At Rio Grande Savings and Loan we offer many products and services to meet your banking needs. Call, email, or visit us to get more information.
Rio Grande Savings & Loan is offering VISA gift cards for sale. They can be purchased in amounts from $25 up to $500. There is a $2.00 fee per card. The cards can be used for purchases anywhere VISA is accepted.
Deposit Products
Rio Grande Savings and Loan only takes deposits from the following 8 counties in Southern Colorado: Rio Grande, Alamosa, Archuleta, Saguache, Conejos, Costilla, Mineral, and Hinsdale.
Basic Checking Account
No minimum balance or monthly service charge. Your first box of checks is free. This type of account will receive an imaged statement. No interest is earned on this account.
Interest Bearing Checking Accounts
Interest is earned monthly. There is a minimum balance and a monthly service charge.
- Regular N.O.W. Checking APY .30%
Minimum to open - $200.00. Minimum to earn interest - $25.00. Variable rate account. No service charge if balance remains above $200.00. If balance falls below $200.00, there is a flat monthly fee of $8.00.
- Super Bonanza Checking
Minimum to open - $2500.00. Minimum to earn interest - $25.00. Unlimited check writing privileges. Variable rate account. No service charge if balance remains above $200.00, however if balance falls below $200.00 there is a flat monthly fee of $8.00.
$25.00 - $2,499.99 $2,500.00 - $9,999.99 $10,000.00 - $99,999.99 Over $100,000.00 APY APY APY APY .30% .55% .65% .80%
- Bonanza Checking
Minimum to open - $2500.00. Minimum to earn interest - $25.00. Limited to six (6) checks per month. Variable rate account. No service charge if balance remains above $200.00, however if balance falls below $200.00 there is a flat monthly fee of $8.00.
$25.00 - $2,499.99 $2,500.00 - $9,999.99 $10,000.00 and more APY APY APY .30% .60% .70%
- Commercial Checking account
Contact an account representative for more information.
Statement Savings Account .550% INT Rate .55% APY
Minimum to open - $25.00. Minimum to earn interest - $25.00. If balance falls below $200.00, a $3.00 service charge applies. Interest is compounded daily and credited quarterly. Excess withdrawal fee applies. The interest rate and annual percentage yield on this account may change at any time at the discretion of Rio Grande Savings & Loan, based on market conditions. There are no minimum or maximum limits on the interest rate for this account.
***Other Fees may reduce earnings or balance on any of the above interest bearing accounts.***
Certificates of Deposit (CDs)
CDs are offered with terms of 3, 6, 12, 18, 24, 30, and 36 months. Interest rates on these accounts are tiered based on the average daily balance in the account, with the highest balances receiving the highest rates.
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$500.00 TO |
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$25,000.00 TO |
GREATER THAN |
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$24,999.99 |
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$99,999.99 |
$100,000.00 |
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TERM |
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INTEREST |
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INTEREST |
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RATE |
APY |
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RATE |
APY |
RATE |
APY |
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3 MONTH |
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1.04% |
1.05% |
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1.09% |
1.10% |
1.24% |
1.25% |
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6 MONTH |
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1.19% |
1.20% |
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1.24% |
1.25% |
1.44% |
1.45% |
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1 YEAR |
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1.39% |
1.40% |
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1.44% |
1.45% |
1.59% |
1.60% |
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18 MONTH |
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1.54% |
1.55% |
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1.59% |
1.60% |
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2 YEAR |
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1.83% |
1.85% |
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1.88% |
1.90% |
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30 MONTH |
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2.13% |
2.15% |
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2.18% |
2.20% |
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3 YEAR |
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2.23% |
2.25% |
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2.27% |
2.30% |
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Interest Compounded Daily. Early Withdrawal Penalties Apply. |
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All rates accurate as of December 3, 2009. |
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RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE! |
Loan Products
Real Estate Loans
- Residential - Primary Residence (Purchase or Refinance up to 30 yrs)
- Residential - Secondary Residence (Purchase or Refinance up to 30 yrs)
- Mobile Home Loans
- Home Improvement Loans
- Second Mortgages
- Raw Land Loans
- Improved Raw Land Loans
- Commercial Real Estate Loans
- Construction Loans - Residential & Commercial
Consumer Loans
- Share Loans
- Auto - New/Used
- R.V., Motorcycle, Camper, 4-wheelers, boat
- Mobile Home
Other Services
- Account balancing assistance
- Cashiers Checks
- Debit/ATM 24 Hr. Teller
- Faxing
- Notary
- Photocopies
- Retirement plan
- Safe Deposit Boxes - Rio Grande checking, savings, or loan customers only. Sizes - 3x5, 3x10, 5x10, 10x10
- Stop Payments
- Voucher Checks
- Wire Transfers
- E-Statements
For more information about the fees and services offered at Rio Grande Savings & Loan, please feel free to contact us.
Each depositor insured to at least $250,000.00 temporarily increased from $100,000.00 to $250,000.00 through 12/31/2013.
As a well capitalized institution, there was no need for Rio Grande Saving and Loan to participate in the FDIC Transaction Guarantee program. Each depositor's transaction accounts are still insured up to $250,000 in accordance with FDIC rules.