Best Interest Rates in Nevada: Historical Comparison

Posted in Banking , Best Interest Rates • March 7, 2013

nevada credit union - historicalToday’s interest rates on deposit products are creeping closer to zero, but that doesn’t mean residents in Nevada don’t have a chance to find the best interest rates in the state. The first step to uncovering the highest rates for savings accounts and certificates of deposit is to identify how much rates have changed over time. Go Banking Rates’ latest study analyzes average Nevada credit union and local bank interest rates today, and compares them to interest rates from 2011 to help depositors recognize the gap in rates over the years.

The study surveys average rates for numerous financial products like savings accounts, 6-month certificates, 1-year CDs and 2-year CDs. Rate averages from Nevada banks and credit unions are also ranked for both years to demonstrate how rates in Nevada compare to other states.

Average Interest Rates From Nevada Credit Unions and Banks

The average rates from Nevada credit unions and local banks have changed as follows:

February 2011

  • 6-Month CD: .34% APY
  • 1-Year CD: .61% APY
  • 2-Year CD: .82% APY
  • Savings Account: .32% APY

January 2013

  • 6-Month CD: .23% APY
  • 1-Year CD: .34% APY
  • 2-Year CD: .43% APY
  • Savings Account: .14% APY

Steadiest Rate: 6-Month CDs (dropped by .11, a 32% difference)

Biggest Drop: 2-Year CDs (dropped by .39, a 47% difference)

nevada banks - historical

Nevada Banks and Credit Unions: Historical Interest Rate Rankings

Nevada Rank
Account Type 2011 2013
6-Month CD  51st  49th
1-Year CD  49th  49th
2-Year CD  51st  51st
Savings Account  36th  48th

About This Nevada Interest Rates Study

This study was compiled using interest rates from Go Banking Rates’ database of over 4,000 U.S. banks and credit unions. Current interest rates are as of January 31, 2013, compared against archived rate data as of February 28, 2011. Only local banks and credit unions were used in the study; national and online institutions were not considered.

Rates are collected from individual institutions’ published online rates, assuming a $10,000 deposit. Note that current rates may have changed since the publish date.

Find current high-yield bank interest rates.

(Photo: Kyle Monahan)

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Best Banking Rates

Institution
Featured Rate (APY)
0.90%
Savings
0.95%
Savings
Institution
Best Rate (APY)
Alabama Telco Credit Union
3.00%
Savings
Pioneer Mutual Federal Credit Union
2.75%
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Free, all-inclusive, and truly local: GoBankingRates.com is the only source for interest rates from over 5000 banks and credit unions
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