MyBank is one of central New Mexico’s largest locally owned banks.  MyBank was initially founded in Belen, New Mexico in July 1992.  At this time the bank was named the Bank of Belen.  The bank and has served Valencia County and outlying areas since that time.  The original founders of the bank are native New Mexicans from Belen and Los Lunas.  The Bank of Belen officially changed its name to MyBank in October 2006.

MyBank has five branches in Belen, Rio Communities, Los Lunas, Albuquerque, and Mountainair.  The banks approach is to maintain a community bank which is based on a foundation of quality and personalized service.

MyBank offers a wide range of accounts and services for personal banking needs.  The bank has several different checking accounts to choose from.   The bank has savings options that cover everything from college and limited use accounts to retirement.  The bank offers competitive rates on their certificates of deposits and IRA accounts, with minimum requirements as low as $500.  These accounts have several different terms to choose from.  The bank also offers numerous loan options with competitive rates and terms.

MyBank certificates of deposit can be a good way to capitalize on a stable financial investment for the future.  MyBank CD investments are safe and your principal and interest is guaranteed and FDIC insured.  CD accountholders have easy access to their money and there’s no cost to reinvest, manage or redeem a CD at maturity.  The present rates and terms available include:

3 month CD has an interest rate 1.96% APY.
6 month CD earns an interest rate of 2.11% APY.
One year CD that yields a rate of 2.40% APY.
An 18 month CD that has an interest rate of 2.41% APY.
Two year CD which has an interest rate 2.55% APY.
30 month CD with an interest rate of 2.60% APY.
Five year CD that earns an interest rate of 3.00% APY.

Interest rates subject to change and additional conditions may apply to the listed accounts.  For current CD rate information call a bank representative at 505-864-3301.  The bank web address is www.mybanknm.com.  The site posts current CD rate and saving rate information as well as various account resources and information.

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