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Montana Savings Rates 2017

If you have your savings dollars in a bank with low savings rates, then you are losing real money. With the magic of compounding interest, even an interest rate difference under 1% can really add up over time. See our Savings Booster Calculator to see why you should seek out a higher interest rate. The table below has an unbiased list of the savings and money market account rates of FDIC-insured banks that are near your current location (if they aren’t, then change the zip code above). Take a few minutes to explore these options and see how you can boost your savings by more than 6X the national average rate. You may also want to check credit unions near you or online banks by navigating through the tabs above. There is competition for your money. Take advantage of it!

MT - January 19, 2017

Savings Account National Average Rate: 0.13% ?

Freedom Bank 0.50% 4.00x $25,000 -
Garfield County Bank 0.50% 4.00x $2,500 -
The First State Bank of Malta 0.40% 3.20x $1 -
The First State Bank of Shelby 0.35% 2.80x $1 -
The First State Bank of Malta 0.35% 2.80x $1,000 -
Merchants Bank 0.30% 2.40x $25,000 -
Valley Bank 0.30% 2.40x $25,000 -
Garfield County Bank 0.30% 2.40x $50 -
Stockmens Bank 0.25% 2.00x $2,500 -
The First State Bank of Shelby 0.25% 2.00x $1 -
Freedom Bank 0.25% 2.00x $5,000 -
Bank of Bridger, National Association 0.25% 2.00x $10,000 -
Merchants Bank 0.25% 2.00x $10 -
1st Bank 0.20% 1.60x $25,000 -
Bank of Bridger, National Association 0.20% 1.60x $25,000 -
Independence Bank 0.20% 1.60x $1,000 -
Valley Bank of Kalispell 0.20% 1.60x $25,000 -
Citizens Alliance Bank 0.20% 1.60x $25,000 -
First Interstate Bank 0.20% 1.60x $10,000 -
Valley Bank 0.20% 1.60x $1 -
Merchants Bank 0.20% 1.60x $1,000 -
Ruby Valley National Bank 0.18% 1.44x $25,000 -
American Bank 0.18% 1.44x $25,000 -
Pioneer Federal Savings and Loan Association 0.16% 1.28x $2,500 -
First Interstate Bank 0.15% 1.20x $1 -
Prairie Mountain Bank 0.15% 1.20x $500 -
Bank of Bridger, National Association 0.15% 1.20x $10,000 -
Western Bank of Wolf Point 0.15% 1.20x $10,000 -
First Security Bank of Malta 0.15% 1.20x $1 -
Valley Bank of Kalispell 0.15% 1.20x $10,000 -
1st Bank 0.15% 1.20x $1,000 -
First Security Bank of Roundup 0.15% 1.20x $25,000 -
Bank of Bozeman 0.15% 1.20x $10,001 -
First Security Bank of Deer Lodge 0.15% 1.20x $2,500 -
Ruby Valley National Bank 0.10% 0.80x $200 -
First Madison Valley Bank 0.10% 0.80x $25,000 -
Citizens Bank & Trust Company 0.10% 0.80x $10,000 -
Valley Bank of Kalispell 0.10% 0.80x $1 -
First Interstate Bank 0.10% 0.80x $1 -
Bank of Bridger, National Association 0.10% 0.80x $1 -
1st Bank 0.10% 0.80x $1 -
Belt Valley Bank 0.10% 0.80x $1 -
Citizens Alliance Bank 0.10% 0.80x $50 -
American Bank 0.10% 0.80x $1,000 -
The Yellowstone Bank 0.10% 0.80x $10,000 -
Beartooth Bank 0.10% 0.80x $10,000 -
Eagle Bank 0.10% 0.80x $100 -
Stockmens Bank 0.10% 0.80x $100 -
Glacier Bank 0.10% 0.80x $25,000 -
Freedom Bank 0.10% 0.80x $50 -
First Community Bank 0.10% 0.80x $25,000 -
Western Bank of Wolf Point 0.10% 0.80x $300 -
Pioneer Federal Savings and Loan Association 0.10% 0.80x $1 -
First Security Bank of Roundup 0.10% 0.80x $10,000 -
First Interstate Bank 0.09% 0.72x $10,000 -
First Security Bank of Helena 0.08% 0.64x $25,000 -
Opportunity Bank of Montana 0.08% 0.64x $20,000 -
The Bank of Commerce 0.08% 0.64x $1 -
Bank of Bozeman 0.08% 0.64x $1 -
Little Horn State Bank 0.08% 0.64x $1 -
American Bank 0.08% 0.64x $300 -
Citizens Bank & Trust Company 0.08% 0.64x $1,000 -
First Interstate Bank 0.08% 0.60x $10,000 -
First Interstate Bank 0.07% 0.56x $10,000 -
Glacier Bank 0.07% 0.56x $10,000 -
American Bank Center 0.07% 0.56x $10,000 -
Valley Bank of Ronan 0.07% 0.56x $25,000 -
Eagle Bank 0.07% 0.56x $2,501 -
Citizens Bank & Trust Company 0.07% 0.56x $200 -
Farmers State Bank 0.07% 0.56x $17,500 -
Three Rivers Bank of Montana 0.06% 0.48x $2,500 -
First Citizens Bank of Polson, National Association 0.06% 0.48x $200 -
Valley Bank of Ronan 0.06% 0.48x $100 -
Glacier Bank 0.06% 0.48x $25,000 -
U.S. Bank National Association 0.06% 0.48x $10,000 -
Opportunity Bank of Montana 0.06% 0.48x $20,000 -
Ruby Valley National Bank 0.05% 0.40x $1,000 -
Bank of The Rockies, National Association 0.05% 0.40x $1 -
Farmers State Bank 0.05% 0.40x $1 -
American Bank Center 0.05% 0.40x $2,500 -
First Madison Valley Bank 0.05% 0.40x $50 -
First Security Bank 0.05% 0.40x $1,000 -
First Citizens Bank of Polson, National Association 0.05% 0.40x $10,000 -
First Interstate Bank 0.05% 0.40x $1 -
Beartooth Bank 0.05% 0.40x $100 -
Glacier Bank 0.05% 0.40x $1 -
The Yellowstone Bank 0.05% 0.40x $100 -
First Security Bank of Helena 0.05% 0.40x $100 -
First Security Bank of Roundup 0.05% 0.40x $1 -
First Community Bank 0.05% 0.40x $100 -
Prairie Mountain Bank 0.05% 0.40x $1 -
U.S. Bank National Association 0.05% 0.40x $10,000 -
1st Bank 0.05% 0.40x $25 -
Valley Bank of Ronan 0.05% 0.40x $10,000 -
Little Horn State Bank 0.05% 0.40x $1 -
The Bank of Commerce 0.05% 0.40x $100 -
Opportunity Bank of Montana 0.05% 0.40x $1 -
Opportunity Bank of Montana 0.04% 0.32x $100 -
U.S. Bank National Association 0.04% 0.32x $1,000 -
Manhattan Bank 0.03% 0.24x $1 -
Little Horn State Bank 0.03% 0.24x $1 -
Bank of The Rockies, National Association 0.03% 0.24x $1,000 -
Three Rivers Bank of Montana 0.03% 0.24x $1 -
First Security Bank 0.03% 0.24x $1 -
Valley Bank of Ronan 0.03% 0.24x $1,000 -
Glacier Bank 0.03% 0.24x $1 -
First Citizens Bank of Polson, National Association 0.02% 0.16x $1,000 -
Glacier Bank 0.02% 0.16x $1 -
First Montana Bank, Inc. 0.02% 0.16x $1 -
U.S. Bank National Association 0.01% 0.08x $1 -
Glacier Bank 0.01% 0.08x $1 -
Wells Fargo Bank, National Association 0.01% 0.08x $1 -
American Bank Center 0.01% 0.08x $25 -
Summit National Bank 0.01% 0.08x $500 -

