2. BMO Harris Bank

BMO Harris Bank

Popular Accounts at this Bank

APYACCOUNT TYPEHOW THEY COMPARE
3.00%5-year CD
2.27% - National Average
2.75%18-month CD
1.60% - National Average
0.15%1-year CD
1.37% - National Average
View all BMO Harris Bank rates »

Overview / Commentary
www.bmoharris.com
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 25th largest bank in the nation. It was established in 1947 and as of December of 2018, it had grown to 11,469 employees at 597 locations. BMO Harris Bank's money market rates are 3X the national average, and it has an A health rating.

Related Posts

BMO Harris Ups 60-Month Special CD Rate - 10/29/2018

BMO Harris Bank (AZ/FL/IL/IN/KS/MN/MO/WI) has raised the rate on its 60-month Special Rate CD to 3.50% APY. Minimum opening deposit is $5k.

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Reviews (34)

The Future, IS , At Hand .

Posted by: MAMAZ2000 | Dec 18, 2017

The bank , I , bank with/at .Great , banking features .To bank anywhere else , just , selling myself short , therefore , not to cheat myself , of such service . Thanks , BMO .

5

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.

6

Online Banking Is Down Again

Posted by: Shay | Feb 2, 2019

Losing faith with the online banking feature. It's down for maintenance again tonight. I've never had a problem with Ally.

1

Absolutely The Worst

Posted by: jamesrichy | Feb 22, 2019

I deal with numerous banks for my international businesses. BMO Harris has some integration advantages for international accounts, but the good ends right there. BMO Harris is incredibly bad. After 6 months, endless emails, and probably 10 hours on hold, I STILL cannot send a wire to China. All the forms have been filled out and signed. They just cannot accomplish it. They keep telling me to go in to the branch, but as I am a BMO Harris customer in Canada there is no branch. Twice I eventually talked to a very helpful person, who promised they'd take personal responsibility for the problem, and that they or someone else would get back to me shortly. No one ever got back to me. Second, hold times are the absolute worst, completely unacceptable. And every single time calling in is a nightmare. Typically - the person says they cannot help, and the next person cannot help, then the third person says I've been put through to the wrong department, then they transfer me back to the first place....and on it goes.

4
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Health
A

Data as of Q4 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #16571
Year Established1947
Employees11469
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.91%
Return on Equity - YTD6.7%
Annual Interest Income$3.95B
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$123.1B$109.4B
LoansQ4 2018vs Q4 2017$80.16B$70.02B
DepositsQ4 2018vs Q4 2017$97.02B$81.16B
Equity CapitalQ4 2018vs Q4 2017$16.18B$15.44B
Loan Loss AllowanceQ4 2018vs Q4 2017$715.3MM$649.9MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$867.4MM$920.0MM
Real Estate OwnedQ4 2018vs Q4 2017$22.0MM$26.4MM
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%†--Statement Savings

BMO Harris Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*†$250k*-Platinum Money Market
OTHER TIERS: 0.05% → Up to $5k | 0.25% → $5k - $10k | 0.50% → $10k - $25k | 1.00% → $25k - $250k

BMO Harris Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%†$5k-60 Month CD Special
2.75%†$5k-18 Month CD Special
2.00%†$1k-1 Year Add-on CD
0.75%†$1k$5k60 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$5k18 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
3.00%†$5k-60 Month IRA Special
2.75%†$5k-18 Month IRA Special
0.75%†$1k$5k60 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$5k18 Month IRA
0.15%*†$1k*$100k12 Month IRA
OTHER TIERS: 0.05% → $100k+
0.10%*†$1k*$100k9 Month IRA
OTHER TIERS: 0.05% → $100k+
0.05%†$1k-3 Month IRA
0.05%†$1k-6 Month IRA
Locations

Availability

Wausau Area

Interactive local rates map


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