New Mexico

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New Mexico Savings Rates

You are viewing savings rates from banks across New Mexico

If you have your savings dollars in a big bank or a bank with low savings rates, then you are losing money. We've found FDIC insured banks that will pay you more. Take a few minutes to explore the options below and see how you can boost your savings by more than 6X the national average rate. There is competition for your money. Take advantage of it!

NM - July 30, 2025

Savings Account National Average Rate: 0.45% ?

Banks APY MIN

Last change: ↑ 4.05% on April 28.

| Mar 28, 2022

Vaporware. Was approved to open an account. I logged in on several different browsers with differing rendering codes--each time got nothing but 3 circles running left to right for up to a half hour when I ... Read More

Online Savings Account. Account is indicated as not currently available to new customers, but bank accepts new customers who sign up to be notified after 1-2 weeks.
Last change: ↓0.15% on March 12.
Rate History: 5.15% → 5.00% → 4.85% → 4.75% → 4.60%

| Oct 29, 2024

Agree with the prior review even though it is 10 years old. It is shady and it doesn't show up on other sites. However, they did pay me 5.30% and although it is recently lowered to 5.15% it is still the b... Read More

Last change: ↓ 0.15% on February 3.

| Jan 22, 2025

It wasn't all smooth. I needed to call, long wait times. In the end, I felt like the beta customer which isn't how you want to feel with a bank. Read More

Rate requires download of bank app and recording of over 12,500 average daily steps (or 10,000 if over age of 65).
Last change: ↓0.20% on February 3.
Rate History: 4.75% → 5.00% → 4.90% → 4.75% → 4.55%

| Oct 11, 2022

Glad to have found this one and thanks to bestcashcow for not hiding the best rates like bankrate does Read More

New money only. Requires Direct Deposit. Account carries a $15 monthly service charge.
Rate History: 5.34% → 4.72% → 4.46%

| Mar 2, 2024

Attracted to the name, but the service had too many steps so I didn't open an account. Read More

Last change: ↓ 0.10% on May 3.

Rate History: 4.75% → 4.35% → 4.54% → 4.44%

| Jan 28, 2025

4.75% is an introductory rate and they are not openly clear about that. Don't expect 4.75% to continue. They are otherwise competitive. Read More

Direct Money Market Account.
Rate History: 4.86% → 4.67% → 4.51% → 4.47% → 4.41%

| Mar 21, 2023

Parent seems to be owned by a large Chilean bank. Not saying this is good or bad, but it is complication, especially in the current environment. Read More

Promotional rate for 3 months up to $11,000. Requires $25,000 in new deposits within 10 days of registration. After 3 month promotional period, rate reverts to between 0.03% and 0.12%.
Rate History: 5.00% → 4.75% → 5.00% → 4.50% → 4.35%

| Feb 25, 2022

I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account. Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary. Accelerate Savings w... Read More

Surge Money Market. Bank reports that this rate is available for new accounts only. External transfers are limited to $5,000/day and are not free.
Rate History: 4.85% → 4.70% → 4.50% → 4.40% → 4.35%

| May 30, 2023

They really do pay this amount, but the account lacks any functionality and they are constantly looking for some sort of add-on fee to enable them to claw back the interest. Any bank with a higher rate an... Read More

High Yield Money Market. External transfers are limited to $30,000 per week.
Rate History: 4.80% → 4.65% → 4.52% → 4.37% → 4.32%

| Sep 30, 2023

CFG overs very competitive Interest rates on their High Yield Savings account. I did everything ONLINE and have not had any issues with their service. Read More

Cornerstone Money Market Account. Bank reports that this account is available to new customers only. Old account holders in the savings product are earning 1.10%.
Rate History: 4.56% → 4.46% → 4.41% → 4.36% → 4.31%

| Dec 21, 2023

Very easy to setup 6 month 5.35% CD from cornerstone account Read More

Performance Savings
Last change: ↓0.10% on January 18.
Rate History: 5.15% → 5.05% → 4.75% → 4.40% → 4.30%

| Mar 20, 2025

A non-customer-friendly organization that just switches between two contaminated brands trying to bring back some sort of goodwill that it had before it started selling fake foreign currency CDs in 2006 an... Read More

Last change: ↓ 0.05% on August 7, 2024.

Rate History: 4.35% → 4.30%

| Jun 30, 2020

I can easily imagine the pain and the trouble Karen went through. I tried and open accounts, too, but when I asked questions on the phone, the customer service person was not very knowledgeable, kind, or p... Read More

External outbound transfers are limited to $25,000 per day.
Last change: ↓0.10% on April 18.
Rate History: 5.00% → 4.90% → 4.50% → 4.40% → 4.30%

| Aug 26, 2022

Too slow to raise rates. Read More

High-Yield Savings Account. Outbound transfers limited to $10,000/day or less.
Last change: ↓0.05% on July 13.
Rate History: 4.50% → 4.40% → 4.35% → 4.30% → 4.25%

| Jul 4, 2025

Bread's current 6-month CD is 4.45%, not 4.35%. Read More

Online Savings Account
Last change: ↓0.15% on May 24.
Rate History: 4.90% → 4.75% → 4.50% → 4.40% → 4.25%

| Nov 18, 2023

bank delayed 1-2days to credit into your account, pay less interest. Read More

Quontic Money Market Account.
Rate History: 4.00% → 4.75% → 4.50% → 4.25% → 4.25%

| Mar 17, 2023

STAY AWAY ! They closed my accounts with no warning. After multiple successful direct deposits and mobile checks deposits, they claimed one of the three checks I deposited a few days ago was fake. No... Read More

Rate History: 4.50% → 4.40% → 4.25% → 4.00% → 4.25%

| Dec 27, 2022

They gave a hard time with their cashier's check. They returned my deposited check that was emitted by them. Could you believe? Read More

Online Savings Account.
Last change: ↓0.35% on December 18, 2024.
Rate History: 5.00% → 5.30% → 5.00% → 4.60% → 4.25%

| Jul 26, 2024

Multiple roadblocks trying to set up a savings account with Ivy Bank and my application was ultimately declined, in spite of my multiple CDs among three banks, stock investments, eleven credit cards, and c... Read More

Growth Savings
Last change: ↓0.35% on January 8.
Rate History: 5.15% → 5.30% → 5.00% → 4.60% → 4.25%

| Jul 26, 2024

Multiple roadblocks trying to set up a savings account with Forbright and my application was ultimately declined, in spite of my multiple CDs among three banks, stock investments, eleven credit cards, and ... Read More

Last change: ↓ 0.20% on February 17.

