Banking Rates & News

Reno Metro Area

Including Reno, Sparks, Carson City, Fallon, South Lake Tahoe, Susanville, 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

Navy Fed Has Ended 2.25% APY 15-Mth Add-On CD
Gone after a nice 4-month run. 2.75% APY 32-Mth Add-On IRA CD remains. https://www.navyfederal.org/products-services/checking-savings/certificates.php
2- And 3-Year Brokered Cds
For those interested in possibly taking the plunge into brokered CDs, Wells Fargo has been offering some pretty good non-callable, new issue deals with 2- and 3-year maturities. Today on
15-Month CD Special, 2.00% APY
The 15-month CD Special (2.00% APY). Minimum deposit is $1,000. There is also a MMA Special, with a guaranteed rate of 1.30% APY for 12 months. Minimum deposit is $1,000
Mountain America Credit Union Ups 5-Year Term Deposit
Deal Summary: 5-year Term Deposit, 3.00% APY, $500 minimum deposit. 5-year Term Deposit Plus, 3.00% APY, $5 min/$100k max, minimum $10 automatic monthly deposit. Availability: Easy membership requirement DA reader,
3.0% APY 5 Year Term
As of 2-9-18, MACU joins the 3 percent club.
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