Overview / Commentary
111 West Monroe Street
Chicago, IL 60603

BMO is headquartered in CHICAGO and is the largest bank in the state of Illinois. It is also the 14th largest bank in the nation. It was established in 1947 and as of March of 2023, it had grown to 20,275 employees at 1,055 locations. BMO's savings rates are 9X the national average, and it boasts an A+ health rating.

Related Posts

BMO $300 Bonus Is A Foul Play - 7/5/2023

BMO Offers Competitive Online Savings Account and CD Rates - 2/13/2023

The large regional bank, BMO Harris (BMO), has been offering competitive online savings account and CD rates in the last few months.

BMO Harris (Check Your Zip Code) - 1/14/2023

Special CD Rates (looks like good nationwide but check your zip first) 13 mo 4.00% 25 mo 4.10% 35 mo 4.30% 45 mo 4.40% 59 mo 4.50% Only good outside Illinois and maybe other states where BMO has branches (check zip code at ) . 12 month - 60 month all at 4.50% EWP ranges from 180 days - 545 days (very high) Their redemption/maturity process is manual and requires depositor to call them and request a physical check be mailed to their address on file. No scheduling or ACH payments out. They will mail a separate check for each CD redeemed. Good rates from an old brick and mortar Money Center bank aside from the above observations. hat tip to JamesStewart for posting on the 59 month 4.5% on Dec 12th in an old thread.

View all posts from:

10/29/18 - BMO Harris Ups 60-Month Special CD Rate
3/25/18 - 3% 5 Year CD As Of March 25
2/26/18 - BMO Harris Bank Has A Special Rate 60-Month CD
1/29/18 - 2% 18 Month CD At BMO Harris Bank
12/1/17 - BMO Harris Bank Offers Long-Term "Step Rate" CDs
7/3/17 - BMO Harris Bank Adds CD Specials (Checking Relationship)
5/10/17 - BMO Harris Bank's $200 Checking Bonus Available Nationwide
3/2/17 - Earn $200 Checking Bonus At BMO Harris Bank
2/28/17 - $200 Checking Bonus From BMO Harris Bank
2/21/17 - BMO Harris Bank Adds Three Relationship CD Specials
11/15/16 - Special 2% 59-Month CD And $50 Checking Bonus At BMO Harris
4/29/16 - $200 Checking Bonus Has Been Extended At BMO Harris
7/31/15 - BMO Harris Bank Promotes New Checking $200 Cash Bonus
6/19/14 - Up to $200 Checking Account Bonus at BMO Harris Bank
3/19/14 - BMO Harris $200 Checking Account Bonus - May Be Targeted
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

Reviews (108)

My BMO Experience

We have been associated with BMO since 2019.Bmo and all their associates have always been there to help us with any of our financial issues. Their rates on CDs and money markets have always been competitive. Someone from BMO has always been available to assist us when any financial issues come up. Either by phone or by stopping by our local BMO bank in person.They always have time for us.Looking forward to being associated with them in years to come

Did not feel the love...

Posted by: |

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.

They Frequently Asks Me To Verify Identity

Posted by: |

For example, if I initialize a transfer from Bank-A to BMO, BMO put my transfer On-Hold and lock my account, asks me to verify my Identity.

So I called them and my Identity got verified.

I started another transfer from Bank-A to BMO, my transfer got On-Hold AGAIN and BMO asked me to verify my identity AGAIN.

A phone call may take 30 or more minutes.

BMO Failure

Posted by: |

My Bank Of The West sold out to BMO and I have not been able to login to my account sence . I spent about an hour and a half with the bank manager to day and he couldn't open my account ether. The only way I can access my ccount now is to take a 48 mile round trip drive and stand in front of a teller just to know my balance or any other activity on my account. Moving everything to Chase .



Health Grade Components

FDIC Certificate #16571
Year Established1947
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD-0.7%
Return on Equity - YTD-6.08%
Annual Interest Income$2.71B
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$265.4B$166.5B
LoansQ1 2023vs Q1 2022$156.1B$88.57B
DepositsQ1 2023vs Q1 2022$208B$136.8B
Equity CapitalQ1 2023vs Q1 2022$32.19B$15.66B
Loan Loss AllowanceQ1 2023vs Q1 2022$2.10B$809.1MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$904.5MM$542.2MM
Real Estate OwnedQ1 2023vs Q1 2022$14.7MM$4.3MM
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Always verify rates and promotions with the bank or credit union. We are not BMO; 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 Savings Account Rates

4.50%--Online Savings Account
0.01%--Savings Builder

BMO Money Market Rates

3.56%$250k-Relationship Plus Money Market - Premier Package
3.04%$100k$250kRelationship Plus Money Market - Platinum Package
2.02%$25k$100kRelationship Plus Money Market - Gold Package
1.00%--Relationship Plus Money Market

BMO Checking Account Rates

0.01%--BMO Relationship Checking
0.01%--BMO Relationship Checking - Silver (<25k combined balance)
0.01%--BMO Relationship Checking - Gold (25k-<100k combined balance)
0.01%--BMO Relationship Checking - Platinum (100k-<250k combined balance)
0.01%--BMO Relationship Checking - Premier (250k+ combined balance)
0.00%--BMO Harris Smart Advantage Account

BMO 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
0.05%$1k-12m CD (in-footprint)


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


Minneapolis Area

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