Best CD Rates in Las Vegas, Nevada

In the vibrant heart of the desert, (Las Vegas, Nevada) where the economy thrives on entertainment and tourism, investors can still find financial solace by investing in CDs.

These financial instruments offer a guaranteed return on investment, that make it an attractive option for those looking to grow their savings securely. Whether you’re a local resident or a visitor, discovering the highest CD rates in Las Vegas can be the first step towards building a solid financial foundation in the city.

Let’s delve into the details further;

Overall Best CD rates in Las Vegas, Neveda

No.	Bank Name	APY	Term Length	Address
1	Clark County Credit Union	5.26%	12-month	9311 W Sunset Rd Las Vegas, NV 89148
2	Silver State Schools Credit Union	5.25%	12-month	6855 Aliante Pkwy North Las Vegas, NV 89084
3	WestStar Credit Union	5.25%	12-month	8395 W Sunset Rd Las Vegas, NV 89113
4	America First Federal Credit Union	5.18%	12-month	6090 S Durango Dr Las Vegas, NV 89113
5	One Nevada Credit Union	5.12%	12-month	7703 N El Capitan Way Las Vegas, NV 89143
6	Beal Bank USA	5.05%	12-month	1970 Village Center Cir Las Vegas, NV 89134
7	America First Federal Credit Union	5%	3-month	9690 S Maryland Pkwy Las Vegas, NV 89123
8	Armed Forces Bank, National Association	5.00%	12-month	4325 N Washington Blvd Las Vegas, NV 89191
9	SCE Federal Credit Union	4.98%	12-month	7155 Lindell Rd Las Vegas, NV 89118
10	Beal Bank USA	4.96%	3-month	1970 Village Center Cir Las Vegas, NV 89134
11	USAA Savings Bank	4.75%	12-month	3773 Howard Hughes Pkwy Las Vegas, NV 89169
12	PenFed Credit Union	4.65%	12-month	online
13	Nevada State Bank	4.64%	12-month	5840 W Craig Rd Las Vegas, NV 89130
14	Wells Fargo Bank, National Association	4.50%	3-month	6325 S Rainbow Blvd Las Vegas, NV 89118
15	Nevada State Bank	4.49%	3-month	5840 W Craig Rd Las Vegas, NV 89130
16	City National Bank	4.25%	3-month	10801 W Charleston Blvd Las Vegas, NV 89135
17	The Northern Trust Company	4.05%	12-month	Online
18	InTouch Credit Union	4.02%	3-month	2620 E Craig Rd North Las Vegas, NV 89030
19	Valley Bank of Nevada	4.01%	24-month	Online
20	Kirkwood Bank of Nevada	4.00%	12-month	4730 S Fort Apache Rd Las Vegas, NV 89147
21	Republic Bank	4.00%	18-month	Online
22	Bank of America, National Association	3.93%	3-month	400 S Rampart Blvd Las Vegas, NV 89145
23	Plus Credit Union	3.69%	3-month	1900 S Jones Blvd Las Vegas, NV 89146
24	Vectra Bank Colorado	3.68%	18-month	Online
25	WestStar Credit Union	3.50%	3-month	2775 S Rainbow Blvd Las Vegas, NV 89146
26	First Savings Bank	3.45%	24-month	Online
27	Royal Business Bank	3.45%	12-month	Online
28	Union Bank	3.45%	24-month	Online
29	Town & Country Bank	3.25%	12-month	11441 Southern Highlands Pkwy Las Vegas, NV 89141
30	Cathay Bank	3.01%	24-month	Online
31	PenFed Credit Union	3.00%	6-month	Online
32	First National Bank of Ely	3.00%	18-month	Online
33	The Private Bank of Nevada	3.00%	12-month	2700 West Sahara Avenue, Las Vegas, NV 89102
34	Washington Federal Bank	3.00%	24-month	Online
35	First Security Bank of Nevada	2.90%	12-month	9130 W Russell Rd Ste 100 Las Vegas, NV 89148
36	Navy Federal Credit Union	2.75%	3-month	5198 Boulder Hwy Las Vegas, NV 89122
37	Zappos Family Credit Union	2.43%	24-month	Online
38	Operating Engineers Local Union #3 Federal Credit Union	2.40%	3-month	400 Shadow Ln Las Vegas, NV 89106
39	Town & Country Bank	2.25%	3-month	11441 Southern Highlands Pkwy Las Vegas, NV 89141
40	SunWest Federal Credit Union	2.00%	36-month	11839 N 28th Drive, Phoenix, Arizona 8502
41	Signature Bank	1.45%	24-month	565 Fifth Avenue, NY 10017-2413
42	Synchrony Bank (online banking presence)	1.00%	48-month	Online

