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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 September of 2016, it had grown to 12,007 employees at 607 locations. BMO Harris Bank has a B+ health rating.

Related Posts

BMO Harris Bank Adds Three Relationship CD Specials - 2/21/2017

BMO Harris Bank (AZ, FL, IL, IN, KS, MN, MO, WA, WI) has three CD Specials: 3-month, 1.00% APY; 25-month, 1.50% APY; 44-month, 2.00% APY. $5k minimum. Checking required.

Earn $200 Checking Bonus At BMO Harris Bank - 1/7/2017

Earn $200 when opening a new Everyday, Select, or Portfolio checking account at BMO Harris Bank. Available in AZ, FL, IL, IN, KS, MN, MO, WA, and WI.

Special 2% 59-Month CD And $50 Checking Bonus At BMO Harris - 11/15/2016

Saw this advertised at a local BMO Harris branch in Orlando 2% 59-month and 1.5% 33-month CD specials $5,000 minimum Requires a checking account. If you don’t already have one, get a $50 bonus when you open a checking account and make 20 or more purchases using your debit card within 90 days. Full details here

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Great Customer Service For 3 Years

Posted by: MarineMan | Jul 6, 2010

Never have had an issue with opening/closing accounts

Did not feel the love...

Posted by: Jenzz | Nov 16, 2016

We have dealt with BMO for many years. A few years ago we had the unfortunate opportunity to find out that accounts will now be charged for inactivity. What a sham! It is my money, seriously, how hard is it to let it sit?! Any time I have to go into my local bank for help with my savings or checking, I might find that I have to wait a number of hours or even days for attention. It also bothers me that the savings account rates are so low. Each time I visit the bank, the staff tries to "sell" me on the idea of opening another account to get better interest rates. When I see the low interest rates, I can see t is not worth my time. The low rates are discouraging, and while they are the norm, there was a time BMO led the banks with great rates.

Opened A CD Account

I recently opened a CD account with BMO Harris Bank. They do not have an online application, so I had to do it all verbally on the phone with one of their reps, which was inconvenient, and I had no way to verify if the information was being entered correctly. I had to wait until I received their documentation in snail mail with the account number, etc. before I could mail them back a check to fund the CD--no ACH funding. They said they would lock the interest rate on the CD until they received the check, but I had nothing in writing stating so. The rep I dealt with was very polite and respectful, but clearly needed more training about opening CD accounts. It all worked out in the end, but not the easiest way to take out a CD, either. They need to catch up with the other internet banks and offer online applications and ACH funding of the account.

Solid Canadian Bank In US

Posted by: Thomas777 | Aug 10, 2016

Overall, BMO Harris is a good bank, with a strong and stable parent company, BMO. However, I feel their products are less competitive then their American counterparts. Many of their products seem more..."international" where everything has a charge or fee. Perhaps we are too use to getting everything for free?



Health Grade Components

FDIC Certificate #16571
Year Established1947
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD4.16%
Annual Interest Income$2.14B
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$106.7B$105.7B
LoansQ3 2016vs Q3 2015$65.60B$55.26B
DepositsQ3 2016vs Q3 2015$83.53B$83.73B
Equity CapitalQ3 2016vs Q3 2015$15.32B$15.51B
Loan Loss AllowanceQ3 2016vs Q3 2015$674.4MM$704.4MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$864.7MM$990.1MM
Real Estate OwnedQ3 2016vs Q3 2015$37.7MM$77.1MM
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Always verify rates and promotions with the bank or credit union. We are not BMO Harris Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

BMO Harris Bank Savings Account Rates

0.05%*$25k*-Statement Savings
OTHER TIERS: 0.01% Up to $25k

BMO Harris Bank Money Market Rates

0.15%*$25k*-BMO Harris Select Money Market
OTHER TIERS: 0.05% Up to $25k

BMO Harris Bank Checking Account Rates

0.05%*$10k*-BMO Harris Select Checking
OTHER TIERS: 0.01% Up to $10k
0.05%--BMO Harris Portfolio Checking

BMO Harris Bank CD Rates

2.00%$5k-44 Month CD Special w/ Checking
1.50%$5k-25 Month CD Special w/ Checking
1.00%$5k-13 Month CD Special w/ Checking
0.75%$1k-60 Month CD
0.50%$1k-48 Month CD
0.40%$1k-36 Month CD
0.35%$1k-30 Month CD
0.30%$1k-24 Month CD
0.25%$1k-18 Month CD
0.15%$1k-12 Month CD
0.10%$1k-9 Month CD
0.05%$1k-3 Month CD
0.05%$1k-6 Month CD
0.05%$100k-1 Month CD
0.05%$100k-2 Month CD

BMO Harris Bank IRA Rates

0.75%$1k-60 Month IRA
0.50%$1k-48 Month IRA
0.40%$1k-36 Month IRA
0.35%$1k-30 Month IRA
0.30%$1k-24 Month IRA
0.25%$1k-18 Month IRA
0.15%$1k-12 Month IRA
0.10%$1k-9 Month IRA
0.05%$1k-3 Month IRA
0.05%$1k-6 Month IRA

BMO Harris Bank has 607 locations. Click to view all BMO Harris Bank locations.