Best CD Rates in Nevada

From the bustling streets of Las Vegas to the serene vistas of the Sierra Nevada, Investors are always on the lookout for the most competitive rates to grow their funds.

Nevada’s financial institutions, ranging from national banks to local credit unions, offer a plethora of options for CDs, each with its own set of advantages and terms. Navigating the CD rates in Nevada can lead you to a hidden treasure chest of potential earnings.

Let’s dive into the financial aspects of Nevada and uncover the best CD rates that can help turn your savings goals into reality.

Overall Best CD rates in Nevada

No.	Name of the Bank	APY %	Term Length	Address
1	America First Federal Credit Union	5.37%	3-month	9690 S Maryland Pkwy Las Vegas, NV 89123
2	Clark County Credit Union	5.26%	12-month	9311 W Sunset Rd Las Vegas, NV 89148
3	Mountain America Federal Credit Union	5.25%	12-month	355 W Mesquite Blvd Mesquite, NV 89027
4	Silver State Schools Credit Union	5.25%	12-month	6855 Aliante Pkwy North Las Vegas, NV 89084
5	WestStar Credit Union	5.25%	12-month	8395 W Sunset Rd Las Vegas, NV 89113
6	Mountain America Federal Credit Union	5.25%	6-month	1141 Steamboat Pkwy Reno, NV 89521
7	America First Federal Credit Union	5.18%	12-month	6090 S Durango Dr Las Vegas, NV 89113
8	One Nevada Credit Union	5.12%	12-month	7703 N El Capitan Way Las Vegas, NV 89143
9	Beal Bank USA	5.05%	12-month	1970 Village Center Cir Las Vegas, NV 89134
10	Navy Federal Credit Union	5.05%	12-month	671 Mall Ring Cir Henderson, NV 89014
11	Meadows Bank	5.00%	3-month	6518 S McCarran Blvd Reno, NV 89509
12	Armed Forces Bank, National Association	5.00%	12-month	4325 N Washington Blvd Las Vegas, NV 89191
13	Meadows Bank	5.00%	3-month	6518 S McCarran Blvd Reno, NV 89509
14	SCE Federal Credit Union	4.98%	12-month	7155 Lindell Rd Las Vegas, NV 89118
15	Beal Bank USA	4.96%	3-month	1970 Village Center Cir Las Vegas, NV 89134
16	Meadows Bank	4.88%	6-month	6518 S McCarran Blvd Reno, NV 89509
17	City National Bank	4.75%	3-month	5470 Kietzke Ln Reno, NV 89511
18	USAA Savings Bank	4.75%	12-month	3773 Howard Hughes Pkwy Las Vegas, NV 89169
19	City National Bank	4.75%	3-month	5470 Kietzke Ln Reno, NV 89511
20	Nevada State Bank	4.75%	6-month	190 Damonte Ranch Pkwy Reno, NV 89521
21	PenFed Credit Union	4.65%	12-month	online
22	Meadows Bank	4.64%	12-month	2970 Saint Rose Pkwy Henderson, NV 89052
23	Nevada State Bank	4.64%	12-month	5840 W Craig Rd Las Vegas, NV 89130
24	Toyota Financial Savings Bank	4.63%	12-month	2485 Village View Dr Henderson, NV 89074
25	One Nevada Credit Union	4.59%	6-month	200 Vista Knoll Pkwy Reno, NV 89506
26	Silver State Schools Credit Union	4.50%	3-month	303 S Water St Henderson, NV 89015
27	Wells Fargo Bank, National Association	4.50%	3-month	6325 S Rainbow Blvd Las Vegas, NV 89118
28	WestStar Credit Union	4.50%	6-month	394 E Moana Ln Reno, NV 89502
29	Wells Fargo Bank	4.50%	3-month	87 Stadium Way Reno, NV 89557
30	Nevada State Bank	4.49%	3-month	5840 W Craig Rd Las Vegas, NV 89130
31	Nevada State Bank	4.49%	3-month	190 Damonte Ranch Pkwy Reno, NV 89521
32	City National Bank	4.25%	3-month	10801 W Charleston Blvd Las Vegas, NV 89135
33	InTouch Credit Union	4.02%	3-month	2620 E Craig Rd North Las Vegas, NV 89030
34	Valley Bank of Nevada	4.01%	24-month	Online
35	Kirkwood Bank of Nevada	4.00%	12-month	4730 S Fort Apache Rd Las Vegas, NV 89147
36	Bank of America, National Association	3.93%	3-month	400 S Rampart Blvd Las Vegas, NV 89145
37	Bank of America, National Association	3.93%	3-month	710 S Meadows Pkwy Reno, NV 89521
38	Plus Credit Union	3.69%	3-month	1900 S Jones Blvd Las Vegas, NV 89146
39	One Nevada Credit Union	3.56%	3-month	200 Vista Knoll Pkwy Reno, NV 89506
40	One Nevada Credit Union	3.56%	3-month	200 Vista Knoll Pkwy Reno, NV 89506
41	Great Basin Federal Credit Union	3.55%	6-month	9770 S Virginia St Reno, NV 89511
42	Heritage Bank of Nevada	3.50%	3-month	2330 S Virginia St Reno, NV 89502
43	Toyota Financial Savings Bank	3.50%	3-month	2485 Village View Dr Henderson, NV 89074
44	WestStar Credit Union	3.50%	3-month	2775 S Rainbow Blvd Las Vegas, NV 89146
45	Heritage Bank of Nevada	3.50%	6-month	2330 S Virginia St Reno, NV 89502
46	Heritage Bank of Nevada	3.50%	3-month	2330 S Virginia St Reno, NV 89502
47	WestStar Credit Union	3.50%	3-month	394 E Moana Ln Reno, NV 89502
48	First Savings Bank	3.45%	24-month	Online
49	Royal Business Bank	3.45%	12-month	Online
50	Town & Country Bank	3.25%	12-month	11441 Southern Highlands Pkwy Las Vegas, NV 89141
51	Reno City Employees Federal Credit Union	3.15%	6-month	386 Holcomb Ave Reno, NV 89502
52	Cathay Bank	3.01%	24-month	Online
53	PenFed Credit Union	3%	6-month	Online
54	First National Bank of Ely	3.00%	18-month	Online
55	First Security Bank of Nevada	2.90%	12-month	9130 W Russell Rd Ste 100 Las Vegas, NV 89148
56	Navy Federal Credit Union	2.75%	3-month	5198 Boulder Hwy Las Vegas, NV 89122
57	Mutual of Omaha Bank	2.75%	36-month	Online
58	Operating Engineers Local Union #3 Federal Credit Union	2.50%	6-month	1290 Corporate Blvd Reno, NV 89502
59	Wells Fargo Bank, National Association	2.50%	6-month	87 Stadium Way Reno, NV 89557
60	El Dorado Savings Bank, F.S.B.	2.47%	3-month	276 Kingsbury Grade Stateline, NV 89449
61	Operating Engineers Local Union #3 Federal Credit Union	2.40%	3-month	400 Shadow Ln Las Vegas, NV 89106
62	Town & Country Bank	2.25%	3-month	11441 Southern Highlands Pkwy Las Vegas, NV 89141
63	Bank of Nevada	2.00%	18-month	Online
64	Comstock Bank	1.00%	12-month	Online

