National bank of Arizona was established in 1873, and for its amazing service, it has been enjoying the status of the best bank of Arizona state for the last 15 years. It is a part of a group of banks of 11 states, i.e., Zions Bancorporation.
With branches only in Arizona, you can enjoy its services online.
The ATMs that are a part of Zions Bancorporation provide the services of free money withdrawal.
Let’s dig into the details of various banking options offered by the National Bank of Arizona.
Summary
| Bank | National Bank Of Arizona |
| Rating | 4.3 |
| Saving rate | 0.25% |
| Monthly Fees | $8 |
| Savings Accounts Opening Fess | $50 |
| Website | Click Here |
Key Takeaways
- National Bank of Arizona offers two kinds of savings accounts, checking account options, money market accounts, and certificate of deposit accounts.
- It does not charge anything for providing a debit card.
- National Bank of Arizona allows you to track your account from mobile; you can find information like transactions, balance detail, and transfer history on one page.
- It waives off the monthly maintenance fee if you make ten purchases on your debit or credit card, gets direct deposits of at least $250, or are younger than 25 years.
- It lets you withdraw money for free.
Products offered by the National Bank of Arizona
- Checking accounts
- Saving account
- Money market account
- Certificate of deposit
- IRA Certificate of deposit
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Features
- National bank of Arizona allows controlling your account online mobile banking application.
- Active and cooperative customer service
- Streamlined banking process for the transections
- All in one-page service by having everything like transaction, balance detail, and transfer history on one page
- Two-layered security system to protect the account details
Interest Rate Comparison
The interest rates offered by the National bank of Arizona are quite low, which is 0.02% but is also tiered in some of its accounts. However, the National average interest rate is 0.25%.
Checking account options
National bank of Arizona offers basic banking services and also offers debit cards and online banking services.
However, it doesn’t come with interest or any reward on debit card spending.
The monthly maintenance fee can be waived off if you make ten purchases on your debit or credit card, get direct deposits of at least $250, or are younger than 25 years.
Free withdrawals from ATMs of the National Bank of Arizona and Zions Bancorporation network are possible through its debit card.
However, ATM charges by any other network charge $3 per month, which is also non-refundable.
| Account opening minimum deposit | $50 |
| Monthly account maintenance fee | $8 (Waivable) $3 paper statement |
| ATM fees | No fee at the banks of Zions Bancorporation, $3 per transaction at other ATMs. |
| ATM Fee refund | No |
| Overdraft fee | $35 |
Savings Accounts
1. NB/AZ savings
Its monthly fee is waivable on maintaining a minimum daily account balance of $200 or on getting a transfer of $25.
The interest rate of its savings account is low. Moreover, there is also a limit on the number of times, i.e., six that you can withdraw from your NB/AZ saving account. For each additional cycle, the bank charges $10 per transaction.
| Account opening minimum deposit | $50 |
| Monthly account maintenance fee | $8 (Waivable) $3 paper statement |
| ATM fees | No fee at the banks of Zions Bancorporation, $3 per transaction at other ATMs. |
| ATM Fee refund | No |
| Overdraft fee | $35 |
| APY | 0.02% at the minimum balance of $0.01. |
2. Young Savers
National Bank of Arizona offers customers younger than 25 a free-saving account with a mediocre interest rate and no relationship rate bonus.
Though the interest rate is not very high, it offers interest on all balances, however, does not provide a relationship reward.
With the least opening deposit, it does not charge any monthly fee and provides free paper statements.
However, there is a limit on the number of transactions; you will be charged $10 per transaction after six transactions.
| Account opening minimum deposit | $50 |
| Monthly account maintenance fee | $8 (Waivable) $3 paper statement |
| ATM fees | No fee at the banks of Zions Bancorporation, $3 per transaction at other ATMs. |
| ATM Fee refund | No |
| Overdraft fee | $35 |
| APY | 0.02% at the minimum balance of $0.01. |
Money Market Account
It pays lower rates than saving accounts despite having a high minimum opening balance and monthly fee.
It requires a minimum opening balance of at least $500. Its monthly fee is waivable if you manage to maintain the daily average minimum balance of $1,000.
Moreover, there is also a limit on the number of times, i.e., six that you can withdraw from your money market account.
For each additional cycle, the bank charges $10 per transaction.
| Account opening minimum deposit | $500 |
| Monthly account maintenance fee | $10 (Waivable) $3 paper statement |
| ATM fees | No fee at the banks of Zions Bancorporation, $3 per transaction at other ATMs. |
| ATM Fee refund | No |
| Overdraft fee | $35 |
| APY | 0.02% at the minimum balance of $0.01. |
Certificate of deposit account
NB/AZ provides several CD offers that range from one month to five years but at brutal rates.
The rates are divided into several tiers, which are extremely low even for a relationship upgrade.
To upgrade to jumbo CDs, you need to have at least $100,000. However, its rates are similar to regular CD rates.
However, if you own a premium interest checking account, you can get an additional 0.05% as a relationship bonus.
Moreover, on withdrawing money before the maturity date, the bank will charge you a penalty which is the interest you could have earned on the amount withdrawn.
| Account opening minimum deposit | $1000 |
| Minimum Balance to earn APY | $1,000 |
| Early withdrawal penalty | Equal to the interest on the amount you will withdraw. |
IRA certificates of deposit
The rate of this account is similar to the regular CDs account. The IRA comes with terms of at least one year and more, and hence, it allows you to save for your retirement.
CDs of less than one year are not available with IRA CDs. Withdrawal of money before maturity results in a penalty equal to the interest earned on the amount withdrawn.
| Account opening minimum deposit | $1000 |
| Monthly account maintenance fee | $ (Waivable) $3 paper statement |
| APY | 0.02% at the minimum balance of $0.01. |
Our experience with it
I have been using this bank at a great trust level as once I applied for a car loan. I got $50 as a promo over getting a $1000 loan.
It was a good experience talking with the service providers at the National bank of Arizona.
The staff at the National bank of Arizona is much professional and helpful. They recommended me the best loan option by elaborating more benefits.
What differentiates it?
- National bank of Arizona is working to bring a mortgage for the home and private car.
- It brings wonderful customer service in a pleasant mood.
- National bank Arizona does not charge the debit card fee.
National bank of Arizona Comparison
National bank of Arizona vs. BrightFi
National bank Arizona brings financial support by providing on-time mortgages, while BrightFi usually offers monthly support instead of instant support.
National bank of Arizona’s online app is not much friendly for sending birthday gift cash, while BrightFi is.
National bank of Arizona vs. Goldwater bank
National bank of Arizona looks for serving people looking for initiating small business or buying a little new home and need some money.
On the other hand, Goldwater bank is a new financial banking system that has not taken the level of National bank Arizona.
National bank of Arizona vs. Starboard financial
National bank Arizona is serving the people by offering loans for buying new cars and houses, while Starboard financial board is also dealing with mortgages for building or renovating home.
The national band of Arizona applies many restrictions, while Starboard provides great options for choosing a loan.
Frequently Asked Questions
How Much Is The Withdrawal Penalty Of CDs And IRA CDs?
Withdrawal of money before maturity results in a penalty equal to the interest earned on the amount withdrawn.
How Is The National Bank Of Arizona Rated?
National bank of Arizona is rated 2 stars from the 21 reviews.
What Are The Opening Days And Timings Of National Bank Of Arizona?
National bank of Arizona opening days are Monday to Friday from 9 am to 5 pm with a closing hour from 12 pm-1 pm.
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