Dedicated to Deposits: Deals, Data, and Discussion

3.70% 12-Month CD and Other High Rates at First Asian Bank in Las Vegas

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First Asian Bank is listing several competitive CD rates. The APY's include 3% for 3 months, 3.40% for 6 months, 3.70% for 12 months, 3.80% for 24 months, 4.00% for 36 months and 4.50% for 60 months. Minimum deposit is $1,000. There's also an 18-month IRA CD listed with an APY of 3.70%. One nice feature of these CDs is a mild early withdrawal penalty (only 90 days of interest for the long-term CDs). The bank's money market account also has competitive rate of 2.95% APY for minimum balance of $10,000. These rates are listed on the bank's home page and on their rate table as of 1/20/2009.

It appears a branch visit is required to open an account. The bank has two branches in Las Vegas, Nevada.

It's a fairly new bank that was established in June 2007. Consequently, BauerFinancial doesn't have a rating for it. Bankrate.com gives it a 3-star rating (performing) based on 9/30/08 data. The bank is FDIC insured (FDIC Certificate # 58499).

Other High CD Rates in Las Vegas

Community One FCU in Las Vegas continues to offer a 5% APY 60-month CD and a 4% APY 18-month CD as of 1/20/2009. Refer to my previous Community One FCU post for more details. For high CD rates available nationwide, refer to my weekly rate summary.
  Tags: Nevada, First Asian Bank, CD rates, IRA rates

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