BestCashCow strives to maintain the most accurate rates. If you find a rate that is not accurate, please let us know by commenting below so that we can update it. Thank you for your help.


Local Savings Accounts 2017

Savings accounts offer depositors flexibility along with the stability of FDIC insurance (assuming your deposit amounts are within FDIC limits – see below). Savings accounts are a good place to keep money for unforeseen expenses, as well as money that you may be preparing to use and want to keep safe. Individuals often use savings accounts for a home down payment, a vacation, a wedding, a car, an emergency fund, or other near-term expenditures. However, if you have cash that you do not believe you will need for at least a year, you may want to consider investing in a certificate of deposit.

While online savings account have grown in popularity and usage dramatically over the past fifteen years, some consumers prefer opening an account in a branch and having a personal relationship with the people who safeguard their money. Physical branches also provide an easy way to get cash instantly, to deposit checks, to access to notaries, and sometimes to get free coffee and donuts.

You will find a map with all banks that are close to you here.

FDIC Insurance

BestCashCow strongly recommends that when depositing money, you stay within the insured limits of the Federal Deposit Insurance Corporation (“FDIC”). You should not deposit over $250,000 at a single bank across all products (savings or share certificates, certificates of deposit or time deposits, etc.) unless these deposits are made across different product types (individual, joint, etc). Learn more about FDIC insurance and different product types here. If you are still uncertain whether you are within FDIC limits, you should visit the FDIC's website to determine your coverage limits based on your circumstances.

Advantages of Local Savings or Money Market Accounts:

  • Higher interest rate than a checking account, usually.
  • Personal service and interaction. Unlike an online account you are building a relationship with your banker by opening it in a branch.
  • Online access. Often, depending on the size of the bank, banks enable transactions and deposits to be performed online or through a mobile application.
  • Liquidity. Depositors can withdraw their money at any time.


  • A variable interest rate. Rates can change at any time. In a falling rate environment, this is a negative. In a rising rate environment, this is a positive.
  • A lower rate than an online bank. Branches are expensive and non-online banks often can't afford to pay as much interest as an online bank.


Why do savings rates vary so much?

