National Bank of Arizona Review 2022: Local Service and Account Variety

GOBanking Rates Score

Quick take: The National Bank of Arizona is a solid banking choice for Arizona residents. The bank offers all the savings, checking, credit and loan products that most families need, along with friendly, personalized service that they might not find at a major bank.

  • Savings and CD Rates
  • Verification
  • Banking experience
  • Overdraft fees

How did we calculate this?

Advantages

  • Friendly service
  • Offers online banking, Zelle and more
  • Military and senior discounts
  • Relationship APY rates

The inconvenients

  • Excessive overdraft fees
  • More variety of competitors

About National Bank of Arizona

The National Bank of Arizona provides personal and business banking services throughout Arizona. Its customers have access to the same range of banking, borrowing and investing services that they would expect from most other banks.

For more than 30 years, the bank has provided Arizona residents with quality service. The National Bank of Arizona is managed by Zions Bancorporation, a major financial services company with nearly 500 local financial centers in the western states.

How the National Bank of Arizona earned its scores

The National Bank of Arizona received its scores based on the following factors.

Savings and CD Rates

The National Bank of Arizona offers a number of savings accounts, including:

  • Young savers
  • Money Market
  • Money Market IRA
  • Individual development account

Their standard savings account has a minimum opening deposit of $50 and a monthly fee of $5. However, this fee can be waived with a minimum balance of $200 or with $25 in automatic transfers from a linked checking account. The savings account offers an APY of 0%, which can be increased with a relationship rate by linking a premium interest current account.

National Bank of Arizona customers also have access to personal, jumbo, and IRA certificates of deposit. The bank offers terms ranging from as little as seven days to as long as five years. There is also a relationship bonus, where customers get a 0.05% rate improvement when they link a premium interest checking account.

The National Bank of Arizona provides an APY of 0% on its 12-month CD, which is considerably lower than some competitors and slightly lower than the national average, but the relationship bonus the bank offers can take them to just above the average rate.

Verification

Customers can take advantage of several types of checking accounts with the National Bank of Arizona. The bank offers special conditions for military and senior citizens, and also has a budget current account with simplified fees.

There are monthly fees, but these can be waived through minimum balance or usage requirements. Their anytime interest check offers interest on the account but has a minimum balance of $1,500 for the removal of monthly fees.

Banking experience

Overall, National Bank of Arizona provides a simple and painless banking experience. Customers have access to online banking, online bill payments, mobile check deposits, Zelle and more.

Going with a local bank can also have some advantages over larger national options. The National Bank of Arizona is part of the community and supports local organizations such as Feeding Matters and Ballet Arizona.

Overdraft fees

Unfortunately, the National Bank of Arizona charges both an initial insufficient funds (NSF) fee of $35 and an overdraft fee of $35 if an account remains in the red. The bank may charge a recurring fee every seven days up to a maximum of three times, in which case it will likely take further action.

What else does National Bank of Arizona have to offer?

National Bank of Arizona offers a wide range of financial products that provide customers with tailored solutions for their unique needs. The bank offers many types of checking and savings accounts, with versatile options for people with different income levels and financial goals.

The bank also offers wealth advisors and private banking services. Some of their wealth management services include:

  • Wealth planning
  • Investment management
  • Risk analysis
  • Trust Services

National Bank of Arizona customers can also access a variety of Visa credit cards. These range from basic no-fee rewards cards to premium cards and even secured credit cards. Borrowers can also take advantage of their auto loans, personal loans, Arizona mortgages, and any other loan product you would expect from a reputable bank.

National Bank of Arizona vs. Competitors

The National Bank of Arizona has a number of key competitors, both from other local banking options and from national banks.

Bank Best for
National Bank of Arizona A wide range of financial products with friendly, local service.
Bank of America The widest possible range of credit and loan options.
1st National Bank of Texas The lowest rates found in local banking options.

National Bank of Arizona v Bank of America

Bank of America has more than 100 locations in Arizona, providing the same quality service as across the country. Bank of America offers a wider range of credit and loan products than National Bank of Arizona, but it’s mostly about choosing between local and national options.

National Bank of Arizona vs. 1st National Bank of Texas

Despite its name, 1st National Bank Texas also has branches in Arizona and other neighboring states. The bank usually has lower requirements to waive fees for checking and savings accounts, so this might be the right choice if that’s the deciding factor, but its APY rates vary.

Final grip

Most Arizona residents will find the National Bank of Arizona has everything they need. The bank may not offer the most impressive selection or the best rates, but they deliver adequately in every category while offering a more personal approach.

FAQs

Here are some common questions and answers about the National Bank of Arizona.
  • Who owns the National Bank of Arizona?
    • National Bank of Arizona is owned by Zions Bancorporation, a major financial services company with over $65 billion in assets.
  • How many branches does the National Bank of Arizona have?
    • The National Bank of Arizona has more than 60 branches throughout Arizona.
  • Does the National Bank of Arizona use Zelle?
    • Yes, National Bank of Arizona allows account holders to use Zelle.

Editorial Note: This content is not provided by the National Bank of Arizona. Any opinions, analyses, criticisms, evaluations, or recommendations expressed in this article are those of the author alone and have not been reviewed, endorsed, or otherwise endorsed by National Bank of Arizona.

Rates are subject to change; unless otherwise specified, prices are updated periodically. All other account information is accurate as of May 11, 2022.

Editorial Note: This content is neither supplied nor commissioned by the banking advertiser. The opinions expressed herein are those of the author alone, not those of the Bank Advertiser, and have not been reviewed, endorsed or otherwise endorsed by the Bank Advertiser. This site can be remunerated via the affiliate program of bank advertisers.

Our in-house research team and on-site financial experts work together to create accurate, unbiased and up-to-date content. We check every stat, quote and fact using trusted primary resources to ensure that the information we provide is correct. You can read more about GOBankingRates processes and standards in our Editorial Policy.

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About the Author

Teddy Garcia is an experienced freelance writer who develops a wide range of content across many industries. He has a B.Sc. in Chemical Engineering and has created blog posts, website copy, use cases, and more for a variety of chemical industries and manufacturing organizations.

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