Savings Accounts
Set yourself up for success.
Forge Your Own Path
Whether big or small, any amount of savings will help you reach both your short- and long-term financial goals. Maximize your growth and enjoy banking with a credit union that puts your needs first.
Which Savings Account Suits You Best?
Member Savings
A robust savings account that pays competitive dividends and establishes your membership at Montana Credit Union.
Peak Rewards Savings
Let us do the work for you. You can link your Peak Rewards Checking to this account and automatically transfer your earnings, while enjoying high APY on your savings balance.2
Christmas Club Savings
Avoid holiday-induced stress by setting aside funds for holiday-related expenses year-round with competitive dividends.
WINcentive Savings
A savings account offered exclusively to Montana Credit Union members.1 For every $25 you save, you’re automatically entered into a statewide drawing where you have a chance to win cash prizes.
Savings Accounts Rates
See all rates.
|
Balance |
Rate |
APY |
|---|---|---|
|
Qualifications to Earn the Higher Rate Qualifying for your Peak Rewards Checking automatically qualifies you for the highest Peak Rewards Savings rate, too. Enrollments must be in place and all of the following transactions and activities must post and settle to your Peak Rewards Checking account during each Monthly Qualification Cycle:
And if you don’t meet these qualifications, don’t worry — your accounts are still free. Plus, you’ll still earn our base rate on Peak Rewards Savings. And you can get right back to earning your full rewards the very next cycle that you qualify. |
||
|
Balance Balances up to $10,000 |
Rate 2.960% |
APY 3.00% |
|
Balance Balances over $10,000 |
Rate 0.01% |
APY 3.00% to 0.28% |
|
Balance All balances if qualifications not met |
Rate 0.01% |
APY 0.01% |
|
Account Name |
Minimum Required Opening Deposit |
Rate |
APY* |
|---|---|---|---|
|
*Annual Percentage Yield (APY) effective 11/2/24. |
|||
|
Account Name Member Savings |
Minimum Required Opening Deposit $25 |
Rate 0.01% |
APY* 0.01% |
|
Account Name IRA Savings |
Minimum Required Opening Deposit $100 |
Rate 0.995% |
APY* 1.00% |
|
Account Name Christmas Club Savings |
Minimum Required Opening Deposit $0 |
Rate 0.995% |
APY* 1.00% |
|
Account Name WINcentive Savings |
Minimum Required Opening Deposit $5 |
Rate 0.01% |
APY* 0.01% |
Start Your Financial Journey Here
If you’d like to open our WINcentive Savings account or Christmas Club account, please visit us in person.
FAQs
Statewide cash prizes are awarded monthly, quarterly, and annually. In addition, we hold monthly drawings just for Montana Credit Union members for an added chance to win. Monthly prize drawings are held on the 15th of each month. Start saving today!
When you visit us at any of our branches, please bring along a current photo ID, proof of your current address (such as a utility bill), and proof of your social security number. Our member services staff looks forward to helping you!
More questions? See our full list of FAQs or contact us.
Questions About Our Savings Accounts? Contact Us
Please use the convenient form below for general questions or comments. We promise to get back to you within 24 business hours. Note: Do not send sensitive information through our contact form or via email, since these modes of communication are not entirely secure.
Disclosures
-
1) You must be a Montana resident, be 18 years of age or older, and in good standing with the credit union to be eligible for a WINcentive Savings account. Children/minors are not eligible for a WINcentive Savings account. Only one WINcentive Savings account per social security number at Montana Credit Union. You must come in to a branch to open this account. Monthly drawings occur around the 15th of each month for the previous month’s entries, and we will notify you after the drawing if you are a winner.
This is a free account, with no monthly service fees. There are fees for any early withdrawals before the 12 month savings period is over ($10 for first withdrawal, $25 for second withdrawal). Please speak with a member services representative for more details.
2) Peak Rewards Savings: The Peak Rewards Savings APYs may be less than Peak Rewards Checking APYs. If qualifications in Peak Rewards Checking are met each monthly qualification cycle: (1) balances up to $10,000 in Peak Rewards Savings receive an APY of 3.00%; and (2) balances over $10,000 in Peak Rewards Savings earn 0.01% dividends rate on portion of balance over $10,000, resulting in 3.00% to 0.28% APY depending on the balance. If qualifications are not met on Peak Rewards Checking, all balances in Peak Rewards Savings earn 0.01% APY.
Dividends will be credited to your Peak Rewards Savings account on the first day of the following statement cycle. Nationwide ATM withdrawal fee reimbursements will be credited to your account on the first day of the following statement cycle.
APY = Annual Percentage Yield.
APY calculations are based on an assumed statement cycle of thirty-one (31) days. The advertised Peak Rewards Checking APY is based on compounding dividends. Dividends earned in Peak Rewards Checking are automatically transferred to Peak Rewards Savings each statement cycle and do not compound. Actual dividends amount paid may be less than advertised Peak Rewards Checking APY. The Peak Rewards Savings APYs may be less than Peak Rewards Checking APYs.
Rates, rewards, and bonuses, if any, are variable and may change after the account is opened without notice to you. No minimum balance is required to earn or receive the account’s rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings.
Additional Information:
Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, and debit card purchases processed by merchants and received by our credit union as ATM transactions. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards.
“Monthly Qualification Cycle” applicable to the Peak Rewards Checking and Peak Rewards Plus Checking accounts is defined as a period beginning the first day of the current statement cycle and ending the close of the current statement cycle. Contact one of our member service representatives for specific Monthly Qualification Cycle dates.
Membership restrictions may apply. Account approval, conditions, qualifications, limits, timeframes, enrollments, and other requirements apply. No minimum deposit is required to open these accounts.
Monthly automatic payments (ACH) and enrollment in online banking are conditions of these accounts. Enrollment in electronic services (e.g. online banking, e-statements) and log-ons may be required to meet some of the account’s qualifications.
There are no recurring monthly maintenance charges or fees to open or close this account.
A Peak Rewards Checking account is required to have a Peak Rewards Savings account. A linked Peak Rewards Plus Checking account is required for automatic savings.
Advertised information and rewards are based on all account qualifications being met during each cycle period.
Contact one of our member service representatives for additional information, account details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions.
Federally insured by NCUA.