Savings Accounts

We offer several options to help you meet your savings goals. Whether you need basic savings, retirement solutions, or savings for health needs, we've got you covered. Open an account in person at one of our branches or online.

All Savings Accounts have access to Online Banking, Electronic Statements, Account Alerts (basic), Direct Connect, and Mobile Banking. Opening your account online is easy and secure or stop by any First Interstate Bank branch and one of our bankers will assist you in opening your account.

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Market Interest Savings

Designed for customers who maintain a higher account balance and want to earn interest.

This select savings account is designed for customers who maintain a higher account balance and want to earn interest on their savings. Enjoy the convenience of managing your account online or experience top-notch customer service when you visit any First Interstate branch. Manage your money the way you want and make your money work for you with our Market Interest Account.

  • Earns tiered money market rates (rates subject to change)
  • No monthly maintenance fee is charged if $1,000 minimum balance is maintained
  • $11 monthly maintenance fee is charged if the balance drops below minimum required balance of $1,000
  • During any calendar month you may not make more than six (6) withdrawals or transfers to another account of yours or to a third party by means of pre-authorized or automatic transfer, or by check, draft, debit card, or similar order to a third party. You will be assessed $10 fee for each transfer or withdrawal after six (6) such transactions in a month. The fee will not apply to transactions made in person, at an ATM, or by mail.
  • Federal regulations allow no more than six (6) withdrawals or transfers per month to another account or to a third party if the transactions are pre-authorized or automatic or made by telephone (including data transmission), computer, check, debit card, or similar order (including POS transactions). There is no regulatory limit to the number of withdrawals made in person, at the ATM, or by mail. Interest is compounded and paid monthly on the collected balances on all interest-bearing accounts. Interest rates and Annual Percentage Yield are subject to change without notice.
  • At First Interstate Bank, we offer a variety of savings plans insured for up to $250,000 by the Federal Deposit Insurance Corporation (FDIC).

Regular Savings

A good choice for straightforward individual or family savings with a lower balance requirement.

This multipurpose account provides the flexibility you need to save and access your money. A lower required minimum balance and convenient account features make managing your account simple and straightforward. Manage your funds online or in person at any First Interstate branch. The choice is yours!

  • No monthly maintenance fee is charged if $200 minimum balance is maintained
  • $4 monthly maintenance fee is charged if the balance drops below minimum required balance of $200
  • Maintenance fee waived for customers under 18 years of age
  • During any calendar month you may not make more than six (6) withdrawals or transfers to another account of yours or to a third party by means of pre-authorized or automatic transfer, or by check, draft, debit card, or similar order to a third party. You will be assessed $10 fee for each transfer or withdrawal after six (6) such transactions in a month. The fee will not apply to transactions made in person, at an ATM, or by mail.
  • Federal regulations allow no more than six (6) withdrawals or transfers per month to another account or to a third party if the transactions are pre-authorized or automatic or made by telephone (including data transmission), computer, check, debit card, or similar order (including POS transactions). There is no regulatory limit to the number of withdrawals made in person, at the ATM, or by mail. Interest is compounded and paid monthly on the collected balances on all interest-bearing accounts. Interest rates and Annual Percentage Yield are subject to change without notice.
  • At First Interstate Bank, we offer a variety of savings plans insured for up to $250,000 by the Federal Deposit Insurance Corporation (FDIC).

Individual Retirement Accounts

It's never too early to start strategically planning for financial security in retirement. First Interstate Bank provides Individual Retirement Account (IRA) options to meet your unique financial situation and retirement goals. Take advantage of tax savings while securing your retirement future.

There are no fees associated with opening a fixed or variable rate IRA. Stop by your local branch or make an appointment to learn more.

A Traditional Individual Retirement Account (IRA) is a government approved, tax-deferred savings** program that enables you to set aside a portion of your income each year for the purpose of investing in your own retirement.

The Roth IRA is a nondeductible account that features tax-free** withdrawals at the required age and for certain distribution reasons after a five year holding period.

A Coverdell Education Savings Accounts (CESA) is a nondeductible account that features tax-free** withdrawals for a student's education expenses.

Certificates of Deposit

Looking for another way to save? Investing in Certificates of Deposit (CD) is an excellent way to maximize your return and set specific savings goals. First Interstate Bank offers various terms for CDs and pays a fixed interest rate based on the money market. Check with your local branch for rates.

Want to start saving now? View rates for opening an account online or meet with a personal banker at your local branch.

Rates

Effective: August 27, 2016

Rate* Annual Percentage Yield*
7 Month Certificate of Deposit 0.20 0.20
13 Month Certificate of Deposit 0.30 0.30
25 Month Certificate of Deposit 0.60 0.60
37 Month Certificate of Deposit 0.80 0.80

A $1,000 opening deposit is required for certificate terms of 3-60 months. A $10,000 opening deposit is required for certificate terms of 1-2 months. There is a substantial penalty for early withdrawal on all Certificates of Deposit.

*Please note: these rates are only available for CD accounts opened online. Local branch rates will vary.

Health Savings Account

Take control of your health care expenses and save money at the same time. A Health Savings Account (HSA) is designed for people with High Deductible Health Plans.

An HSA is similar to an IRA or 401(k) for medical expenses. If you change jobs or move to another city or state, your HSA can move with you. Find out more today.

A Health Savings Account (HSA) is designed for people with High Deductible Health Plans. It's a complement to traditional health insurance, enabling you to pay for current health expenses and save for future medical expenses on a tax-free basis†. Unlike a flex plan with its "use it or lose it" rule, your HSA money rolls over from one year to the next. Best of all, you own and control the money in your HSA. All decisions on how to spend and/or invest the money in your account are made by you.

Because unused balances in your account roll over from year to year, your account balance may grow. As your contributions and gains increase, you can make tax-free withdrawals† for qualified health care expenses at any time. This is particularly important later in life when your health care costs may be greater. Best of all, even if you never use the money for medical expenses, it stays in your account and can be withdrawn for any purpose after age 65. At that time, you'll pay only income tax on the monies you withdraw for non-health related expenditures.

  • Earns tiered rate of interest (rates subject to change)
  • View transactions by signing up for Online Banking
  • Unlimited checks
  • Free check printing (Graphic-style wallet)
  • Free Debit Card
  • Free electronic statements
  • Better than flex plans
  • Tax-free distributions†
  • Saves on health costs while saving for retirement

A $6 monthly maintenance fee is waived when you maintain a $500 minimum balance.

Common HSA Questions

We've put together our most popular calculators to help answer your most common questions.

All Savings accounts require a $100 opening deposit with the exception of a regular savings account for minors which requires a $50 opening deposit. Interest rates are subject to change.
*Subject to approval
**Consult your tax advisor. There is a substantial penalty for early withdrawal. Interest rates are subject to change.
†Qualified HSA contributions are tax deductible, and qualified distributions are tax free. Refer to IRS Publication 502 for a list of tax-free (qualified) medical distributions.