Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
111 West Monroe Street
Chicago, IL 60603

BMO Harris Bank is headquartered in Chicago and is the 2nd largest bank in the state of Illinois. It is also the 25th largest bank in the nation. It was established in 1947 and as of December of 2013, it had grown to 12,665 employees at 705 locations. BMO Harris Bank has a B+ health rating.

Related Posts

Reviews (4)


Do not be fooled by BMO Harris advertising.  You can't trust what they tell you.  I had a line of credit set up with them for years for 150 k.  Their account rep assured that it would be renewed without any problems.  After several attemps to get it renewed they turned around, with no explaination and shut my company off.  They demanded payment right away and then proceeded to clear out my company and personal assets with no explaination.  They eventually forced my company out of business and me into personal bankruptcy.

If you are looking for an impersonal bank who doesn't care about it's customers, then BMO Harris is the bank for you.  On the other hand if you are looking for a bank that will lend you a hand, go any where else but BMO Harris.


Terrible Service

I have now had several opportunities to interact with Harris or BMO Harris and bottom line is they are about as personal as a firing squad. I will NEVER bank with this organization. They made me wire, for a fee, funds to close on a house and would not take a cashiers check. When my mother died she had a line of credit out. The day she passed they closed the line and immediately charged fees and interest with no opportunity to pay it off. The would not even tell you the amount until you jumped through hoops. Please, Please, for your own benefit, bank anywhere but here.

Service Levels Falling

My family has many accounts with Harris (over 9) We use to have our mortgage through them as well. For 2 years we have been trying to refinance. we have a upper 700 credit rating. But 2 years they strong us along. a friend referred me to a broker who was able to get it done within 45 days with an amazing rate.

We also experience issue with customer service. You can never reach anyone on the phone to get assistance. Even for something sinple. You go into the branch and they cant even get ahold of their support.... seriously dont waste your time.....


Great Customer Service For 3 Years

Never have had an issue with opening/closing accounts


Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 BMO Harris Bank had $1.45 billion in non-current loans and owned real-estate with $15.5 billion in equity and loan loss allowances on hand to cover it. This gives BMO Harris Bank a Texas Ratio of 9.36% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for BMO Harris Bank decreased dramatically from 16.54% as of December 31, 2012 to 9.36% as of December 31, 2013, resulting in a positive change of 43.40%.This indicates that the balance sheet and financial strength for BMO Harris Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, BMO Harris Bank has decreased its total deposits by -$4.39 billion, resulting in -5.84% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth BMO Harris Bank has shown is below average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. BMO Harris Bank has $91.29 billion in assets with $15.5 billion in equity, resulting in a capitalization level of 16.99%, which is excellent.

Institution Statistics

FDIC Certificate #16571
Year Established1947
Primary RegulatorOCC
Assets and Liabilities
Assets$91.29 billion
Loans$51.42 billion
Deposits$70.66 billion
Equity Capital$14.75 billion
Loan Loss Allowance$752.32 million
Unbacked Noncurrent Loans$1.37 billion
Real Estate Owned$80.97 million
Historic Data - December 2012
Assets$95.26 billion
Equity Capital$14.25 billion
Loan Loss Allowance$760.08 million
Unbacked Noncurrent Loans$1.37 billion
Real Estate Owned$240.02 million
Profit Margin - Quarterly
Net Interest Margin3.21%
Return on Assets0.52%
Return on Equity3.35%
Interest Income$2.74 billion

Always verify rates and promotions with the bank or credit union. We are not BMO Harris Bank, we are a rate comparison website and can not provide official rates or promotions.

BMO Harris Bank Savings Account Rates

0.15%$25k-IRA Premium Savers
0.15%$25k-Roth IRA Premium Savers
0.15%$25k-CESA Premium Savers
0.05%$25k-Statement Savings

