Posted on April 13, 2012
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Variable Rate IRAs – New Mexico - May 23, 2012
Below are Variable Rate IRA CDs offered from banks that are located in New Mexico. Depending on the type of IRA you have, a variable rate IRA CD offers tax-free or tax-deferred interest. Unlike a Fixed Rate IRA CD, the interest from a VIRA CD can fluctuate depending on market and economic conditions even though the principle is FDIC insured. VIRAs are often preferred when interest rates are expected to rise as the yield on the CD can be adjusted upward over its term. Learn more about the benefits and drawbacks of a Variable Rate IRA CD.
| Bank | APY | Min Bal | Miles | More |
|---|---|---|---|---|
| Citizens Bank | 1.22% | $50 | - | |
| The James Polk Stone Community Bank | 1.20% | $1,000 | - | |
| Tucumcari Federal Savings And Loan Association | 1.20% | $100 | - | |
| Bank Of The West | 1.10% | $100 | - | |
| The Citizens Bank Of Clovis | 1.01% | $50 | - | |
| First New Mexico Bank | 0.85% | $1 | - | |
| Citizens Bank Of Las Cruces | 0.80% | $200 | - | |
| Union Savings Bank | 0.65% | $500 | - | |
| Compass Bank | 0.65% | $1 | - | |
| Century Bank | 0.50% | $100 | - | |
| Western Commerce Bank | 0.50% | $250 | - | |
| Valley Bank Of Commerce | 0.40% | $1,000 | - | |
| The Carlsbad National Bank | 0.40% | $500 | - | |
| Bank Of America, National Association | 0.30% | $1 | - | |
| The First National Bank Of Santa Fe | 0.30% | $100 | - | |
| Vectra Bank Colorado, National Association | 0.25% | $100 | - | |
| First National Bank Texas | 0.20% | $500 | - | |
| First Savings Bank | 0.15% | $1 | - | |
| Los Alamos National Bank | 0.10% | $1 | - | |
| First-citizens Bank & Trust Company | 0.05% | $1 | - | |
| Lea County State Bank | 0.05% | $100 | - | |
| U.s. Bank National Association | 0.05% | $1 | - | |
| Wells Fargo Bank, National Association | 0.05% | $1 | - | |
| International Bank | 0.03% | $10,000 | - |
Banks listed above are FDIC insured. The FDIC insures each named individual's deposits to $250,000. To avoid exceeding FDIC insurance limits, please use the FDIC's EDIE function on its website.
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