Stockman Bank of Montana Review: Western Values with Modern Conveniences
Written by
Caitlyn Moorhead
Edited by
Emily Gadd
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Stockman Bank of Montana is best for residents of Montana who want a financial institution with community ties. It offers a variety of banking products and services with more personalized customer service. Open an account today that is safe and secure as Stockman Bank proactively takes every precaution to protect your assets.
Founded in 1953, Stockman Bank is the largest family-owned bank in Montana and prides itself in providing customers with all of their money management, insurance and banking needs. GOBankingRates has awarded it gold status for Best Banks in Montana 2025.
Stockman Bank Checking Accounts
Stockman Bank offers three different checking accounts: basic checking, Investment Checking and Elite 50 Checking. Here are the features:
Best For
Banking in Montana
Mobile App
Low Monthly Fees
Loan Options
Investment Services
Three Checking Accounts to Choose From
Stockman Bank’s basic checking option is great if you’re looking for an account for your daily transactions that doesn’t have any monthly service fees or minimum balance requirements.
Stockman Bank also offers Investment Checking for those interested in earning interest on their account balance but also comes with a minimum balance requirement of $250 or you will be charged a service fee of $6.95 if you don’t maintain that.
There is also the Elite 50 Checking which is offered to customers 50 and over and gives them an interest-earning account with no minimum balance.
Fees
$6.95 if you don’t maintain balance minimum
APY
Contact local branch
Min Opening
$100
Pros
- Comes with a free Visa® Check Card
- Free online or paper statements
- No minimum balance required or monthly fees
Cons
- Account management tools may be limited
- $100 needed to open an account as a required deposit
- Other interest-bearing checking options are available but come with age or balance minimum requirements.
Quick Take
Stockman Bank has several different checking options designed to cater to varying banking needs. Though three checking options could fit your finances, the basic checking option checks off a lot of boxes.
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Stockman Bank Savings Accounts
Stockman Bank doesn’t have many savings options and they don’t list their interest rates.
Best For
Banking in Montana
Mobile App
Low Monthly Fees
Loan Options
Investment Services
Min. Balance to Earn APY $100
Stockman Bank offers two savings accounts: a basic savings and a health savings. Although they say their basic savings has competitive interest rates, they aren’t listed.
Fees
$2 if minimum balance isn’t maintained
APY
Contact local branch
Min Opening
$100
Pros
- No fees for unlimited withdrawals
- Keeping the low minimum balance requirement of $100 will waive the $2 monthly fee
Cons
- $100 required opening deposit is only waived if you are under 18
- Minimum balance requirement of $100 is only waived if you are under 18
Quick Take
You can earn competitive rates on your savings without having to sacrifice community banking service. Reach all of your savings goals easily as any personal savings account includes access to Stockman Bank’s Online Banking Services and free 24-hour TeleBank. However, there are some benefits and drawbacks to consider.
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Stockman Bank CD Accounts
Stockman Bank offers many different CD terms from 1 to 60 months. Interest tiers are based on how much money you deposit, but you’ll have to contact a local branch for more information.
Best For
Banking in Montana
Mobile App
Low Monthly Fees
Loan Options
Investment Services
Standard and Flex CD Plans
The standard terms of 24 months, 36 months or 48 months are offered at Stockman Bank.
Flex CDs allow you to make unlimited deposits of a minimum of $250 each, up until 14 calendar days before the maturity date, or until your account balance reaches $300,000.
These CDs come in terms of 30 days, 3 months, 6 months or 12 months, and here are some benefits and drawbacks to consider.
Fees
No monthly service fee
APY
Contact local branch
Min Opening
$500 for Standard CDs under 60 months
$500 for Flex CDs over 30 days
Pros
- Interest rate tiers are based on account balances so the more you fund the account with, the more you can earn.
- A reasonable minimum opening deposit of $500 is required for terms less than 60 months
Cons
- A minimum opening deposit of $5,000 is required for terms of 60 months or greater
- Early withdrawals will be subject to a penalty
Quick Take
Stockman Bank of Montana offers customers a wide variety of Certificates of Deposit, or CDs, that are both secure and flexible depending on your financial goals. Though it has various terms available from one to 60 months the interest rates and minimum balance requirements vary. For example, a 60-month term CD requires a minimum balance of $5,000.
Early withdrawals will be subject to a penalty across all terms but here is a breakdown of both Term CDs and Flex CD plans.
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Stockman Bank Money Market Account
Stockman Bank only offers one money market account. With a minimum opening deposit of $1,000, this account may be out of reach for some people.
Best For
Banking in Montana
Mobile App
Low Monthly Fees
Loan Options
Investment Services
An Account for Those with Higher Balances
Stockman Bank’s sole money market account comes with tiered interest rates and an easily waivable service fee. However, interest rates aren’t publicly available.
Fees
$10 monthly service fee
APY
Contact local branch
Min Opening
$1,000
Pros
- Unlimited withdrawals with no fee
- $10 monthly service fee is waived if the minimum balance is maintained
Cons
- $1,000 needed to open an account
- Minimum balance $1,000
Quick Take
Stockman Bank’s Premier Money Market account is a great money move for those in Montana who maintain higher balances and want to earn a higher interest rate than a traditional savings account. If you are looking to earn more for your buck and grow your wealth safely and steadily this could be the account for you.
