Investments & Savings

Peak Money Market **

With a minimum opening balance of $10,000, this investment savings account takes advantage of changing interest rates.

  • Tiered balance structure with higher yields paid on larger account balances
  • Earnings paid on daily available balances
  • If average account balance falls below $10,000 during the statement cycle: $10 monthly service fee and the rate for the entire period reverts to the Premium Checking interest rate

Money Market Account **

With a minimum balance of $2,500, this account is designed to help you earn interest on your savings while giving you the flexibility of writing checks.

  • Tiered balance structure with higher yields paid on larger account balances
  • If average account balance falls below $2,500 during the statement cycle: $10 monthly service fee and the rate for the entire period reverts to the Premium Checking interest rate

Tiered Savings **

With a minimum balance as low as $25, this account is a good cash management tool.

  • Tiered balance structure with higher yields paid on larger account balances
  • $5 monthly service charge if your balance falls below the $25 minimum
  • 5 FREE withdrawals per month: If over 5 withdrawals, charge of $1 per withdrawal including the first five
  • FREE Telebank
  • First box of pre-printed checks FREE
  • Overdraft Privilege on eligible accounts

Certificates of Deposit (CDs)

Mountain West Bank offers flexible terms and competitive rates on these popular investment tools. We can add earned interest to your CD at maturity, or credit your Mountain West Bank checking or savings account.

Medical Savings Account

With a $300 minimum balance, this savings account is designed especially for health care costs.

  • $5 monthly service charge if balance falls below the $300 minimum balance
  • Eligible expenses include the deductible and premiums on your health care insurance and expenses incurred for long-term care
  • May provide a State income tax deduction *
  • No "use it or lose it" requirements

* Applies only to State of Montana personal income tax returns and is subject to compliance by the account holder. Account holder, please refer to tax professional for record keeping and eligibility requirements.

Health Savings Account (HSA)

With a $200 minimum balance, this account is designed to pay for or reimburse the qualified medical expenses of an HSA owner and his/her family members.

  • $4 monthly service charge if balance falls below the $200 minimum balance
  • Fully deductible contributions
  • Tax-free distributions for qualified medical expenses
  • No "use it or lose it" requirements
  • Not all customers are eligible for an HSA

Coverdell Education Savings Accounts (CESAs)

Education accounts for your children and grandchildren help ensure that the money will be there when they are ready to pursue their goal of a higher education.

  • Contributions are not tax-deductible, but earnings are tax-deferred
  • Helps parents/students pay for qualified education expenses: tuition, fees, books, supplies and equipment
  • May be established for any child (beneficiary) under the age of 18
  • Qualified distributions are tax-free to the beneficiary

** All savings products are limited to six transfers per statement cycle if by pre-authorized or automatic transfer, or telephone agreement. With the Money Market account, three of these transfers can be made by check, draft, or debit card payable to third parties. Transfers made in-house (at the teller window), by mail or ATM are unlimited.
Withdrawals that exceed these limitations will cause these accounts to be closed and funds transferred to a checking account.