Average User Rating:
2 star rating based on 4 reviews.

BMO Harris Bank

111 West Monroe Street
Chicago, IL 60603
1-888-340-2265
www.harrisbank.com

FDIC

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BMO Harris Bank is headquartered in Chicago and is the 2^nd largest bank in the state of Illinois. It is also the 22^nd largest bank in the nation. It was established in 1947 and as of December of 2012, it had grown to 12,627 employees at 710 locations. BMO Harris Bank has a 4-star health rating.

Up to $200 Checking Account Bonus at BMO Harris Bank in Some States - 3/11/2013

BMO Harris Bank is offering a cash bonus of up to $200 for opening a personal checking account with qualifying direct deposit. Like most large banks, BMO Harris doesn't have a free checking account. S ...

$1,000 Business Checking Promotion At Harris Bank In IL, WI & IN (Forum) - 8/2/2010

This might be a decent deal for business owners. There appears to be many fees that may reduce the value of the bonus, but they don't appear to come close to the amount of this bonus. Promotion Link at Harris Bank Open a new analyzed business checking a

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See Rates for: Checking | Savings | Money Market | CD | IRA

BMO Harris Bank Checking Account Rates

Apy	Min	Max	Product
0.10%^†	$25k	-	BMO Harris Portfolio Checking
0.05%^†	$10k	-	BMO Harris Select Checking

BMO Harris Bank Savings Account Rates

Apy	Min	Max	Product
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

	Apy	Min	Max	Product
	0.15%^†	$25k	-	BMO Harris Select Money Market

BMO Harris Bank CD Rates

Apy	Min	Max	Product
0.85%^†	$100k	-	60 Month CD - $100,000 Min
0.80%^†	$5k	-	60 Month CD - $5,000 Min
0.75%^†	$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
0.25%^†	$100k	-	12 Month CD - $100,000 Min
0.20%^†	$1k	-	18 Month CD - $1,000 Min
0.20%^†	$5k	-	12 Month CD - $5,000 Min
0.20%^†	$100k	-	9 Month CD - $100,000 Min
0.15%^†	$1k	-	12 Month CD - $1,000 Min
0.15%^†	$5k	-	9 Month CD - $5,000 Min
0.15%^†	$100k	-	3 Month CD - $100,000 Min
0.15%^†	$100k	-	6 Month CD - $100,000 Min
0.10%^†	$1k	-	9 Month CD - $1,000 Min
0.10%^†	$5k	-	3 Month CD - $5,000 Min
0.10%^†	$5k	-	6 Month CD - $5,000 Min
0.10%^†	$100k	-	1 Month CD - $100,000 Min
0.10%^†	$100k	-	2 Month CD - $100,000 Min
0.05%^†	$1k	-	3 Month CD - $1,000 Min
0.05%^†	$1k	-	6 Month CD - $1,000 Min

