AmBank is a locally owned bank, chartered in New Mexico in May of 1997.  AmBank’s main branch is located in Silver City; the bank has two additional bank branches in Hurley and Bayard.  AmBank offers a variety of consumer savings, transactions accounts and loan products.

The banks regular savings account requires a $100.00 minimum deposit upon opening.  AmBank also offers a business savings account that earns interest on a daily balance.  This account requires a $500 minimum opening deposit.  AmBank has a variety of checking accounts for different individual needs.  All the bank checking accounts have MasterCard Debit Card or ATM Card capability.  All the bank checking accounts are also furnished with the accounts first 50 checks free of charge.  The AmBank money market accounts earns a tiered interest on a daily balance.

The bank offers a variety of loans and lines for consumers borrowing needs.  Loans are available to pay for college, buying a home, remodeling or simply purchasing a new or used vehicle.  Within the lending product menu, the bank offers commercial loans for almost all sizes.  The bank has commercial loans for working capital loan, a commercial mortgage loan or even new business start ups.

The banks certificates of deposits offer competitive tiered interest rates ranging from 3 months to 5 years.  Interest is figured daily and paid monthly on the CDs.  With the bank CDs, interest may be transferred to an existing account, paid by mailed check, or capitalized back onto the bank CD.  AmBank may charge a fee for early closing of a certificate of deposit.

Bank CD rates provided are as followed:

3 month CD earns an interest rate of 1.11% APY.
6 month CD with an interest rate of 1.41% APY.
1 year CD has an interest rate of 1.71% APY.
18 month CD earns an interest rate 1.97% APY.
2 year CD with an interest rate of 2.17% APY.
3 year CD earns an interest rate of 2.48% APY.
5 year CD has an interest rate of 2.73% APY.

Each of these CD requires a minimum opening deposit of $1,000.00.  The bank also offers a 15 month CD that is presented with an interest rate of 2.27% APY and a minimum opening deposit of $10,000.00.  Call 1-800-440-8751 to get the most current CD rate information.  The banks website is located at www.ambanksc.com.

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