Rate History: 4.45% → 4.45% → 4.25%

| Jul 1, 2022

not really an onllne bank. compare this interface that gives you no information with that of any other bank (I cannot even confirm the rate). cannot switch in and out of cds or np cds. just not an online b... Read More

Money Market Account. Bank does not offer ACH processing; customers need to initiate ACH externally.
Rate History: 5.00% → 4.75% → 4.50% → 4.25%

| Dec 12, 2022

Developed buyers remorse after they stopped raising the rate and switched to Brilliant. Read More

LevelUp Savings Account. Requires direct deposit of at least $250/month. Bank's standard online savings rate is 3.40% APY.
Last change: ↓0.20% on July 15.
Rate History: 5.00% → 4.75% → 4.50% → 4.40% → 4.20%

| Nov 12, 2022

I was shopping for deposit rates in August, and NerdWallet, a site I had previously trusted, had it on their list. I was unaware they took deposits. They are the only bank that ever duplicated a transactio... Read More

Last change: ↓ 0.15% on April 18.

Rate History: 4.65% → 4.65% → 4.50% → 4.35% → 4.20%

| Apr 20, 2024

Save your tears for another day. Very frustrating. 1-star. Read More

Last change: ↓ 0.30% on March 12.

Rate History: 5.25% → 5.05% → 4.80% → 4.50% → 4.20%

| Jul 26, 2024

Multiple roadblocks trying to set up a savings account with Jenius Bank and my application was ultimately declined, in spite of my multiple CDs among three banks, stock investments, eleven credit cards, an... Read More

Online Savings Account.
Last change: ↓0.15% on July 21.
Rate History: 4.75% → 4.70% → 4.35% → 4.20%

| Apr 7, 2023

Good luck deploying those high yield savings into profitable investments. It’s always a bad strategy … unbridled growth using volatile deposits forcing them to go out on the risk spectrum to make a dec... Read More

High Yield Savings Account.
Last change: ↓0.11% on July 15.
Rate History: 5.02% → 4.52% → 4.37% → 4.26% → 4.15%

| Mar 19, 2022

Problem with ties to puppy mills. I closed a cct. https://www.americanbanker.com/news/tab-bank-dragged-into-seedy-world-of-puppy-mill-loans-by-fintech-partner Read More

Rate History: 4.00% → 2.51% → 5.25% → 5.00%

| Jul 1, 2022

Very easy opening process and wonderful staff. Read More

Rate History: 4.90% → 4.75% → 4.55% → 4.20% → 4.10%

| Feb 15, 2024

I have always had great experiences with short-term CDs from this bank. No delays. Read More

Last change: ↓ 0.30% on December 9, 2024.

Rate History: 4.50% → 4.00% → 3.45% → 4.40% → 4.10%

| Jan 18, 2024

Hi, We've noticed your website is at risk due to spammy comments and contact form submissions, making it susceptible to issues like spammy backlinks and data breaches. Don't worry—there's a simple sol... Read More

Direct Savings. Bank reports that this rate is available for new accounts only.
Last change: ↓0.05% on April 4.
Rate History: 4.40% → 4.30% → 4.20% → 4.10% → 4.05%

| Dec 18, 2023

I submitted a CD application 18 months 5.50 APY over a week ago and my application was declined no reason was given, I have the funds in another bank for transfer, credit score over 800. I think the reason... Read More

Personal Savings Account.
Last change: ↓0.10% on June 24.
Rate History: 4.50% → 4.15% → 4.05%

| May 6, 2023

Fully functional bank account that would be great for my needs, but the quarterly interest payment thing is a real nuisance. I wish they would change it. It isn't market. Read More

Rate History: 4.65% → 4.75% → 4.25% → 4.05%

| Apr 25, 2022

We would not be having all this trouble with people sealing money out of other people's bank accounts if we were to just stop using fancy banking like onlinebanki Read More

Jumbo Savings.
Last change: ↓0.10% on April 18.
Rate History: 4.60% → 4.50% → 4.25% → 4.15% → 4.05%

| Jul 17, 2021

I've been with this bank for 6 months and have not had any problems. Bill pay works good. The 24 month investing CD is another vechile I use. Rates are above average considering the national rate. I'd reco... Read More

CIBC Agility Savings Account.
Last change: ↓0.09% on July 15.
Rate History: 4.38% → 4.28% → 4.21% → 4.11% → 4.02%

| Jul 23, 2023

easy to work with but the rate isn't competitive. not even the leading savings rate banks are competitive versus short us treasuries. Read More

Bank reports that this rate is for new customers only. Bank also charges ACH transfer fees and routinely lowers rates for existing customers below those advertised.
Last change: ↓0.24% on January 18.
Rate History: 5.01% → 4.41% → 4.50% → 4.25% → 4.01%

| Dec 8, 2020

Everyone here in Boston raves about Salem Five but it is shithole operation filled with nasty entitled people. As for this online savings product, the fees are ridiculous, the transfer charges are obnoxiou... Read More

UFB High Yield Savings. Bank reports that this rate is for new customers only.
Rate History: 4.83% → 4.57% → 4.31% → 4.01% → 4.01%

| Jul 18, 2023

I got into this one back in early April for the rate. It was the first to hit 5%. I put up with all sorts of annoying thing getting the account funded (including a 5-day wait period during which they had... Read More

Last change: ↓ 0.25% on January 18.

