Citizens Bank of Las Cruces Review

Overview

Citizens Bank of Las Cruces was founded in 1970 and is headquartered in Las Cruces, New Mexico. It has assets of $538 million along with $468 million in deposits, ranking it as a medium-size bank. Citizens Bank of Las Cruces lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. On the whole, Citizens Bank of Las Cruces is a solid pick to be your bank, with a score of 4.3 out of 5 stars from the SmartAsset experts. Citizens Bank of Las Cruces provides customers with a full array of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Citizens Bank of Las Cruces has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, the bank's most basic checking account does not carry a monthly maintenance charge. Obtaining a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same bank is your best option for getting the most income from your deposits alongside convenient access to your funds.

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Citizens Bank of Las Cruces has a savings rate of 0.07%, which is fair compared to other U.S. banks. Citizens Bank of Las Cruces's CDs feature a rate of 0.80% and 1.35% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.10%. Given Citizens Bank of Las Cruces's below average savings rate, you should think about opting for higher earning savings accounts with other banks.

How Citizens Bank of Las Cruces's Savings Rates Compare

Citizens Bank of Las Cruces typically has extremely low fees as compared against the national average. With no monthly fee, Citizens Bank of Las Cruces is ideal for those who want a simple banking experience. Citizens Bank of Las Cruces unfortunately doesn't reimburse out-of-network ATM charges, meaning you'll have to find a Citizens Bank of Las Cruces ATM or accept the cost of withdrawal.

Citizens Bank of Las Cruces is a brick-and-mortar bank, with six total branches in New Mexico. It also offers access to mobile and web apps for an easy mobile-banking experience. Citizens Bank of Las Cruces's online and mobile banking platforms receive relatively high praise from customers. Out of 45 customer reviews across iOS and Android platforms, the Citizens Bank of Las Cruces mobile app rates a 4.4 out of 5 (compared to the national average of 3.8). Citizens Bank of Las Cruces's mobile app lets you manage your finances by checking account balances, sending and receiving money and accessing customer service. Citizens Bank of Las Cruces receives an exceptional consumer satisfaction rating due to comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Citizens Bank of Las Cruces ranks as a medium-size bank with $538 million in assets and $468 million in deposits. Citizens Bank of Las Cruces has an excellent Texas Ratio of 0.97%, signifying a negligible likelihood of failure. Additionally, Citizens Bank of Las Cruces is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

Products Offered

Citizens Bank of Las Cruces has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Citizens Bank of Las Cruces does not have the best savings rate, which means you should consider other options for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Citizens Bank of Las Cruces's CD rates are fair compared to the average U.S. bank.

Find a Citizens Bank of Las Cruces Near Me

Citizens Bank of Las Cruces has six locations across the U.S.