Personal Savings Accounts in Socorro & Catron, NM

Personal Savings Accounts

At first state bank

Let us help you plan your future. Whether you’re saving for a new house, an adventurous vacation, your children’s college fund, or your retirement, First State Bank can help. We offer a variety of secure investment options to help you build a better future. Save for your child's future with an education IRA, or make your holidays extra special with a Christmas Club account. If you want a safe investment without the uncertainty of the market, open a Certificate of Deposit.

Traditional Savings

Whether you are saving for the holidays or a rainy day, FSB can help you meet your goals with a Personal Savings account or a variety of Club Accounts.

Personal Savings

No Service Fee with minimum daily balance of $300. If balance falls below $300 a Quarterly service fee of $9.00* applies.
Quarterly fee waived for our customers under the age of 18
$100 Minimum Opening deposit, waived if auto transfer is setup from your checking account

Diamond Savings

Primary Account Holder must be at least 60 years of age
$100 Minimum Opening deposit, waived if auto transfer is setup from your checking account

Club Accounts

CHRISTMAS/INSURANCE/BACK TO SCHOOL/TAX/VACATION

No Minimum Balance
No Service Fee
Automatic Transfer into FSB Checking Account upon maturity
Minimum Opening Deposit: $1.00
Maturity Dates Vary per type

*All Fees subject to the current Gross Receipts Tax.

Individual Retirement Accounts

Individual Retirement Accounts (IRAs) provide you with many tax benefits and advantages such as annual contribution tax deduction, tax deferral on investment earnings, and a lower adjusted gross income. When you’re ready to begin your own Individual Retirement Account, First State Bank can help. You can select either a Roth, traditional, or Coverdell IRA (education). These accounts can be open-ended or fixed-term CDs. Start your IRA today—depending on the type of retirement account you choose, you may be able to save on your next tax bill. Contact us today for our competitive rates!

Money Markets

Money Markets offer higher yield with limited check writing. With a higher return than a savings account your money works harder for you. Money Markets allow you to access your money on your terms. To open your First State Bank money market account come see a Personal Banking Specialist. Interest Rates are based on tiers. The more money in the account the more interest the account will earn. Please Contact Us for current rates.