BMO Harris Bank IRA Rates

Apy	Min	Max	Product
0.85%^†	$100k	-	60 Month IRA - $100,000 Min
0.85%^†	$100k	-	60 Month Roth IRA - $100,000 Min
0.85%^†	$100k	-	60 Month CESA - $100,000 Min
0.80%^†	$5k	-	60 Month IRA - $5,000 Min
0.80%^†	$5k	-	60 Month Roth IRA - $5,000 Min
0.80%^†	$5k	-	60 Month CESA - $5,000 Min
0.75%^†	$1k	-	60 Month IRA - $1,000 Min
0.75%^†	$1k	-	60 Month Roth IRA - $1,000 Min
0.75%^†	$1k	-	60 Month CESA - $1,000 Min
0.55%^†	$100k	-	48 Month IRA - $100,000 Min
0.55%^†	$100k	-	48 Month Roth IRA - $100,000 Min
0.55%^†	$100k	-	48 Month CESA - $100,000 Min
0.50%^†	$5k	-	48 Month IRA - $5,000 Min
0.50%^†	$5k	-	48 Month Roth IRA - $5,000 Min
0.50%^†	$5k	-	48 Month CESA - $5,000 Min
0.45%^†	$100k	-	36 Month IRA - $100,000 Min
0.45%^†	$1k	-	48 Month IRA - $1,000 Min
0.45%^†	$100k	-	36 Month Roth IRA - $100,000 Min
0.45%^†	$1k	-	48 Month Roth IRA - $1,000 Min
0.45%^†	$100k	-	36 Month CESA - $100,000 Min
0.45%^†	$1k	-	48 Month CESA - $1,000 Min
0.40%^†	$100k	-	30 Month IRA - $100,000 Min
0.40%^†	$5k	-	36 Month IRA - $5,000 Min
0.40%^†	$100k	-	30 Month Roth IRA - $100,000 Min
0.40%^†	$5k	-	36 Month Roth IRA - $5,000 Min
0.40%^†	$100k	-	30 Month CESA - $100,000 Min
0.40%^†	$5k	-	36 Month CESA - $5,000 Min
0.35%^†	$100k	-	24 Month IRA - $100,000 Min
0.35%^†	$5k	-	30 Month IRA - $5,000 Min
0.35%^†	$1k	-	36 Month IRA - $1,000 Min
0.35%^†	$100k	-	24 Month Roth IRA - $100,000 Min
0.35%^†	$5k	-	30 Month Roth IRA - $5,000 Min
0.35%^†	$1k	-	36 Month Roth IRA - $1,000 Min
0.35%^†	$100k	-	24 Month CESA - $100,000 Min
0.35%^†	$5k	-	30 Month CESA - $5,000 Min
0.35%^†	$1k	-	36 Month CESA - $1,000 Min
0.30%^†	$100k	-	18 Month IRA - $100,000 Min
0.30%^†	$5k	-	24 Month IRA - $5,000 Min
0.30%^†	$1k	-	30 Month IRA - $1,000 Min
0.30%^†	$100k	-	18 Month Roth IRA - $100,000 Min
0.30%^†	$5k	-	24 Month Roth IRA - $5,000 Min
0.30%^†	$1k	-	30 Month Roth IRA - $1,000 Min
0.30%^†	$100k	-	18 Month CESA - $100,000 Min
0.30%^†	$5k	-	24 Month CESA - $5,000 Min
0.30%^†	$1k	-	30 Month CESA - $1,000 Min
0.25%^†	$100k	-	12 Month IRA - $100,000 Min
0.25%^†	$5k	-	18 Month IRA - $5,000 Min
0.25%^†	$1k	-	24 Month IRA - $1,000 Min
0.25%^†	$100k	-	12 Month Roth IRA - $100,000 Min
0.25%^†	$5k	-	18 Month Roth IRA - $5,000 Min
0.25%^†	$1k	-	24 Month Roth IRA - $1,000 Min
0.25%^†	$100k	-	12 Month CESA - $100,000 Min
0.25%^†	$5k	-	18 Month CESA - $5,000 Min
0.25%^†	$1k	-	24 Month CESA - $1,000 Min
0.20%^†	$100k	-	9 Month IRA - $100,000 Min
0.20%^†	$5k	-	12 Month IRA - $5,000 Min
0.20%^†	$1k	-	18 Month IRA - $1,000 Min
0.20%^†	$100k	-	9 Month Roth IRA - $100,000 Min
0.20%^†	$5k	-	12 Month Roth IRA - $5,000 Min
0.20%^†	$1k	-	18 Month Roth IRA - $1,000 Min
0.20%^†	$100k	-	9 Month CESA - $100,000 Min
0.20%^†	$5k	-	12 Month CESA - $5,000 Min
0.20%^†	$1k	-	18 Month CESA - $1,000 Min
0.15%^†	$100k	-	3 Month IRA - $100,000 Min
0.15%^†	$100k	-	6 Month IRA - $100,000 Min
0.15%^†	$5k	-	9 Month IRA - $5,000 Min
0.15%^†	$1k	-	12 Month IRA - $1,000 Min
0.15%^†	$100k	-	3 Month Roth IRA - $100,000 Min
0.15%^†	$100k	-	6 Month Roth IRA - $100,000 Min
0.15%^†	$5k	-	9 Month Roth IRA - $5,000 Min
0.15%^†	$1k	-	12 Month Roth IRA - $1,000 Min
0.15%^†	$100k	-	3 Month CESA - $100,000 Min
0.15%^†	$100k	-	6 Month CESA - $100,000 Min
0.15%^†	$5k	-	9 Month CESA - $5,000 Min
0.15%^†	$1k	-	12 Month CESA - $1,000 Min
0.10%^†	$5k	-	3 Month IRA - $5,000 Min
0.10%^†	$5k	-	6 Month IRA - $5,000 Min
0.10%^†	$1k	-	9 Month IRA - $1,000 Min
0.10%^†	$5k	-	3 Month Roth IRA - $5,000 Min
0.10%^†	$5k	-	6 Month Roth IRA - $5,000 Min
0.10%^†	$1k	-	9 Month Roth IRA - $1,000 Min
0.10%^†	$5k	-	3 Month CESA - $5,000 Min
0.10%^†	$5k	-	6 Month CESA - $5,000 Min
0.10%^†	$1k	-	9 Month CESA - $1,000 Min
0.05%^†	$1k	-	3 Month IRA - $1,000 Min
0.05%^†	$1k	-	6 Month IRA - $1,000 Min
0.05%^†	$1k	-	3 Month Roth IRA - $1,000 Min
0.05%^†	$1k	-	6 Month Roth IRA - $1,000 Min
0.05%^†	$1k	-	3 Month CESA - $1,000 Min
0.05%^†	$1k	-	6 Month CESA - $1,000 Min

