[brucerby]

Looking for a decent NEVADA-BASED bank with branches around LV.

Mainly for checking/savings acct. Any suggestions welcome, thanks.

[Buzz123]

Nevada State Bank or Nevada Federal Credit Union. Credit Union is actually best.

[Kalbo]

I recommend Nevada Federal Credit Union if looking for a Nevada based bank.

[owelles]

I favor Nevada State Bank. My employer has a direct deposit arrangement with Nevada Federal Credit Union, and I had planned to have some of each paycheck deducted and deposited directly into an NFCU savings account. But when I went to open the account, I was told that the interest rate was 0.05 percent. Think about that - one/20th of 1 percent, just a blip above nothing. The woman in the new accounts department was very nice but clearly embarrassed that the rate was so low.

Nevada State Bank has totally free checking and plenty of locations. I'm sticking with them.

[MomMom]

Nevada State Bank is one of the oldest banks here in Las Vegas, btw.

[Buzz123]

Originally Posted by owelles

I favor Nevada State Bank. My employer has a direct deposit arrangement with Nevada Federal Credit Union, and I had planned to have some of each paycheck deducted and deposited directly into an NFCU savings account. But when I went to open the account, I was told that the interest rate was 0.05 percent. Think about that - one/20th of 1 percent, just a blip above nothing. The woman in the new accounts department was very nice but clearly embarrassed that the rate was so low.

Nevada State Bank has totally free checking and plenty of locations. I'm sticking with them.

I haven't checked lately what NFCU is paying, but they pay whatever it is on BOTH checking and savings. Isn't 0.05% better than 0%?

I always liked Nevada State Bank, and thought they were the best bank in town. I was with them for many years until my job started offering NFCU direct deposit, etc. Now any Nevada resident can be a member of NFCU, but originally you had to work someplace that had a connection to the Federal government. We had an FCC license at CH-3 so were eligible.

I'm not sure of this, but I think Nevada State Bank is the one that started the check guarantee card with your picture on it, back in about 1969. This was long before the advent of the Auntie M. And being Nevada, that came in really handy when you wanted some cash or to pay by check.

When I moved to Laredo, TX, in 1974, I went to a local bank to open an account and the head dudes there were really interested in the NSB check guarantee card, as they had heard of them, but had never seen one.

We think NFCU has a slight edge over NSB. They both have always been easy to do business with, and are always friendly. NFCU just needs more ATM's.

[airics]

i disagree on NFCU, they will nickle and dime you.. lots of issues if you use the internet to pay bills automatically

[owelles]

Originally Posted by Buzz123

Isn't 0.05% better than 0%?

Of course it is. But it's FAR worse than is offered elsewhere.

[plaster3]

I work for a Nevada-Based bank (I will not name which one), but I believe that you should always go to a bank that can value your relationship rather than being just another account number.

That being said, if the accounts are business related, go to a bank that specializes in community business banking and bring your personal accounts there as well. If this is only for personal banking, go for a bank like Nevada State that has a strong regional owner (they have Zions Bancorp).

For those looking for deposit interest rates and complaining about how low they are, understand that our new account reps are embarrassed because we have to keep them this low at this point. Interest income you receive is an expense we pay. We make that up with interest income (expense to you) that we get from loans. Since the number of current and paying loans, as well as new loans have dropped, expect that many banks will not offer as much in interest bearing accounts.

Hopefully when things pick up and banks need more deposits, you will see an uptick in interest rates. =D

Hope this helps!

[plaster3]

Additionally, I would recommend visiting the FDIC website, FDIC: Federal Deposit Insurance Corporation and checking up on a Bank's "Call/Thrift" Reports. These are "financials" of how a specific bank is doing.

Don't be distraught - every bank is losing money - but the key is to look at a few periods and see how they are trending. Look and see if a bank is getting capital contributions from investors, or if banks are taking any hits. More times than not, a member of senior management will be more than willing to discuss the bank's financial stability if you mention that you've glance at a a Call Report and are worried about the safety of your deposit.

Just some tidbits of information I hope help you!