BMO Harris Bank Money Market Rates

0.15%$25k-BMO Harris Select Money Market

BMO Harris Bank Checking Account Rates

0.10%$25k-BMO Harris Portfolio Checking
0.05%$10k-BMO Harris Select Checking

BMO Harris Bank CD Rates

0.80%$100k-60 Month CD - $100,000 Min
0.75%$5k-60 Month CD - $5,000 Min
0.70%$1k-60 Month CD - $1,000 Min
0.55%$100k-48 Month CD - $100,000 Min
0.50%$5k-48 Month CD - $5,000 Min
0.45%$1k-48 Month CD - $1,000 Min
0.45%$100k-36 Month CD - $100,000 Min
0.40%$5k-36 Month CD - $5,000 Min
0.40%$100k-30 Month CD - $100,000 Min
0.35%$1k-36 Month CD - $1,000 Min
0.35%$5k-30 Month CD - $5,000 Min
0.35%$100k-24 Month CD - $100,000 Min
0.30%$1k-30 Month CD - $1,000 Min
0.30%$5k-24 Month CD - $5,000 Min
0.30%$100k-18 Month CD - $100,000 Min
0.25%$1k-24 Month CD - $1,000 Min
0.25%$5k-18 Month CD - $5,000 Min
0.20%$1k-18 Month CD - $1,000 Min
0.20%$100k-12 Month CD - $100,000 Min
0.15%$5k-12 Month CD - $5,000 Min
0.15%$100k-9 Month CD - $100,000 Min
0.10%$1k-12 Month CD - $1,000 Min
0.10%$5k-9 Month CD - $5,000 Min
0.10%$100k-3 Month CD - $100,000 Min
0.10%$100k-6 Month CD - $100,000 Min
0.05%$1k-3 Month CD - $1,000 Min
0.05%$1k-6 Month CD - $1,000 Min
0.05%$1k-9 Month CD - $1,000 Min
0.05%$5k-3 Month CD - $5,000 Min
0.05%$5k-6 Month CD - $5,000 Min
0.05%$100k-1 Month CD - $100,000 Min
0.05%$100k-2 Month CD - $100,000 Min

BMO Harris Bank IRA Rates

0.80%$100k-60 Month IRA - $100,000 Min (Traditional,Roth,CESA)
0.75%$5k-60 Month IRA - $5,000 Min (Traditional,Roth,CESA)
0.70%$1k-60 Month IRA - $1,000 Min (Traditional,Roth,CESA)
0.55%$100k-48 Month IRA - $100,000 Min (Traditional,Roth,CESA)
0.50%$5k-48 Month IRA - $5,000 Min (Traditional,Roth,CESA)
0.45%$100k-36 Month IRA - $100,000 Min (Traditional,Roth,CESA)
0.45%$1k-48 Month IRA - $1,000 Min (Traditional,Roth,CESA)
0.40%$100k-30 Month IRA - $100,000 Min (Traditional,Roth,CESA)
0.40%$5k-36 Month IRA - $5,000 Min (Traditional,Roth,CESA)
0.35%$100k-24 Month IRA - $100,000 Min (Traditional,Roth,CESA)
0.35%$5k-30 Month IRA - $5,000 Min (Traditional,Roth,CESA)
0.35%$1k-36 Month IRA - $1,000 Min (Traditional,Roth,CESA)
0.30%$100k-18 Month IRA - $100,000 Min (Traditional,Roth,CESA)
0.30%$5k-24 Month IRA - $5,000 Min (Traditional,Roth,CESA)
0.30%$1k-30 Month IRA - $1,000 Min (Traditional,Roth,CESA)
0.25%$5k-18 Month IRA - $5,000 Min (Traditional,Roth,CESA)
0.25%$1k-24 Month IRA - $1,000 Min (Traditional,Roth,CESA)
0.20%$100k-12 Month IRA - $100,000 Min (Traditional,Roth,CESA)
0.20%$1k-18 Month IRA - $1,000 Min (Traditional,Roth,CESA)
0.15%$100k-9 Month IRA - $100,000 Min (Traditional,Roth,CESA)
0.15%$5k-12 Month IRA - $5,000 Min (Traditional,Roth,CESA)
0.10%$100k-3 Month IRA - $100,000 Min (Traditional,Roth,CESA)
0.10%$100k-6 Month IRA - $100,000 Min (Traditional,Roth,CESA)
0.10%$5k-9 Month IRA - $5,000 Min (Traditional,Roth,CESA)
0.10%$1k-12 Month IRA - $1,000 Min (Traditional,Roth,CESA)
0.05%$1k-3 Month IRA - $1,000 Min (Traditional,Roth,CESA)
0.05%$5k-3 Month IRA - $5,000 Min (Traditional,Roth,CESA)
0.05%$1k-6 Month IRA - $1,000 Min (Traditional,Roth,CESA)
0.05%$5k-6 Month IRA - $5,000 Min (Traditional,Roth,CESA)
0.05%$1k-9 Month IRA - $1,000 Min (Traditional,Roth,CESA)

BMO Harris Bank has 697 locations. Click to view all BMO Harris Bank locations.