- Set aside funds for the purchase of a first home
- Competitive dividends paid monthly, based on average daily balance
- No setup charges or service fees
- May offer benefits on your Montana tax return*
- Can be funded systematically with automatic transfer, direct deposit or payroll deduction
- No minimum deposit to open
Ready to buy a home? Learn more about our home mortgage loans.
Deductible contribution limits are set by the Montana Department of Revenue and may be increased for a married couple filing jointly. Deposits to a Montana First Time Home Buyers Savings Account can be made for up to 10 years or until account holders purchase their first home, whichever comes first.
Dividend earnings on a First Time Home Buyers Account is not subject to Montana Income taxation if left in the account or if withdrawn for eligible costs of a purchase for a single-family residence.
If you have any questions about our First Time Home Buyers Account or any other shares products, please contact a Financial Services Representative at (800) 445-3328 for more information.
