Highest yielding money market account rate in Nebraska

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

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 Nebraska, 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 national money market rates tables.

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 MMA (money market account) rates in Nebraska:

(click on the institution for more information)

• Tilden Bank: Tilden, NE. Money market account yielding 1.75% APY with a minimum balance of $10,000. This account is set up in tiers, however they do not disclose all of the rates associated with each tier. They do mention that a minimum balance of $2,500 must be maintained or else you will not only receive no interest rate you will also incur a $10.00 fee. As with MMA’s you are entitled to 6 withdrawals per month, only three of which can be made through personal check. The Tilden Bank is the oldest bank in Madison and Antelope Counties in Nebraska. James Stuart, a banker from Madison, and some of his associates from Madison established it in 1887. Today the have one location in Tilden and one in Creighton, Nebraska. Contact: (402) 358-3726
• Kearny Federal Credit Union: Kearny, NE. Money market account yielding 1.56% APY with a minimum deposit of $5,000. Like most CU’s, you are entitled to the 6 withdrawals per month, 3 of which can be made from personal check. Kearny FCU, although having just one office, has dozens of ATMs and free partnering ATM’s throughout the state of Nebraska. They also offer a fairly wide range of loan products, (home, personal, auto) as well as many traditional savings products such as CD (certificates of deposit), money market accounts, and interest checking accounts. They are a member-owned, not-for-profit organizon who claims to pass their savings down to the consumers in the form of lower loan rates and greater savings rates. Contact: (308) 234-9311

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

Best CD rates in Nebraska: Top 3

Below are the best CD rates available to the residents of Nebraska. These come in the form of 7 month CDs, 15 month CDs, and 24 month CDs. Some of the institutions listed also have other noteworthy accounts along with their deposit products. After digging through dozens of rate pages by dozens of banks and credit unions serving the state of Nebraska, we found that in some cases you can receive more competitive rates offered by national institutions rather than local ones. (Browse through archive of current CD rates).

Although the financial institutions we’ve listed below do the majority of their business in Nebraska, they still may have eligibility requirements which may prevent you from joining (even if you live in NE). Contact a representative to see if you can take advantage of their products.

How did we compile this list? As you are probably aware, higher CD rates tend to accompany longer maturities and since we did not want to strictly list long maturity CD’s we decided to list the deposit rates which beat the national average by the highest margins.

Top 3 CD rates in Nebraska:

(clicking on the institution will bring you to their home page)

• Butte State Bank: Butte, NE. 7 month CD special yielding 2.19% APY with a minimum deposit of $1,000. Typically when you here of offers with maturities outside of the standard 6 month increments, they are “special CD rates” or promotional deals which are only available for a limited time. Butte State Bank in Butte, Nebraska is located in North Central Nebraska between the Missouri, Niobrara and Keya Paha rivers. They were founded in 1943 and the Articles of Incorporation of Butte State Bank were filed in The Office of the Dept of Banking of The State Of Nebraska at Lincoln, Ne. The records show that the Articles of Incorporation were approved on the 27th Day of December 1943.
• Platte Valley Bank: Scottsbluff, NE. 15 month CD yielding 2.52% APY with a minimum deposit of $1,000. Like Butte State Bank, this offer is promotional as well and is only available for a limited time. As of last month, Platte Valley Bank will celebrated 13 years of service to their communities, opening in July 1996. In that time they grew their assets almost 10 fold. They started with roughly $50 million and now claim to control around $588 million. They are an integrated financial and insurance organization, with locations in Nebraska and Wyoming, which include: Platte Valley Bank-Main, Plaza and Centennial in Scottsbluff; Morrill, Minatare and Bridgeport, NE; Platte Valley Ag Credit Co., Scottsbluff, NE; PV Mortgage Company, Scottsbluff, NE; Platte Valley Investment Center, Scottsbluff, NE; J.G. Elliott Insurance Center, Scottsbluff, NE; Platte Valley Bank-Torrington, Wheatland & Casper, WY; McBrayer Insurance Center, Torrington, WY; Platte Valley Insurance Center, Wheatland, WY;           Tri-County Bank, Vandehei and North College Dr. in Cheyenne, WY; and C.H. Brown Co., LLC, a premier equipment financing company, located in Wheatland, WY.
• Ericson State Bank: Ericson, NE. 24 month CD yielding 2.55% APY with a minimum deposit of $1,000. This is not a promotional offer. Interest is compounded quarterly and may be deposited into a savings account, checking account or back into the certificate of deposit. The Ericson State Bank is a small bank with a staff of seven. However, they claim to have a total combined banking experience of over 150 years, and is currently $40 million in assets. They provide loan and deposit products as well as internet and telephone banking options.

All of the above institutions are federally insured by either the FDIC or NCUA (credit union equivilent). If you live in the state of Nebraska and know of a better certificate of deposit interest rate offered through your local institution, please share by leaving a comment.