Current CD Rates of Nevada

In Nevada, the current CD rates reflect a dynamic financial landscape. It offers a range of opportunities for investors who want to lock in their money for a fixed period.

Nevadans have access to some of the most attractive interest earnings on their deposits. This variety ensures that whether someone is looking for a short-term investment or a longer commitment, there are options available that can cater to different financial goals and risk appetites.

Best 6 Month CD Rates

For those interested in short-term investments, the best 6-month CD rates in Nevada are ideal for savers who seek flexibility along with a competitive yield.

1. CommunityWide Federal Credit Union

Minimum Amount: $1.000.00

APY Rate:  3.25% APY

Pros:

• NCUA insured to at least $250,000
• Dividend can be compounded in certificates / deposited to another share/ transferred to another institution
• Option to renew on the maturity

Rules:

• Any withdrawal before maturity is charged with a penalty
• Penalty= amount of the withdrawal x  the remaining term (days) of the certificate at the rate of 2x the current APR (divided by 365)
• Dividends are paid at the end of the month

2. Quontic Bank

Minimum Amount: $500.00

APY Rate:  2.25% APY

Pros:

• Instant account opening
• Low minimum balance
• FDIC insured

Rules:

• Interest is compounded daily and credited to the account at the end of every month
•   A periodic rate is applied to the balance (principal + interest) in the account
• CD can be withdrawn upon maturity within 10 days after which, it is automatically renewed on the same terms. 

