Dedicated to Deposits: Deals, Data, and Discussion

3.03% 9-Month CD, 3.15% 12-Month CD & Other High CD Rates at Community Bank of Nevada - Local Only

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Update 3/28/09: The CD rates have fallen. Please check the bank's website for the latest rates.

Community Bank of Nevada has recently cut its CD rates, but the rates remain very competitive. These include a 3.03% APY 9-month CD and a 3.15% APY 12-month CD. Minimum deposit is $1,000, and terms of 12 months and over are also available as an IRA. Below is a summary of the CD rates and terms as listed in the bank's rate table as of 3/24/09:
  • 2.52% APY 90 days
  • 2.40% APY 180 days
  • 3.03% APY 270 days
  • 3.15% APY 365 days
  • 3.29% APY 18 months
  • 3.40% APY 24 months
  • 3.50% APY 36 months
The bank also offers a reward checking account. The yield is only 4.07% APY as of 3/24/09, but the nice thing about this reward checking account is a high balance cap of $100,000 (see post).

It appears a branch visit is required to open accounts. Branches are located in Las Vegas, Henderson, and Pahrump, Nevada.

The bank's ratings for soundness are weak: 3 stars (performing) at Bankrate (based on 9/30/08 data) and 0 stars (lowest) at BauerFinancial (based on 12/31/08 data). The Bauer rating had been 2 stars when it was based on 9/30/08 data. The bank has been FDIC insured since 1995 (FDIC Certificate # 34043).

Thanks to the reader who mentioned these CD rates in the Daily News and Deals post.

Other High Certificate of Deposit Rates

For top CD rates nationally available, refer to my weekly rate summary. Many of the best CD deals are only locally available. To find the best deals in your state, refer to the index of state CD and bank deals.
  Tags: CD rates, IRA rates

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