Highest yielding money market account rates in Nevada

September 15, 2009 1 Comment »

Below are the highest yielding money market account rates serving citizens of the state of Nevada.

If you are strictly after the best interest rate then you have a variety of options that will provide you with similar yields. The question you need to ask yourself is, “what type of minimum balance can I keep?” Most money market accounts provide a given interest rate based on a certain account balance. The more money you are able to keep in these accounts, the higher the interest rate you will generally receive.

After sorting through dozens of interest rate tables belonging to banks and credit unions serving the state of Nevada, we have found that in some instances you will lock in more competitive rates with national institutions rather than local ones (if you are eligible). Before committing to one of the banks/credit unions listed below, you may want to browse through our archive of money market accounts.

Keep in mind, money market rates are time-sensitive in nature, therefor you may want to refer to the date of this article for accuracy. As with all money market accounts, the interest rates are variable and are subject to change without notice.

Top 2 money market rates in Nevada:

(click on the institution for more information)

  • Sierra Pacific Federal Credit Union: Reno, NV. Money market account yielding up to 1.82% APY with a depending on your minimum balalnce. This account is set up in three tiers. The first yields 1.57% APY with a balance of $10k and $24,999. The second yields 1.77% APY with a balance of $25k and $169,999. If you can manage to hold a balance of above $170k you will be provided the 1.82% interest rate. Sierra Pacific FCU (incorporated in 1936) is a member-owned, not-for-profit credit union whom claims to offer some of the best interest rates in Nevada. They control roughly $57 million in assets and have two locations in Reno, Nevada. Contact: (775) 857-2424
  • First Asian Bank: Las Vegas, NV. Money market account yielding 1.20% APY with a minimum balance of $2,000. You are entitled to 6 withdrawals per month, 3 of which can be made by personal check. First Asian Bank has two locations in Las Vegas, Nevada. Contact: (702) 889-9822

Both of the above institutions are federally insured by either the FDIC or NCUA. If you live in Nevada and know of a better money market rate offered through your local institution, please share by leaving a comment.

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