Otero Federal Credit Union Savings & Money Market Rates

How Otero Federal Credit Union’s savings rates compare

Compared with banks and credit unions near Alamogordo, NM, where Otero Federal Credit Union has the most branches. $10,000, best rate first.

This credit union’s best
Otero Federal Credit Union
1.00%APY
Minimum
$2,500
Earns on $10,000 a year
$100
Money Market
Top rate
WaFd Bank
3.82%APY
Minimum
$0
Earns on $10,000 a year
$382
WaFd Bank rates
2nd-highest rate
First National Bank Texas
2.00%APY
Minimum
$0
Earns on $10,000 a year
$200
First National Bank Texas rates

Compare savings rates near you →

Savings score

Higher than 67% of U.S. banks and credit unions

By balance

$1,000 balance$1,0000.15%
$10,000 balance$10,0001.00%
$100,000 balance$100,0001.70%
QualifiedQualified1.00%

Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.

How the score works →

Where Otero Federal Credit Union ranks

By savings score, in each area where it has branches

Every rate

Current savings rates

Rates from the credit union’s website. Earnings assume the rate doesn’t change.

Money Market

1.00%APY$2,500 to open

Minimum balance to open is $2,500. Minimum balance to earn dividends is $2,500. Monthly fee if balance falls below minimum is $5. Limited transfers and withdrawals per month ($250 minimum per transaction). Membership eligibility requirements apply.

Earnings on $10,000 over a year.
Balance	APY	Earns on $10,000 a yearEarns	Requirement
Up to $2,500Monthly fee of $5 if balance falls below $2,500. Minimum balance to earn dividends is $2,500.	0.00%	—	Monthly fee of $5 if balance falls below $2,500. Minimum balance to earn dividends is $2,500.
$2,500 – $25,000	1.00%	$100
$25,000 – $50,000	1.45%	—
$50,000 – $100,000	1.70%	—
$100,000 – $250,000	1.70%	—
$250,000 and up	1.75%	—

Sources (1)

oterofcu.org/accounts/money-market · captured Oct 3, 2026

Regular Savings

0.15%APY$25 to open

Initial deposit of $25 is required to establish membership and must remain in the account; refunded upon account closure. You must have a share (savings) account to have other OFCU products or services.

Earnings on $10,000 over a year.
BalanceRequirement	APY	Earns on $10,000 a yearEarns	Requirement
Any balance$1.00 monthly fee assessed if balance falls below the required $25. APY is earned if dividends remain in the account for one year. Dividends are computed daily, compounded, and paid monthly.Any balance	0.15%	$15	$1.00 monthly fee assessed if balance falls below the required $25. APY is earned if dividends remain in the account for one year. Dividends are computed daily, compounded, and paid monthly.

Sources (3)

All captured Oct 3, 2026

Special-purpose accounts

Share IRAs

0.15%APYIRA$100 to open

Available as Traditional and/or Roth IRAs. Automatic transfers and payroll deduction available.

Earnings on $10,000 over a year.
BalanceRequirement	APY	Earns on $10,000 a yearEarns	Requirement
Any balanceNo set up fees, no annual fees. APY is earned if dividends remain in the account for one year.Any balance	0.15%	$15	No set up fees, no annual fees. APY is earned if dividends remain in the account for one year.

Sources (2)

All captured Oct 3, 2026

Who can join Otero Federal Credit Union

This may be incomplete or out of date, so check with the credit union before you apply.

Where you live or work

Persons who live, work, worship, or attend school in the counties of Chaves, Eddy, Lincoln, and Otero, New Mexico are eligible for membership.

Employers and groups

Employees of this credit union are eligible for membership.
Volunteers within the community are eligible for membership.

Family and household

Members of the immediate families of eligible persons are eligible for membership.

Other ways

Organizations of persons within the field of membership are eligible for membership.
Spouses of persons who died while within the field of membership of this credit union are eligible to join.

Membership information collected October 4, 2026.

Check membership requirements ↗Branches and institution details

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