3. PenFed Credit Union

Minimum Amount: $1,000.00

APY Rate:  2.00% APY

Pros:

• Easy renewal without any conditions
• Can be accessed at the branch, mobile or online
• Insured by NCUA insurance

Rules:

• Dividends are calculated on a simple interest basis
• Monthly dividends are paid on CD maturity

Best 1 Year CD Rates

When looking at 1-year CD rates, Nevada’s financial institutions shine by offering rates that balance a decent return with the security of a fixed-term investment.

1. Blue Federal Credit Union

Minimum Amount: $1.00

APY Rate:  4.60% APY

Pros:

• Nationwide available bank
• No penalty for early withdrawal
• Can withdraw after 7 days of the opening date
• FDIC insured

Rules:

• Interest is compounded daily and credited to the account at the end of the month 

2. Bread Savings

Minimum Amount: $1,500.00

APY Rate:  4.50% APY

Pros:

• $1 million per account and $10 million limit per customer maximum deposit limit
• No hidden fees
• Free monthly maintenance
• Auto-renew facility available

Rules:

• Interest is accrued and compounded on daily basis and credited to the account every month

3. Synchrony Bank 

Minimum Amount: $0.00

APY Rate:  4.01% APY

Pros:

• No minimum balance
• Easiest penalty terms
• Interest can be withdrawn anytime without penalty
• FDIC insured up to $250,000

Rules:

• Monthly Interest is calculated and credited to the account at the end of the month
• A penalty is charged if you withdraw prematurely

Best 2 Year CD Rates

Exploring the best 2-year CD rates reveals options for investors seeking a middle ground between short-term flexibility and long-term yield.

1. Synchrony Bank

Minimum Amount: $0.00

APY Rate:  4.26% APY

Pros:

• No minimum balance
• Low penalty on early withdrawal
• Anytime interest withdrawal without penalty
• FDIC insured up to $250,000

Rules:

• Interest is calculated on a monthly basis and credited to the account at end of every month
• Premature withdrawal is charged with a penalty

2. Marcus by Goldman Sachs

Minimum Amount: 4.25% APY

APY Rate:  $500.00

Pros:

• Instant account opening
• Low minimum balance requirements
• All seven days of customer support

Rules:

• Interest is accrued daily and compounded at the end of the month
• No penalty withdrawal is available on the interest amount

3. Skyla Credit Union

Minimum Amount: $500.00

APY Rate:  4.50% APY

Pros (Why it made the list):

• Low minimum balance requirement
• Insured up to $500,000 by National Credit Union Administration (NCUA) and Excess Share Insurance Corporation (ESI)
• No monthly fees

Rules:

• The dividend is compounded and credited on a monthly basis
• Complete the term to avoid penalties

Best 3 Year CD Rates

The best 3-year CD rates in Nevada offer more attractive rates for those committed to medium-term growth strategies.

1. Bread Savings

Minimum Amount: $1,500.00

APY Rate:  4.00% APY

Pros:

• Hassle-free account opening
• Best reinvestment options available
• $1 million per account and $10 million limit per customer maximum deposit limit
• No hidden fees
• Free monthly maintenance
• Auto-renew facility available

Rules:

• Interest is accrued and compounded on daily basis and credited to the account on a monthly basis

2. Synchrony Bank 

Minimum Amount: $0.01%

APY Rate:  4.26% APY

Pros:

• No minimum balance
• Minimum penalty on early withdrawal
• Interest can be withdrawn anytime without penalty
• FDIC insured up to $250,000

Rules:

• Monthly Interest calculation and account credit
• No minimum balance is required to earn the interest
• A penalty amount is charged on early withdrawals 

3.  First National Bank of America

Minimum Amount: $1,000.00

APY Rate:  4.40% APY

Pros:

• High APY and interest rates
• Easy account opening procedure
• FDIC insured
• BBB accredited business

Rules:

• You must maintain a minimum balance of $1000 to earn APY
• Interest is added to the account every end of month

Best 5 Year CD Rates

5-year CD rates in Nevada stand out by offering the highest interest rates. It is ideal for all those savers who are aiming to maximize their earnings over an extended period.

