Minors Earn Major .13% APY With Community Bank NM

Posted in Local Banks , Rates , Savings Account

Are you a new parent looking for a baby savings account? If so, then the First Community Bank’s Looney Tunes account designed for minors will do the trick. In the beginning, parents can help build their offspring’s nest egg while earning a competitive .13% APY. As the child matures, parents can guide their children through the First Community Bank’s kid page in order to provide them with money management basics.

First Community Bank minor savings rate is actually equal to the financial institutions regular savings account rate. Some terms to qualify for the First Community Bank savings rates certain terms apply including:
  • Account offer only applies to those under the age of 18
  • No minimum balance required
  • No monthly fees
  • Limit of 9 withdraws per quarter with no transaction fee
  • Signature required by a parent or guardian
  • FDIC Insured

Community Bank has locations throughout New Mexico and has branches in Sante Fe, Los Alamos, Espanola, Tierra Amarilla and Albuquerque. Community Bank first formed in 1994 and the first branch opened in 1995. Originally a group of locals purchased the El Pueblo State Bank in Espanola (originally chartered in New Mexico in 1973).

>> Minor Savings Account Rates

Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.

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