Dedicated to Deposits: Deals, Data, and Discussion

2.25% 12-Month CD & 2.50% 12-Month IRA CD at Sun West Bank in Nevada - Local Only

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Sun West Bank is offering some competitive short-term CD rates. These include a 1.75% APY 3-month CD, a 2.00% APY 6-month CD and a 2.25% APY 12-month CD. Minimum deposit is $5,000. The bank also offers a 12-month and 18-month IRA CD with a 2.50% APY. These rates are listed at the bank's rate table as of 7/23/09.

It appears a branch visit is required to open an account. Branches are located in Las Vegas and Reno, Nevada.

The bank's ratings for safety and soundness are a little weak: 2 stars (problematic) at BauerFinancial and 1 star (lowest) at Bankrate.com. Both ratings are based on 3/31/09 financial data. The bank has been a FDIC member since 1998 (FDIC Certificate # 34785).

Other High Certificate of Deposit Rates

For those in Nevada, you can get a 4% APY 12-month CD at Nevada Federal Credit Union through Friday 7/24/09. However, the maximum deposit is only $1,000. So for a $1,000 CD deposit, you'll make about $17 more than at Sun West Bank. For other deals without maximum deposit restrictions, refer to the following:

  Tags: Nevada, Sun West Bank, CD rates

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