Easy Steps to 6.01% Reward Checking of New Mexico Bank & Trust
Customers of the New Mexico Bank & Trust can enjoy up to 6.01% APY for the Cash Reward Checking Account. This only requires a minimum of opening deposit of $25 and does not require any maintaining balance.
To get the published rates, account holders must make at least 12 signature based purchases using their Visa Debit Card, have a direct deposit or automatic payment each month, and opt in to receive electronic statements.
ATM fees of up to $20 are refunded per statement cycle. Other benefits include free online payment, online banking, and debit card. The reward checking program does not impose monthly fees.
Account balances higher than $20000 gains 1.51% APY. Consumers who do not qualify for the program’s rates will still enjoy a yield of 0.25% APY.
It appears that a branch visit is required to open or convert to a Cash Reward Checking account. It will be best to phone them to verify the prevailing rates.
New Mexico Bank & Trust have several branches spread over NM cities of Albuquerque, Clovis, Los Lunas, Melrose, Portales, Rio Rancho, and Santa Fe.
The bank has FDIC certificate # 34726 and has been an FDIC member since 1998.
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