Banking Rates & News

Reno Metro Area

Including Reno, Sparks, Carson City, Fallon, Susanville, South Lake Tahoe, Gardnerville, Winnemucca, Incline Village, Dayton, and 11 other towns.

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Banking in the Reno Area

Reno is a city of about 240,000 people in northern Nevada right on the border with California. Reno is the third largest city in Nevada behind Las Vegas, as well as the second largest metropolitan area after the Las Vegas area. Including surrounding cities in both Nevada and California such as Sparks, Carson City, Fallon, South Lake Tahoe, Susanville, Gardnerville, Winnemucca, Incline Village, Dayton, the wider Reno area has about 440,000 people.

Despite its size, relative isolation, and robust casino industry, Reno does not have much of a banking industry. There are only four banks and nine credit unions with headquarters in Reno or the surrounding area. Notable institutions that are based in the area include Charles Schwab Bank, Farm Bureau Bank FSB, Heritage Bank of Nevada, Greater Nevada Credit Union and Financial Horizons Credit Union. Sierra Pacific Federal Credit Union, which was established in 1936, is the oldest institution headquartered in the area that still operates there today. Altogether, there are more than 20 banks and 15 credit unions with operations in the area with a total of about 250 branches.

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Local Deals & News

Mountain America CU Unveils Term Deposit Plus With Add-On Feature
Deal Summary: Term Deposit Plus Accounts (an add-on version of the regular Term Deposits earning the same APYs), $5 min/$100k max, minimum $10 automatic monthly deposit. Availability: Easy membership requirement.
Mountain America CU Add-On CDs
"Term Deposit Plus" add-on CDs (various terms up to 5 yrs.) $5 minimum (that's not a typo) funds can be added at any time automated monthly deposit of at least
18- And 36-Month Bump-Up CDs
Mountain America just began offering two new bump-up CDs: --2.00% APY2 36-month term with a bump option based on 1.98% dividend rate --1.50% APY2 18-month term with a bump option
Mountain America Credit Union Raises 5-Year CD Rate
Deal Summary: 5-year CD, 2.60% APY, $500 minimum deposit. Availability: Easy membership requirement. Yesterday, Mountain America Credit Union (MACU) increased its 5-year Term Deposit by 10 bps to 2.60% APY.
Mountain America CU 5 Year CD Bump. Quick Look.
Mountain America CU raised the APY on its' 5year CD (from 2.50%) to 2.60% today (Monday, 7-31-17). Easy membership, EWP=365 days.
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