Prepare for your future and start your retirement plan now. Montana First offers a number of IRAs to help you reach your retirement goals.

Apply For A Montana First Savings Account

Account Features

IRA Shares

IRA Certificates

Description Our savings account developed for members who want to make regular deposits to their IRA. Our savings option for individuals who will not need access to their funds for a set period of time and want to earn higher dividends than regular share accounts.
Minimum Opening Balance $5.00 $500
Minimum Balance Required to Earn Dividends None $500
Fees None Early withdrawal penalty
Age Requirement Must be 59 1/2 to withdrawal without penalty Must be 59 1/2 to withdrawal without penalty
Transaction Limitations None No deposits allowed once CD is opened



Types of IRAs

  • Traditional IRA
    Offers both tax-deferred earnings and growth investments for retirement. Contributions may be tax deductable, and withdrawals are taxed. 
  • Roth IRA
    A Roth IRA is contributed to after earnings are taxed and is also a growth investment for retirement. While contributions are not tax deductible, withdrawals may be tax free.
  • SEP (Simplified Employee Pension) IRA
    A SEP IRA is primarily for small businesses and self-employed individuals. It enables employers to make contributions for their eligible employees and allows self-employed people to make contributions to an IRA.
  • Coverdell Education Savings Account (ESA)
    An ESA account is a growth investment for qualified higher education expenses. Ideal for any parents or guardians wishing to start saving for their children's education. Earnings are tax-deferred and withdrawals may be  tax-free.

Share Certificate IRA Rates (Last Modified: Feb 07, 2014)

TermRate TiersDividend RateAPY
12 Month IRAMin. $500.000.20%0.20%
24 Month IRAMin. $500.000.25%0.25%
36 Month IRAMin. $500.000.45%0.45%
48 Month IRAMin. $500.001.00%1.00%
60 Month IRAMin. $500.001.90%1.92%
IRA SharesAll Balance Ranges0.05%0.05%

APY= Annual Percentage Yield.
The IRA rates shown are for Traditional, Roth, and Coverdell IRA's. Early withdrawal may be subject to penalty and may affect earnings on certificates.
*Rate shown with a 0.25% bump for PF
*Rates subject to change