Featured Savings Rates
Featured Accounts

BMO Harris Bank

Popular Accounts at this Bank

2.74%5-year CD5 Year Step-Up CD
1.50%1-year CD13 Month CD Special
2.25%3-year CD3 Year Step-Up CD

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 27th largest bank in the nation. It was established in 1947 and as of September of 2017, it had grown to 12,066 employees at 601 locations. BMO Harris Bank has a B+ health rating.

Related Posts

BMO Harris Bank Offers Long-Term "Step Rate" CDs - 12/1/2017

BMO Harris Bank's 3-year (2.25% APY) and 5-year (2.74% APY) Step Rate CDs have pre-defined rates that increase at predetermined intervals. Min deposit is $5k.

BMO Harris Bank Adds CD Specials (Checking Relationship) - 7/3/2017

BMO Harris Bank has CD Specials w/checking: 15-month (1.50% APY), 30-month (1.85% APY), 50-month (2.25% APY), minimum $5k deposit. $200 checking bonus also available.

BMO Harris Bank's $200 Checking Bonus Available Nationwide - 5/10/2017

BMO Harris Bank's new $200 checking bonus is available nationwide now through June 30, 2017. All three of BMO Harris Bank's checking accounts qualify.

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The Future, IS , At Hand .

Posted by: 2010MM | 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 .

Good bank

Posted by: Benhamic | Dec 12, 2017

Bmo Harris is an amazing bank. They have overdraft protections, low banking fees, amazing customer service. I have overdrew my account a couple of times and I called them and they were able to remove all of the fees from overdrawing my account and I just owed how much I overdrew. They really care about you and will do whatever they can to help you.

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.

Nothing Compelling

Opened a checking account for the $200 bonus they were offering. Had no issues with that, customer service is OK. Online banking looks about 10 years out of date, and the lack of ACH ability is a definite downside. Really, I couldn't find any reason to continue using them as a bank. Their deposit products, rates, and credit products are all sub-par compared to other banks and credit unions.



Health Grade Components

FDIC Certificate #16571
Year Established1947
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.72%
Return on Equity - YTD4.89%
Annual Interest Income$2.27B
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$106.2B$106.7B
LoansQ3 2017vs Q3 2016$67.44B$65.60B
DepositsQ3 2017vs Q3 2016$76.50B$83.53B
Equity CapitalQ3 2017vs Q3 2016$15.73B$15.32B
Loan Loss AllowanceQ3 2017vs Q3 2016$616.5MM$674.4MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$931.2MM$864.7MM
Real Estate OwnedQ3 2017vs Q3 2016$29.1MM$37.7MM
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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

0.05%*$25k*-Statement Savings
OTHER TIERS: 0.01% Up to $25k

BMO Harris Bank Money Market Rates

0.15%*$25k*-BMO Harris Select Money Market
OTHER TIERS: 0.05% Up to $25k

BMO Harris Bank Checking Account Rates

0.05%--BMO Harris Premier Account

BMO Harris Bank CD Rates

2.74%$5k-5 Year Step-Up CD
2.25%$5k-3 Year Step-Up CD
2.00%$5k-31 Month CD Special
1.75%*$5k*-18 Month CD
OTHER TIERS: 0.25% $1k - $5k
1.50%$5k-13 Month CD Special
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
0.15%$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

2.74%$5k-5 Year Step-Up IRA
2.25%$5k-3 Year Step-Up IRA
1.75%*$5k*-18 Month IRA
OTHER TIERS: 0.25% $1k - $5k
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
0.15%$1k-12 Month IRA
0.10%$1k-9 Month IRA
0.05%$1k-3 Month IRA
0.05%$1k-6 Month IRA