Metro Phoenix Bank Rates & Review

Metro Phoenix Bank Review

Founded in 2007, Metro Phoenix Bank provides financial services to local businesses, real estate offices and agents and homeowner associations.

Headquartered in Phoenix, Arizona, the bank has a dedicated homeowner association department to provide financial services to these groups.

Financial products

Metro Phoenix Bank offers a full array of accounts for individuals and businesses, including a bank savings account. Customers can also open a checking account, a NOW account, a money market account or an IRA in addition to a traditional savings account.

The bank offers a certificate of deposit (CD) with a variety of terms. CDARS (Certificate of Deposit Account Registry Services) accounts allow individuals and businesses to spread their funds among multiple CDs at various financial institutions while accessing the money through one bank. CDARS funds are FDIC insured up to $50 million per depositor.

Financial services

Customers can open accounts and handle transactions in person at the bank's location in Phoenix, by phone or online. Online banking and bill paying are available for individuals as well as commercial customers.

Metro Phoenix Bank offers debit and credit cards to its account holders.

Loan products are limited to commercial customers of the bank.

Deposit insurance

Metro Phoenix Bank is a member bank of the Federal Deposit Insurance Corporation. The temporary increase in FDIC coverage from $100,000 to $250,000 per depositor was made permanent in July 2010. All eligible deposits are FDIC-insured up to at least $250,000 per depositor. Joint accounts are FDIC-insured up to at least $250,000 per account holder.

Compare savings account rates from Metro Phoenix Bank and more than 400 other banks and credit unions at SavingsAccounts.com.