Current CD Rates of Las Vegas, Neveda

In Las Vegas, Nevada, the landscape for Certificate of Deposit (CD) rates presents a diverse range of options for savers looking for both short-term and long-term investment opportunities. The significant difference in rates between local branches and online options highlights the importance of shopping around for the best CD rates.

Investors in Las Vegas, and indeed across the country, are increasingly finding that online banks offer more competitive rates compared to traditional brick-and-mortar institutions. This trend represents the shifting dynamics in the banking industry.

Best 6 Month CD Rates

The best 6-month CD rates offer a reliable place for savers looking for short-term, higher-yield opportunities without long-term commitments.

1. America First Federal Credit Union

Minimum Amount: $10,000

APY / Rate: 5.08%

Pros:

• Best APY rate on CD in Nevada state.
• FDIC insured up to $250,000.
• No monthly maintenance fees.

Rules:

• Minimum deposit of $10,000.
• The early withdrawal penalty is 90 days of interest in case withdrawn before maturity.

2. PenFed Credit Union

Minimum Amount: $1,000

APY / Rate: 4.60%

Pros:

• FDIC insured up to $250,000.
• No monthly maintenance fees.

Rules:

• Minimum deposit of $1,000.
• The early withdrawal penalty fee is 180 days of interest if withdrawn before maturity.

3. Mountain America Federal Credit Union

Minimum Amount: $500

APY / Rate: 5.50%

Pros:

• FDIC insured up to $250,000
• No monthly maintenance fees.

Rules:

• Minimum deposit of $500.
• Term of 6 months.
• The early withdrawal penalty is 90 days of interest if withdrawn before maturity.
• The interest rate is subject to change.

Best 1 Year CD Rates

For those willing to lock in their savings for a year, exploring the best 1-year CD rates can yield even more attractive returns.

1. Morgan Stanley

Minimum Amount: $1000

APY / Rate: 5.55%

Pros:

• FDIC insured up to $250,000
• No monthly maintenance fees.

Rules:

• Minimum deposit of $1,000.
• The early withdrawal penalty is 90 days of interest if withdrawn before maturity.

2. BMO Alto

Minimum Amount: $0

APY / Rate: 5.25%

Pros:

• FDIC insured up to $250,000.
• No monthly maintenance fees.
• The interest rate is compounded daily, so you earn interest on your interest.
• You can open a CD online or at any BMO Alto branch.
• You can set up automatic transfers from your checking account to your CD.

Rules:

• Minimum deposit of $0.
• Term of 12 months.
• There is a 90-day early withdrawal penalty if you withdraw your money before maturity.
• The interest rate is subject to change.

3. Bread Savings

Minimum Amount: $1500

APY / Rate: 5.35%

Pros:

• FDIC insured up to $250,000.
• No monthly maintenance fees.
• The interest rate is compounded daily, so you earn interest on your interest.
• You can open a CD online or at any Bread Savings™️ branch.
• You can set up automatic transfers from your checking account to your CD.

Rules:

• Minimum deposit of $1500.
• There is a 90-day early withdrawal penalty if you withdraw your money before maturity.
• The interest rate is subject to change.

Best 2 Year CD Rates

Investing in a 2-year CD can be a prudent choice for savers looking for a balance between a decent yield and a manageable term.

