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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5/10 - BMO Harris Bank's $200 Checking Bonus Available Nationwide
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6/19/14 - Up to $200 Checking Account Bonus at BMO Harris Bank
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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
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
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.
" MAINTENANCE DOWN TIME "
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!!!
Online Banking Is Down Again
Losing faith with the online banking feature. It's down for maintenance again tonight. I've never had a problem with Ally.
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 16571 |
| Year Established | 1947 |
| Employees | 11456 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.01% |
| Return on Equity - YTD | 7.75% |
| Annual Interest Income | $2.33B |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $129.6B$113.2B |
| Loans | Q2 2019vs Q2 2018 | $85.67B$74.41B |
| Deposits | Q2 2019vs Q2 2018 | $101B$83.57B |
| Equity Capital | Q2 2019vs Q2 2018 | $16.56B$15.62B |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $775.7MM$668.9MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $938.1MM$846.1MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $18.7MM$22.9MM |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 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
BMO Harris Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 | |||||
