Dedicated to Deposits: Deals, Data, and Discussion

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


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

Update 7/26/08: This CD special has 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 $500.

This special doesn't seem to be listed at the bank's website. A reader emailed me about this, and I just contacted the bank for additional details. The CSR did not know how long this would last. She said it started last Monday. It's limited to residents of the Las Vegas metro area.

This bank had a very similar CD promotion in April.

Branches are located in Las Vegas, Henderson, and Boulder City. The bank has been FDIC insured since 1996 (FDIC Certificate # 34194). It doesn't have the best financial rating. BauerFinancial gives the bank 2 stars (problematic) based on 3/31/08 data.

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

Best CD Interest Rates Available Nationwide

For nationwide 6 and 12-month CD deals, please refer to my weekly rate summary. There's a 4% 6-month CD, but it's from a credit union without federal insurance. For federally insured banks, I just recenlty posted on ISN Bank which has a 3.82% APY 6-month CD (see post). For 1-year CDs, AmTrustDirect is still offering a 4% APY online CD. This tops the 1-year CDs in my rate summary. Indymac Bank still has a 10-month CD with a yield of 4.10% APY. I included this in my list of the best 9-month CD rates.

Related Pages: Nevada, CD rates

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