1. First Republic Bank

Minimum Amount: $2500

APY / Rate: 5.10%

Pros:

• FDIC insured
• No monthly maintenance fees
• The interest rate is compounded daily, so you earn interest on your interest.
• You can open a CD online or through the First Republic Bank website.
• You can set up automatic transfers from your checking account to your CD.

Rules:

• The early withdrawal penalty is 90 days of interest if withdrawn before maturity
• The interest rate is subject to change.

2. Bread Savings

Minimum Amount: $1500

APY / Rate: 5.05%

Pros:

• FDIC insured up to $250,000.
• No monthly maintenance fees.
• The interest rate is compounded daily, so you earn interest on your interest.
• You can open a CD online or at any Bread Savings™️ branch.
• You can set up automatic transfers from your checking account to your CD.

Rules:

• Minimum deposit of $1500.
• There is a 90-day early withdrawal penalty if you withdraw your money before maturity.
• The interest rate is subject to change.

3. M.Y. Safra Bank

Minimum Amount: $500

APY / Rate: 4.82%

Pros:

• CD ladder option available
• Best interest rate for financial planning
• No hidden charges
• FDIC-insured investment

Rules:

• Compound interest calculated on CD daily and added to the account monthly.
• Reinvestment of interest and disbursement on maturity rules followed
• Auto renewal on maturity
• 10-days grace period to alter CD term or withdraw CD
• Premature withdrawal is charged with a penalty

Best 3 Year CD Rates

For those considering a longer investment horizon, 3-year CDs can provide a higher yield in exchange for a longer commitment.

1. M.Y. Safra Bank

Minimum Amount: $500

APY / Rate: 4.76%

Pros:

• CD ladder option available
• Best interest rate for financial planning
• No hidden charges
• FDIC-insured investment

Rules:

• Compound interest calculated on CD daily and added to the account monthly.
• Reinvestment of interest and disbursement on maturity rules followed
• Auto renewal on maturity
• 10-days grace period to alter CD term or withdraw CD
• Premature withdrawal is charged with a penalty

2. First Internet Bank

Minimum Amount: $1,000

APY / Rate: 4.75%

Pros:

• FDIC insured
• No monthly maintenance fees
• The interest rate is compounded daily, so you earn interest on your interest.
• You can open a CD online with First Internet Bank’s website.
• You can set up automatic transfers from your checking account to your CD.

Rules:

• There is a 90-day early withdrawal penalty if you withdraw your money before maturity.
• The interest rate is subject to change.

3. Marcus by Goldman Sachs

Minimum Amount: $500

APY / Rate: 5.00%

Pros:

• FDIC insured
• No monthly maintenance fees
• The interest rate is compounded daily, so you earn interest on your interest.
• You can open a CD online or through the Marcus by Goldman Sachs website.
• You can set up automatic transfers from your checking account to your CD.

Rules:

• The early withdrawal penalty is 90 days of interest if withdrawn before maturity
• The interest rate is subject to change.

Best 5 Year CD Rates

The longest term among common CD investments, 5-year CDs, offer the highest interest rates for those who are willing to commit their savings for an extended period.

1. Toyota Financial Savings Bank

Minimum Amount: $1,000

APY / Rate: 4.42%

Pros:

• TFSB offers some of the highest interest rates on CDs in the market. For example, as of July 22, 2023, the APY on a 60-month CD is 4.42%.
• TFSB is a FDIC-insured bank, so your money is safe up to $250,000.
• TFSB does not charge any monthly fees for its savings accounts or money market accounts.

Rules:

• The minimum deposit for a CD at TFSB is $1,000.
• If you withdraw money from your CD before the term is up, you may be subject to an early withdrawal penalty. The penalty is 6 months’ interest on the amount withdrawn.
• TFSB offers CDs with terms ranging from 30 days to 60 months.