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Banking Experience
As a family-owned community bank, Stockman Bank of Montana is rich in tradition, western values and modern conveniences. Its full-service banking options are among the many reasons GOBankingRates awarded it gold for Montana for Best Banks by State 2025.
It offers everything from HSAs to IRAs to help you manage not only your daily finances but also your retirement funds. Though it is limited to those living in Montana it has over 100 ATMs across the state for your convenience. It also
Comparable Montana Bank Options
If you are looking to do some banking in Montana, it’s always a good idea to do some comparison shopping before committing to the right account for you. Here are some other top contenders for which you to measure Stockman Bank.
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
$6.95 if you don’t maintain balance minimum
Up to $6.95, which is waivable
$5 to $35 waivable monthly fee
APY
APY
APY
Contact local branch
Up to
Min Opening
Min Opening
Min Opening
$100
$25
$25
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
$2 if minimum balance isn’t maintained
No monthly service fee
Up to $12 monthly service fee – can be waived
APY
APY
APY
Contact local branch
Up to
Up to for Platinum Savings accounts
Min Opening
Min Opening
Min Opening
$100
$25
$25
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
No monthly service fee
No monthly service fee
Early withdrawal penalty may apply
APY
APY
APY
Contact local branch
Up to
Up to
Min Opening
Min Opening
Min Opening
$500 for Standard CDs under 60 months
$500
$2,500 to $5,000
$500 for Flex CDs over 30 days
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
$10 monthly service fee
$10, waivable
$20, waivable
APY
APY
APY
Contact local branch
Up to
Up to
Min Opening
Min Opening
Min Opening
$1,000
$100
$5,000
Stockman Bank vs. U.S. Bank
Bringing in the silver for Montana in GOBankingRates’ Best Banks by State 2025 is U.S. Bank. This is a good option for you if you want a variety of account options, convenient locations and a highly rated mobile banking app. Though Stockman provides more personalized customer service, U.S. Bank will also cover you outside of Montana.
Stockman Bank vs. Wells Fargo
With over 4,500 branches, Wells Fargo is one of the most accessible banks in the United States, so if you do a lot of banking outside your home state of Montana it’s worth considering as it was rated bronze by GOBankingRates for Montana in the Best Banks by State 2025. It has accessible online and mobile apps, but typically lower rates than other online banking options.
Stockman Bank vs. Chase Bank
As with many of the other financial institutions you can compare to Stockman Bank of Montana, Chase Bank has much more availability nationwide as it has a vast network of over 4,700 branches and 15,000 ATMs. It also boasts eight checking options for different types of clients, making it a considerable in-person and online banking option. However, when you go with a bigger bank you might lose some of the curated customer service offered by Stockman.
Final Take To GO
The bottom line is that for a small local bank, GOBankingRates gave Stockman Bank of Montana the gold in Best Banks by State 2025 thanks to its wide variety of services, products and general banking experience. If you live in Montana and are looking to open a checking, savings, CD or money market account, this financial institution should be first on your list to check out.
Stockman Bank FAQ
- How many locations does Stockman Bank have?
- Stockman Bank has 37 full-service locations across Montana, as well as a network of over 100 ATMs.
- Does Stockman Bank have Zelle?
- Yes, Stockman Bank offers Zelle and you can access this payment option by logging into the Stockman Bank mobile banking app and selecting the Zelle option.
- Is Stockman Bank FDIC insured?
- Yes, Stockman Bank is FDIC-insured so your accounts are covered up to $250,000.
- Can I open a Stockman Bank account online?
- Yes, you can open a Stockman Bank account online, however, You must be at least 18 years of age and have a physical address in Montana.
GOBankingRates analyzed the 100 largest banks by total assets, as well as select online banks with over $800 million in assets, to determine the Best Banks of 2025. Data was sourced from June 2024 FDIC reports, along with a selection of leading neobanks. For savings and checking accounts, we chose only one product per category per institution. If an institution did not offer a given product, it was not scored.
For institutions with multiple checking accounts, we selected fee-free options or those with the lowest barrier to entry. If there were multiple fee-free checking accounts, we selected the account with the highest APY or the lower monthly fee. For institutions offering multiple savings accounts, we chose the account with the lowest monthly fee, provided it required a minimum deposit of $20,000 or less. If multiple savings accounts met these criteria, we selected the one with the highest APY.
All APYs were calculated based on the base APY being offered, achievable or both. To be deemed a “winner” in a product category (Checking, Savings, CDs, or Money Market Accounts), an institution needed more than $5 billion in total assets to demonstrate the ability to handle rising interest rates, exposure to commercial real estate and growing liquidity requirements.
To discover the Best Banks by state, GOBankingRates analyzed the top institutions (excluding online banks and neobanks) by state branch locations. To determine rankings, GOBankingRates looked at the following factors: (1) total assets as sourced from the FDIC; (2) checking product minimum deposit; (3) monthly checking fee ratio (percentage of the minimum to avoid fees compared to the monthly fee itself); (4) savings product minimum deposit; (5) savings product APY; (6) Bauer rating (out of 5 stars); (7) products/services offered (auto loans, mortgage loans, credit cards, investment services and insurance); and (8) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1), (2) and (4) were weighed 0.5 times, factor (5) was weighed 2.5 times and factor (7) was weighed 1.5 times. All products and offerings had to be available as of Nov. 8, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 18, 2024.
To qualify as one of the Best Banks in the state, the institution needed at least five branch locations in the respective state, with some exceptions for larger and/or smaller states.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 18, 2024.
