Business Savings Account

    • $250 minimum balance (if balance falls below $250, then $2.00 monthly charge.)
    • Interest compounded monthly -

contact us

    for current rates
  • Withdrawal limitations apply**

Money Market Deposit Account

    • $2,500 minimum balance (if balance falls below $2,500, then $9.00 monthly charge.)
    • Tiered interest rates (depending on account balance) -

contact us

    for current rates
  • Withdrawal limitations apply**

Millennium Money Market Deposit Account

    • $10,000 minimum balance (if balance falls below $10,000, then $9.00 monthly charge.)
    • Tiered interest rates (depending on account balance) -

contact us

    for current rates
  • Withdrawal limitations apply**

**Transfers to another account or third parties by pre-authorized, automatic, Valley Bank Online, or telephone transfers are limited to six per four-week period with no more than three by check.

Other fees may apply.  See Schedule of Fees for details.

Certificates of Deposit and Bank Investments
Valley Bank pays highly competitive interest rates on CDs and are insured by the FDIC. Call us for current interest rate quotes: (406) 492-2400 or e-mail us at vbonline@valleybankhelena.com.

Individual Retirement Accounts: Better Than Ever
Individual Retirement Accounts (IRA) create value for you to save for your retirement years.

Please call Valley Bank for more information on Individual Retirement Accounts. Valley Bank Flex IRA - start one today, then add to it whenever you wish.

Traditional IRA

  • Must have earned income and not reach age 70½ by end of year
  • Annual IRA contribution limits are set for each year; see IRS guidelines
  • Annual limit applies to any combination of IRA plans
  • Contributions are fully tax-deductible if you are not an active participant in an employer retirement plan
  • Contributions up to the limit are fully tax deductible if you are not an active participant in a retirement plan, otherwise phase-out rules apply
  • Investments grow on a tax-deferred basis
  • Earnings are taxed only upon withdrawal
  • Opportunity for early withdrawal - Ask us about special circumstances

Roth IRA

  • Contribute to a Roth IRA even after age 70 ½, with earned income
  • Contributions will not be tax deductible, but the contributions and earnings can be withdrawn tax-free
  • Annual IRA contribution limits are set for each year; see IRS guidelines
  • No required minimum distributions after reaching age 70 ½
  • Convert your traditional IRA to a Roth IRA, to take withdrawals tax-free, but is subject to income tax now
  • Opportunity for early withdrawal - Ask us about special circumstances

Catch-up Contributions

  • If you have reached age 50, make additional $1,000 catch-up contributions per year to a Traditional or Roth IRA.

Health Savings Accounts

A Health Savings Account (HSA) is a savings account designed to assist individuals in saving for future medical and health expenses on a tax-free basis. Used in conjunction with a High Deductible Health Plan (HDHP), the money saved in the HSA can be used to help pay the high deductible or other qualified medical expenses.

      • NO set up fee!

 

      • Contributions are tax deductible

 

      • Distributions can be taken at any time

 

      • Account earns a competitive rate of interest -

contact us

      for current rates

 

    • Debit cards available
  • Eligibility
    •  
          oThose who are covered by a High Deductible Health Plan.

          oThose who are not enrolled in Medicare.

          oThose who are not a dependent on someone else’s tax return.
      (ie: children may not form their own HSA)
    • •Who’s eligible?

      •There are no income limits and no income requirements on who may contribute to an HSA.

    •  
          o Dental care, accident and disability, vision care, long-term care insurance, and specific disease or illness insurances are allowed

          o Employee Assistance Programs, disease management program, or wellness program.
      (These programs cannot provide significant medical care or treatment benefits)
          o Drug Discount Cards

          o Eligibility for VA Benefits
      (cannot have received VA health Benefits in the last 3 months)
    • •What health coverage plans are allowed for eligibility on an HSA?

 

    • Contributing to your HSA
      •Annual HSA contribution limits are set for each year; see IRS guidelines
      •Contributions may be made by the individual, the employer, or both.



    •Those who become newly eligible for a HSA during the year are entitled to the maximum contribution of the year (must remain eligible beginning December 1 of the year becoming eligible and ending on December 31 the following year).


For More Information Contact a Personal Banker at 495-2400