ZestW

• Overall Rating
• Pros and Cons
• Savings
• Checking
• CD
• Money Market Account
• About Community 1st Bank Las Vegas
• FAQs
• Methodology
• How Community 1st Bank Las Vegas Compares

Our experts answer readers' banking questions and write unbiased product reviews (here's how we assess banking products). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.

The bottom line: You may like Community 1st Bank Las Vegas if you're a New Mexico resident who wants to open checking accounts or CDs with low minimum opening deposits. But if you prioritize savings account with higher rates, one of the best high-yield savings accounts may be more appealing.

• Community 1st Bank Las Vegas Savings Account
• Community 1st Bank Las Vegas Freedom 1st Checking Account
• Community 1st Bank Las Vegas CD
• Community 1st Bank Las Vegas Money Market Account

Community 1st Bank Las Vegas Review: Overall Rating

Community 1st Bank Las Vegas Pros and Cons

Community 1st Bank Las Vegas Savings Account Review

$1 quarterly service fee

0.10%

$100

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Possible to waive quarterly service charge
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Debit card offering

• con icon Two crossed lines that form an 'X'. Low APY
• con icon Two crossed lines that form an 'X'. $100 minimum opening deposit
• con icon Two crossed lines that form an 'X'. $1.00 quarterly service charge
• con icon Two crossed lines that form an 'X'. $1.00 charge on each debit transaction that exceeds the 4 quarterly limit
• con icon Two crossed lines that form an 'X'. Must keep more than $100 in your account daily to earn APY

• Hispanic American-owned bank
• 3 branches and one motor bank in Texas (Las Vegas, Mora)
• 4 free ATM locations in Texas (Las Vegas, Mora)
• To avoid the quarterly service charge, keep more than $100 in your account daily
• To earn APY, keep more than $100 in your account daily
• Interest compounded daily, deposited
• Member FDIC

The Community 1st Bank Las Vegas Savings Account is a decent option if you can maintain $100 in your account daily, so you can avoid the $1 quarterly service fee and earn interest.

If you're searching for a higher APY, one of the accounts in our best savings accounts guide may be a better fit.

Community 1st Bank Las Vegas Freedom 1st Checking Account Review

$1 monthly service fee

None

$5

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. $5 minimum opening deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Unlimited checks

• con icon Two crossed lines that form an 'X'. $1 monthly service charge
• con icon Two crossed lines that form an 'X'. Can't waive monthly service charge
• con icon Two crossed lines that form an 'X'. $7.50 overdraft fee
• con icon Two crossed lines that form an 'X'. $1.50 out-of-network ATM fee
• con icon Two crossed lines that form an 'X'. No overdraft protection

• Hispanic American-owned bank
• 3 branches and one motor bank in Texas (Las Vegas, Mora)
• 4 free ATM locations in Texas (Las Vegas, Mora)
• $1 monthly service fee
• $1.50 out-of-network ATM fee
• Member FDIC

You may like the Community 1st Bank Las Vegas Freedom 1st Checking Account if you prioritize a low minimum opening deposit. 

However, there are a couple of additional fees that can stack up if you don't manage your account closely. There's a  $1 monthly service fee that can't be waived, a $7.50 overdraft fee when you overdraw from your account, and a $1.50 charge each time you use an out-of-network ATM. Also, keep in mind that Community 1st Bank only has four free ATMs in New Mexico. 

Community 1st Bank Las Vegas CD Review

0.25% to 1.05%

$500

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Competitive APY
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. $500 minimum opening deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Term lengths from 6 months to 5 years

• con icon Two crossed lines that form an 'X'. Withdrawal penalties depend on term length and amount deposited

• Hispanic American-owned bank
• 3 branches and one motor bank in Texas (Las Vegas, Mora)
• 4 free ATM locations in Texas (Las Vegas, Mora)
• Term lengths from 6 months to 5 years
• Higher tiered rate for account balances with $100,000 or more
• Interest compounds daily, deposited monthly
• Member FDIC

Community 1st Bank's CDs are solid choices for anyone looking for standard term lengths with a low minimum opening deposit. However, the APY is low compared to other brick-and-mortar banks.

Community 1st Bank Las Vegas Money Market Account Review

$3 to $7 monthly service fee

0.10% to 0.20%

$2,500

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Possible to waive monthly service charge
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Debit card option
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Check writing option

• con icon Two crossed lines that form an 'X'. Low APY
• con icon Two crossed lines that form an 'X'. $2,500 minimum opening deposit
• con icon Two crossed lines that form an 'X'. Monthly service charge varies depending on your account balance
• con icon Two crossed lines that form an 'X'. Must keep at least $500 in your account to earn APY

• Hispanic American-owned bank
• 3 branches and one motor bank in Texas (Las Vegas, Mora)
• 4 free ATM locations in Texas (Las Vegas, Mora)
• $1.50 out-of-network ATM fee
• Tiered interest rate: Earn 0.05% APY if your account has an average daily balance between $500 and $24,999.99; Earn 0.10% APY if your account has an average daily balance between $25,000 and $249,999.99; Earn 0.15% APY if your account has an average daily balance of $250,000 or more
• Varied monthly service charge: $7 monthly service charge if you have a daily average balance of $1,000 or less; $5 monthly service charge if you have a daily average balance between $1,500 and $1,000; $3 monthly service charge if you have a daily average balance between $2,500 and $1,500
• To waive the monthly service charge, maintain more than $2,500 in your account daily
• Interest compounded daily, deposited monthly
• Member FDIC

Community 1st Bank offers a unique money market account with a varied monthly service charge — each month you'll have to pay $3 to $7 monthly service fee depending on your daily account balance. To avoid the monthly service charge entirely, keep more than $2,500 in your account daily.

