Best Certificates of Deposit (CDs) in Nevada for 2025
- America First Credit Union consistently offers some of the highest CD rates in Nevada, along with additional CD options, including bump-up CDs, no-penalty CDs, and IRA CDs.
- Bask Bank offers six high-yield CD terms, but none are longer than 24 months.
- In addition to high-yield CDs, Ally Bank offers bump-up CDs and no-penalty CDs.
- Many local Nevada credit unions and banks require CD minimums starting at just $500 or less, making them accessible for first-time savers.
Certificates of deposit give Nevada residents a practical way to build savings while earning a reliable, fixed interest rate. Whether you’re looking for a short-term option or locking in funds for the long haul, a certificate of deposit (CD) can help you grow your money securely with predictable returns.
This guide covers the top CD rates available from banks and credit unions across Nevada. Keep reading to learn how to maximize savings opportunities through competitive CDs available to Nevada residents.
Best CD Rates In Nevada
Popular Banks and Credit Unions in Nevada
Nevada State Bank: A trusted local institution that offers straightforward CD options, with terms ranging from seven days to 5 years and competitive interest rates for Nevada residents.
America First Credit Union: A leading credit union in Nevada offering a wide selection of CDs, including bump-up and no-penalty options. The credit union’s one-year CD and 18-month CD are among the highest APYs provided in the state.
One Nevada Credit Union: This member-focused credit union offers CDs with flexible terms, starting at just $250, and caters to residents across parts of the state.
Online Banks: Many online banks offer nationwide CDs with rates that often exceed local banks, making them a great alternative for Nevada residents.
Online Banks Offering CDs
Online banks remain a strong choice for Nevada savers who want higher rates and digital convenience. Here are some of the reasons why opening a CD through an online bank might make sense:
Higher interest rates: Online institutions typically offer better CD rates due to lower operating costs.
Deposit insurance: CDs held at FDIC-member banks or NCUA-insured credit unions are protected up to $250,000 per depositor.
Low minimum deposits: Many online banks make it easy to start saving with modest deposit requirements.
Here are some top online CD providers to consider:
- Quontic Bank: You’ll find high-yield CDs with competitive rates, full digital access, and no hidden fees when banking with Quontic.
- Barclays Bank: CD accounts from Barclays feature strong rates, no minimum balance requirements, and a streamlined online application.
- Ally Bank: Savers at Ally benefit from early withdrawal flexibility, a range of CD terms and types, and a well-designed digital experience.
- Bask Bank: Standard CDs from Bask offer competitive yields, a quick, fully digital setup process, and a low entry deposit.
Regardless of which type of CD you choose, compare rates and terms from multiple banks and credit unions to find the best options.
Factors to Consider When Choosing a CD in Nevada
Shopping around can help you find the best CD option that meets your needs. Here are some factors to consider when choosing a CD in Nevada:
State economic conditions
While Nevada’s economy has grown in recent years, the state faces rising fiscal uncertainty in 2025. Slowing sales tax revenue, a declining live entertainment tax, and concerns over tourism trends have lawmakers anticipating budget adjustments and cautious spending. These conditions may influence how banks and credit unions set CD rates going forward.
Tax considerations
While Nevada has no state income tax, CD interest remains subject to federal income tax. It’s always a good idea to consult a tax professional for guidance.
Banking strategy
Consider your current financial situation, banking needs, and preferences when choosing a CD. Decide if you prefer keeping all of your accounts at one institution or want to shop around for the best rates and terms available. Factor your savings timeline into your decision. A mid-term option, such as a two-year CD, could be a good option if you don’t need access to your funds for a while.
Pros and Cons of CDs
Pros
- CDs provide a guaranteed rate of return for the length of the term.
- Many CDs offer better yields than standard savings products.
- FDIC and NCUA insurance coverage protects your deposits up to applicable limits.
- A wide range of terms allows you to align your CD choices with your financial plans.
Cons
- Early withdrawals usually result in a penalty or loss of earned interest.
- Fixed rates may not keep up with inflation, reducing your buying power.
- Funds are not accessible until the CD reaches maturity, limiting your liquidity.
Compare Nevada CD Rates and Start Saving
CDs offer a relatively low-risk way to grow your savings with predictable returns. Whether you choose a local credit union, a Nevada-based bank, or an online institution, comparing rates and terms will help you find the right savings solution.
Compare CD rates in Nevada now.
Frequently Asked Questions
Generally, many credit unions, such as America First and One Nevada, tend to offer higher APYs than larger banks, especially on shorter-term CDs.
Many banks and credit unions in the state require a minimum deposit of $500 to $1,000 to open a CD, though some institutions may offer lower entry points.
Some banks and credit unions offer no-penalty CDs, which are special CDs that allow you to withdraw funds at select times during your term.
