Best CD Rates in Montana

For optimizing savings, relying on the best certificate of deposit (CD) rates is a smart strategy. The CD rates are highly credible to earn higher interest on their funds without taking on the risks associated with stock market investments.

In Montana, residents have access to a variety of financial institutions offering competitive CD rates. Securing a CD with a top rate can significantly boost your financial health.

In this regard, the following guide aims to introduce you to the best CD rates available in Montana. It helps you make an informed decision to maximize your savings potential.

Overall Best CD rates in Montana

No.	Name of the Bank	APY %	Term Length	Address
1	Fergus Federal Credit Union	1.09%	3-month	106 E Janeaux St, Lewistown, MT 59457
2	Mountain America Federal Credit Union	5.25%	6-month	2825 N Reserve St Missoula, MT 59808
3	Bank of Commerce	5.18%	6-month	110 S Idaho St Dillon, MT 59725
4	First State Bank of Malta	5.02%	6-month	1 S First St E PO Box 910 Malta, MT 59538
5	Big Sky Federal Credit Union	5.00%	6-month	990 Grand Ave Billings, MT 59102
6	Billings Federal Credit Union	5.00%	6-month	2522 4th Ave N Billings, MT 59101
7	Independence Bank	4.94%	6-month	300 US Hwy 2 E Wolf Point, MT 59201
8	Missoula Federal Credit Union	4.89%	6-month	1100 1st Ave N Great Falls, MT 59401
9	Black Hills Federal Credit Union	4.88%	6-month	1595 Grand Ave Billings, MT 59102
10	First State Bank of Shelby	4.85%	6-month	320 Main St PO Box 913 Shelby, MT 59474
11	Edtech Federal Credit Union	4.80%	6-month	1555 Harrison Ave PO Box 3726 Butte, MT 59701
12	Embark Federal Credit Union	4.80%	6-month	1500 River Dr N PO Box 2649 Great Falls, MT 59401
13	Horizon Credit Union	4.80%	6-month	1502 Dearborn Ave Missoula, MT 59801
14	American Bank	4.75%	6-month	501 E Main St PO Box 1970 Bozeman, MT 59715
15	Three Rivers Bank of Montana	4.55%	48-month	1704 Dearborn Ave, Missoula, MT 59801
16	Big Sky Federal Credit Union	4.50%	12-month	990 Grand Ave Billings, MT 59102
17	Billings Federal Credit Union	4.50%	12-month	2522 4th Ave N Billings, MT 59101
18	First Federal Bank & Trust	4.33%	6-month	1575 Shiloh Rd Billings, MT 59106
19	Peoples Bank of Deer Lodge	4.25%	6-month	430 Main St Deer Lodge, MT 59722
20	Community Bank, Inc.	4.20%	6-month	3010 American Way Missoula, MT 59808
21	Glacier Bank	4.20%	6-month	2501 Caitlin Missoula, MT 59801
22	Montana Health Federal Credit Union	4.14%	12-month	3100 2nd Ave N PO Box 2376 Billings, MT 59101
23	Rocky Mountain Bank	4.08%	6-month	1400 Prospect Ave, Helena, MT 59601
24	First Security Bank of Missoula	4.05%	60-month	2401 Grand Ave, Billings, MT 59102
25	Ruby Valley Bank	4.05%	6-month	103 N Main St, Sheridan, MT 59749
26	Mid Montana Federal Credit Union	4.04%	12-month	3200 Brooks St, Missoula, MT 59801
27	Opportunity Bank of Montana	4.01%	17-month	201 N Higgins Ave, Missoula, MT 59802
28	Valley Federal Credit Union of Montana	4.00%	12-month	2955 Grand Ave Billings, MT 59102
29	Bank of Bozeman	4.00%	15-month	2615 King Ave W, Billings, MT 59102
30	The Bank of Baker	4.00%	60-month	10 W Montana Ave, Baker, MT 59313
31	Great Falls Teachers Federal Credit Union	4.00%	18-month	1500 River Dr N, Great Falls, MT 59401
32	Yellowstone Bank	3.93%	3-month	Online
33	Little Horn State Bank	3.93%	12-month	835 N Center Ave, Hardin, MT 59034
34	Bank of Bridger	3.89%	17-month	875 Harmon Stream Blvd, Bozeman, MT 59718
35	Helena Community Credit Union	3.89%	24-month	915 Kessler St, Helena, MT 59601
36	Bank of the Rockies	3.86%	6-month	205 W Main St, White Sulphur Springs, MT 59645
37	Bank of Bridger, National Association	3.75%	12-month	401 N Broadway Ave PO Box 1548 Red Lodge, MT 59068
38	American Bank Montana	3.68%	3-month	400 Broadway St, Townsend, MT 59644
39	Daniels-Sheridan Federal Credit Union	3.67%	24-month	404 Main St, Scobey, MT 59263
40	Glacier Bank	3.50%	12-month	495 Main St Billings, MT 59105
41	McCone County Federal Credit Union	3.44%	6-month	220 S Montana St, Circle, MT 59215
42	Garfield County Bank	3.09%	12-month	444 Main St, Jordan, MT 59337
43	Freedom Bank	3.05%	6-month	530 9th St W, Columbia Falls, MT 59912
44	First Community Bank	3.02%	18-month	540 Main St, Stevensville, MT 59870
45	PenFed Credit Union	3%	6-month	Online
46	Stockman Bank of Montana	3.00%	12-month	1405 Grand Ave Billings, MT 59102
47	Farmers State Bank	3.00%	48-month	103 Main St, Victor, MT 59875
48	Butte Community Federal Credit Union	3.00%	24-month	2901 Grand Ave, Butte, MT 59701
49	Flathead Bank	2.75%	18-month	800 Grand Ave, Bigfork, MT 59911
50	Sky Federal Credit Union	2.70%	3-month	111 N B St, Livingston, MT 59047
51	Ravalli County Federal Credit Union	2.70%	12-month	501 N 1st St, Hamilton, MT 59840
52	Manhattan Bank	2.66%	36-month	124 S Broadway St, Manhattan, MT 59741
53	Park Side Credit Union	2.60%	36-month	1300 Baker Ave, Whitefish, MT 59937
54	Wells Fargo Bank, National Association	2.50%	6-month	213 W Main St Bozeman, MT 59715
55	1st Liberty Federal Credit Union	2.50%	6-month	6200 3rd Ave N, Great Falls, MT 59405
56	Bear Paw Credit Union	2.50%	18-month	201 2nd St, Havre, MT 59501
57	Richland Federal Credit Union	2.50%	60-month	201 W Holly St, Sidney, MT 59270
58	State Bank of Townsend	2.08%	12-month	233 E Idaho St, Kalispell, MT 59901
59	First Montana Bank	2.00%	6-month	1511 Shiloh Rd, Billings, MT 59106
60	Belt Valley Bank	2.00%	36-month	111 Castner St, Belt, MT 59412
61	Wolf Point Federal Credit Union	1.89%	12-month	215 3rd Ave S, Wolf Point, MT 59201
62	Lincoln County Credit Union	1.07%	60-month	714 W 6th St, Libby, MT 59923
63	Citizens Bank & Trust Co.	1.04%	18-month	101 S Main St, Bridger, MT 59014
64	Treasure State Bank	1.00%	6-month	T3660 Mullan Rd, Missoula, MT 59808
65	Western Security Bank	0.66%	6-month	124 N Last Chance Gulch, Helena, MT 59601