About Community 1st Bank Las Vegas

Community 1st Bank Las Vegas is a Hispanic American-owned bank with three main branches and one motor bank in Mora and Las Vegas, New Mexico. The bank also has four ATMs in those cities.

Customer service is available at the branch location or through telephone Monday to Friday from 8 a.m. to 5 p.m.

The bank's mobile banking reviews are a mixed bag, so your mobile experience may vary depending on which phone you have. The bank's mobile app has 2 out of 5 stars in the Apple Store and 4.9 out of 5 stars in the Google Play Store.

Community 1st Bank Las Vegas is FDIC insured, so individual accounts are protected up to $250,000, and joint accounts are protected up to $500,000.

The Role of Hispanic American-led Financial Institutions

Hispanic American-owned financial institutions are integral to providing products and services to underserved communities. These institutions also help address banking gaps among Hispanic American communities.

Community 1st Bank Las Vegas branches in Mora and Las Vegas. According to the US Census, a majority of the population in these areas is Hispanic or Latino. 

Is Community 1st Bank Las Vegas Trustworthy? 

We use ratings from the Better Business Bureau to help determine the trustworthiness of a bank because the BBB looks at how businesses resolve customer issues. Community 1st Bank Las Vegas hasn't been rated yet by the BBB.

A good rating isn't necessarily the end-all-be-all in determining whether a bank may be right for you. You could also talk to friends or family if they've banked there or read online customer reviews. 

The bank has not gone through any public controversies in the last few years.

Community 1st Bank Las Vegas FAQs

Community 1st Bank Las Vegas has two main branches and one motor bank in Las Vegas, New Mexico. It also has one main branch in Mora, New Mexico. 

Yes, Community 1st Bank Las Vegas has 4 ATMs. Three ATMs are located in Las Vegas, New Mexico, and one is available in Mora, New Mexico.

Community 1st Bank Las Vegas is regulated by the FDIC. Hence, up to $250,000 per depositor, per ownership category is safe in a bank account.

Methodology: How We Reviewed Community 1st Bank Las Vegas

For our Community 1st Bank Las Vegas review, we rated bank products and services using our bank account methodology.

At Personal Finance Insider, we review specific features for each type of bank account. For example, we'll look at early withdrawal penalties and CD variety specifically for CDs. Meanwhile, for checking accounts, we'll factor in the ATM network size and fees, as well as its overdraft protection options.

We'll also usually examine minimum opening deposits, monthly service fees, customer support availability, and mobile app ratings for all types of bank accounts.

How Community 1st Bank Las Vegas Compares

Community 1st Bank Las Vegas vs. Centinel Bank of Taos

Centinel Bank of Taos is another Hispanic-American-led financial institution. Community 1st Bank Las Vegas will be a better choice if you prioritize a larger branch network. Centinel Bank of Taos only has one main location and two motor bank drive-thrus in Taos, New Mexico.

Community 1st Bank Las Vegas could be a good option if you are searching for lower monthly service fees on checking or savings accounts.

If you're more interested in CD options, your decision may depend on your account preference. Centinel Bank of Taos has low early withdrawal penalties. Meanwhile, Community 1st Bank of Las Vegas CDs have low minimum opening deposit requirements. For higher CD rates, our best CD rates guide has more competitive options than either bank. 

Community 1st Bank Las Vegas vs. Guadalupe Credit Union 

Frequent travelers will likely find Guadalupe Credit Union's branch presence and ATM network more appealing than Community 1st Bank Las Vegas. Guadalupe Credit Union has seven branches and is a part of the Co-Op Share Network and CU Anytime Network, which provides access to over 30,000 surcharge-free ATMs. 

However, to open bank accounts at Guadalupe Credit Union you must qualify for membership first. To become a credit union member, you, or a family must live or work in Santa Fe, Rio Arriba, Taos, Torrance, San Miguel, Colfax, or Mora. All members will also have to open a savings account. If you don't qualify for membership or do not want to open a savings account, Community 1st Bank Las Vegas will be your default option. 

Community 1st Bank Las Vegas has checking and CDs with low minimum opening deposits. You can find more competitive savings rates at other financial institutions, though. 

• Are banks open today? Here's a list of US bank holidays for 2023
• Best CD rates
• Best High-yield savings accounts
• Four reasons why your debit card might be denied even when you have money

Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this article are the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any card issuer. Read our editorial standards.

Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.

**Enrollment required.

Watch: Mark Cuban: Here's The Best Advice I Never Got

ncG1vNJzZmivp6x7o8HSoqWeq6Oeu7S1w56pZ5ufonyxsdGspqeZnGKzqrrAp5qeZ5Okuq7BzaKrsmVhqMFursCnomakkah6t7HGmqpmqpWrtqbD