While it continues to become more difficult to find CD rates that are 4.00% or greater without locking up your investment for four or more years, a local Nevada banking institution is offering that yield on a term of just two years.  Community Bank of Nevada has the highest CD rate on a two tear term CD for the state of Nevada.  The interest rate earned on this certificate of deposit is a 4.00% APY.

Community Bank of Nevada is a Nevada chartered bank headquartered in Las Vegas. The bank was organized in July 1995.  Community Bank of Nevada provides a full range of commercial and consumer bank products through its bank branches located in the greater Las Vegas area and one loan production office in Arizona.  The bank has 13 full service bank branches, nine located in Las Vegas, three located in Henderson, and one located in Pahrump. 

Community Bancorp, a NASDAQ traded stock, was formed in 2002 and headquartered in Las Vegas, Nevada.   Community Bancorp is the holding company for Community Bank of Nevada and Community Bank of Arizona.  Community Bank of Arizona is an Arizona state chartered bank providing a full range of commercial and consumer bank products through three branches located in the greater Phoenix area.  Community Bank of Nevada and Community Bank of Arizona provide commercial banking services, including real estate, construction and commercial loans and SBA loans, to small- and medium-sized businesses.  Customers include developers, contractors, professionals, distribution and service businesses, local residential home builders, and manufacturers.

In addition to the best two year CD rate, Community Bank of Nevada offers some very good rates on their short term CDs.  The 90 day CD has an interest rate of 3.03% APY.  The 6 month CD has an interest rate of 3.55% APY.  The one year CD is yielding 3.80% APY.  All listed CDs have a minimum deposit requirement of $1,000.00.  The rate for the fixed rate certificates of deposit 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.  Any fees applicable to a specific account could reduce earnings.  Early withdrawal penalties may apply to certificates of deposit.

Interest rates are subject to change additional conditions may apply to open a CD account.  A bank representative can be reached at their telephone number, 702-878-0700.  The bank maintains a website at www.communitybanknv.com.

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