Overview / Commentary
111 West Monroe Street
Chicago, IL 60603

BMO is headquartered in CHICAGO and is the largest bank in the state of Illinois. It is also the 14th largest bank in the nation. It was established in 1947 and as of December of 2023, it had grown to 18,941 employees at 1,043 locations. BMO's money market rates are 2X the national average, and it boasts an A+ health rating.

Related Posts

BMO Harris $300/$500/$1,000 Business Checking Bonus - 3/14/2024

It is Nationwide via online application. No ChexSystems... at least in my case, I used EIN as Business Tax ID. The Promotion is a type of "clever" trap, there is a Average Collected Balance requirement that could not be satisfied with stated $$$ minimum. Expect to be doing heavy calculation and maintain at least double of stated $$$ minimum balance for at least a day or longer. After all, from the basis of 5% on $30K the Bonus will net about $600. IGR doesn't do conversion of one time bonus into APY and doesn't welcome equivalent Rate calculations! The opening process was pretty entertaining. Right after "Submit" got the message displayed...something like...we are reviewing your application. Next day email "Action Required!" arrived from noreply@bmo requesting the submission of proof of the incorporation(for sole proprietorship under my legal name as it was) and Letter of Good Standing from "Secretary of State"(had to guess not from Blinken). Called them, interested why BMO insists

BMO $300 Bonus Is A Foul Play - 7/5/2023

View all posts from:

8/26/20 - MM Big Drop From .95 To .75% APY
7/25/20 - BMO Harris Platinum Money Market Drops To 0.95%
7/7/20 - BMO Harris Platinum Money Market Drops To 1.10%
6/19/20 - Another BMO Harris MM Rate Cut
6/10/20 - BMO Harris mm Drops To 1.35%
5/1/20 - BMO Harris Savings Drops To 1.65% APY
4/8/20 - BMO Harris Bank MM 1.75% APY, $5,000 Min
10/29/18 - BMO Harris Ups 60-Month Special CD Rate
3/25/18 - 3% 5 Year CD As Of March 25
2/26/18 - BMO Harris Bank Has A Special Rate 60-Month CD
1/29/18 - 2% 18 Month CD At BMO Harris Bank
12/1/17 - BMO Harris Bank Offers Long-Term "Step Rate" CDs
7/3/17 - BMO Harris Bank Adds CD Specials (Checking Relationship)
5/10/17 - BMO Harris Bank's $200 Checking Bonus Available Nationwide
3/2/17 - Earn $200 Checking Bonus At BMO Harris Bank
2/28/17 - $200 Checking Bonus From BMO Harris Bank
2/21/17 - BMO Harris Bank Adds Three Relationship CD Specials
11/15/16 - Special 2% 59-Month CD And $50 Checking Bonus At BMO Harris
4/29/16 - $200 Checking Bonus Has Been Extended At BMO Harris
7/31/15 - BMO Harris Bank Promotes New Checking $200 Cash Bonus
6/19/14 - Up to $200 Checking Account Bonus at BMO Harris Bank
3/19/14 - BMO Harris $200 Checking Account Bonus - May Be Targeted
3/11/13 - Up to $200 Checking Account Bonus at BMO Harris Bank in Some States
8/2/10 - $1,000 Business Checking Promotion At Harris Bank In IL, WI & IN
11/11/09 - $150 Checking Account Bonus at Harris Bank
9/1/09 - $150 Checking Account Bonus at Southwest Bank in Missouri - Local Only
3/13/09 - 3.00% 10-Month CD & 3.75% 39-Month CD at AMCORE Bank in IL & WI
1/20/09 - 4.00% 39-Month CD and 3.50% 10-Month CD at Amcore Bank in IL and WI
10/24/08 - 4.50% 7-Month / 5.10% 60-Month CD at Harris Bank
7/19/08 - 5.00% 39-Month / 4.00% 19-Month CD at an IL/WI Bank (Amcore)
5/24/08 - 4.70% 60-Month / 3.60% 20-Month CD at M&I Bank
4/20/08 - 4.50% 60-Month CD at M&I Bank
1/9/06 - CD Specials (5% 13-mo) at an Indiana Bank

Reviews (188)

Thanks For The Good Job

Posted by: |

Have you gotten yourself involved in a cryptocurrency scam or any scam at all? If yes, know that you you are not alone, there a a lot of people in this same situation. I was a victim of a cryptocurrency scam that cost me a lot of money. This happened a few weeks ago, there’s only one solution which is to talk to the right people, if you don’t do this you will end up being really depressed . I was really devastated until i sent a mail to an expert team who came highly recommended – \. I started seeing some hope for myself from the moment i sent them a mail. The good part is they made the entirely process stress free for me, i literally sat and waited for them to finish and i received what i lost in my wallet.

Did not feel the love...

Posted by: |

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.

Bmo Morons

Posted by: |

Complete douchbags utterly incompetent

Bank Of The West Was So Much Better. BMO Sucks!!

Posted by: |

Customer service is terrible, policies are designed for criminals. Phone calls to alert you to an urgent matter which turns out to be automated, then you call back and there is no indication of who to speak to or what the urgent matter actually is. Once you get to someone you find out - it wasn't really an urgent matter, but you are still givent the third degree and even asked for personal information such as your social. Horrible. F! you Canada! You ruined a great bank.



Health Grade Components

FDIC Certificate #16571
Year Established1947
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.17%
Return on Equity - YTD1.41%
Annual Interest Income$12.8B
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$265.7B$177B
LoansQ4 2023vs Q4 2022$146.1B$99.99B
DepositsQ4 2023vs Q4 2022$206.6B$142B
Equity CapitalQ4 2023vs Q4 2022$32.99B$18.54B
Loan Loss AllowanceQ4 2023vs Q4 2022$2.24B$847MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$1.41B$442.2MM
Real Estate OwnedQ4 2023vs Q4 2022$8.7MM$5MM
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not BMO; 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 Savings Account Rates

0.03%--IRA Premium Savers
0.01%--Savings Builder

BMO Money Market Rates

3.56%$250k-Relationship Plus Money Market - Premier Package
3.04%$100k$250kRelationship Plus Money Market - Platinum Package
2.02%$25k$100kRelationship Plus Money Market - Gold Package
1.00%--Relationship Plus Money Market

BMO Checking Account Rates

0.01%--BMO Relationship Checking
0.01%--BMO Relationship Checking - Silver (<25k combined balance)
0.01%--BMO Relationship Checking - Gold (25k-<100k combined balance)
0.01%--BMO Relationship Checking - Platinum (100k-<250k combined balance)
0.01%--BMO Relationship Checking - Premier (250k+ combined balance)

BMO CD Rates

4.90%$1k-13 Month CD Special
4.40%$1k-25 Month CD Special
4.30%$1k-59 Month CD Special
4.30%$1k-35 Month CD Special
4.30%$1k-45 Month CD Special
2.00%$1k-12 Month CD
1.70%$1k-18 Month CD
1.50%$1k-24 Month CD
1.40%$1k-30 Month CD
1.35%$1k-36 Month CD
1.35%$1k-48 Month CD
1.35%$1k-60 Month CD
0.05%$1k-3 Month CD
0.05%$1k-6 Month CD
0.05%$1k-9 Month CD
0.05%$100k-1 Month CD
0.05%$100k-2 Month CD


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


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.