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First Asian Bank

2.48% 6-Month CD, 2.78% 12-Month CD & Other High Rates at First Asian Bank in Las Vegas - Local Only


First Asian Bank has cut its rates since my April post, but it continues to offer several competitive CD rates. The APY's include 2.18% for 3 months, 2.48% for 6 months, 2.78% for 12 months, 2.80% for 24 months, 3.00% 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 has the same rates as it did in April with a 2.08% APY for minimum balance of $50,000. These rates are listed on the bank's rate table as of 5/17/2009.

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 9/30/08 data. The bank is FDIC insured (FDIC Certificate # 58499).

Other High Certificate of Deposit Rates

For top CD rates nationally available, refer to my weekly rate summary. Many of the best CD deals are only locally available. To find the best deals in your state, refer to the index of state CD and bank deals.

Related Pages: money market accounts, CD rates, IRA rates

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