Rate History: 5.00% → 4.85% → 4.25% → 4.00%

| Jun 13, 2023

I'll steer clear of Dollar Savings Direct and My Savings Direct until they guarantee users at both online divisions their best rates. Banks have the right to segment their customers yes, but these games w... Read More

eMoneyMarket Special. Bank reports that rate is extended for new money only.
Rate History: 5.25% → 4.75% → 4.50% → 4.25% → 4.00%

| Dec 22, 2018

I know VirtualBank has monitored these comments in the past and answered here. This is important because they do not respond to questions submitted through the website. I am trying to find out the pena... Read More

Platinum Savings. Bank reports that this rate is available for new accounts only.
Last change: ↓0.10% on July 7.
Rate History: 4.55% → 4.35% → 4.30% → 4.10% → 4.00%

| Jun 2, 2022

I've been a customer since CIT emerged from the financial crisis as a real competitor in this space (14 years or so). Zero complaints about anything over this time ... until today. Now they are offering a... Read More

Money Market Premier. Bank reports that this rate is for new customers only.
Rate History: 4.85% → 4.75% → 4.50% → 4.25% → 4.00%

| Jul 6, 2023

This is an example of a bad bank. Their online process for purchasing a CD is horrible. You fill it out and it rejects it after all of your private information is disclosed. They there customer service is ... Read More

Last change: ↓ 0.10% on January 2.

Rate History: 4.50% → 4.25% → 4.10% → 4.00%

| Jan 10, 2024

Account was frozen (over 400K) after they confused our account with another account / person whose name was not even very similar. We were treated like dirt after 12 years and "Guilty until Innocent". I ha... Read More

Performance Money Market
Rate History: 4.30% → 4.20% → 4.30% → 4.00%

| Mar 20, 2025

A non-customer-friendly organization that just switches between two contaminated brands trying to bring back some sort of goodwill that it had before it started selling fake foreign currency CDs in 2006 an... Read More

Rate History: 1.35% → 5.25% → 4.75% → 4.50% → 4.00%

| Dec 27, 2022

They gave a hard time with their cashier's check. They returned my deposited check that was emitted by them. Could you believe? Read More

Rate History: 3.98% → 3.96%

| Jul 17, 2021

I've been with this bank for 6 months and have not had any problems. Bill pay works good. The 24 month investing CD is another vechile I use. Rates are above average considering the national rate. I'd reco... Read More

Last change: ↓ 0.10% on April 4.

Rate History: 4.20% → 4.10% → 4.25% → 4.00% → 3.90%

| May 2, 2022

Barclays is the worst. Transfer speeds even worse than Synchrony now. Service is worse than anything. Save yourself the trouble of getting sucked into rates that are sometimes competitive and choose anythi... Read More

Rate History: 4.75% → 3.90%

Rate History: 4.45% → 4.20% → 4.00% → 3.90%

| Mar 14, 2018

Poor service. Condescending attitude. Savings application denied without giving reason (Equifax file had a freeze because of hacking history) and not advising customer of need to unfreeze credit file for a... Read More

Last change: ↓ 0.20% on February 6.

Rate History: 4.00% → 4.25% → 4.10% → 3.90%

| Aug 2, 2023

Sallie mae is just a horrible institution. We've done business with them before and swore on the holy bible not to go near there again, but a 18 mos cd at 5.55% brought us back. Read More

Rate History: 4.20% → 4.10% → 4.10% → 3.90% → 3.85%

| Aug 2, 2023

Sallie mae is just a horrible institution. We've done business with them before and swore on the holy bible not to go near there again, but a 18 mos cd at 5.55% brought us back. Read More

Online Savings
Last change: ↓0.15% on January 4.
Rate History: 4.25% → 4.50% → 4.25% → 4.00% → 3.85%

| Mar 17, 2023

STAY AWAY ! They closed my accounts with no warning. After multiple successful direct deposits and mobile checks deposits, they claimed one of the three checks I deposited a few days ago was fake. No... Read More

Last change: ↑ 1.81% on February 4.

| Mar 2, 2024

Attracted to the name, but the service had too many steps so I didn't open an account. Read More

Last change: ↓ 0.21% on March 24.

Rate History: 4.28% → 4.60% → 4.01% → 3.80%

| Jun 12, 2022

I have a small question Read More

Last change: ↓ 0.20% on January 25.

Rate History: 4.30% → 4.30% → 4.20% → 4.00% → 3.80%

| May 17, 2022

Not what it seems. Avoid! Read More

External transfers may take up to 3 business days and may be limited to $25,000/day.
Last change: ↓0.20% on June 4.
Rate History: 4.50% → 4.30% → 4.10% → 4.00% → 3.80%

| Oct 23, 2023

Synchrony Bank recently closed 3 of my accounts with them and this decision was completely unwarranted. I had two Guitar Center cards and one Levin Furniture card. I found out about this through a push not... Read More

High-Yield Savings Account.
Last change: ↓0.20% on February 24.
Rate History: 4.80% → 4.50% → 4.15% → 4.00% → 3.80%

| May 8, 2023

STAY BELOW FDIC limits. This is a desperate product unleashed from a distressed bank! Read More

MySavings Account.
Last change: ↓0.35% on May 19.
Rate History: 4.35% → 4.10% → 3.75%

| Apr 25, 2023

with all of these online bank, including the well known ones, delaying transfers forever in order to fund these high rates, this one still executes inbound and outbound transfers immediately. Read More

Online transfers limited to $1,500 per day and $10,000 per month.
Last change: ↓1.00% on December 19, 2024.
Rate History: 4.75% → 4.00% → 4.80% → 4.75% → 3.75%

| Sep 18, 2023

I agree with another user, this bank is very poorly put together, and may very well be an operation in large part used to extract and sell people's personal information. I called customer service and had ... Read More

Last change: ↓ 0.45% on December 23, 2024.

Rate History: 4.15% → 3.70%

| Nov 18, 2023

bad bank hold your deposit over months without credit in your account, no interest, they don’t want pay you interest , they want your money with 0% interest. Read More

Rate History: 4.50% → 4.15% → 3.90% → 3.70%

| Mar 20, 2016

Good solid bank. Read More

Rate History: 4.00% → 3.70%

| May 19, 2018

Experience Read More

Last change: ↓ 0.10% on May 29.

Rate History: 4.25% → 4.10% → 3.90% → 3.75% → 3.65%

| Feb 15, 2024

best bank on the list but no longer the most competitive Read More

Rate History: 3.76% → 3.77% → 3.77% → 3.61%

| Jan 30, 2024

Have an IRA rollover, they don't take IRAs any longer. Read More

Last change: ↓ 0.10% on May 16.