Rates updated: 5/25/2013

Data for Q4 2012

Institution Statistics

BMO Harris Bank National Association
FDIC Certificate #	16571
BankRate Report	View
Year Established	1947
Employees	12627
Primary Regulator	OCC
Assets and Liabilities
Assets	$95.26 billion
Loans	$50.54 billion
Deposits	$75.05 billion
Equity Capital	$14.25 billion
Loan Loss Allowance	$760.08 million
Unbacked Noncurrent Loans	$2.23 billion
Real Estate Owned	$240.02 million
Historic Data - December 2011
Assets	$97.26 billion
Equity Capital	$13.69 billion
Loan Loss Allowance	$760.85 million
Unbacked Noncurrent Loans	$1.96 billion
Real Estate Owned	$252.00 million
Profit Margin - Quarterly
Net Interest Margin	3.59%
Return on Assets	0.43%
Return on Equity	2.87%
Interest Income	$3.17 billion

Institution Health

Overall Score:

4 out of 5

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, 2012 BMO Harris Bank had $2.47 billion in non-current loans and owned real-estate with $15.01 billion in equity and loan loss allowances on hand to cover it. This gives BMO Harris Bank a Texas Ratio of 16.46% which is average. 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 held steady from 15.09% as of December 31, 2011 to 16.46% as of December 31, 2012, resulting in a negative change of 9.12%. This indicates that the balance sheet and financial strength for BMO Harris Bank has held steady in recent periods.
Deposit Growth
In the past year, BMO Harris Bank has decreased its total deposits by -$573.84 million, resulting in -0.76% 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 average.
Capitalization
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 $95.26 billion in assets with $15.01 billion in equity, resulting in a capitalization level of 15.76%, which is excellent.

BMO HARRIS FOR GET THEM
1 stars

- RUGAARO - Tuesday, January 8, 2013 - 4:41 PM

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
1 stars

- jamie - Thursday, November 29, 2012 - 7:36 AM

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
1 stars

- Cheermom - Thursday, January 17, 2013 - 10:32 AM

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
5 stars