Deposit Products

First New Mexico Bank, Las Cruces offers several deposit products to meet your needs. To obtain more information, or open an account, just stop by our convenient locations located at 3000 E. Lohman Avenue in Las Cruces or 455 Landers Road in Anthony, NM.

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Lite Checking

  • No service charge < 15 debits
  • Over 15 debits – $.25 each*
  • No minimum balance

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E-Checking

  • Over $200 minimum balance – no service charge
  • Less than $200 – $2.00 service charge per month*
  • E-Statements required

 


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Personal Checking

  • Over $500 minimum balance – no service charge
  • Less than $500 – $5.00 per month*

 


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Senior Checking – Age 55 & over

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

 


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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

 


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Money Market Account**

  • Over $2,500 minimum balance – no service charge
  • Less than $2,500 – $10 per month*

Interest paid on balances over $1,000

  • $25,000 and over – premium money market interest rate
  • $2,500-$24,999 money market rate
  • $1,000 -$2,499 interest checking rate
  • Activity limited to 6 debits per month
  • $10 each* excessive withdrawal over 6

 


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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 – premium 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.

*Plus NM gross receipts tax.

**Rates subject to change on all interest bearing accounts at bank’s discretion.


USA Patriot Act

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING OR CHANGING AN ACCOUNT WITH OUR FINANCIAL INSTITUTION

Section 326 of the USA PATRIOT ACT requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account or changes an existing account. This federal requirement applies to all new customers and current customers. This information is used to assist the United States government in the fight against the funding of terrorism and money-laundering activities.

What this means to you: when you open an account or change an existing account, we will ask each person for their name, physical address, mailing address, date of birth, and other information that will allow us to identify them. We will ask to see each person’s driver’s license and other identifying documents and copy or record information from each of them.


Unlawful Internet Gambling Notice

Restricted transactions as defined in the Federal Reserve Regulation GG are prohibited from being processed through your account or relationship with our institution. Restricted transactions generally include, but are not limited to, those in which credit, electronic fund transfers, checks, or drafts are knowingly accepted by gambling businesses in connection with the participation by others in unlawful Internet gambling.