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Minimum Opening Deposit
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Monthly Services Charges
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Basic Savings |
$50.00
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$5.00 Monthly Dormant Fee**
$5.00 per debit/withdrawal in excess of 3 per month Interest is paid only if Average Daily balance of $100.00 is met each statement cycle |
Premium Savings |
$250.00
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$5.00 Monthly Dormant Fee**
$5.00 per debit/withdrawal in excess of 3 per month Interest is paid only if Average Daily balance of $750.00 is met each statement cycle |
Money Market |
$2,500.00
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$5.00 Monthly Dormant Fee**
$5.00 per debit/withdrawal in excess of 3 per month Interest is paid only if Average Daily balance of tier level* is met each statement cycle |
Christmas Club |
$25.00
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$10.00 per debit/withdrawal in excess of 6 per quarter
Interest is compounded daily and is credited annually
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Certificate of Deposit (CD) |
$1,000.00
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Early withdrawal fees apply, see banker for details
Interest paid by account deposit
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Important information about procedures for opening a new account:
Southwest Capital Bank complies with section 326 of the USA PATRIOT Act. Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account such as name, address, and date of birth and taxpayer identification. We may ask to see your driver’s license or other identifying documents.
*Please call to receive updated information regarding rates and tiers
**After 12 months of inactivity
Fill out our Consumer Account Application and let's get started!
Consumer Account Application
IRA Information:
Traditional IRAs (Not employer-sponsored)
- The money in your account grows on a tax-deferred basis
- Your contributions may be tax-deductible (consult your tax advisor for deductibility in your situation)
- You mat withdraw money without penalty at age 59 1/2(premature withdrawals may be subject to ordinary income tax and a 10% tax penalty)
- Required minimum distributions must begin after age 72
- Avoid tax penalties by rolling over money from your previous company's 401(k) or 403(b) plan
Roth IRAs (Not employer-sponsored)
- The money in your account grows tax-free, however contributions are not tax-deductible as with a Traditional IRA
- Tax-free withdrawals in retirement if you have reached age 59 1/2 and have held the account at least five years (premature withdrawals may be subject to ordinary income tax and a 10% tax penalty)
- You are not required to begin taking distributions at age 72
SEP IRAs
A SEP (Simplified Employee Pension) IRA is a Traditional IRA set up under a written arrangement that allows employers to contribute to the IRA on the employee’s behalf (employer contributions may be discretionary). Generally, SEP IRAs have the same rules and requirements as Traditional IRAs.
Brittany Tonini
Branch Operations Officer, VP
Albuquerque, New Mexico
505-247-7924
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Bernadette Vigil-Cruz
Branch Manager, AVP
Mora, New Mexico
505-426-2973
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David Hicks
Branch Manager, AVP
Albuquerque, New Mexico
505-247-7925
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Leandra Benavidez
Branch Supervisor
Pecos, New Mexico
505-370-2786
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Jacqueline Peters
Branch Manager, AVP Las Vegas, New Mexico (Douglas) 505-426-2962 |
Maureen Santillanes
Branch Manager, AVP Las Vegas, New Mexico (Mountain View) 505-426-2924 |
Jasmine Gonzales
Branch Manager, AVP
Las Vegas, New Mexico
(Hot Springs) 505-859-9941
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