First National Bank of Santa Fe Adds Promotional CDs
The First National Bank of Santa Fe (FNB) has two Promotional CDs in its product line: 11-month (1.00% APY) and 25-month (1.51% APY). The minimum opening deposit is $1k, with no balance cap.
Both promotion CD Specials are also available as IRAs (Traditional and Roth) earning the same APY, with the same funding requirements.
As stated on the Savings and CD page, the Early Withdrawal Penalty reads as follows:
There is a 90-day penalty for early withdrawal.
Headquartered in Albuquerque, The First National Bank of Santa Fe’s market area includes New Mexico and Colorado, with branches situated near major population centers.
Opening the Promotional CDs can be done at any of 14 New Mexico branches located in Albuquerque (4), Las Cruces, (3), Los Alamos, and Santa Fe (6) or eight Colorado branches located in Boulder, Denver (2), Englewood, Golden, Longmont (2), and Loveland.
FNB’s online banking platform is currently limited to account management and bill payment services, including PopMoney®.
The First National Bank of Santa Fe (FDIC Certificate # 2239) has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 5.26% (excellent) based on March 31, 2016 data. In the past year, First National has increased its total deposits by $14.69 million, an above average annual growth rate of 1.07%. Please refer to our financial overview of The First National Bank of Santa Fe for more details.
Originally established in 1870, The First National Bank of Santa Fe is comprised of First National Denver, First National Santa Fe, and First National Rio Grande. These three different brands, located in different communities, are all covered by the same FDIC Certificate. FNB is the largest bank in New Mexico, with assets in excess of $1.7 billion.
How the CD Compares
When compared to the similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available to residents in of New Mexico and Colorado, The First National Bank of Santa Fe's 25-month Promotional CD APY currently ranks second.
The above rates are accurate as of 7/12/2016.
To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table or our Rates Map page.