W
WestSide Loan Company
Contact
BBB:
Goldwater Bank, N.A. in Phoenix, AZ
Arizona-based community bank offering personal and business checking, savings, CDs, and home loans with competitive rates and relationship-focused service.
Data compiled from public sources · Rating from CreditDoc methodology
Goldwater Bank, N.A. Review
A. is an Arizona-owned, headquartered, and operated community bank located in Scottsdale with branches in Phoenix and Lake Havasu City. The bank was acquired by Kent Wiechert in 2015 in a stock purchase transaction and operates alongside affiliated Weststar Mortgage for complementary lending services.
The bank emphasizes relationship banking and personal service as core differentiators in a competitive market. 25% APY with no early withdrawal penalty). 00% APY), and business lending.
The bank also provides home loans and maintains online and mobile banking platforms for account management, fund transfers, bill payment, and credit applications accessible 24/7. " The institution prioritizes customer-centric service through dedicated Personal Bankers and lending professionals, positioning relationship banking as its core competitive advantage. The bank has integrated modern digital platforms (online and mobile banking) while maintaining local branch presence and direct customer accessibility through phone, email, and online chat support.
As a community bank, Goldwater Bank serves customers seeking personalized service and local decision-making rather than large national bank standardization. However, as a smaller regional institution, it has limited geographic reach (only two Arizona locations), which may restrict accessibility for customers outside Phoenix and Lake Havasu City. The bank's rates, while advertised as competitive, require comparison with other institutions to verify actual competitiveness.
No information about deposit insurance, minimum balance requirements, or fee structures is provided on the website.
Services & Features
Bill payment services
Business checking accounts
Business high-yield savings accounts
Certificates of deposit (180-day, 12-month terms)
Goldwater Liquid CD (12-month no-penalty CD)
High-yield savings accounts (personal)
Home loan origination
Mobile banking application
Online banking platform
Personal checking accounts
Personal savings accounts
Positive Pay fraud prevention service
Feature Checklist
Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection
Pros & Cons
Pros
- Competitive high-yield savings rates at 4.00% APY for both personal and business accounts
- Arizona-based community bank with local decision-making and relationship banking focus
- 24/7 online and mobile banking access with bill pay, fund transfers, and credit applications
- No-penalty liquid CD option (Goldwater Liquid CD) allowing early withdrawal without fees
- Multiple product offerings including checking, savings, CDs, home loans, and business banking
- Dedicated Personal Bankers and lending professionals for personalized service
- Multiple contact channels: phone, email, online chat for customer support
Cons
- Limited geographic presence with only two branch locations (Phoenix and Lake Havasu City)
- Website does not disclose account minimum balance requirements or monthly maintenance fees
- No published information about FDIC insurance coverage or deposit protections
- Rates require independent verification as 'competitive' claim is unsubstantiated on website
- Smaller regional bank with fewer ATM locations and less infrastructure than national banks
Rating Breakdown
Value 5.0
Effectiveness 3.7
Customer Service 3.8
Transparency 3.8
Ease of Use 4.5
Frequently Asked Questions
Is Goldwater Bank, N.A. legitimate?
Yes. Goldwater Bank, N.A. is a registered company, headquartered in Phoenix, AZ, founded in 2007.
How long does Goldwater Bank, N.A. take to show results?
Account opening typically takes 1-3 business days. Loan decisions vary by product.
Quick Facts
- Founded
- 2007
- Headquarters
- Phoenix, AZ
- BBB Accredited
- No
- Certifications
- FDIC Insured FDIC Cert #58405
- Starting Price
- Contact provider
- Setup Fee
- None
- Money-Back Guarantee
- No
CreditDoc Diagnosis
Doctor's Verdict on Goldwater Bank, N.A.
Goldwater Bank is best for Arizona-based individuals and small businesses seeking personalized community banking service with competitive deposit rates and local relationship management. Primary caveat: the bank's limited geographic footprint (two Arizona locations only) and smaller institution size make it unsuitable for customers outside its service area or those requiring extensive branch and ATM networks.
Best For
- Arizona residents seeking personalized community banking with relationship-focused service
- Small business owners needing business checking and lending with local decision-making
- Savers and CD investors comparing rates across community banks in the Phoenix/Lake Havasu region
- Customers prioritizing local ownership and community bank values over national bank convenience
Updated 2026-04-29
More Pawn Shops
W
We Buy Everything - Philadelphia
Contact
BBB:
W
We Buy Everything Pawn Shop - Springfield
Contact
BBB:
Financial Wellness Guides
How to Read Your Credit Report (And Spot Errors)
Your credit report contains the raw data behind your score. Learn what's in it, how to read it, and how to dispute errors that could be dragging your score down.
Read guide →Buy Now, Pay Later: How BNPL Really Affects Your Credit
Klarna, Afterpay, Affirm — they make spending easy. But what happens to your credit score when you use them? Here's what the fine print doesn't tell you.
Read guide →Understanding Your Credit Score: The Complete Guide
Learn what makes up your credit score, how it's calculated, what the ranges mean, and how to check yours for free.
Read guide →Affiliate Disclosure: CreditDoc may earn a commission when you click links to Goldwater Bank, N.A. and other services. These commissions help us maintain our free research. Our editorial team independently evaluates all services. Compensation does not influence our ratings or rankings. Learn more.