Montana Banking Rates and News

Tuesday, March 29, 2011 - 10:23 AM by Ken Tumin

Every now and then Doral Bank Direct offers competitive CD rates. Its latest deal is a 1-year CD with a 1.40% APY. Minimum deposit is $1,000. This is the only rate that's competitive. All the other CD rates are low. These rates are listed in the bank's CD page as of 3/29/2011.

My last report on this bank was about a year ago when they were offering a 1-year CD special. One odd thing is their requirement to close out a CD. You have to send them the original Certificate that was sent to you...

2.59% 10-Month CD at Altana FCU in Montana - Local Only

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Wednesday, August 19, 2009 - 6:11 PM by Ken Tumin

Update 11/26/09: The 21-month CD special rate has fallen to 2.10% APY. Please check the credit union's website for the latest rates.

Altana Federal Credit Union is offering a hot CD special with a 2.59% APY and a 10-month term. Minimum deposit is $500. The special is listed at the top of the credit union's certificates rate table as of 8/19/09.

Membership is open to those who live, work, worship or attend school in the Montana counties of Yellowstone, Carbon, Stillwater, Sweet Grass, Wheatland, Golden Valley and Musselshell. Please refer to the credit...

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2.51% 13-Month CD with a Limited Add-On Feature at Choice Financial - Nationally Available

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Monday, July 13, 2009 - 8:57 AM by Ken Tumin

Update 7/24/09: The RateBuilder CD rate has fallen to 2.21% APY.

Choice Financial continues to offer a very competitive 13-month CD as part of its RateBuilder Accounts. When I first posted on Choice Financial in May, they were offering hot deals on both the savings account and this CD. In less than a week after the post, they made substantial rate cuts. The CD rate fell from 3.01% to 2.51% APY. As of 7/13/09, the CD rate is still 2.51% APY which is now a very competitive rate for a 13-month maturity. In addition, it has...

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High Yield Savings Account and CD at Choice Financial - Nationally Available

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Friday, May 8, 2009 - 9:35 AM by Ken Tumin

Update 7/24/09: Rates have dropped. Rate Builder Savings: 2.26% APY 30-day intro, 1.26% APY $5K-$25K, 1.51% APY $25K-$100K, 1.76% APY $100K+. Rate Builder 13-mo CD: 2.21% APY.

Update 5/12/09: Rates have dropped. Rate Builder Savings: 2.76% APY 30-day intro, 1.76% APY $5K-$25K, 2.01% APY $25K-$100K, 2.26% APY $100K+. Rate Builder 13-mo CD: 2.51% APY. Rates are from disclosure.

Choice Financial has two attractive deposit account deals: a savings account with a rate of up to 3.26% APY and a 13-month CD with a rate of 3.01% APY. The bank calls these their RateBuilder accounts. The savings account and...

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4.01% Reward Checking Account at Treasure State Bank in Montana

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Sunday, April 26, 2009 - 10:15 PM by Ken Tumin

Treasure State Bank is offering a reward checking account with the following rates and features if certain monthly requirements are met:

4.01% APY on balances up to $50,000
1.01% APY on balances over $50,000
0.10% base rate if qualifications are not met
Refund of ATM fees nationwide without limits

The monthly requirements include:

10 Visa debit card purchases
One direct deposit or ACH debit
Receive e-statements

Additional features of the account regardless of the monthly requirements include:

$100 minimum initial deposit
No minimum balance requirement
No monthly service charge
Multiple accounts are allowed, but requirements must be met for each account

There's an online application, but it appears a branch...

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$101 Checking Account Bonus at Sterling Savings Bank on the West Coast

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Wednesday, February 11, 2009 - 9:45 AM by Ken Tumin

Sterling Savings Bank is advertising a checking account promotion in which you can earn $101 for opening a checking account and enrolling in 3 of 4 of the following within 90 days of account opening:

Bill Pay
Online Statements
minimum of 1 incoming Direct Deposit or ACH credit
use your Check Card a minimum of 3 times (can be ATM, PIN-based or signature-based transactions)

Some other important details mentioned in the small print include:

New accounts will be reviewed three full calendar months after account opening and the $101 will be credited to your checking account within four calendar months...

