Highest New Mexico 6-Month CD Interest Rates

Now that we’re heading into a new month, banks and credit unions in New Mexico are likely to adjust their interest rates. In order to be sure you’re still earning the best rate near you, it’s important to one again check up on current rates. The following is a look at how New Mexico CD rates are performing for a 6-month term and where you can get the highest rates today.

Current 6-Month CD Rates in New Mexico

There are a total of 17 CD accounts available in New Mexico for a term of six months. Out of all these accounts, the average rate is 0.55% APY. The lowest rate we have on record is actually 0.25% APY. So where can you get the best 6-month CD rate?

New Mexico Bank with Highest Rate: Community banks are known for having some of the most competitive interest rates and it’s more than likely you live close to at least one, if not several banks with great CD rates. Currently, the bank with the highest 6-month CD rate is Charter Bank New Mexico: 0.76% APY.

New Mexico Credit Union with Highest Rate: Credit unions tend to have the best rates overall, but you have to be a member of the CU to open an account. Today, the credit union in New Mexico with the best 6-month CD rate is Financial Security Credit Union: 1% APY.

Please note that the above rates are accurate as of June 2, 2011 but are subject to change at any time. Contact individual financial institutions to verify rates before opening an account. Additionally, you can view the most up-to-date interest rate information for these accounts by visiting the New Mexico 6-Month CD Rates page.