Dedicated to Deposits: Deals, Data, and Discussion

2.23% 12-Month Liquid CD at Nevada Security Bank - Local Only

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Nevada Security Bank is offering a special 2.23% APY 12-month CD. Minimum deposit is $10,000. This is listed on the bank's home page under Featured Deposit Promotion as of 9/04/09. It's called the Perfect Fit CD, and it allows you to make unlimited deposits and up to 3 withdrawals per term. However, the withdrawals can only be partial, and there's an early withdrawal penalty equal to 10 days interest applied to each amount withdrawn. Minimum withdrawal amount is $1,000.

In the Featured Deposit Promotion, the bank also has a 1.79% APY 5-month CD. Minimum deposit is $10,000.

It appears that a branch visit is required to open an account. Branches are located in the Nevada cities of Reno, Incline Village and Carson City.

The bank's rating for safety and soundness are a little weak: 2 stars (problematic) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both are based on 3/31/09 financial data. The bank has been a FDIC member since 2001 (FDIC Certificate # 57110).

Other Competitive Certificate of Deposit Rates

  Tags: Nevada, CD rates, Nevada Security Bank

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