Rate History: 4.00% → 3.90% → 3.75% → 3.70% → 3.60%

| Jan 10, 2024

AVOID at all costs. We read the addendum to the final page of the LENGTHY account agreement mailed to us after completing the online portion. Guess what? It gives this sweet seeming Discover Bank access to... Read More

Rate History: 4.10% → 4.00% → 3.90% → 3.80% → 3.60%

| Jan 2, 2024

Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More

Last change: ↓ 0.10% on April 25.

Rate History: 4.30% → 4.10% → 4.00% → 3.70% → 3.60%

| Jun 10, 2024

I guess customer service is in the US (not sure). I'd rather that someone in the Philippines answered though. These people are so poorly trained and ill informed that I do not trust them with my personal... Read More

Rate History: 1.50% → 3.56%

| Jul 28, 2020

Dropped rates again with restrictive transfer limits and poor service. Better rates and liquidity elsewhere. Beware!!! Read More

360 Performance Savings Account. Rate available for new account holders only.
Last change: ↓0.10% on July 2.
Rate History: 3.90% → 3.80% → 3.70% → 3.60% → 3.50%

| Mar 15, 2023

Thank you for the reviews above. I was wondering why I was only getting 0.3% when interest rates have gone up. Why CapitalOne360 is putting loyal and long time customers at a disadvantage is beyond me. ... Read More

Last change: ↓ 0.10% on July 23.

Rate History: 4.00% → 3.80% → 3.70% → 3.60% → 3.50%

| Aug 31, 2022

never had a problem moving money in/out. After trying a couple banks with higher rates but less service will be moving my money back here. Read More

Online Money Market Account. Ally's Online Savings account rate is only 3.75% APY.
Rate History: 3.80% → 3.70% → 3.60% → 3.60% → 3.50%

| Aug 13, 2023

Been a customer for a couple of years now with interesting checking, been a happy customer. They give you a $10 reimbursement on atm fees per statement cycle. They pay you to leave your money there curre... Read More

Not available to residents of states with PNC branch locations.
Rate History: 4.65% → 3.50% → 3.50%

| Jun 29, 2023

$10K monthly transfer limit. No thanks Read More

Rate History: 4.10% → 3.50%

| Jun 12, 2023

US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More

| Oct 11, 2020

You probably thought - as did I - that you were looking at a site that belongs to and was the responsibility of Gateway First. After all it includes their headings, selected financial statements, many pag... Read More

Last change: ↓ 0.25% on May 16.

Rate History: 4.25% → 4.25% → 3.90% → 3.60% → 3.35%

| Mar 14, 2018

Poor service. Condescending attitude. Savings application denied without giving reason (Equifax file had a freeze because of hacking history) and not advising customer of need to unfreeze credit file for a... Read More

Rate History: 3.75% → 3.25%

Rate History: 1.00% → 3.00%

| Mar 20, 2016

Good solid bank. Read More

Rate History: 4.25% → 3.75% → 3.35% → 3.00%

2.60%

$250

Learn More

Rate History: 2.50% → 3.00% → 2.53%

| May 21, 2021

avoid this Read More

| Nov 12, 2023

Finworth looks legit, but their online disclosures and incomplete and you cannot reach them by phone and they don't respond to inquiries. I am moving along and you should too. Read More

| Jun 1, 2021

Update: STAY AWAY FROM THIS BANK! They have no clue how to run an online bank. This bank is not ready for prime time. Nothing but problems. Customer service is dismal at best. Read More

Rate History: 0.15% → 2.53%

| Jul 7, 2022

Insbank 1 yr is 1.5 % 18month is 1.6% 7-7-2022 Read More

| Jan 2, 2024

Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More

Rate History: 3.56% → 2.78% → 2.27%

| Feb 7, 2020

I contacted the massage bank and they are not offering 2.02 it’s 1.10 Read More

Last change: ↓ 0.35% on October 11, 2024.

Rate History: 2.60% → 2.25%

| Jun 26, 2022

ACH transfers are not allowed. Called and was told that I had to set up wire transfers (and pay fees) or I could come in to the bank and get a bank check. Read More

Last change: ↓ 0.25% on April 9.

Rate History: 2.75% → 2.50% → 2.25%

| Sep 28, 2016

After looking around, looks like AlaskaUSA has the better current rate of 2 percent for 5 years. A little more can be obtained at Discover/AAA for a 10 year CD. Read More

| Oct 23, 2023

Synchrony Bank recently closed 3 of my accounts with them and this decision was completely unwarranted. I had two Guitar Center cards and one Levin Furniture card. I found out about this through a push not... Read More

| Jun 2, 2022

I've been a customer since CIT emerged from the financial crisis as a real competitor in this space (14 years or so). Zero complaints about anything over this time ... until today. Now they are offering a... Read More

| Oct 11, 2020

You probably thought - as did I - that you were looking at a site that belongs to and was the responsibility of Gateway First. After all it includes their headings, selected financial statements, many pag... Read More

Rate History: 2.02% → 1.46%

Rate History: 1.00% → 1.50% → 1.25%

| May 29, 2020

Dua Read More

Last change: ↑ 0.09% on February 13, 2023.

| Dec 21, 2023

Very easy to setup 6 month 5.35% CD from cornerstone account Read More

Rate History: 1.50% → 1.45% → 1.10%

| Nov 28, 2022

While USAA was at one point a great option for all your banking needs, the service has deteriorated so much that I'm currently in the process of changing banks after more than 2 decades. The final straw w... Read More

Rate History: 1.01% → 1.02% → 1.01%

| Feb 6, 2023

after over 100k in transactions through this bank in the course of a year not only did i suffer from fraud but this bank closed my accounts and i have been lliable for all the losses and to top it off with... Read More

Rate History: 1.15% → 1.10% → 1.06% → 0.95% → 0.90%

| May 26, 2017

Before009 Read More

Last change: ↓ 0.01% on July 28.

Rate History: 1.00% → 0.81% → 0.80%

| Jan 30, 2024

Have an IRA rollover, they don't take IRAs any longer. Read More

Last change: ↓ 0.66% on May 16.

