2.75% 12-Month CD & 2.30% 6-Month CD at First Asian Bank in Las Vegas - Local Only

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First Asian Bank continues to offer very competitive CD and savings account rates. The CD rates have gone down a bit since my May post, but they remain very competitive. The CD rates as listed in the bank's rate table as of 6/23/09 include:
  • 2.00% APY 3-month
  • 2.30% APY 6-month
  • 2.75% APY 12-month
  • 2.80% APY 24-month
  • 3.00% APY 36-month
  • 3.28% APY 60-month
Minimum deposit is $1,000. There's also an 18-month IRA CD with a 2.88% APY. 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 has the same rates as it did in April with a 2.08% APY for minimum balance of $50,000, and a 1.78% APY for a minimum balance of $2,000. These rates are listed in the bank's rate table as of 6/23/09.

It appears a branch visit is required to open an account. The bank has two branches in Las Vegas, Nevada. The phone numbers and addresses of these branches are listed at the bottom of the home page.

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 12/31/08 data. The bank is a member FDIC (FDIC Certificate # 58499).

Other High Certificate of Deposit Rates
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2.48% 6-Month CD, 2.78% 12-Month CD & Other High Rates at First Asian Bank in Las Vegas - Local Only
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2.68% 6-Month CD, 2.88% 12-Month CD & Other High CD Rates at First Asian Bank in Las Vegas
First Asian Bank continues to offer several competitive CD rates. The APY's include 2.28% for 3 months, 2.68% for 6 months, 2.88% for 12 months, 3.08% for 24 months, 3.18% for 36 months and 3.28% for 60 months. Minimum deposit is $1,000. There's also an 18-month IRA CD listed with 3.08% APY. 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 fairly competitive rate of 2.08% APY for minimum balance of...
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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...
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