Current CD Rates of Montana

In the current financial landscape of Montana, CDs offer a secure and predictable way to earn interest on your savings over a fixed period.

This stability is particularly valuable in Montana. By locking in a competitive CD rate, Montanans can ensure their money works for them. It provides a safeguarded return that can help achieve personal financial goals.

Best 6 Month CD Rates

For those looking to make a short-term investment without tying up their funds for too long, finding the best 6-month CD rates is essential.

1.  Merrick Bank

Minimum Amount: $25000

APY / Rate: 4.40%

Pros:

• High-yield certificate of deposits
• FDIC insured investment up to maximum
• 24/7 access to the account
• Term options available from 3 months to 60 months
• Excellent customer support

Rules:

• CDs can be opened in the name of one person, or joint accounts in the names of more than one person, or payable on death.
• Once the CD is registered, a Truth-in-Savings disclosure with detailed information about the account is provided to the customer.
• Interest earned is credited to the account monthly on the very date the account was opened.

2.  Lone Star Bank

Minimum Amount: $1.000.00

APY / Rate: 4.25% APY

Pros:

• NCUA insured to at least $250,000
• Dividends can be compounded in certificates / deposited to another share/ transferred to another institution
• Option to renew on the maturity

Rules:

• Any withdrawal before maturity is charged with a penalty
• The amount you need to open a CD is $1,000, and the maximum balance is $250,000.

