National Bank of Arizona Savings Account

National Bank of Arizona Savings Account Review

National Bank of Arizona Savings Account is offered by National Bank of Arizona, a bank founded in 1984 and based in Tucson, AZ. National Bank of Arizona Savings Account are available in 50 states (and Washington, DC).

Key Takeaways

• Low interest rate. The maximum annual percentage yield for this account is only 0.02%.
• Charges a monthly fee. This account charges a monthly service fee of $5, but the fee is waived if you keep a minimum balance of $200.

National Bank of Arizona Savings Account Pros & Cons

Pros	Cons
Available in all 50 states. Interest-yielding account.	Does not offer mobile check deposits. Does not provide access to a nationwide ATM network. Does not come with a debit card Monthly service charge. No signup bonus.

National Bank of Arizona Savings Account FAQ

Are savings accounts from National Bank of Arizona federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #20626). 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.

Does National Bank of Arizona offer a signup bonus?

National Bank of Arizona Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for National Bank of Arizona Savings Account?

The minimum deposit to open a National Bank of Arizona Savings Account is $50.

National Bank of Arizona Savings Account Minimums

Description
Minimum Balance to Avoid Monthly Fee	$25 - $200*
Minimum Balance to Earn APY	$0
Minimum Opening Deposit	Starting at $50

What APY does National Bank of Arizona Savings Account offer?

National Bank of Arizona Savings Account offers an APY of 0.02% (APY stands for annual percentage yield, rates may change).

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does National Bank of Arizona Savings Account charge?

This account charges a monthly service fee of $5. However, you can waive the monthly fees if you have a minimum daily balance of $25.

What features and perks does National Bank of Arizona Savings Account offer?

This savings account includes the following features:

Can you set up a direct deposit to National Bank of Arizona Savings Account?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for National Bank of Arizona Savings Account?

The customer support email for National Bank of Arizona Savings Account is interactive@nbarizona.com.