Finding the best CD rates in your area can feel impossible with so many options, but we’re here to help. This is our list of the best CD rates in New Mexico.

Find the best banks in New Mexico.

4.0
Our Rating

Bank or Credit Union Name: CommunityWide FCU

Minimum Amount: $1000.00

APY / Rate: 3.50% APY

Pros:

  • NCUA insured to at least $250,000
  • Dividends can be compounded in certificates / deposited to another share/ transferred to another institution
  •  Option to renew on the maturity

Rules:

  • Any withdrawal before maturity is charged with a penalty
  • Penalty= amount of the withdrawal x  the remaining term (days) of the certificate at the rate of 2x the current APR (divided by 365)
  • Dividends are paid at the end of the month
4.0
Our Rating

Bank or Credit Union Name: Quontic Bank

Minimum Amount: $500.00

APY / Rate: 3.25 % APY

Pros:

  • Instant account opening
  • Low minimum balance
  • FDIC insured

Rules:

  • Interest is compounded daily and credited to the account at the end of every month
  •   A periodic rate is applied to the balance (principal + interest) in the account
  • CD can be withdrawn upon maturity within 10 days after which, it is automatically renewed on the same terms.
4.0
Our Rating

Bank or Credit Union Name: PenFed Credit Union

Minimum Amount: $1,000.00

APY / Rate: 2.00% APY

Pros:

  • Easy renewal without any conditions
  • Can be accessed at the branch, mobile or online
  • Insured by NCUA insurance

Rules:

  • Dividends are calculated on a simple interest basis
  • Monthly dividends are paid on CD maturity
4.0
Our Rating

Bank or Credit Union Name: Synchrony Bank

Minimum Amount: $0.1

APY Rate: 3.50% APY

Pros:

  • No monthly fees on savings account
  • Competitive rates on savings and CDs
  • Access your account 24/7 from desktop or mobile.
  • All deposits are FDIC insured.

Rules:

  • The penalty is 730 days of simple interest
  • Interest earned may vary
  • fees may reduce the aggregate balance on the account.
  • minimum deposit of $10,000 is required for all CDs.
4.0
Our Rating

Bank or Credit Union Name: Popular Direct

Minimum Amount: $10000

APY / Rate: 4.25%

Pros:

  • One of the best CD rates in New Mexico for 6-month CDs
  • 24/7 access to the bank account
  • No hidden fees or charges
  • Customer support for all sorts of queries and concerns
  • FDIC insured bank up to maximum

Rules:

  • APY can be earned assuming the interest and the principal remains on deposit until maturity.
  • Interest is compounded monthly and added to the account at the end of the month.
  • Early withdrawal fetches a penalty and there is a grace period after maturity to add additional funds to the CD

Best 12-Month CD Rates in New Mexico

4.0
Our Rating

Bank or Credit Union Name: CommunityWide FCU

Minimum Amount: $1000.00

APY / Rate: 4.00% APY

Pros:

  • NCUA insured to at least $250,000
  • Dividends can be compounded in certificates / deposited to another share/ transferred to another institution
  •  Option to renew on the maturity

Rules:

  • Any withdrawal before maturity is charged with a penalty
  • Penalty= amount of the withdrawal x  the remaining term (days) of the certificate at the rate of 2x the current APR (divided by 365)
  • Dividends are paid at the end of the month
4.0
Our Rating

Bank or Credit Union Name: Bread Savings

Minimum Amount: $1500

APY / Rate: 4.50% APY

Pros:

  • Excellent for earning a competitive interest rate on a savings account or CD.
  • Without monthly services.
  • Free domestic incoming wire transfers on savings account

Rules:

  • APYs are subject to change at any time without notice
  •  The penalty will be applied for early withdrawals on CDs
  • At maturity, your CD will automatically renew and earn the base interest rate
4.0
Our Rating

Bank or Credit Union Name: First National Bank of America

Minimum Amount: $1000.00

APY Rate: 4.40% APY

Pros:

  • Competitive APY on online CDs and high-yield savings accounts
  • Fee-free access to 55,000 all ATM networks.
  • Digital banking access online and via an app

Rules:

  • Interest rates and APYs are subject to change without notice.
  • Early withdrawal will reduce earnings and impose the penalty
  • APY on all services will remain deposited until maturity.
4.0
Our Rating

Bank or Credit Union Name: PenFed Credit Union

Minimum Amount: $1000.00

APY / Rate: 4.25 % APY

Pros:

  • High-yield checking account with easy-to-waive monthly fees
  • Opening checking and savings accounts require a low minimum deposit.
  • Online savings account with a competitive dividend rate

Rules:

  • On early withdrawal, account earnings will be reduced.
  • Require a written notice of up to 60 days of the intention to withdraw funds
4.0
Our Rating

Bank or Credit Union Name: Marcus by Goldman Sachs

Minimum Amount: $500.00

APY Rate: 4.00% APY

Pros:

  • Hasslefree and Instant account opening
  • Customer support avail all seven days of a week

Rules:

  • CD rate can change at any time and hence customers are required to check the prevailing rates
  • Interest is added to the principal at every month’s end
  • It can be withdrawn without any penalty

Best 2 Years CD Rates in New Mexico

4.0
Our Rating

Bank or Credit Union Name: Sallie Mae Bank

Minimum Amount: $1

APY / Rate:5.00%

Pros:

  • Range of periods and guaranteed CD interest rate
  • Automatic renewal option
  • FDIC insured banking
  • No monthly maintenance fees

Rules:

  • CD is opened with a minimum amount of $2500.
  • The investor can request interest disbursement monthly, quarterly, yearly, or at maturity.
  • There is an early termination penalty: 90 days of interest for CDs with a term less than 12 months and 180 days of interest for CDs with terms more than 12 months
  • More amounts can be added to the CD during the grace period.
4.0
Our Rating

Bank or Credit Union Name: Bread Savings

Minimum Amount: $1500

APY / Rate: 4.50% APY

Pros:

  • Excellent for earning a competitive interest rate on a savings account or CD.
  • Without monthly services.
  • Free domestic incoming wire transfers on savings account

Rules:

  • APYs are subject to change at any time without notice
  •  The penalty will be applied for early withdrawals on CDs
  • At maturity, your CD will automatically renew and earn the base interest rate
4.0
Our Rating

Bank or Credit Union Name: Synchrony Bank

Minimum Amount: $0.00

APY / Rate: 4.30% APY

Pros:

  • Best APY rate
  • No minimum balance required
  • High-yield savings options
  • No penalty on premature interest withdrawal
  • 10 days grace period after maturity to add more funds to the CD

Rules:

  • The interest is compounded monthly and added to the account at the end of the month.
  • There is no minimum balance required to earn interest.
  • Also no penalty on premature withdrawals.
4.0
Our Rating

Bank or Credit Union Name: First National Bank of America

Minimum Amount: $1000

APY Rate: 4.40% APY

Pros:

  • Competitive APY on online CDs and high-yield savings accounts
  • Fee-free access to 55,000 all ATM networks.
  • Digital banking access online and via an app

Rules:

  • Interest rates and APYs are subject to change without notice.
  • Early withdrawal will reduce earnings and impose the penalty
  • APY on all services will remain deposited until maturity.
4.0
Our Rating

Bank or Credit Union Name: Pentagon Federal Credit Union

Minimum Amount: $1000

APY / Rate: 4.35 % APY

Pros:

  • Easy online and mobile access.
  • Checking account dividends are compounded daily and paid monthly
  • 85,000 free ATM network access nationwide.
  • Competitive APY rates.

Rules:

  • NCUA insured.
  • Rates are the same and are subject to change.
  • Penalties applied for early withdrawal.
  • The penalty will be 30% of the gross amount of dividends after 365 days of the open date.
4.0
Our Rating

Bank or Credit Union Name: Marcus by Goldman Sachs

Minimum Amount: $500.00

APY Rate: 4.00% APY

Pros:

  • Hasslefree and Instant account opening
  • Customer support avail all seven days of a week

Rules:

  • CD rate can change at any time and hence customers are required to check the prevailing rates
  • Interest is added to the principal at every month’s end
  • It can be withdrawn without any penalty

Best 3 Years CD Rates in New Mexico

4.0
Our Rating

Bank or Credit Union Name: Bread Savings

Minimum Amount: $1500

APY / Rate: 4.50% APY

Pros:

  • Excellent for earning a competitive interest rate on a savings account or CD.
  • Without monthly services.
  • Free domestic incoming wire transfers on savings account

Rules:

  • APYs are subject to change at any time without notice
  •  The penalty will be applied for early withdrawals on CDs
  • At maturity, your CD will automatically renew and earn the base interest rate
4.0
Our Rating

Bank or Credit Union Name: Pentagon Federal Credit Union

Minimum Amount: $1000.00

APY / Rate: 4.05% APY

Pros:

  • Easy online and mobile access.
  • Checking account dividends are compounded daily and paid monthly
  • 85,000 free ATM network access nationwide.
  • Competitive APY rates.