3. First Internet Bank of Indiana

Minimum Amount: $1000.00

APY / Rate: 4.59

Pros:

• Online-only CD options are available
• Highly competitive CD rates in a 1-year term
• Early withdrawal penalties are decent
• FDIC insured bank with investment covered to the max
• Terms ranging from 3 months to 5 years

Rules:

• Interest on CDs is compounded monthly and added to the account at the month’s end.
• Early withdrawal incurs a penalty amounting to:
• 1- 90 days interest for a 3-month term
• 2- 180 days interest for a 6-18 month term 3- 365 days interest for 24-60 month term

Best 1 Year CD Rates
 

When it comes to locking in savings for a bit longer, the best 1-year CD rates stand out as a solid choice. They provide a higher yield than many short-term savings accounts.

1. CommunityWide FCU

Minimum Amount: $1000.00

APY / Rate: 4.00% APY

Pros:

• NCUA insured to at least $250,000
• Dividends can be compounded in certificates / deposited to another share/ transferred to another institution
•  Option to renew on the maturity

Rules:

• Any withdrawal before maturity is charged with a penalty
• Penalty= amount of the withdrawal x  the remaining term (days) of the certificate at the rate of 2x the current APR (divided by 365)
• Dividends are paid at the end of the month

2. Bread Savings

Minimum Amount: $1500

APY / Rate: 4.50% APY

Pros:

• Excellent for earning a competitive interest rate on a savings account or CD.
• Without monthly services.
• Free domestic incoming wire transfers on savings account

Rules:

• APYs are subject to change at any time without notice
•  The penalty will be applied for early withdrawals on CDs
• At maturity, your CD will automatically renew and earn the base interest rate

3. First National Bank of America

Minimum Amount: $1000.00

APY Rate: 4.40% APY

Pros:

• Competitive APY on online CDs and high-yield savings accounts
• Fee-free access to 55,000 all ATM networks.
• Digital banking access online and via an app

Rules:

• Interest rates and APYs are subject to change without notice.
• Early withdrawal will reduce earnings and impose the penalty
• APY on all services will remain deposited until maturity.

Best 2 Year CD Rates

For individuals with a slightly longer investment horizon, the best 2-year CD rates can be an attractive option.

1. Bread Savings

Minimum Amount: $1500

APY / Rate: 4.50% APY

Pros:

• Excellent for earning a competitive interest rate on a savings account or CD.
• Without monthly services.
• Free domestic incoming wire transfers on savings account

Rules:

• APYs are subject to change at any time without notice
•  The penalty will be applied for early withdrawals on CDs
• At maturity, your CD will automatically renew and earn the base interest rate

2. Synchrony Bank

Minimum Amount: $0.00

APY / Rate: 4.30% APY

Pros:

• Best APY rate
• No minimum balance required
• High-yield savings options
• No penalty on premature interest withdrawal
• 10 days grace period after maturity to add more funds to the CD

Rules:

• The interest is compounded monthly and added to the account at the end of the month.
• There is no minimum balance required to earn interest.
• Also no penalty on premature withdrawals.

3. First National Bank of America

Minimum Amount: $1000

APY Rate: 4.40% APY

Pros:

• Competitive APY on online CDs and high-yield savings accounts
• Fee-free access to 55,000 all ATM networks.
• Digital banking access online and via an app

Rules:

• Interest rates and APYs are subject to change without notice.
• Early withdrawal will reduce earnings and impose the penalty
• APY on all services will remain deposited until maturity.

Best 3 Year CD Rates

Investors looking for a medium-term saving strategy often turn to the best 3-year CD rates. This term length offers a favorable return on investment.

1.  Bread Savings

Minimum Amount: $1500

APY / Rate: 4.50% APY

Pros:

• Excellent for earning a competitive interest rate on a savings account or CD.
• Without monthly services.
• Free domestic incoming wire transfers on savings account

Rules:

• APYs are subject to change at any time without notice
•  The penalty will be applied for early withdrawals on CDs
• At maturity, your CD will automatically renew and earn the base interest rate

2.  Pentagon Federal Credit Union

Minimum Amount: $1000.00

APY / Rate: 4.05% APY

Pros:

• Easy online and mobile access.
• Checking account dividends are compounded daily and paid monthly
• 85,000 free ATM network access nationwide.
• Competitive APY rates.