2. Mountain America Credit Union

Minimum Amount: $500

APY / Rate: 4.00%

Pros:

• Mountain America Credit Union offers competitive interest rates on its CDs.
• There are no monthly maintenance fees for Mountain America Credit Union CDs.
• Easy to open: You can open a Mountain America Credit Union CD online in just a few minutes.
• Mountain America Credit Union CDs are FDIC insured up to $250,000.
• Wide range of terms: Mountain America Credit Union offers a wide range of CD terms, from 3 months to 60 months.
• You can choose to add a rate bump option to your CD, which allows you to increase the interest rate once during the term of the CD.

Rules:

• To earn the advertised interest rate, you must keep your money in the CD until maturity.
• If you withdraw your money early, you may be subject to an early withdrawal penalty.
• The early withdrawal penalty is typically 6 months of interest on the amount you withdraw.

3. America First Credit union

Minimum Amount: $100

APY / Rate: 3.74%

Pros:

• Best APY rate on CD in Nevada state.
• FDIC insured up to $250,000.
• No monthly maintenance fees.

Rules:

• Minimum deposit of $10,000.
• The early withdrawal penalty is 90 days of interest in case withdrawn before maturity.

Las Vegas, Neveda Economic Statistics

Las Vegas, Nevada, presents an interesting landscape for investors, as of 2023;

• The city had an estimated population of 2,953,000, showcasing a growth trend that underscores its expanding urban development and attraction as a major tourist and entertainment hub​​.
• The economic landscape is notably influenced by sectors such as accommodation & food services, retail trade, and health care & social assistance, which dominate employment​​. This employment distribution is a clear evidence of Las Vegas’s stature as a global entertainment capital.
• Additionally, the median household income in Las Vegas stands at approximately $66,356, according to recent estimates.
• This figure, coupled with the median value of owner-occupied housing units at $365,300, paints a picture of the city’s economic status relative to both the state of Nevada and the broader United States​​.

Statistic	Value
Population
Median Household Income	$66,356
Median Value of Owner-Occupied Housing Units	$365,300
Median Earnings for Men	$41,183
Median Earnings for Women	$35,283
Employment Decline Rate	-2.25%
Major Employment Sectors	Accommodation & Food Services, Retail Trade, Health Care & Social Assistance

These statistics are vital for understanding the economic fabric of Las Vegas, that is offering a backdrop against which to evaluate investment opportunities, including the search for the best CD rates.

How to Get Best CD Rates in Las Vegas, Neveda?

To get the best CD rates in Las Vegas, Nevada, follow these concise steps:

1. Start by researching both online and brick-and-mortar banks and credit unions in Las Vegas to compare their CD rates.
2. Look at the terms of the CDs, including length of time (e.g., 6 months, 1 year, 5 years) and minimum deposit requirements, to find the best fit for your savings goals.
3. Some institutions offer promotional rates for new customers or for larger deposits, so be on the lookout for these deals.
4. Online banks often offer higher rates than traditional banks because they have lower overhead costs.
5. Understand the penalties for early withdrawal and ensure the terms align with your financial plans.

By following these steps, you can strategically find the most competitive CD rates that Las Vegas has for maximizing your investment returns.

CD Rates Methodology

In evaluating the best CD rates in Las Vegas, Nevada, a comprehensive review was undertaken that covered a wide array of financial institutions. Specifically, the methodology involved reviewing CD rates from 76 banks to ensure a broad and competitive selection.

From this thorough examination, 40 banks made the final list, distinguished by offering the most competitive rates. This selection process underscores the importance of a wide-ranging review to identify the top CD rates, factoring in not only the annual percentage yield (APY) but also other critical terms such as minimum deposit requirements and early withdrawal penalties.

Conclusion

On the whole, the Investors should consider not only the rate but also the terms and conditions associated with each CD. In addition to all this, other factors such as the flexibility to withdraw funds, the stability of the financial institution, and the convenience of managing the CD should also play into the decision-making process.

By carefully selecting the right CD, investors in Las Vegas can enjoy secure and profitable savings growth, ensuring their hard-earned money works effectively for them in the long run.

FAQs