Rate History: 1.60% → 1.50% → 1.45% → 0.79%

| Feb 24, 2020

I had been with USAA for 20 years. Had my checking, savings, auto and renters insurance and 2 credit cards with them. I work in the service industry and make a good portion of my income in cash tips. For 4... Read More

Rate History: 1.51% → 1.00% → 0.75%

| Feb 7, 2020

I contacted the massage bank and they are not offering 2.02 it’s 1.10 Read More

0.55%

$2,500

Learn More

Last change: ↑ 0.25% on August 5, 2024.

Rate History: 0.55% → 0.50%

| May 29, 2020

Dua Read More

0.45%

$2,500

Learn More

Inbound transfers limited to $25,000/day and $100,000/month.

| Aug 28, 2022

Rates are totally uncompetitive now. Read More

| Jun 28, 2017

showmefivethousanddollars Read More

| Oct 11, 2017

Our experience was the worst. Our mortgage loan officer was Kathy Funke. That lady was so messed up. She literally drained my savings account to a negative status that I had to take a personal loan from a ... Read More

0.30%

$2,500

Learn More

| Mar 28, 2022

Vaporware. Was approved to open an account. I logged in on several different browsers with differing rendering codes--each time got nothing but 3 circles running left to right for up to a half hour when I ... Read More

| Aug 13, 2019

I filled out the application 10 days ago answering all questions and sent a file with a copy of my drivers license to Western Bank. I received an email saying that a banker would call me within one busines... Read More

| Mar 19, 2022

Problem with ties to puppy mills. I closed a cct. https://www.americanbanker.com/news/tab-bank-dragged-into-seedy-world-of-puppy-mill-loans-by-fintech-partner Read More

| Mar 28, 2023

On line banking gives a confirmation number when paying bills. But it doesn’t confirm that the bill will be paid only that they have the information. Ridiculous. Read More

Rate History: 4.25% → 4.16% → 4.25% → 3.75% → 0.25%

| Jun 12, 2023

US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More

0.25%

$100

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0.25%

$10,000

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0.25%

$25,000

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0.25%

$25,000

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| Oct 11, 2017

Our experience was the worst. Our mortgage loan officer was Kathy Funke. That lady was so messed up. She literally drained my savings account to a negative status that I had to take a personal loan from a ... Read More

0.24%

$25,000

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0.22%

$10,000

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0.20%

$0

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0.20%

$25,000

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0.20%

$10,000

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0.20%

$2,500

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0.20%

$2,500

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0.20%

$2,500

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0.17%

$2,500

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Last change: ↓ 0.10% on December 6, 2024.

Rate History: 0.48% → 0.25% → 0.15%

| Feb 12, 2020

WILL YOU CASH MY EE SAVINGS BONDS? PLEASE ADVSE. Read More

Last change: ↓ 0.30% on June 30, 2023.

| Apr 30, 2019

No issues. I feel confident using them. Read More

0.15%

$1,000

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0.15%

$2,500

Learn More

0.15%

$2,500

Learn More

| Apr 18, 2023

Worst bank ever!!!!!! If your an independent and not a commercial customer they don’t take care of you…..my family has been with LCSB for years and of course it is mostly commercial with my family memb... Read More

0.15%

$2,500

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0.15%

$25,000

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0.15%

$2,500

Learn More

0.15%

$2,500

Learn More

| Jun 28, 2017

showmefivethousanddollars Read More

0.15%

$10,000

Learn More

| Oct 11, 2017

Our experience was the worst. Our mortgage loan officer was Kathy Funke. That lady was so messed up. She literally drained my savings account to a negative status that I had to take a personal loan from a ... Read More

0.15%

$2,500

Learn More

0.15%

$2,500

Learn More

Rate not available in all states.

| May 21, 2018

I wish I had never heard of or seen BBVA. It has been a disaster. Came to this site to find something else. Read More

0.13%

$200

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0.11%

$2,500

Learn More

Last change: ↓ 0.05% on September 22, 2024.

Rate History: 0.25% → 0.20% → 0.15% → 0.10%

| May 26, 2017

Before009 Read More

Last change: ↑ 0.07% on March 26, 2024.

Rate History: 0.03% → 0.10%

Rate History: 0.15% → 0.10%

| Jun 30, 2019

agree....finally did get thru though Read More

Last change: ↑ 0.07% on March 26, 2024.

Rate History: 0.03% → 0.10%

| Feb 25, 2023

I have been working for this company more than 5 years. I would not recommend any investment with First Citizens Bank. They are the worst performer on the market based on the customer and employee reviews... Read More

| Sep 28, 2016

After looking around, looks like AlaskaUSA has the better current rate of 2 percent for 5 years. A little more can be obtained at Discover/AAA for a 10 year CD. Read More

Rate History: 0.20% → 0.10%

| May 29, 2020

Dua Read More

| Apr 30, 2019

No issues. I feel confident using them. Read More

Last change: ↑ 0.10% on May 11, 2023.

Last change: ↓ 0.90% on June 13, 2024.

| May 21, 2021

avoid this Read More

0.10%

$2,500

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0.10%

$2,500

Learn More

0.10%

$2,500

Learn More

| Apr 18, 2023

Worst bank ever!!!!!! If your an independent and not a commercial customer they don’t take care of you…..my family has been with LCSB for years and of course it is mostly commercial with my family memb... Read More

0.10%

$25,000

Learn More

0.10%

$2,500

Learn More

0.10%

$2,500

Learn More

| Apr 9, 2020

I would stay away from this bank. It was much better run when it was Valley Community Bank, but went into the toilet when it was bought by Bay Commercial Bank. Their online banking terms and conditions cha... Read More

0.10%

$2,500

Learn More

| Jun 28, 2017

showmefivethousanddollars Read More

0.10%

$2,500

Learn More

0.10%

$2,500

Learn More

0.10%

$25,000

Learn More

| Oct 11, 2017

Our experience was the worst. Our mortgage loan officer was Kathy Funke. That lady was so messed up. She literally drained my savings account to a negative status that I had to take a personal loan from a ... Read More

