BMO Harris Bank

Overview / Commentary
111 West Monroe Street
Chicago, IL 60603

BMO Harris Bank is headquartered in Chicago and is the largest bank in the state of Illinois. It is also the 22nd largest bank in the nation. It was established in 1947 and as of June of 2019, it had grown to 11,456 employees at 598 locations. BMO Harris Bank's money market rates are 5X the national average, and it has an A health rating.

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Good customer service

Harris bank has good customer service but is lacking in products and fees. They had a good partnership with local elementary schools to help kids start saving. This was great as it gave the community a jump start and showed that they cared. I am happy I got a chance to know the local tellers and start my understanding of savings with them.

Online Bank With Branch Rules

Posted by: phillygwm | Sep 28, 2019

I recently opened an account at BMO Harris. They're trying to attract depositors from outside their branch footprint with a premium rate. That's great; I'm hundreds of miles from the nearest branch but like the 2.35% MMA.

They offer a ATM card for the account, which is a nice feature. HOWEVER, the daily withdrawal amount is only ~$500. When I called customer service, they stated this could be increased, if I went into a branch. I explained they're marketing to people who are nowhere near their branches. Alas, those are the rules. It's a hassle but the next time I'm in the area I'll need to remember to stop in.


Write a paragraph or two about how customers DON'T get a notice or warning that there will be NO service online at the drop of a dime! Customers need to use online banking on the weekend! We are furiously mad about NO COMMUNICATION from HARRIS BANK!! TREAT customers BETTER than that; how hard is it to post a letter so we the customers can be prepared! But as of now (Saturday 10/19/2019) we are MAD! Get with it Harris Bank!!!

Worst Bank Ever

Atm took my money and they acting like they cant check the atm to try and get my money bank so pissed off customer service sucks and very care feel attitude towards getting my money in to my account... customer service and bank branch are on two different pages nothing but lies



Health Grade Components

FDIC Certificate #16571
Year Established1947
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.01%
Return on Equity - YTD7.75%
Annual Interest Income$2.33B
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$129.6B$113.2B
LoansQ2 2019vs Q2 2018$85.67B$74.41B
DepositsQ2 2019vs Q2 2018$101B$83.57B
Equity CapitalQ2 2019vs Q2 2018$16.56B$15.62B
Loan Loss AllowanceQ2 2019vs Q2 2018$775.7MM$668.9MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$938.1MM$846.1MM
Real Estate OwnedQ2 2019vs Q2 2018$18.7MM$22.9MM
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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

1.25%*$50k*-Health Savings Account
OTHER TIERS: 0.05% Up to $5k | 0.25% $5k - $10k | 0.50% $10k - $25k | 1.00% $25k - $50k
0.05%--Statement Savings

BMO Harris Bank Money Market Rates

2.05%*$5k*-Platinum Money Market - Online Only (limited markets)
OTHER TIERS: 0.05% Up to $5k
0.75%*$25k*-Platinum Money Market
OTHER TIERS: 0.25% $5k - $10k | 0.50% $10k - $25k

BMO Harris Bank Checking Account Rates

0.25%*$50k*-BMO Harris Premier Account
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $10k | 0.15% $10k - $25k | 0.20% $25k - $50k

BMO Harris Bank CD Rates

2.00%$5k-11 Month CD Special
1.85%$1k-1 Year Add-on CD
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


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.