In comparison to most CD accounts offered in the state of Nevada, Nevada Bank and Trust offers very competitve rates and terms. Nevada Bank and Trust is a small town community bank offers personal service and competitive products. The banks main office is located in Caliente and there are nine additional bank branches serving the region.
As part of the products available from Nevada Bank and Trust, the bank has checking account plans that allow for a firm control of an individuals finances. The bank provides a low cost checking account that can fit the needs of individuals and businesses. The bank has free checking accounts offered to non-profit organizations, full-time college students, clergy, missionaries and senior citizens age 55 or over. They offer an interest bearing NOW account as well. To step up interest earning power, the bank has a money market account that gives a high interest rate and limited check writing privileges. The bank has a variable rate basic savings account that provides security and flexibility. Furthermore, the bank has several CD rate and terms to choose from.
The bank CD accounts are interest bearing accounts. The interest rate and annual percentage yield will depend upon the daily balance in the account. The interest rate and annual percentage yield will not change for the term of the account. For the following CD rates, the accountholder must maintain a minimum balance of $5,000.00 in the account each day to obtain the disclosed annual percentage yield. Nevada Bank and Trust CD products include:
A six month CD that earns an interest rate of 1.69% APY.
A twelve month CD with a rate of 1.86% APY.
A twenty-four month CD that has an interest rate of 2.12% APY.
The bank also offers a great tiered money market acount. On this acount the minimum opening balance is $2,500.00. At that amount the interest rate is only .05% APY. The rate rises to .60% APY for balances between $2,500.00 and $9,999.99. At balances between $25,000 and $49,999.99 the interest rises to 1.03% APY. At balances between $100,000.00 and $199,999.99 the rate increases to 2.36% APY. This is a variable rate account in which the rate may change at anytime.
Bank CD interest rates are subject to change without notice. Additional conditions may apply. To contact the bank directly call 775-726-3487. More bank product information as well as current interest rates can be found on the bank website which is located at www.nevadabankandtrust.com.
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