Best 6-month CD Rates in New Mexico – April 13, 2011
If you’re looking for an easy and safe investment, try investing in a CD. Real estate prices are in flux, the stock market isn’t very reliable and retirement accounts can take a hit, like they did during the most recent economic crisis.
The process begins with finding a certificate of deposit that has a good rate and will help you achieve your financial goals. 6-month CDs generally offer rates that beat savings accounts without requiring a long investment period. So if you find a great 6-month CD rate in New Mexico, you’re taking the first step towards financial freedom.
Now that you’re on board, the question is how do you determine what a good CD rate is? It takes a bit of research, but New Mexico Banking Rates is here to help you find out.
Six Month CD Rates in New Mexico Today
As of today, there are a total of 6 six-month certificate of deposits accounts available in New Mexico. Of those, this is a breakdown of their rates:
Highest 6-month CD rate in New Mexico
Financial Security Credit Union: 1% APY
Lowest New Mexico 6-month CD rate
0.25% APY
Average 6-month CD rate in New Mexico
Finally, the average rate in New Mexico is 0.59% APY.
Use this rate as a benchmark for comparing the rest of the interest rates in New Mexico you find. If you happen to find rates close to or more than the state average, consider those good offers.
NOTE: These rates are accurate as of 4/13/11 but are subject to change at any time in the future. The most up-to-date CD rates for all terms can be found at our New Mexico CD rates page.
