Savings Accounts

Certificates of Deposit

Certificates of Deposit are accounts that require a minimum balance. A penalty may be imposed for early withdrawal. Garfield County Bank offers several options for Certificates of Deposit.

Money Market Savings

Money Market Savings accounts offer an inflated rate over standard savings rates earned by sustaining a $2,500.00 balance. Six transfers are allowed per month; if you exceed six transfers a service charge will be imposed. If the balance should drop below $2,500.00 any day during the month you will be charged a service charge.

Passbook Savings

Passbook Savings or Regular Savings are an account for anyone, like a piggy bank only one that earns interest. A $50.00 deposit is required to open and maintain this account. If the balance falls below $50.00 a service charge will be assessed. Youth age 18 and under will not be assessed the service fee. The minimum amount that you may withdraw at a time is $10.00. Transfers (automatic, preauthorized or by telephone) are limited to six per month. Customers have unlimited access to funds when initiated by mail or in person.

Individual Retirement Accounts

Individual Retirement Accounts (IRAs) are offered at Garfield County Bank at a set rate for a certain term (much like a Certificate of Deposit). The minimum deposit to open an IRA is $500.00. You are allowed to add to the IRA at maturity or start another IRA with an additional $500.00 minimum at any time. A penalty may apply for early withdrawal on a fixed rate IRA account.

Please contact the Bank at (406) 557-2201 for current rates on Interest Bearing Accounts.

Important Information About Procedures For Opening A New Account

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.