This is posted on Ken’s website, copied and pasted for your convenience here. Credit for this goes to ejappel:
Metro Phoenix Bank in Phoenix AZ is currently offering a 5 year CD with a 1.51% APY. Although they don’t have an online application, it is still possible for non-AZ residents to open an account.
The process is a bit involved but not difficult. Call and ask them for an Account Request Form. Fill it out and send it back with copies of your ID. You will want to talk with them about how to fill out the request form, as it is designed primarily for business accounts and doesn’t list CD as one of the available account types; however, this didn’t prove to be a problem.
if you wish, they can also send you an ACH authorization form in order to fund the CD from a different bank account.
And here are your links:
Link to the bank’s website
Link to the bank’s contact page
This bank is, at present, effectively operating on PDST. However in November, without changing their clocks, they will revert to MST.
AZ is such a quirky state!
But if you want to telephone them on that toll-free number, you must keep the above in mind.