First American Bank with High Yield Reward Checking Account that earns 5.00%, Local Bank Deal in New Mexico
The First American Bank based in New Mexico invites consumers to take advantage of their best checking account called First Rewards Checking that gives the following interest rates:
The bank does not post the current interest rates for their best reward checking account but this was confirmed by their customer service representative. The monthly requirements to be met are as follows:
The First Rewards Checking asks for an initial funding of $100. Consumers can open 2 accounts for every household. The bank does not require minimum balances nor collects monthly charges. You also get to use their bill payment facility for free.
ATM refunds are also not discussed on their website. There is a reminder though to look for the logos of CIRRUS, NYCE, or VISA when doing a transaction outside their service areas.
Interested individuals can open an account by dropping by one of their branches. First American Bank has offices in Roswell, Lovington, Las Cruces, Hobbs, Chaparral, Artesia, and Alamogordo.
FAB has good ratings from Bankrate.com and BauerFinancial which both issued 4 stars when they reviewed the bank’s soundness and safety.
The bank was established in 1903 and has been indexed with the FDIC since 1934. They are insured under certificate number 2240.
You can be earning hundreds or even thousands of dollars a year in CD investments, money market, and cash back credit cards. Subscribe to our free newsletter below to learn how to maximize your rewards, improve your credit, and make money!
