Valley National Bank is a community bank located in Española, New Mexico. This is a non-metropolitan area in the northern part of New Mexico.  The bank was formed in 1964.  The bank still sits where it did the day seven employees and 15 directors started in that year.  Valley National Bank provides banking and financial services to retail, commercial, and individual customers.  The company offers certificates of deposit, checking accounts, savings accounts, and individual retirement accounts.  Its loan portfolio includes automobile loans, home equity loans, personal loans, business loans and letters of credit as well as residential mortgages, construction mortgages, and secured loans.

The bank offers CDs that are recommended for their customers who want to invest $1,000 or more and earn fixed higher yields for a specified term.  The bank CDs have maturities ranging from 3 months to 5 years.  Interest on the CDs is calculated on daily balance method. On the bank 3, and 6 month CDs, interest will is credited to the CD accountholder at maturity.  On the12 through 60 month CDs, interest can be compounded and credited annually.  The 12 through 60 month CDs can be paid out monthly, quarterly, semi-annually or annually in the form of a check or direct deposit at the bank.

Bank CD rates:

3 month certificate of deposit that has an interest rate of  0.95% APY.
6 month certificate of deposit with an interest rate of 1.71% APY.
12 month certificate of deposit which earns an interest rate of 2.15% APY.
18 month certificate of deposit that also earns a rate of 2.15% APY.
24 month certificate of deposit with an interest rate of 2.15% APY.
30 month certificate of deposit that yields a rate of 2.25% APY.
36 month certificate of deposit that has an interest rate of 2.30% APY.
48 month certificate of deposit which yields a rate of 2.35% APY.
60 month certificate of deposit that earns an interest rate of 2.45% APY.

Annual percentage yield on the bank CDs assumes interest will remain on deposit until maturity.  Bank CD rates change on a periodic basis.  To receive most current rates call the bank at 505-753-2136.  The bank website provides interest rate information on a number of savinsgs producst and loan prodcust.  The web address for the bank is www.vnbnm2.com.

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