Dedicated to Deposits: Deals, Data, and Discussion

4.00% 6-Month / 4.00% 12-Month CD at a Nevada Bank (Silver State).

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Update 9/06/08: The bank has been closed. Please refer to this post for more details.

Update 5/3/08: This CD special may have ended. Please check with the bank for the latest rates and specials.

Silver State Bank has a CD promotion with a yield of 4.00% APY for terms of 6 and 12 months. The minimum deposit is $10,000.

This special doesn't seem to be listed at the bank's website. A reader emailed me about this, and I contacted the bank yesterday for additional details. According to the banking rep, this promotion is scheduled to last at least through Friday, 4/18/08. The CSR also mentioned that it's limited to Nevada residents.

I last reported on this bank in May 2007 when it was offering 5.50% CD specials.

Branches are located in Las Vegas, Henderson, and Boulder City. The bank has been FDIC insured since 1996 (FDIC Certificate # 34194).

Thanks to the reader who emailed me info on this special.

Other CD Rates:

A 4% CD rate is low compared to last year, but unfortunately, in today's rate environment it's very competitive. For other 6 and 12 month CD rates available nationwide, please see my last Saturday's rate summary.

  Tags: Nevada, CD rates

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Comments
2 Comments.
Comment #1 by Bozo (anonymous) posted on
Bozo
I agree, 4% is mattress money. You make just about the rate of inflation, then you have to pay tax on top to boot.

But, given the current economy, I guess not losing is better than losing.

Whatever.

Yours,

Bozo

1
Comment #2 by Anonymous posted on
Anonymous
Hi Banking Guy; I like your website, and the info.
Do you know of any banks that will take a large first deposit (20K)using a credit card? Would like to use the 0% teaser rate for a year or so to make some CD money.

Wasn't sure where to email you questions...

Banking Kid

1