What You'll Need to Open Your Savings Account
Opening your High-Yield Savings Account is easy, secure and convenient at any of our branch locations.
Here's what you'll need:
- Initial opening deposit of $10,000.
(You may bring a check, or our staff can assist you with transferring funds from another financial institution.)
- Valid driver's license, state ID card, or passport.
Please remember, both the applicant and any joint owners' identities will be verified as part of the account opening process. You understand and agree that the USA PATRIOT Act of 2001 obligates all persons seeking to open an account to fully comply with the identity verification requirements of the Bank Secrecy Act, as amended from time to time. Transactions to/from any accounts may be limited until ID verification of all applicable persons is completed.
High-Yield Savings Account Features
Our High-Yield Savings Account rewards you with a higher rate of interest so you can grow your savings faster. It's is a safe way to invest your money while keeping your funds easily accessible.
With a deposit of $10,000 to open your Arizona Financial High-Yield Savings Account, you’ll enjoy earning higher returns from a financial services provider you can trust.
Access your High-Yield Savings Account at one of our local branches, or quickly transfer funds within online banking or the mobile app.
Watch your savings grow with confidence knowing your funds are guaranteed and insured up to $250,000 by the NCUA.
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What is a High Yield Savings Account?
A high-yield savings account is a type of savings account that offers a higher interest rate than a traditional savings account. This means you can earn more money on your savings.
Are There Fees Associated With a High Yield Savings Account?
Our high-yield savings account has no fees, while other banks may have fees for things like ATM withdrawals or monthly maintenance. It is important to compare different accounts and fees before you open one.
How often can I withdraw money from a high-yield savings account?
Our high-yield savings account allows you to make as many withdrawals as you want. However, some banks may have limits on the number of withdrawals or ATM fees.
Is it worth it to have a high yield savings account?
Whether or not it is worth it to have a high-yield savings account depends on your individual circumstances. If you have a large amount of money to save, then a high-yield savings account can help you earn more interest. However, if you need to access your money frequently, then a high-yield savings account may not be the best option for you.
How much will $10,000 make in a high yield savings account?
The amount of interest you earn on $10,000 in a high-yield savings account will depend on the interest rate of the account. Currently, our highest interest rate for a high-yield savings account is 4.15% APY. This means that you could earn $415 in interest on $10,000 in one year.