0.10%

$2,500

Learn More

0.09%

$2,500

Learn More

0.08%

$2,500

Learn More

0.08%

$2,500

Learn More

0.08%

$25,000

Learn More

0.08%

$25,000

Learn More

| Feb 25, 2023

I have been working for this company more than 5 years. I would not recommend any investment with First Citizens Bank. They are the worst performer on the market based on the customer and employee reviews... Read More

0.07%

$10,000

Learn More

0.06%

$10,000

Learn More

0.06%

$2,500

Learn More

Rate History: 1.00% → 0.10% → 0.05%

| Jun 30, 2019

agree....finally did get thru though Read More

0.05%

$2,500

Learn More

| Feb 26, 2020

Recently closed my accounts with Citizens. Front line tellers very discourteous. Most of my transactions were deposits however, each check I tried to deposit required 2nd and supervisor approval. Not askin... Read More

0.05%

$25,000

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0.05%

$2,500

Learn More

| Sep 21, 2020

I am fed up with how poorly this bank is run. I have made deposit and given a receipt with the wrong amount more than once. I have received other customer's cancelled checks. The online bank site is a mess... Read More

0.05%

$2,500

Learn More

| Nov 9, 2023

Unhappy with ATM on Southside. I.bank with wafd they closed. Told wsfd customers can get cash with card. Employees are very nosy with slanderous gossip. I'm treated like a criminal. That why I don't use i... Read More

| Apr 9, 2020

I would stay away from this bank. It was much better run when it was Valley Community Bank, but went into the toilet when it was bought by Bay Commercial Bank. Their online banking terms and conditions cha... Read More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

0.05%

$2,500

Learn More

| Apr 18, 2023

Worst bank ever!!!!!! If your an independent and not a commercial customer they don’t take care of you…..my family has been with LCSB for years and of course it is mostly commercial with my family memb... Read More

| Jul 24, 2023

BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... Read More

0.04%

$25,000

Learn More

| Feb 26, 2020

Recently closed my accounts with Citizens. Front line tellers very discourteous. Most of my transactions were deposits however, each check I tried to deposit required 2nd and supervisor approval. Not askin... Read More

| Aug 30, 2017

Excellent bank with a friendly helpful staff Read More

0.03%

$2,500

Learn More

Rate History: 1.00% → 0.05% → 0.02%

| May 18, 2019

Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More

| Jan 2, 2023

Terrible customer service by investment side. Fees too high , too full of themselves Read More

| Nov 9, 2023

Unhappy with ATM on Southside. I.bank with wafd they closed. Told wsfd customers can get cash with card. Employees are very nosy with slanderous gossip. I'm treated like a criminal. That why I don't use i... Read More

Rate History: 0.03% → 0.01%

| May 18, 2019

Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More

| Mar 28, 2023

On line banking gives a confirmation number when paying bills. But it doesn’t confirm that the bill will be paid only that they have the information. Ridiculous. Read More

0.01%

$2,500

Learn More

0.01%

$2,500

Learn More

| Aug 30, 2017

Excellent bank with a friendly helpful staff Read More

All rates listed are Annual Percentage Yield (APY). The APY rate in a savings account or money market account is a variable rate that is subject to change at any point. The Min listed is the minimum deposit account balance required to obtain the rate listed.


