BMO Harris Bank


Overview / Commentary
312-461-2323
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 21st largest bank in the nation. It was established in 1947 and as of September of 2020, it had grown to 10,632 employees at 554 locations. BMO Harris Bank has an A health rating.

Related Posts

MM Big Drop From .95 To .75% APY - 8/26/2020

https://www.bmoharris.com/main/personal/MM2/

BMO Harris Platinum Money Market Drops To 0.95% - 7/25/2020

Another rate cute... this time to to 0.95%

BMO Harris Platinum Money Market Drops To 1.10% - 7/7/2020

Looks like the rate has been cut again to 1.10%

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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

Posted by: |

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 !

Do Not Open An Account Here!!

Posted by: |

BMO Harris wants to steal money from you! They charge you overdraft fees even after you deposit the same day!!!!! I had to go into the location today to be spoken too like I a was a piece of crap! I can not wait to cancel this account in a few weeks. Horrible customer service when you call as well. I had a rep tell me I'm not entitled to speak with a manager and basically BYE. Yes !!!! This is the bank that I pay hundreds in fees... The bank that is suppose to work for me??? DO NOT OPEN AN ACCOUNT HERE!! I will leave reviews everywhere I can to help save someone from going through what I've gone through! Shame on you for taking from people during a pandemic!

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Health

Health Grade Components

Overall
FDIC Certificate #16571
Year Established1947
Employees10632
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD4.29%
Annual Interest Income$3.09B
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$151.5B$138.8B
LoansQ3 2020vs Q3 2019$85.14B$87.31B
DepositsQ3 2020vs Q3 2019$126B$105.4B
Equity CapitalQ3 2020vs Q3 2019$17.87B$16.74B
Loan Loss AllowanceQ3 2020vs Q3 2019$1.23B$755.0MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$1.29B$892.8MM
Real Estate OwnedQ3 2020vs Q3 2019$14.3MM$23.1MM
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
0.40%*$50k*-Health Savings Account
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $10k | 0.20% $10k - $25k | 0.30% $25k - $50k
0.03%--Statement Savings

BMO Harris Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$25k*-Platinum Money Market
OTHER TIERS: 0.05% $5k - $25k

BMO Harris Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%*$5k*-BMO Harris Premier Account
OTHER TIERS: 0.01% Up to $5k
0.00%--BMO Harris Smart Advantage™ Account

BMO Harris Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$5k-55 Month CD Special
0.35%$5k-25 Month CD Special
0.30%$1k-1 Year Add-on CD
0.25%$1k-60 Month CD
0.25%$5k-13 Month CD Special
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
Locations

Availability



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