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Opportunity Bank of Montana Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Opportunity Bank of Montana Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Opportunity Bank of Montana was founded in 1922 with headquarters located in Helena, Montana. It handles assets of $702 million and deposits totaling $521 million, which makes it a medium-size bank. Opportunity Bank of Montana lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. At a SmartAsset rating of 4.2 stars out of 5, Opportunity Bank of Montana should be solidly in contention for your choice of bank. Opportunity Bank of Montana provides customers with a variety of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, Opportunity Bank of Montana offers an option without a maintenance or monthly fee. Institutions that offer free checking and a high savings APY are the best option for accruing the most income from your deposits alongside convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.2/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

2.9
SmartAsset Average: 3.5

With a savings rate of 0.05%, Opportunity Bank of Montana ranks poorly in comparison to other U.S. banks. Its one-year and five-year term lengths CDs earn at a rate of 0.65% and 1.50%, respectively, while its highest-yielding money market account has a rate of 0.11%. Given its poor savings rate, you should consider opting for higher earning savings accounts with other banks.

How Opportunity Bank of Montana's Savings Rates Compare

Opportunity Bank of Montana Savings 0.05 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Opportunity Bank of Montana charges customers extremely low fees in comparison to the average U.S. bank. Opportunity Bank of Montana's checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. Opportunity Bank of Montana does not refund out-of-network ATM fees, meaning you'll need to locate an Opportunity Bank of Montana ATM or pay the fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

4.0
SmartAsset Average: 3.7

Opportunity Bank of Montana is a brick-and-mortar bank, with 17 total branches in Montana. With mobile and web apps, Opportunity Bank of Montana makes mobile banking easy, even on the go. Opportunity Bank of Montana receives fairly high praise from users for its mobile platform. With 21 customer reviews on both Apple and Android platforms, the Opportunity Bank of Montana mobile app has an overall rating of 4.1 out of 5 (compared to the national average of 3.8). You can access Opportunity Bank of Montana's mobile app to manage your finances by monitoring account balances, transferring money as well as accessing support representatives. Opportunity Bank of Montana gets a superb consumer satisfaction score based on relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 4.1/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

5.0
SmartAsset Average: 4.8

Opportunity Bank of Montana ranks as a medium-size bank owning $702 million in assets and deposits totaling $521 million. Its Texas Ratio is 1.49%, signifying a minute chance of failure. Additionally, Opportunity Bank of Montana is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare Opportunity Bank of Montana to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $100
Checking Account 0.03% APY $1000
Certificates of Deposit
  • 12 Month: 0.65% APY
  • 24 Month: 0.80% APY
  • 36 Month: 0.95% APY
  • 48 Month: 1.15% APY
  • 60 Month: 1.50% APY
$500 for all terms
Money Market Accounts 0.1% APY 0.11% APY $10000 $15000

Opportunity Bank of Montana has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Opportunity Bank of Montana does not have the best savings rate, which means you should think about looking elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Opportunity Bank of Montana's CD rates are fair in comparison to the average U.S. bank.

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Find a Opportunity Bank of Montana Near Me

Opportunity Bank of Montana has 17 physical branches in the U.S.

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