Saving for a new home, your retirement or that special vacation you can share with your family doesn't seem that far away with a savings account from Bank of New Mexico.

 

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“Learn to Save” Youth Savings Account

Its never to early to learn how to save.

Savings is a habit that pays huge rewards. We want each of our young customers to learn to save at a young age and this account is designed with this in mind.

The Simple Savings account offers you:

Minimum to Open
$25 or Auto
No charge for use of BNM ATM's
Free use of BNM ATM's
24 Hour Telephone Banking
24 Hour Telephone Banking
Online Banking
Online Banking
Online Bill Pay
 
Electronic Statement
Electronic Statement
Paper Statement
Paper Statement
Earns Interest
Earns Interest
  • This is a savings account for minors under 18.
  • No opening deposit is required when there is an automatically scheduled transfer, otherwise it is $25.
  • The minimum balance fee will be waived.
  • Interest will be earned on the account regardless of the balance and is compounded daily and paid quarterly.
  • Withdrawals in excess of 6 per quarter will result in a service charge of $3 per transaction.
  • Account holder will receive personalized youth deposit/withdrawal tickets.
  • Account holder will receive a piggy bank at account opening.
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Effective 01/01/2013, Notice of Expiration of the Temporary Full FDIC Insurance Coverage
for Non-Interest Bearing Transaction Accounts. Learn More.