Rules:

  • NCUA insured.
  • Rates are the same and are subject to change.
  • Penalties applied for early withdrawal.
  • The penalty will be 30% of the gross amount of dividends after 365 days of the open date.
4.0
Our Rating

Bank or Credit Union Name: Synchrony Bank

Minimum Amount: $0.00

APY / Rate: 4.30% APY

Pros:

  • Best APY rate
  • No minimum balance required
  • High-yield savings options
  • No penalty for premature interest withdrawal
  • 10 days grace period after maturity to add more funds to the CD

Rules:

  • The interest is compounded monthly and added to the account at the end of the month.
  • There is no minimum balance required to earn inter
4.0
Our Rating

Bank or Credit Union Name: First National Bank of America

Minimum Amount: $1000.00

APY Rate: 4.40% APY

Pros:

  • Competitive APY on online CDs and high-yield savings accounts
  • Fee-free access to 55,000 all ATM networks.
  • Digital banking access online and via an app

Rules:

  • Interest rates and APYs are subject to change without notice.
  • Early withdrawal will reduce earnings and impose the penalty
  • APY on all services will remain deposited until maturity.
4.0
Our Rating

Bank or Credit Union Name: Marcus by Goldman Sachs

Minimum Amount: $500.00

APY Rate: 4.00% APY

Pros:

  • Hasslefree and Instant account opening
  • Customer support avail all seven days of a week

Rules:

  • CD rate can change at any time and hence customers are required to check the prevailing rates
  • Interest is added to the principal at every month’s end
  • It can be withdrawn without any penalty

Best 5 Years CD Rates in New Mexico

4.0
Our Rating

Bank or Credit Union Name: Bread Savings

Minimum Amount: $1500

APY / Rate: 4.75% APY

Pros:

  • $1,500 minimum opening deposit
  • FDIC insured
  • Zero service charges
  • Interest Accrued and compounded daily & Credited and posted monthly

Rules:

  • APYs are subject to change at any time without notice
  • The penalty will be applied for early withdrawals on CDs
  • The penalty is calculated based on 365 days of simple interest.
  • $25 per outgoing wire transfer
  • Auto-renew at maturity or cash out without penalty within the 10-day grace period
4.0
Our Rating

Bank or Credit Union Name: Popular Direct

Minimum Amount: $10000

APY / Rate: 4.50%

Pros:

  • Highly competitive rates for 6-month CDs
  • 24/7 access to the bank account
  • No hidden fees or charges
  • Customer support for all sorts of queries and concerns
  • FDIC insured bank up to maximum

Rules:

  • APY can be earned assuming the interest and the principal remains on deposit until maturity.
  • Interest is compounded monthly and added to the account at the end of the month.
  • Early withdrawal fetches a penalty and there is a grace period after maturity to add additional funds to the CD
4.0
Our Rating

Bank or Credit Union Name: Synchrony Bank

Minimum Amount: $0.00

APY / Rate: 4.30% APY

Pros:

  • Best APY rate
  • No minimum balance required
  • High-yield savings options
  • No penalty for premature interest withdrawal
  • 10 days grace period after maturity to add more funds to the CD

Rules:

  • The interest is compounded monthly and added to the account at the end of the month.
  • There is no minimum balance required to earn interest.
  • Also no penalty on premature withdrawals.
4.0
Our Rating

Bank or Credit Union Name: PenFed Credit Union

Minimum Amount: $1000.00

APY / Rate: 3.90 % APY

Pros:

  • High-yield checking account with easy-to-waive monthly fees
  • Opening checking and savings accounts require a low minimum deposit.
  • Online savings account with a competitive dividend rate

Rules:

  • On early withdrawal, account earnings will be reduced.
  • Require a written notice of up to 60 days of the intention to withdraw funds
4.0
Our Rating

Bank or Credit Union Name: First National Bank of America

Minimum Amount: $1000.00

APY Rate: 4.35% APY

Pros:

  • Competitive APY on online CDs and high-yield savings accounts, making it one of the best CD rates in New Mexico
  • Fee-free access to 55,000 all ATM networks.
  • Digital banking access online and via an app

Rules:

  • Interest rates and APYs are subject to change without notice.
  • Early withdrawal will reduce earnings and impose the penalty
  • APY on all services will remain deposited until maturity.