeaways

  • Only one CD type available. Sun Canyon Bank 11-Month High Yield CD only offers traditional CD accounts.
  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 4.94%, which is much higher than the national average for a CD account.
  • Small minimum initial deposit. You only need $1 to open an account.
  • Limited selection of CD terms. Sun Canyon Bank 11-Month High Yield CD only offers one CD term. This limits your options when trying to set up a CD ladder.

Pros & Cons of Sun Canyon Bank 11-Month High Yield CD

Sun Canyon Bank 11-Month High Yield CD FAQ

Are CD from Sun Canyon Bank federally insured?

Yes, your Sun Canyon 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 Sun Canyon Bank offer?

Sun Canyon Bank 11-Month High Yield 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 Sun Canyon Bank offer on its CDs?

The CD rates for this account have an APY of4.94% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1.6% APY for 12-month CDs.

What terms does Sun Canyon Bank 11-Month High Yield CD offer?

Sun Canyon Bank offers CD terms of the following lengths:

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

Sun Canyon Bank 11-Month High Yield CD require a minimum deposit of $1 to open an account.

What is the grace period for Sun Canyon Bank 11-Month High Yield CD?

Sun Canyon Bank 11-Month High Yield 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 Sun Canyon 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.
Sun Canyon Bank charges an early withdrawal fee.
Sun Canyon Bank does charge any of the fees we track.

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Contact

Headquarters

13503 W Camino Del Sol
Sun City West, AZ 85375
(855) 423-4602
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Email Support

Hours of Operation

Sunday

Closed

Monday

8:00AM - 4:00PM

Tuesday

8:00AM - 4:00PM

Wednesday

8:00AM - 4:00PM

Thursday

8:00AM - 4:00PM

Friday

8:00AM - 4:00PM

Saturday

Closed

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