Dedicated to Deposits: Deals, Data, and Discussion

3.29% 12-Month CD & 3.03% 6-Month CD at Community Bank of Nevada

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Update 3/24/09: The rates have fallen a bit. Please check the bank's website for the latest rates.

Community Bank of Nevada continues to list some attractive CD rates. These include 3.03% APY for 6 months and 3.29% APY for 12 and 18 months. Minimum deposit is $1,000. The 12- and 18-month CDs are also available as an IRA certificate. These rates are listed in the bank's rate table as of the morning of 3/09/2009.

My last post on this bank was in January when the 12-month CD rate was 3.80% APY.

The bank also offers a reward checking account. The yield is only 4.07% APY as of 3/09/09, 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 a little weak: 3 stars (performing) at Bankrate and 2 stars (problematic) at BauerFinancial. Both ratings are based on 9/30/08 financial data. The bank has been FDIC insured since 1995 (FDIC Certificate # 34043).
  Tags: Nevada, CD rates, IRA rates

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Comments
Comment #1 by BloggingBanks (anonymous) posted on
BloggingBanks
Thanks for the deal Bank Deals. It is really tough finding a good CD rate these days.

1