Branches Info across New Mexico


Branch Street City State
U.S. Bank National Association
Las Cruces University Avenue Branch
901 E. University Avenue, Suite Q Las Cruces NM
Bank of Colorado
Gallup Main Branch
107 East Aztec Avenue Gallup NM
Zions Bank
Farmington Nm Br Branch
2000 East 20th Street Farmington NM
Bank of Colorado
Gallup Main Branch
107 East Aztec Avenue Gallup NM
Washington Federal Bank
Saint Michael's Branch
809 Saint Michaels Drive Santa Fe NM
Zions Bank
Farmington Nm Br Branch
2000 East 20th Street Farmington NM
Zions Bank
Farmington Nm Br Branch
2000 East 20th Street Farmington NM
Washington Federal Bank
Saint Michael's Branch
809 Saint Michaels Drive Santa Fe NM
Zions Bank
Farmington Nm Br Branch
2000 East 20th Street Farmington NM
BOKF, National Association
Wyoming & Carmel Branch
8221 Wyoming Boulevard Ne Albuquerque NM
Wells Fargo Bank, National Association
Shiprock Branch
Us Highway 491 North Shiprock NM
BOKF, National Association
Wyoming & Carmel Branch
8221 Wyoming Boulevard Ne Albuquerque NM
Bank of Colorado
Gallup Main Branch
107 East Aztec Avenue Gallup NM
BOKF, National Association
Wyoming & Carmel Branch
8221 Wyoming Boulevard Ne Albuquerque NM
Zions Bank
Farmington Nm Br Branch
2000 East 20th Street Farmington NM
Bank of Colorado
Gallup Main Branch
107 East Aztec Avenue Gallup NM
BOKF, National Association
Wyoming & Carmel Branch
8221 Wyoming Boulevard Ne Albuquerque NM
Zions Bank
Farmington Nm Br Branch
2000 East 20th Street Farmington NM
Citizens Bank
Tucumcari Branch
211 East Main Street Tucumcari NM
Tucumcari Federal Savings and Loan Association
Tucumcari Federal Savings And Loan A Branch
301 S First St Tucumcari NM
BOKF, National Association
Wyoming & Carmel Branch
8221 Wyoming Boulevard Ne Albuquerque NM
Tucumcari Federal Savings and Loan Association
Tucumcari Federal Savings And Loan A Branch
301 S First St Tucumcari NM
First Savings Bank
T Or C Branch
915 N. Date St Truth Or Consequences NM
Southwest Heritage Bank
Bank 34 Branch
500 10th Street Alamogordo NM
Washington Federal Bank
Saint Michael's Branch
809 Saint Michaels Drive Santa Fe NM
The Citizens Bank of Clovis
Clovis Branch
Main Street And Commerce Way Clovis NM
U.S. Bank National Association
Las Cruces University Avenue Branch
901 E. University Avenue, Suite Q Las Cruces NM
WestStar Bank
Las Cruces Branch
555 South Telshor Blvd., Suite 100a Las Cruces NM
American Heritage Bank
Melrose Branch
400 East Denby Street Melrose NM
Main Bank
Main Bank Branch
7300 Menaul Blvd, Ne Albuquerque NM
First National Bank
Cloudcroft Branch
North Burro Avenue Cloudcroft NM
Southwest Heritage Bank
Bank 34 Branch
500 10th Street Alamogordo NM
NBH Bank
Plaza Branch
219 Paseo Del Pueblo Norte Taos NM
Main Bank
Main Bank Branch
7300 Menaul Blvd, Ne Albuquerque NM
City Bank
Midtown Branch
1850 Sudderth Drive Ruidoso NM
Citizens Bank
Tucumcari Branch
211 East Main Street Tucumcari NM
The Citizens Bank of Clovis
Clovis Branch
Main Street And Commerce Way Clovis NM
American Heritage Bank
Melrose Branch
400 East Denby Street Melrose NM
Main Bank
Main Bank Branch
7300 Menaul Blvd, Ne Albuquerque NM
First American Bank
Hurley Branch
512 Carrasco Avenue Hurley NM
Zions Bank
Farmington Nm Br Branch
2000 East 20th Street Farmington NM
First American Bank
Hurley Branch
512 Carrasco Avenue Hurley NM
Zions Bank
Farmington Nm Br Branch
2000 East 20th Street Farmington NM
Washington Federal Bank
Saint Michael's Branch
809 Saint Michaels Drive Santa Fe NM
Western Commerce Bank
North Canal Branch
501 North Canal Street Carlsbad NM
First New Mexico Bank
First New Mexico Bank Branch
300 South Gold Avenue Deming NM
City Bank
Midtown Branch
1850 Sudderth Drive Ruidoso NM
Lea County State Bank
North Grimes Branch
3927 North Grimes Hobbs NM
Bank of the Southwest
Kirtland Branch
2 County Road 6500 Kirtland NM
Southwest Capital Bank
Hot Springs Branch
Valencia Avenue And Hot Springs Blvd Las Vegas NM
The Citizens Bank of Clovis
Clovis Branch
Main Street And Commerce Way Clovis NM
The Bank of Clovis
The Bank Of Clovis Branch
300 Main Street Clovis NM
First Savings Bank
T Or C Branch
915 N. Date St Truth Or Consequences NM
First National Bank
Cloudcroft Branch
North Burro Avenue Cloudcroft NM
Southwest Heritage Bank
Bank 34 Branch
500 10th Street Alamogordo NM
First New Mexico Bank, Las Cruces
Anthony Branch
455 Landers Rd. Anthony NM
Western Bank
Western Bank, Artesia, New Mexico Branch
320 West Texas Avenue Artesia NM
Western Commerce Bank
North Canal Branch
501 North Canal Street Carlsbad NM
First New Mexico Bank of Silver City
First New Mexico Bank Of Silver City Branch
1928 Hwy 180 East Silver City NM
First-Citizens Bank & Trust Company
Albuquerque Branch
7300 Jefferson Street Northeast Albuquerque NM
Washington Federal Bank
Saint Michael's Branch
809 Saint Michaels Drive Santa Fe NM
BOKF, National Association
Wyoming & Carmel Branch
8221 Wyoming Boulevard Ne Albuquerque NM
Western Commerce Bank
North Canal Branch
501 North Canal Street Carlsbad NM
First New Mexico Bank
First New Mexico Bank Branch
300 South Gold Avenue Deming NM
City Bank
Midtown Branch
1850 Sudderth Drive Ruidoso NM
Lea County State Bank
North Grimes Branch
3927 North Grimes Hobbs NM
First National Bank Texas
Swm - Rio Rancho Banking Center - Rc Branch
901 Unser Blvd Se Rio Rancho NM
Southwest Capital Bank
Hot Springs Branch
Valencia Avenue And Hot Springs Blvd Las Vegas NM
The Bank of Clovis
The Bank Of Clovis Branch
300 Main Street Clovis NM
United Business Bank
Albuquerque Br Branch
1500 Mercantile Ave, Ne Albuquerque NM
Main Bank
Main Bank Branch
7300 Menaul Blvd, Ne Albuquerque NM
First Savings Bank
T Or C Branch
915 N. Date St Truth Or Consequences NM
First American Bank
Hurley Branch
512 Carrasco Avenue Hurley NM
First National Bank
Cloudcroft Branch
North Burro Avenue Cloudcroft NM
Valley Bank of Commerce
Valley Bank Of Commerce Branch
217 West 2nd Street Roswell NM
Southwest Heritage Bank
Bank 34 Branch
500 10th Street Alamogordo NM
Western Bank
Western Bank, Artesia, New Mexico Branch
320 West Texas Avenue Artesia NM
NBH Bank
Plaza Branch
219 Paseo Del Pueblo Norte Taos NM
First National Bank Texas
Swm - Rio Rancho Banking Center - Rc Branch
901 Unser Blvd Se Rio Rancho NM
Southwest Capital Bank
Hot Springs Branch
Valencia Avenue And Hot Springs Blvd Las Vegas NM
First New Mexico Bank of Silver City
First New Mexico Bank Of Silver City Branch
1928 Hwy 180 East Silver City NM
First New Mexico Bank, Las Cruces
Anthony Branch
455 Landers Rd. Anthony NM
First-Citizens Bank & Trust Company
Albuquerque Branch
7300 Jefferson Street Northeast Albuquerque NM
Western Bank
Main Street Branch
711 Main Street Lordsburg NM
WestStar Bank
Las Cruces Branch
555 South Telshor Blvd., Suite 100a Las Cruces NM
First New Mexico Bank, Las Cruces
Anthony Branch
455 Landers Rd. Anthony NM
U.S. Bank National Association
Las Cruces University Avenue Branch
901 E. University Avenue, Suite Q Las Cruces NM
NBH Bank
Plaza Branch
219 Paseo Del Pueblo Norte Taos NM
Citizens Bank of Las Cruces
Citizens Bank Of Las Cruces Branch
505 S. Main Street Las Cruces NM
Centinel Bank of Taos
Northside Branch
707 Paseo Del Pueblo Norte Taos NM
Century Bank
Albuquerque Branch
8220 San Pedro Drive Ne, Suite 200 Albuquerque NM
Four Corners Community Bank
East Main Street Branch
5900 E. Main Street Farmington NM
First National Bank Texas
Swm - Rio Rancho Banking Center - Rc Branch
901 Unser Blvd Se Rio Rancho NM
InBank
Cimarron Branch
31062 Highway 64 Cimarron NM
United Business Bank
Albuquerque Br Branch
1500 Mercantile Ave, Ne Albuquerque NM
First New Mexico Bank of Silver City
First New Mexico Bank Of Silver City Branch
1928 Hwy 180 East Silver City NM
Western Bank
Main Street Branch
711 Main Street Lordsburg NM
First American Bank
Hurley Branch
512 Carrasco Avenue Hurley NM
Valley Bank of Commerce
Valley Bank Of Commerce Branch
217 West 2nd Street Roswell NM
Lea County State Bank
North Grimes Branch
3927 North Grimes Hobbs NM
Bank of America, National Association
Journal Center Branch
7644 Jefferson Street, N.E. Albuquerque NM
Pioneer Bank
University Avenue Branch
705 East University Avenue Las Cruces NM
Citizens Bank of Las Cruces
Citizens Bank Of Las Cruces Branch
505 S. Main Street Las Cruces NM
Pioneer Bank
University Avenue Branch
705 East University Avenue Las Cruces NM
InBank
Cimarron Branch
31062 Highway 64 Cimarron NM
Wells Fargo Bank, National Association
Shiprock Branch
Us Highway 491 North Shiprock NM
Centinel Bank of Taos
Northside Branch
707 Paseo Del Pueblo Norte Taos NM
The James Polk Stone Community Bank
James Polk Stone Community Bank-Clov Branch
901 Colonial Pkwy Clovis NM


BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

NEW-MEXICO SAVINGS ACCOUNT ENVIRONMENT


New Mexico is considered a competitive market for savings products. There are several financial institutions, including national banks, local banks, credit unions, and online banks, that offer a variety of savings accounts and products in the state. These institutions often compete by offering competitive interest rates, account features, and promotions to attract customers and encourage savings. You can research and compare different options to find the best savings products that suit your needs and preferences on this site.

FREQUENTLY ASKED QUESTIONS ABOUT LOCAL SAVINGS RATES


Why do savings rates vary so much?

Even though rates are at levels that are historically very low, there is competition for your money. Like any active marketplace, there are buyers and sellers of goods and services at different prices. Banks have different cost structures and they also have different needs for capital. This leads to different rates.

BestCashCow’s surveys show that online banks offer higher savings and CD rates because they have lower expenses from not having to maintain brick-and-mortar locations. Therefore, we strongly recommend that all depositors consider the rates at online banks as savings and money market accounts online can easy be set up to enable quick transfers to your favorite local bank.

What is the difference between a savings account and a money market account?

The differences between a savings account and a money market account are largely arcane. Some money market accounts offer more ways access deposits by issuing checks and debit cards, but prudent consumers will compare the two interchangeably, focusing primarily on rates and service among FDIC-insured banks (or NCUA-insured, for credit unions). Most savvy consumers who plan their expenses and financial needs ahead find the additional functionality offered by money markets to be of little value and will choose whichever account (savings or money market) has the higher rate.

What does annual percentage yield (APY) mean?

Savings rates are displayed in terms of APY to indicate the effective annual-interest return, including the compounding of interest, of the course of a single year. $100,000 deposited in a savings or CD account with a 1.20% APY will earn $1,200 in the course of the year, but monthly interest in the first few months may be less than $100 a month (this also depends on the number of days in the month). Hence, the APY rate is ordinarily a couple of basis points above the real interest rates. Unlike with a Certificate of Deposit, your actual APY in a savings may vary if the rate changes.

How do I choose the right savings account and should I consider CDs?

Begin your search with the table here on BestCashCow.com that you have found. In addition to checking online savings rates, you should also check local bank rates and local credit union rates. If you are unlikely to require access to your cash for some time, you may also consider certificates of deposit (CDs). While CDs have penalties for early withdrawal that may even eat into your principal, the rates on 2, 3, 4 and 5 year CDs are ordinarily significantly higher than savings rates. Several other sections and articles on BestCashCow can also help you to identify your proper cash allocation between savings and CDs. Access these below. You should also familiarize yourself with our Savings & CD Calculator in order to understand the importance of compounding interest at higher rates on your savings over time.

8 POINT CHECKLIST FOR A GREAT BANKING RELATIONSHIP WITH YOUR LOCAL BANK

  • Find a bank with a location convenient to you. Location counts.
  • Choose a bank with good rates. Rates are important to get continued growth of your capital.
  • Choose a bank with an extensive network of fee-free ATM machines or which reimburses out-of-network ATM fees, if you still need to regularly access cash.
  • Avoid fees. Choose a bank which doesn’t have service fees provided you maintain a certain balance, which doesn’t charge for ACH inbound and outbound transfers, and which has low fees for things like international wire transfers and bounced checks.
  • Choose a healthy bank. If you click on a bank above, you’ll be taken to the bank’s financial detail. A healthy bank has happy employees and provides loyal service to its customers. No matter how healthy your bank is, stay within FDIC insurance limits.
  • Find something of value to offset what may be slightly lower rates than online accounts offer. Develop personal relationship with your bankers. Personal relationships can help you to get appropriate financial advice, and to navigate financial challenges and needs in the future. (Be careful with the financial advice you receive. Inappropriate financial advice is worth a lot less than no financial advice.) They can also put you in touch with others in your community who could be valuable personally and professionally to know. If you don't use your local savings account as an opportunity to build these relationships, you may find that you are better of banking online.
  • Choose a bank that is going to let you access your cash when you need. The great benefit of savings accounts over any other financial product (including CDs) is that you have absolute liquidity. If your bank in creating impediments to accessing your cash (paperwork, fees, etc.), then you need another bank.
  • Be aware that you can have more than one account. Having a great local savings account at a large or small bank near you can be great, but it doesn't need to stop you from opening one or more online savings accounts, or even developing a relationship with another local bank or credit union.

SAVINGS & CD CALCULATOR

Find out how much extra money you can earn by moving your bank money into an account that pays more.