Main Bank Rates & Review
- Savings
Updated: 2012-05-16 -
APY
0.75%
Min to Earn APY: $5,000 - MainStay Savings Account - APY for balances $2500 and over
- CD Rates
Updated: 2012-05-16 - 12 Month CD.
- Compare cd rates across all banks
- Term
- APY
- Min. To Earn APY
- Compounding Method
Main Bank Review
In 1975, the Plaza Del Sol National Bank opened its doors in Albuquerque, New Mexico, as a locally owned community bank. Over time, the bank changed ownership to eventually become Main Bank in 2005.
Headquartered in Albuquerque, New Mexico, Main Bank is owned by a diverse group of New Mexico residents. The bank, which has more than $71 million in assets as of June 30, 2010, is a BBB Accredited Business with an A+ rating. After 35 years in business, the bank leaders have maintained their local, community bank focus.
Financial services
Main Bank provides loans to Albuquerque consumers and businesses and provides a full array of business banking products.
Customers can bank by phone or with online banking that allows them to transfer funds and check balances. The online banking system of Main Bank is compatible with Quicken and Money personal financial software so that data can be downloaded.
The Main Bank website includes multiple calculators that can aid customers in making financial decisions and planning for retirement.
Ameriplex Mortgage, Main Bank's mortgage division, offers mortgage loans and home equity loans. The bank also offers consumer and commercial loans.
Financial products
Customers looking for a high yield savings account can open a MainStream Savings account. Other options for savings include a money market account, a savings account, a certificate of deposit (CD) and an IRA. A checking account is also available.
For investments exceeding FDIC coverage limits, Main Bank offers CDARS (Certificate of Deposit Account Registry Service), which enables investments in multiple CDs with various financial institutions under a single account.
Deposit insurance
Main Bank is a member bank of the Federal Deposit Insurance Corporation. The temporary increase in FDIC coverage from $100,000 to $250,000 per depositor was made permanent in July 2010. All eligible deposits are FDIC-insured up to at least $250,000 per depositor. Joint accounts are FDIC-insured up to at least $250,000 per account holder.
Compare savings account rates from Main Bank and more than 400 other banks at SavingsAccounts.com.
Great Rates & FDIC Insured
| American Express Bank, FSB 1.30 |
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| Zions Bank 1.11 |
| AIG Bank 1.10 |
| ING Direct 1.10 |
| FNBO Direct 1.10 |
Disclaimer: Because rates & offers from advertisers shown on this website change frequently, please visit referenced sites for current information. Per FTC guidelines, this website may be compensated by companies mentioned through advertising, affiliate programs or otherwise.
Other Banks to Consider:
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| Chase 0.10 |
