Nevada State Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.05% | 1-year CD | Non-Relationship 1 Year CD 0.48% - National Average |
| 0.01% | Savings | Classic Savings 0.18% - National Average |
| 0.05% | 2-year CD | Non-Relationship 2 Year CD 0.71% - National Average |
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Nevada State Bank review
I decided to make a checking account for this bank a couple years ago. Their service is pretty good and fast and all their employees are friendly. There were a few issues with this bank though which unfortunately made me close my account with them. First, their open times are very short. They close something at 3pm on weekdays and don't even open on weekends. This was a huge problem for me as I work on the weekdays until 5 and I'm free on weekends. Second, their ATM seems to be broken for most of the time. I wanted to deposit cash using their ATM, however, their ATM malfunctioned in the middle and ate my cash. This involved me filing a report and eventually getting my money back. Their fees are pretty good in my opinion. I once overdrew money from my card and I was hit with fees, however, they waived the fee. Overall, it's a nice bank but only for people that are free during their short open times.
As Recently As 2014/2015, NSB Still Holding Onto "New Account, Large Deposits" Overlong
I have read some of the complaints, herein, and I, too, experienced an overlong hold on a $ 10,000 deposit (cashier's check from former out-of-state bank) when I was attempting to open a new account at NSB.
Their representative took the check and said the entire $ 10,000 would not be available for 9 days. Even though I acquiesced in this policy, I later checked federal regulations on NSB's policy and have cut-&-pasted them below.
In my case, the "New Accounts" rep should have clearly and openly stated that $ 5,000 of my
$ 10,000 would be available the next business day (see I.a.1., below) and the remainder in 7 days (if, in furtherance of good customer service, they followed regulation II.B.1., below). Otherwise, regulations allowed a hold on the remaining $ 5,000 for 9 business days (see I.A.1.a., below) which is the route NSB chose to follow (of course).
The most important rule is to note that, generally, it is the type of the deposit that dictates the hold time. So as not to post an overlong review, I have limited the cited regulations to "New Accounts" and "Large Deposits: $ 5,000 or More".
I. New Account.
A. Deposit into an account that has been open for fewer than 30 days (unless you've had another account with the same institution for at least 30 days).
1. Cash, Electronic Payments & First $5,000 of Checks.
a. Next Day; Remainder 9th Business Day
II. Large Deposit.
B. Deposit other than cash or electronic payment totaling more than $5,000 in a single day.
1. First $5,000 2nd Business Day; Remainder 7th Business Day or Later.
With regard to the only other matters of concern to me, though I find in-person employee attitude to be professional and considerate, customer service at the drive-up is slow and they still want identifying documents every time I cash a check even though I've been a customer for 1-1/2 years. It seems to me that they exhibit an overall sense of distrust of the customer.
Where Are The 5+% CD Rates?????????????????????????¿???????????????
Where are the 5%+ CD rates you advertised to get me to your site? Lies to get you to sure can't be a very good bank. Beware!
Same As Above Happened To Me. Coincidence?
I was reading those reviews and can definitely agree. I was myself submitted to same treatment and practices whether it's holding checks, returning checks, abusive overdraft fees, bad customer service, etc... . This bank doesn't care about small business. They reserved their sweat for the big fishes with big money, those at The Private Bank, for example.... Those have really taken care of. Small businesses is not their cup of tea. Don't bother with them. I am getting out asap..... This bank if for rich people. Average Joes and small bizs, stay away.
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 2270 |
| Year Established | 1873 |
| Employees | 9941 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.74% |
| Return on Equity - YTD | 5.86% |
| Annual Interest Income | $966.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $59.45B$19.05B |
| Loans | Q2 2016vs Q2 2015 | $42.04B$12.11B |
| Deposits | Q2 2016vs Q2 2015 | $50.94B$16.48B |
| Equity Capital | Q2 2016vs Q2 2015 | $7.58B$1.94B |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $608.2MM$202.7MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $551.3MM$98.9MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $6.9MM$2.6MM |
Always verify rates and promotions with the bank or credit union. We are not Nevada State Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Nevada State Bank Savings Account Rates
Nevada State Bank Money Market Rates
Nevada State Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.05%* | $500k* | - | Relationship Checking | ||
| OTHER TIERS: 0.01% → Up to $5k | 0.02% → $5k - $100k | 0.03% → $100k - $500k | |||||
Nevada State Bank CD Rates
Nevada State Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | $1k | - | 60 Month Fixed Rate IRA | |
| 0.25% | $1k | - | 24 Month Fixed Rate IRA | |
| 0.20% | $1k | - | 18 Month Fixed Rate IRA | |
| 0.15% | $1k | - | 12 Month Fixed Rate IRA | |
| 0.10% | $1k | - | 6 Month Fixed Rate IRA |
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