Community Bank of Nevada has some competitive rates on its CDs just like its sister bank in Arizona that I reported on yesterday. The competitive yields range from 3.50% APY for a 3-month term to 4.95% APY for a 36-month term. The minimum deposit is $1,000. Below is the full list of the competitive CD rates. The 12-month CD is also available in as an IRA certificate.
CD rates as of 7/15/08:
90 day 3.50%
180 day 4.00%
270 day 4.19%
365 day 4.25%
18 month 4.50%
24 month 4.65%
36 month 4.95%
The bank raised the CD rates quite a bit since my last post in May. In addition to CD rates, it has also raised the rate on its reward checking account. The top yield is now 4.50% APY (up from 3.30% APY). What makes this reward checking account special is that the top yield applies to balances up to $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 has been FDIC insured since 1995 (FDIC Certificate # 34043). It has a 4-star rating (excellent) at BauerFinancial based on 3/31/08 data.