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

Mountain America Credit Union Boosts 3-Year CD, 3.35% APY
Deal Summary: 3-year Term Deposit, 3.35% APY, $500 minimum deposit. 3-year Term Deposit Plus, 3.35% APY, $5 min/$100k max, minimum $10 automatic monthly deposit. Availability: Easy membership requirement At the
Navy Federal Unveils 24-Month CD Special, 3.00% APY
Deal Summary: 24-month Certificate Special, 3.00% APY, $10k minimum deposit. Availability: Nationwide, but a military relationship required for membership. When I last wrote about Navy Federal Credit Union (Navy Fed)
CD Rate Increase At Navy
Navy Federal raised rates this morning on some of their CD's. I know that the 12&24 month went up a quarter point.https://www.navyfederal.org/products-services/checking-savings/certificates-rates.php
Mountain America Credit Union: 3-Yr., 5-Yr. Cds, 3.35% APY
Regular and "Term Deposit Plus" add-on CDs at Mountain America now yield 3.35% for terms of 3 and 5 years, with higher yields on youth accounts. Other non-youth rates for
3 Year Variable CD 2.79% APY
Is this new? In disclosures it says "A new 3-Year Variable Rate is effective every first Monday of each month. Rates for 3-Year Variable Certificates may change on the Certificate’s
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