Highest Las Vegas 24-Month CD Rates: September 2011
It seems as though interest rates on deposit accounts are just getting worse and worse, which makes finding a competitive Las Vegas CD rate seem near impossible. Luckily, there are still banks and credit unions in the area that are providing outstanding CD rates if you know where to look.
This is especially true for 24-month CDs in Las Vegas, which tend to offer the best rates.
What Is a 24-Month CD?
Certificates of deposit are available in a variety of terms, which refers to the amount of time your money remains on deposit. A 24-month CD is considered to be longer-term than other accounts. There are a number of reasons why you may go with a longer term of 2 years.
The top reason, however, is that a long-term CD often allows you to obtain a better interest rate. This is because financial institutions want to encourage account holders to keep their money on deposit longer.
That means a 24-month CD is a great choice if you are interested in earning a better rate than a savings account can provide and–most importantly–you can afford to keep your money on deposit for a full 2 years.
Best Las Vegas 24-Month CD Rates
If you’re interested in finding a 24-month CD account at a local financial institution that also offers a competitive rate, check out the banks and credit unions below:
- Citibank, National Association: 0.35%
- Nevada State Bank: 0.05%
Please note these rates are accurate as of September 7, 2011, but are subject to change at any time. Further, you may be subject to additional terms and requirements. Please check with individual financial institutions to verify rates before opening an account.
