Keep in Read more...]]> Below are the highest yielding CD (certificate of deposit) rates available to the residents of Las Vegas, Nevada. These come in the form of 6 month CDs, 12 month CDs and 24 month CDs. After sorting through dozens of rate pages by local community banks and credit unions serving the city of Las Vegas as well as Nevada, we found that for the most part, you will be able to receive slightly better rates with national institutions than with local ones.

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 Read more...]]> 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.

Keep in mind interest rates are time-sensitive in Read more...]]> Below are the highest yielding certificate of deposit rates available to the residents of Nevada.These come in the form of 12 month CDs, 36 month CDs, and 60 month CDs. After sorting through dozens of rate pages by local community banks and credit unions serving the state of Nevada, we found that for the most part, you will be able to receive slightly better rates with local institutions than with large national banks.

Keep in mind interest rates are time-sensitive in nature, so you will want to refer to the date of this article for accuracy. To get the most current rates, compare CD rates nationwide. Also, regional banks may serve a number of states in the southwest, therefor you may want to browse through Colorado CD rates, Utah CD rates and/or Arizona CD rates.

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: Nevada

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

Community Bank of Nevada: Pahrump, NV. 12 month CD yielding 2.57% APY with a minimum deposit amount of $1,000. The current national average for 1 year CDs is 1.65% APY, making this fairly lucrative in comparison. The Community Bank of Nevada offers several very noteworthy certificate of deposit products. They offer an 18 month CD yielding 2.59% APY, a 24 month CD yielding 2.83% APY and a 36 month CD yielding 3.03% APY. Community Bancorp is the bank holding company for Community Bank of Nevada (formed in 2002), which is a Nevada chartered bank headquartered in Las Vegas, NV. They deliver an array of commercial bank products and services with an emphasis on customer relationships and personalized service.

Mutual of Omaha Bank: Reno, NV. 36 month CD yielding 3.0% APY with a minimum deposit of $2,500. Mutual of Omaha Bank operates in Arizona, California, Colorado and Nebraska as well as out of Reno, Nevada. You may opt to have your interest paid to you monthly or reinvested into the CD account. Like most certificates of deposit, this account will automatically renew if you don’t tell them otherwise. Mutual of Omaha Bank also offers a noteworthy 16 month CD special which is yielding a respectable 2.10% APY. As a side note, this 36 month CD is also a promotional or “special offer” and is only available for a limited time.

Bank of the West: Sparks, NV. 60 month CD yielding 3.51% APY with a minimum deposit amount of $2,500. Bank of the West has expanded from the California frontier to its current position as one of the top 25 commercial banks in the nation, with assets of $66.2 billion. The bank now serves more than 4 million business and household accounts in hundreds of communities in 19 Western and Midwestern states: Arizona, California, Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Utah, Washington, Wisconsin and Wyoming.  Through holding company BancWest Corporation, the bank is a subsidiary of BNP Paribas, one of the six highest rated banks in the world.

All of the institutions mentioned above are member FDIC. If you live in Nevada and know of a better rate offered by your local bank or credit union, please share by leaving a comment.