Deposits

Savings, Money Markets, and CDs

We offer a variety of saving products for your financial future. Not all products are the same so visit with us today to find out which deposit product works best for you and your needs. If you have any questions regarding our deposit products or would like to open a new account please call 575-461-0191 or come by our office.

Our current products and rates are below.

Savings

Account NameMin BalanceRateAPY
Statement Savings $100.00* 0.25% 0.25%

*$100 is required to open the account, however fees apply to a balance below $500. $250-$500: $4.00 service fee per quarter. Below $250: $9.00 fee per quarter.

Money Market

Account NameMin BalanceRateAPY
Money Market Plus $2,500.00* 0.80% 0.80%

*Below $2500.00: a $5.00 per month fee; more than 6 checks written per month $10.00 fee per check.

Certificates of Deposit (CDs)

Account NameMin BalanceRateAPY
6 Month Money Market CD $1,000.00 1.00% 1.00%
1 Year Money Market CD $1,000.00 1.10% 1.11%
2 Year Money Market CD $1,000.00 1.15% 1.16%
3 Year Money Market CD $1,000.00 1.20% 1.21%
4 Year Exchange Rate CD* $10,000.00 1.80% 1.81%
13 Month Special CD $10,000.00 1.15% 1.16%
13 Month Special Jumbo CD $50,000.00 1.20% 1.21%
25 Month Special CD $10,000.00 1.20% 1.21%
25 Month Special Jumbo CD $50,000.00 1.25% 1.26%

There is an early withdrawal penalty of three months interest for withdrawing funds from any account termed for 1 year or less. Accounts which are termed for more than a year carry an early withdrawal penalty of six months interest.

*In the four (4) year term, you may be able to update your rate one time. You must come into the bank or call us directly to change your rate.

Individual Retirement Account (IRA) CDs

Account NameMin BalanceRateAPY
Variable IRA $10,000.00 1.15% 1.16%

There is an early withdrawal penalty of three months interest for withdrawing funds from any account termed for 1 year or less. Accounts which are termed for more than a year carry an early withdrawal penalty of six months interest.

Rates effective: April 3, 2019.

APY = Annual Percentage Yield

If you would like to review your FDIC insurance coverage with your current accounts you can follow the link to the FDIC EDIE Calculator for calculating FDIC insurance coverage.