A savings account is an essential financial tool. Our savings options cover everything from college and rainy day funds to retirement. At MyBank, we have the right product to help you reach your savings goals.
Regular Savings:
- Opening Minimum Deposit: $100
- Minimum Daily Balance: $100
- Customer Charge: $2.00 if balance falls below $100; $5.00 charge for each withdrawal that exceeds the nine withdrawals per quarter
- Customer Benefits: Earns interest, FDIC insured
Preferred Money Market:
- Opening Minimum Deposit: $1,000
- Minimum Daily Balance: $1,000
- Customer Charge: $10.00 if balance falls below $1,000; 6 transfers per month (3 can be checks to third parties); $25 per item fee if the allowed number of transfers is exceeded
- Customer Benefits: Earns interest, pays a higher rate than our regular savings account, three checks per month, three withdrawals per month, FDIC insured
Minor Savings:
- Opening Minimum Deposit: $25
- Minimum Daily Balance: No Minimum Balance
- Customer Charge: No monthly service charge; $5.00 charge for each withdrawal that exceeds nine withdrawals per quarter
- Customer Benefits: Earns interest, FDIC insured
Christmas Club:
- Opening Minimum Deposit: $50
- Minimum Daily Balance: No Minimum Balance
- Customer Charge: $50 penalty for early withdrawal
- Customer Benefits: Earns interest, FDIC insured, earn .25 more for automatic transfer from other MyBank accounts.
- Cash is available November 15
Vacation Club:
- Opening Minimum Deposit: $50
- Minimum Daily Balance: No Minimum Balance
- Customer Charge: $50 penalty for early withdrawal before selected maturity at least 1 year from opening
- Customer Benefits: Earns interest, earn .25 more for automatic transfer from other MyBank accounts. You select payment date after 1 year.
- MyBank / Main Branch
- 19339 Highway 314 Belen, NM 87002
- Phone: 505-864-3301
- Online Assistance: MyBankOnline@MyBankNM.com
- For Lost or Stolen Checks, Please call 505-861-5261
- For Lost or Stolen Bank Cards, Please call 1-800-791-2525
