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If you have specific financial strategy, choosing a bank that aligns with your goals is important.

Is a money market account with a low minimum and a competitive APY important to you?

Or would you rather have different choices when it comes to choosing a checking account?

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You may want to compare regional banks with national financial institutions.

Dont know where to start?

Take a look at this list ofBest Banks by Statefor 2025 by GOBankingRates.

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It may make it easier to decide which bank is right for you.

you could read more about oureditorial guidelinesand our in-depthbank review methodology.

Balance to Earn APY

You don’t need a minium deposit for this savings account.

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It’s affordable since the minimum deposit is $100 and the payoff isAPY.

All factors were then scored and combined, with the lowest score being the best.

All products and offerings had to be available as of Nov. 8, 2024, to be considered.

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Rates are subject to change; unless otherwise noted, rates are updated periodically.

All other information on accounts is accurate as of Dec. 20, 2024.

The best banks in New Mexico run a wide range.

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