Even though rates are at levels that are historically very low, there is competition for your money. Like any active marketplace, there are buyers and sellers of goods and services at different prices. Banks have different cost structures and they also have different needs for capital. This leads to different rates.

BestCashCow’s surveys show that online banks offer higher savings and CD rates because they have lower expenses from not having to maintain brick-and-mortar locations. Therefore, we strongly recommend that all depositors consider the rates at online banks as savings and money market accounts online can easy be set up to enable quick transfers to your favorite local bank.

What is the difference between a savings account and a money market account?

The differences between a savings account and a money market account are largely arcane. Some money market accounts offer more ways access deposits by issuing checks and debit cards, but prudent consumers will compare the two interchangeably, focusing primarily on rates and service among FDIC-insured banks (or NCUA-insured, for credit unions). Most savvy consumers who plan their expenses and financial needs ahead find the additional functionality offered by money markets to be of little value and will choose whichever account (savings or money market) has the higher rate.

What does annual percentage yield (APY) mean?

Savings rates are displayed in terms of APY to indicate the effective annual-interest return, including the compounding of interest, of the course of a single year. $100,000 deposited in a savings or CD account with a 1.20% APY will earn $1,200 in the course of the year, but monthly interest in the first few months may be less than $100 a month (this also depends on the number of days in the month). Hence, the APY rate is ordinarily a couple of basis points above the real interest rates. Unlike with a Certificate of Deposit, your actual APY in a savings may vary if the rate changes.

How do I choose the right savings account and should I consider CDs?

Begin your search with the table here on that you have found. In addition to checking online savings rates, you should also check local bank rates and local credit union rates. If you are unlikely to require access to your cash for some time, you may also consider certificates of deposit (CDs). While CDs have penalties for early withdrawal that may even eat into your principal, the rates on 2, 3, 4 and 5 year CDs are ordinarily significantly higher than savings rates. Several other sections and articles on BestCashCow can also help you to identify your proper cash allocation between savings and CDs. Access these below. You should also familiarize yourself with our Savings Booster Calculator in order to understand the importance of compounding interest at higher rates on your savings over time.


  • Find a bank with a location convenient to you. Location counts.
  • Choose a bank with good rates. Rates are important to get continued growth of your capital.
  • Choose a bank with an extensive network of fee-free ATM machines or which reimburses out-of-network ATM fees, if you still need to regularly access cash.
  • Avoid fees. Choose a bank which doesn’t have service fees provided you maintain a certain balance, which doesn’t charge for ACH inbound and outbound transfers, and which has low fees for things like international wire transfers and bounced checks.
  • Choose a healthy bank. If you click on a bank above, you’ll be taken to the bank’s financial detail. A healthy bank has happy employees and provides loyal service to its customers. No matter how healthy your bank is, stay within FDIC insurance limits.
  • Find something of value to offset what may be slightly lower rates than online accounts offer. Develop personal relationship with your bankers. Personal relationships can help you to get appropriate financial advice, and to navigate financial challenges and needs in the future. (Be careful with the financial advice you and be sure it is appropriate. Inappropriate financial advice is worth a lot less than no financial advice.) They can also put you in touch with others in your community who could be valuable personally and professionally to know. If you don't use your local savings account as an opportunity to build these relationships, you may find that you are better of banking online.
  • Choose a bank that is going to let you access your cash when you need. The great benefit of savings accounts over any other financial product (including CDs) is that you have absolute liquidity. If your bank in creating impediments to accessing your cash (paperwork, fees, etc.), then you need another bank.
  • Be aware that you can have more than one account. Having a great local savings account at a large or small bank near you can be great, but it doesn't need to stop you from opening one or more online savings accounts, or even developing a relationship with another local bank or credit union.


Find out how much extra money you can earn by moving your bank money into an account that pays more.

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  • george koshefsky

    April 21, 2015

    Where is the list of the worst online banks to bank with or the States to avoid

  • ctyank January 19, 2015

    January 19, 2015

    Liberty Bank...Hamden, branch opening...special savings rate, 1.50% up to $100,000.00 through not beleive it is available to om-line customer(s)...checking account linked, free...

  • Sol @ Travis

    September 29, 2013

    @ Travis

    In many cases we do provide this information. For example, the Belmont Savings Bank rate you list above comes with a clear disclaimer if you click the Learn more button. We're always trying to improve though and will certainly continue to gather additional information. Thanks for your comment.

  • Travis MacDonald

    September 29, 2013

    I find the numbers decieving. Some of your banks listed with the highest APR have many restrictions and requirements. I feel that these should be listed on your site in the "details" section to avoid any "bait-and-switch" claims. For instance, Belmont Savings Bank in Belmont, MA is listed as having a 1.00% APR, but the savings account requires a companion checking account with a daily average balance of 250,000. Another example is Salen Five cents Bank under the online banks. The account listed is not available on their website. When I inquired about it, they told me that particular savings product was reserved as an add-on for accounts with daily balances in excess of $10,000. It seems alot of research went into the details pages in terms of company financials and whatnot. Seems like a little more research could be done on the savings and checking products themselves.

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