4.15% 24-Month CD at a WA/ID/MT/OR Bank (Golf Savings)

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Wednesday, May 21, 2008 - 9:30 AM by Ken Tumin

Update 6/14/08: The rates have gone up! The new 24-month CD yield is 4.15% APY. The title has been modified to reflect this change.

Golf Savings Bank has some competitive rates on its certificates of deposit. Its 2-year CD is the most competitive with a yield of 4.05% APY. The longer term CDs also have decent yields: 4.25% APY 3-year CD, 4.30% APY 4-year CD and 4.50% APY 5-year CD. The minimum deposit is $10,000.

It appears a branch visit is required. Branches are located in Washington State, Idaho, Montana and Oregon. The bank has...

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4.01% Reward Checking Account at a Montana Bank (Rocky Mountain)

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Thursday, April 10, 2008 - 9:03 AM by Ken Tumin

Update 3/31/09: The top yield has fallen to 4.01% APY. Refer to the bottom of the post for the rate history.

Rocky Mountain Bank has a reward checking account that pays 4.01% APY on balances up to $20,000 (1.01% for above) and refunds ATM fees (up to $20 per cycle) if the following monthly requirements are met: 1) 15 signature-based Visa Debit Card purchases, 2) one direct deposit, and 3) receive electronic statements. If these are not met, the rate falls to 0.25%. The minimum opening deposit is $25. There are no minimum balance requirements or monthly...

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5.51% 25-Month / 5.43% 13-Month CD at a Montana CU (Summit)

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Monday, November 12, 2007 - 9:16 AM by Ken Tumin

Summit Credit Union is offering certificate specials which include a 5.51% APY 25-month CD, a 5.43% APY 13-month CD and a 5.22% APY 48-month CD. The minimum deposit is $5,000. The credit union also has some high rates on its jumbo CDs which require a minimum of $75K. The highest rate is 5.59% APY for a 24-month term.

Memberhsip is open to anyone who lives, works and worships in any of the following Montana counties: Yellowstone, Carbon, Mussellshell, Stillwater, Rosebud, Sweet Grass, Big Horn and Treasure. Please refer to the credit union's...

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3.51% Reward Checking Account at Bank of Idaho

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Wednesday, November 7, 2007 - 9:03 AM by Ken Tumin

Update 7/26/09: The top yield has fallen to 3.51% APY. See bottom of post for the rate history.

Bank of Idaho is offering a reward checking account that pays 3.51% APY on balances up to $25K (0.51% over) and refunds ATM fees (up to $25/cycle) if the following monthly requirements are met: 1) 10 Visa Debit Card transactions, 2) Direct Deposit or ACH auto debit, 3) receive electronic statements, and 4) one login to online banking. If these are not met, the rate falls to 0.25%. There are no monthly fees or minimum balance regardless of meeting...

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$101 Checking Account Bonus at Sterling Savings Bank

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Thursday, August 23, 2007 - 9:05 AM by Ken Tumin

Sterling Savings Bank is offering a $101 bonus for any new Perfect Fit Checking account. The bonus requires trying 3 of the following 4 services within the first 90 days: 1) check card used at least 3 times at an ATM or for purchases, 2) one direct deposit or ACH credit, 3) enroll in 1-2-Free Bill Pay, and 4) enroll in online statements. Free checking requires a minimum opening deposit of $100. The offer is available through October 31, 2007.

Some other details of this promotion include: Offer is only for the first new checking...

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5.50% 9-Month CD at a Montana CU (Valley)

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Friday, July 13, 2007 - 8:47 AM by Ken Tumin

Valley Federal Credit Union is offering a promotional 9-month certificate with a yield of 5.50% APY. The minimum deposit is $1,000, and at least 50% of the money must be new to the credit union.

Field of membership includes those who live or work in one of the following Montana counties: Yellowstone, Golden Valley, Stillwater, Big Horn, Musselshell, Sweetgrass, Carbon and Treasure. See site for details. Membership requires a minimum deposit of $25 into the regular savings account.

Branches are located in Billings, Columbus and Roundup. The credit union is...

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