Investors willing to shop for their FDIC insured money market and certificates of deposit in the state of Nevada will earn yields far outpacing the national average.  In continuing a series of reviewing CD rates from banks in Nevada, its time to look at the Community Bank of Nevada.

Community Bank of Nevada is a state chartered bank headquartered in Las Vegas, Nevada. The bank was organized in July 1995.  The bank offers an array of commercial bank products and services.  Community Bank of Nevada is dedicated to meeting the banking and credit needs of all customers, including loans, services, and investments that will benefit low and moderate income individuals.

The bank 13 full service branches, nine located in Las Vegas, three located in Henderson, and one located in Pahrump.

The bank offers a variety of CDs in which the rate for the CDs is fixed for the term of the CD, and is determined based upon the amount of the opening deposit and the term of the CD.  The bank CD requires a $1000.00 opening balance.  Community Bank of Nevada CD products include:

A three month CD with an interest rate of 2.52% APY.
A six month CD that earns an interest rate of 3.03% APY.
A twelve month CD with a rate of 3.29% APY.
An eighteen month CD yielding an interest rate of 3.29% APY.
A twenty-four month CD that has an interest rate of 2.78% APY.
A thirty-six month CD that earns an interest rate of 2.78% APY.
Annual Percentage Yield (APY) assumes principal and interest will remain on deposit for one year.

In addition to these high rate CDs, the bank also offers a high interest rates money market account.  The money market acount is a tiered rate account.  Balances between  $2,000.00 to $24,999.99 will earn an interest rate of 1.265 APY.  Balances between $25,000.00 to $99,999.99 yield an interest rate of 2.02% APY and balances between $100,000.00 to $999,999.99 will earn an interest rate of 2.27% APY.

The money market account requires a $1000 deposit to open.  This is a variable interest bearing account.  There is no monthly service charge with $2,000 daily balance.  The money market account allows six free preauthorized withdrawals, three by check, draft, debit card or point of sale transaction, each statement cycle.

Interest rates are subject to change.  Additional conditions may apply.  To contact the bank directly call 702-878-0700.  More bank product information as well as current interest rates can be found on the bank website which is located at www.communitybanknv.com.

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