1. Bread Savings

Minimum Amount: $1,500.00

APY Rate:  4.25% APY

Pros:

• $1 million per account and $10 million limit per customer maximum deposit limit
• No hidden fees
• Free monthly maintenance
• Auto renew facility available

Rules:

• Interest is accrued and compounded on daily basis and credited to the account on monthly basis

2. Popular Direct

Minimum Amount: $10,000.00

APY Rate:  4.35% APY

Pros:

• One of the highest APY 
• 24/7 account access
• FDIC insured deposits
• 24/7 customer support

Rules:

• Minimum balance of $10000 must be maintained in the account to earn interest
• Interest is accrued and compounded monthly and transferred to the account at the end of month. 
• Premature withdrawal are exposed to penalty

3. Barclays

Minimum Amount: $0.00

APY Rate:  4.25% APY

Pros:

• One of the biggest banks in America
• No minimum balance required
• Easy fund transfer
• No monthly fees

Rules:

• Fund must be added to the account within 14 days of opening
• To earn interest minimum $0.01 balance must be maintained
• Interest is compounded on monthly basis 

Nevada Economic Statistics

Nevada’s economy is characterized by its diversity, with significant contributions from tourism, gaming, and mining sectors, alongside emerging industries in technology and renewable energy. This diverse economic base provides a unique landscape for investors.

• As of 2023, Nevada’s average household income was around $95,264, reflecting the state’s economic conditions and the potential for residents to invest in savings products like CDs to enhance their financial stability.
• Secondly, the average home value in Nevada saw significant fluctuations. It values around $428,000, highlighting the dynamics of the real estate market and its implications for personal financial planning and investment strategies.
• Other than all, Nevada’s population, standing at approximately 3.15 million people, showcases a growing and diversifying demographic, which impacts the demand for financial services.

Indicator	2023 Statistics	Description
Average Income	$95,264	Reflects the state’s economic conditions and potential for residents to invest in savings products like CDs.
Average Home Value	$428,000	Indicates the state’s dynamic real estate market and its implications for personal financial planning and investment strategies.
Population	3.15 million	Showcases a growing and diversifying demographic, impacting the demand for financial services, including savings and investment products.

These statistics illustrate a state with an evolving economy, where the best CD rates can serve as a valuable tool for Nevadans to secure and grow their savings.

How to Get Best CD Rates in Nevada?

Securing the best CD rates in Nevada involves a strategic approach that includes thorough research and comparison.

• Start by reviewing the offerings from a wide range of financial institutions, including both large national banks and local credit unions, as they often offer competitive rates to attract and retain customers.
• It is also crucial to consider factors beyond the interest rate alone, such as the minimum deposit required, the term length, and any early withdrawal penalties.
• Additionally, staying informed about the broader economic environment and Federal Reserve policy changes can help predict trends in CD rates, allowing you to lock in higher rates before potential decreases.
• Utilizing online comparison tools and financial news outlets can simplify this process, providing a comprehensive overview of the best available CD rates in Nevada.

CD Rates Methodology

Our methodology for identifying the best CD rates in Nevada involves a comprehensive review of 86 banks and credit unions to ensure a broad and representative sample of the market.

Out of these, 64 institutions made our list, chosen based on their competitive interest rates, the diversity of term options offered, and their overall financial health and reliability.

This selection process ensures that our recommendations include options suitable for a wide range of financial goals and risk tolerances. By focusing on institutions that offer the most attractive rates and terms, we aim to help savers maximize their earnings potential while minimizing risks.

Conclusion

Finding the best CD rates in Nevada requires a balance between research, and timing. By considering a wide range of financial institutions and staying informed about economic trends, investors can identify opportunities to secure higher returns on their investments.

This approach underscores the value of informed decision-making in personal finance, ensuring that individuals can find CD rates that best meet their financial goals and circumstances.

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