Featured Savings Rates
Featured Accounts

BMO Harris Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.75%5-year CD60 Month CD
0.15%1-year CD12 Month CD
0.05%SavingsStatement Savings

Overview / Commentary
888-340-2265
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 27th largest bank in the nation. It was established in 1947 and as of June of 2017, it had grown to 12,277 employees at 608 locations. BMO Harris Bank has a B+ health rating.

Related Posts

BMO Harris Bank Adds CD Specials (Checking Relationship) - 7/3/2017

BMO Harris Bank has CD Specials w/checking: 15-month (1.50% APY), 30-month (1.85% APY), 50-month (2.25% APY), minimum $5k deposit. $200 checking bonus also available.

BMO Harris Bank's $200 Checking Bonus Available Nationwide - 5/10/2017

BMO Harris Bank's new $200 checking bonus is available nationwide now through June 30, 2017. All three of BMO Harris Bank's checking accounts qualify.

Earn $200 Checking Bonus At BMO Harris Bank - 3/2/2017

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.

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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

Easy to navigate online site and mobile app

Using Harris' website is very user friendly (although on the home page, sometimes when you're trying to click on the login box it disappears - I found that if your mouse hovers over the navigation bar it will disappear, so best to go around the edge of the page). I can easily check balance on each of my account, transfer money between accounts and bill pay with just a few clicks. The mobile app is even better - it was recently upgraded - and there are buttons for deposit (I love not having to go to the bank to deposit a check), bill pay, transfer money and people pay. I have had a few issues with minimums on the accounts changing and getting a fee when a balance dropped below a certain amount (for a checking account), but when I went in and explained I didn't realized the minimum had changed, they waived the fee. It seems like the longer you have an account, the more likely the rules regarding the account will change, so it's important to check statements or ask periodically. The experience I had with opening a CD was seamless and simple. Whenever I have to go to a branch, I find the employees to be very courteous and helpful, and there are usually no lines.

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.

Untrustworthy, Corrupt Or Incompetent Bank

Posted by: tbc3 | Jun 16, 2017

Whether this bank is intentionally deceitful, or just completely incompetent, you should NOT bank with BMO Harris.

I opened a checking account and a savings account for a $500 bonus ($300 for the checking, and the remaining $200 for the bonus). I have done this with several banks, and BMO Harris is the only bank I have ever had a problem with every customer service representative giving different information, and consistently being wrong.

1. PROMO CODE DISASTER
When opening an account with a promotional code, there is no confirmation like every other bank seems to have. I even asked my banker for this page, and was informed that they don't do that, but have to take the physical code and hand it in.

I called the day I opened the account, and was informed that due to the process of submitting promo codes, they couldn't confirm whether it was applied, and that I would need to call back in a few days. I called back a week and a half alter and confirmed the promo code was indeed applied. Hallelujah.

The bonus was based on 90 days activity, and was supposed to be credited approximately 120 days after account opening.

A few days after the 120 days passed, I called in to check the status. Different reps gave me different answers:

* The bonuses will take 1-2 weeks after the 120 days for it to post
* The bonuses are based on statement closing, and I would have to wait for the checking and savings statement dates for them to appear
* The bonuses require manual review and escalation

After 8+ phonecalls (including several calls where they asked me what the promo code was again and what the terms were), I have the checking bonus finally deposited, but still missing the other portion of the bonus. Now they are stating to wait another 10 days.

TAX FORMS
I have family that have BMO Harris as well, and apparently they have issues mailing tax forms to the correct recipient, and include full account numbers of the documents they sent to the wrong customers.

Needless to say, I would NEVER trust my money with this bank. Whether this is intentionally deceiving and stealing from their customers, or just horrible management and systems for doing business, I predict a few Wells Fargo implosion for this bank in the future.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #16571
Year Established1947
Employees12277
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.72%
Return on Equity - YTD4.93%
Annual Interest Income$1.47B
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$106.2B$107.5B
LoansQ2 2017vs Q2 2016$64.97B$65.66B
DepositsQ2 2017vs Q2 2016$76.88B$82.32B
Equity CapitalQ2 2017vs Q2 2016$15.63B$15.96B
Loan Loss AllowanceQ2 2017vs Q2 2016$641.4MM$679.1MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$907.6MM$796.7MM
Real Estate OwnedQ2 2017vs Q2 2016$29.2MM$76.1MM
Rates
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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

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

BMO Harris Bank Money Market Rates

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

BMO Harris Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--BMO Harris Premier Account

BMO Harris Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.29%$5k-5 Year Step-Up CD
2.00%$5k-30 Month CD Special - w/ Checking
1.50%$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
Locations

Availability