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 on 20 or less debits per statement cycle
  • Over 20 debits per statement cycle –  $0.30 each excessive item charge
  • No minimum balance required to avoid monthly service charge

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E-Checking

  • $200 minimum daily balance required each monthly statement cycle to avoid $3.00 monthly service charge
  • $3.00 monthly service charge each statement cycle with minimum daily balance <$200
  • E-Statements required to qualify for account

 


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Personal Checking

  • $500 minimum daily balance required each monthly statement cycle to avoid $5.00 monthly service charge
  • $5.00 service charge each statement cycle with minimum daily balance <$500

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Senior Checking – Age 55 & over

  • No service charge
  • No minimum balance to avoid monthly service charge
  • Paper statements at no charge
  • No interest earned
  • Unlimited check writing
  • Free basic checks

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Interest Checking

  • $1,000 minimum daily balance required each monthly statement cycle to avoid $10.00 monthly service charge and annual percentage yield paid on daily balance above minimum $1,000
  • $10.00 monthly service charge each statement cycle with minimum daily balance <$1,000 and no interest

 


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Money Market Account

  • $2,500 minimum daily balance required each monthly statement cycle to avoid $10.00 monthly service charge and earn money market rate
  • $10.00 monthly service charge will be imposed each statement cycle if minimum daily balance <$2,500
  • $1,000 minimum daily balance required to earn Annual Percentage Yield
  • Tiered interest rates $2,500-$24,999 and over $25,000
  • Minimum daily balance of $1,000 -$2,499 – earn interest checking rate*
  • Activity limited to 6 debits/withdrawals per month under Regulation D
  • $10 each excessive item charge per debit/withdrawal over 6 per four week period

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Savings Account

  • $50 minimum daily balance required to earn Annual Percentage Yield
  • $100 minimum daily balance required to avoid $5.00 per quarter service charge
  • Tiered interest rates $50-$999 and over $1,000
  • Activity limited to 6 debits/withdrawals per month under Regulation D
  • No charge for first 6 debits/withdrawals per quarter, thereafter $2.00 each excessive item charge per debit/withdrawal
  • Senior Savings – unlimited withdrawals in person or at ATM

 

All accounts require $100 to open.  All products as of 11/14/2016.

*See rate schedule for rates or speak with a customer service representative.

Sales tax will be collected on all fees except Overdraft paid item charge.


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.