Deposit Products

First New Mexico Bank offers a deposit product to meet your needs. To obtain more information, or open an account, just stop by our convenient location.

Lite Checking

• No service charge < 15 checks
• Over 15 checks - $.25 each

Personal Checking

• Over $500 minimum balance – no service charge
• Less than $500 - $7.50 per month

Senior Checking – Age 55 and over

• No service charge
• No minimum balance
• No interest
• Unlimited check writing

Interest Checking*

• Over $1,000 minimum balance – no service charge Plus interest paid on balance
• Under $1,000 minimum balance -$10 per month and no interest paid

Money Market Account*

• Over $2,500 minimum balance – no service charge
• Over $25,000 – premium money market interest rate
• $2,500-24,999 money market rate
• $2,499 -$1,000 interest checking rate
• Less than $1,000 - $10 per month and no interest
• Activity limited to 6 debits per month of which three (3) may be by check - $10 each excessive withdrawal over 6

Savings Account*

• $50 minimum to earn interest
• $100 minimum balance to avoid $5 per quarter service charge
• $50 - $1,000 – savings rate
• Over $1,000 – golden savings rate
• 6 free withdrawals per quarter, thereafter $2 each excessive withdrawal
• Senior Savings – unlimited withdrawals in person or at ATM

All accounts require $100 to open.
*Rates subject to change on all interest bearing accounts at bank's discretion.

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Business Lite

• $5.00 service charge
• $500 minimum balance
• $.25 per item charge over 25

Business First

• $10.00 service charge < $1,000 minimum balance
• $.10 per item charge over 100

Business Plus*

• Only sole proprietorship eligible
• Interest on balances over $1,500
• $15.00 service charge < $1,500 minimum balance
• $.15 per item charge over 75

Business Money Market*

• Interest on balances over $2,500
• $15 service charge < $2,500 minimum balance
• Activity limited to 6 debits per month of which three (3) may be by check
• $15 each excessive withdrawal over 6
• Tiered interest rates $2,500 - $24,999 and over $25,000

Business Account Analysis

• Account activity charges and credits determined by analysis

All accounts require $100 to open.
*Rates subject to change on all interest bearing accounts at bank’s discretion.