Rules:

• NCUA insured.
• Rates are the same and are subject to change.
• Penalties applied for early withdrawal.
• The penalty will be 30% of the gross amount of dividends after 365 days of the open date.

3. Synchrony Bank

Minimum Amount: $0.00

APY / Rate: 4.30% APY

Pros:

• Best APY rate
• No minimum balance required
• High-yield savings options
• No penalty for premature interest withdrawal
• 10 days grace period after maturity to add more funds to the CD

Rules:

• The interest is compounded monthly and added to the account at the end of the month.
• There is no minimum balance required to earn inter

Best 5 Year CD Rates

5-year CD rates offer the highest interest rates among CDs, rewarding the investors with a substantial return for the long-term commitment to saving.

1. Bread Savings

Minimum Amount: $1500

APY / Rate: 4.75% APY

Pros:

• $1,500 minimum opening deposit
• FDIC insured
• Zero service charges
• Interest Accrued and compounded daily & Credited and posted monthly

Rules:

• APYs are subject to change at any time without notice
• The penalty will be applied for early withdrawals on CDs
• The penalty is calculated based on 365 days of simple interest.
• $25 per outgoing wire transfer
• Auto-renew at maturity or cash out without penalty within the 10-day grace period

2. Popular Direct

Minimum Amount: $10000

APY / Rate: 4.50%

Pros:

• Highly competitive rates for 6-month CDs
• 24/7 access to the bank account
• No hidden fees or charges
• Customer support for all sorts of queries and concerns
• FDIC insured bank up to maximum

Rules:

• APY can be earned assuming the interest and the principal remains on deposit until maturity.
• Interest is compounded monthly and added to the account at the end of the month.
• Early withdrawal fetches a penalty and there is a grace period after maturity to add additional funds to the CD

3. Synchrony Bank

Minimum Amount: $0.00

APY / Rate: 4.30% APY

Pros:

• Best APY rate
• No minimum balance required
• High-yield savings options
• No penalty for premature interest withdrawal
• 10 days grace period after maturity to add more funds to the CD

Rules:

• The interest is compounded monthly and added to the account at the end of the month.
• There is no minimum balance required to earn interest.
• Also no penalty on premature withdrawals.

Montana Economic Statistics

Montana’s economic landscape offers a unique context for investors who are looking into CD rates. With an average household income of approximately $57,153, the state presents a solid foundation for personal financial growth and savings.

The average home value in Montana has seen a significant rise over the years, reaching around $442,052. It reflects the state’s growing appeal and economic stability. With a population of just over 1 million people, Montana’s community-driven and expansive geographic nature contribute to a varied economic environment.

Statistic	Value	Context
Average Household Income	$57,153	Solid foundation for personal financial growth and savings.
Average Home Value	$442,052	Reflects Montana’s growing appeal and economic stability, suggesting a robust real estate market.
Population	Over 1 million	Montana’s community-driven and expansive nature contributes to a varied economic environment.

For investors, these statistics underscore the importance of finding competitive CD rates in Montana.

How to Get Best CD Rates in Montana?

To secure the best CD rates in Montana, investors should;

• Start by conducting thorough research across both local and national financial institutions, including banks and credit unions.
• Given the competitive nature of interest rates, it’s essential to compare offerings from various sources, as local credit unions often provide higher rates compared to traditional banks.
• Online banking platforms can also offer compelling rates due to their lower operational costs.
• Additionally, understanding the prevailing economic conditions in Montana and how they impact interest rates can guide you towards choosing the right time to lock in a CD.

Apart from all this, by employing a combination of these strategies, Montanans can enhance their chances of finding the most attractive CD rates that meet their financial goals and timelines.

CD Rates Methodology

Our methodology for reviewing CD rates involves a comprehensive and detailed analysis of offerings from a wide range of financial institutions. In this rigorous process, we reviewed CD rates from 89 banks. Out of these, 65 institutions made our list.

The selection process focused on identifying those banks and credit unions that not only offer the most favorable CD rates but also maintain a reputation for reliability and customer service. Factors such as minimum deposit requirements, early withdrawal penalties, and the ease of opening an account were also considered.

Conclusion

In conclusion, investors should consider not only the interest rates but also the terms and conditions associated with each CD to ensure that their investment aligns with their financial goals and timelines.

By staying fully informed and getting thorough insights from our methodology, individuals can effectively navigate the CD market in Montana, enhance their savings and achieve their financial objectives with confidence.

FAQs