BMO Harris Bank

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 24th largest bank in the nation. It was established in 1947 and as of June of 2021, it had grown to 10,357 employees at 552 locations. BMO Harris Bank 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.

Rates May Not Be As Shown

Be careful with BMO Harris, They are trying to attract new money from outside their normal market areas. If you are in an area that has local branches, the rate is much lower.

There Are BETTER Banks To Do Business With

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In the first week of account opening, BMO Harris froze my account claiming they couldn’t verify my identity. This prevented me from making deposits and withdrawals for a number of days until the matter was finally resolved after numerous calls. Also, external transfers take days to post to your BMO Harris account even though the funds are deducted immediately from your transferring bank. Investors are losing interest income during these
posting delays while BMO benefits from having the use of your money -other banks are much quicker. I will be closing my account with BMO and doing business elsewhere !

Very Disappointed With BMO Harris Investments

I had a 401k with a previous employer that was rolled over to an IRA with BMO Harris after I left. Have been trying to get it routed over to where I have the rest of my investments for a few months and it's been an absolute nightmare. Lack of direction, confusing forms and poor customer service overall. I'm a pretty patient person, but after multiple calls and a lot of time wasted it's been super frustrating. Highly recommend taking your investment funds elsewhere and saving yourself the headache.



Health Grade Components

FDIC Certificate #16571
Year Established1947
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.21%
Return on Equity - YTD10.49%
Annual Interest Income$1.88B
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$159.8B$153.5B
LoansQ2 2021vs Q2 2020$82.27B$88.12B
DepositsQ2 2021vs Q2 2020$134.3B$128.8B
Equity CapitalQ2 2021vs Q2 2020$18.47B$17.70B
Loan Loss AllowanceQ2 2021vs Q2 2020$934.3MM$1.09B
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$784.4MM$1.51B
Real Estate OwnedQ2 2021vs Q2 2020$3.2MM$18.2MM
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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

0.01%--Savings Builder

BMO Harris Bank Money Market Rates

0.05%--Premier Money Market

BMO Harris Bank Checking Account Rates

0.01%--BMO Harris Premier Account
0.00%--BMO Harris Smart Advantage™ Account
0.00%-$25kBMO Harris Premier Silver Account
0.00%$25k$100kBMO Harris Premier Gold Account
0.00%$100k$250kBMO Harris Premier Platinum Account
0.00%$250k-BMO Harris Premier Platinum Elite Account

BMO Harris Bank CD Rates

0.25%$1k-60 Month CD
0.15%$1k-48 Month CD
0.10%$1k-36 Month CD
0.05%$1k-3 Month CD
0.05%$1k-6 Month CD
0.05%$1k-9 Month CD
0.05%$1k-12 Month CD
0.05%$1k-18 Month CD
0.05%$1k-24 Month CD
0.05%$1k-30 Month CD
0.05%$100k-1 Month CD
0.05%$100k-2 Month CD

BMO Harris Bank IRA Rates

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


Milwaukee Area

Interactive local rates map

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