New Mexico Banking Rates > CD Rates

New Mexico CD Rates and Interest Income Investments

The economy has battered New Mexico in the same way it’s battered the rest of the nation, and plenty of people have lost their jobs. Tough times are what many people are preparing for when they put money into things like certificates of deposit. New Mexico Banking Rates could help you find high CD rates that will make your investment grow. When that happens you’ll sleep better at night knowing that there’s money in case of an emergency.

The best CD rates are hard to find, but they’re definitely out there. Let New Mexico Banking Rates find them for you.

Current New Mexico CD Rates News

03/09/10

Fed tells Florida bank to raise capital or find buyer

Within 30 days, Horizon Bank also must submit an acceptable plan and timetable to the Federal Reserve Bank of Atlanta for conforming interest rates paid on ...

03/09/10

OTS lifts order on First Marblehead's bank unit

Private student loans aren't guaranteed by the government and carry higher interest rates. As the recession worsened, more customers have fallen behind ...

Best New Mexico CD Account Rates

Featured Rate		Bank / Credit Union	Account Type
2.05% As of February 8, 2010	View Rate Details	Discover Bank	CD Account
Highest Rates Recent Rate Changes
Best Rates (APY)		Bank / Credit Union	Account Type
2.42% As of February 28, 2010	View Rate Details	Cannon Credit Union	CD Account
2.34% As of February 24, 2010	View Rate Details	Community 1st Bank Las Vegas	CD Account
2.31% As of January 12, 2010	View Rate Details	Roswell Community Credit Union	CD Account
2.25% As of February 24, 2010	View Rate Details	Animas Credit Union	CD Account
2.25% As of February 8, 2010	View Rate Details	Sandia Area Credit Union	CD Account

	Rate Change	Date
Otero Credit Union - 6 Month CD Account	1.26% to 1.11%	Mar 5, 2010
Otero Credit Union - 12 Month CD Account	1.66% to 1.41%	Mar 5, 2010
Lea County State Bank - 6 Month CD Account	0.65% to 0.50%	Mar 5, 2010
Otero Credit Union - 2 Year CD Account	1.92% to 1.76%	Mar 5, 2010
Lea County State Bank - 12 Month CD Account	0.75% to 0.75%	Mar 5, 2010

See All CD Account Rates

Best CD Rates, IRAs and Investments in New Mexico

New Mexico Banking Rates want to help you earn money, save money and put yourself in the best position for your own financial situation. If you have a savings account that you do not need for the rest of this year, it may be a good idea to invest into a 6-12 month CD and take advantage of the higher interest rates. You can earn up to 1% or more in a CD versus a savings account with a $5000 CD over 10 years; that can be over $500-$1000 more in interest payments with the higher CD rate.

Many local New Mexico credit unions offer competitive CD rates, money market accounts and IRAs, as do the larger national banks. If you want to get the highest interest rates, be sure to thoroughly research banks with the best offers before you make your decision. New Mexico Banking Rates has relationships with many banks to maximize the potential of finding the best rates.

CD Rates When Interest Rates are Falling in , NM

A clear advantage of investing in CD’s is that CD Rates are fixed, meaning you lock in an interest rate for the entire term of the CD, and it does not change. When interest rates are dropping, your CD stays at a higher rate. If you money is in a savings account, or interest paying checking account, your interest rate will drop daily, if rate are falling. Learn from New Mexico Banking Rate partners if rates are falling or rising, and make the right choice to earn more money.