BMO Harris Bank Adds Three Relationship CD Specials

POSTED ON BY

Deal Summary: Limited-time CD Specials with checking relationship: 13-month, 1.00% APY; 25-month, 1.50% APY; and 44-month, 2.00% APY, minimum $5k deposit.

Availability: Market area includes Arizona, Florida, Illinois, Indiana, Kansas, Minnesota, Missouri, Washington, and Wisconsin.

BMO Harris Bank is currently offering three limited-time CD Specials: 13-month, 1.00% APY; 25-month, 1.50% APY; and 44-month, 2.00% APY. All three CD Specials require a companion BMO Harris Bank checking account, either new or existing.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.00%$5k-BMO Harris Bank44 Month CD Special w/ Checking
1.50%$5k-BMO Harris Bank25 Month CD Special w/ Checking
1.00%$5k-BMO Harris Bank13 Month CD Special w/ Checking
Accounts mentioned in this post. Rates as of February 21, 2017.

BMO Harris Bank has four checking accounts to choose from: Everyday Checking, Select Checking, Portfolio Checking, and Smart Money Account. The Bank’s “Compare Accounts” page details each checking account, and provides an overview to help in deciding which account meets your needs.

APYMINMAXINSTITUTIONPRODUCTDETAILS
0.05*%$10k-BMO Harris BankBMO Harris Select Checking
0.05*%--BMO Harris BankBMO Harris Portfolio Checking
Accounts mentioned in this post. Rates as of February 21, 2017.

$50 Bonus

New BMO Harris Bank checking customers can earn a $50 bonus when opening a

personal checking account and making 20 or more purchases
using your BMO Harris Bank Debit Mastercard® within 90 days.

Last week, long-time DA reader and guest contributor, Charles Rechlin, wrote an insightful blog post on relationship CDs, based on his years of personal CD investing. If you are considering one of the BMO Harris Bank CD Specials, it’s worth the time to read what Charles has to say on the subject.

Availability

BMO Harris Bank’s market area includes Arizona, Florida, Illinois, Indiana, Kansas, Minnesota, Missouri, Washington, and Wisconsin.

Opening a CD Special and/or a checking account can be done at any of the more than 606 full-service branches located in Arizona (47), Florida (32), Illinois (202), Indiana (64), Kansas (8), Minnesota (22), Missouri (20), Washington (1), and Wisconsin (210), or by phone.

These CD specials are exclusive for BMO Harris personal checking customers
and are available in-branch and by phone only. (1-888-340-2265)

Bank Overview

BMO Harris Bank has an overall health grade of "B+" rating at DepositAccounts.com, with a Texas Ratio of 5.64% (excellent) based on September 30, 2016 data. BMO Harris Bank has an excellent capitalization level of 14.99%, the result of holding $106.68 billion in assets with $15.99 billion in equity. Please refer to our financial overview of BMO Harris Bank (FDIC Certificate # 16571) for more details.

BMO Harris Bank can trace its origins to the Glencoe National Bank, which was established in 1947 in Glencoe, Illinois. Almost 40 years later, the name was changed to Harris Bank Glencoe-Northbrook, N.A. May 2005 was a busy month for the Bank, with the acquisition of 26 Illinois banks, the Bank headquarters moved to Chicago, and another name change (Harris National Association). The next six years saw another 11 acquisitions and a final name change. Today, BMO Harris Bank is the 2nd largest bank in Illinois and the 25th largest bank in the country.

How the CD Specials Compare

When compared to 193 similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available nationally, BMO Harris Bank’s 25-month CD Special APY currently ranks sixth.

Interest RateCD Length of TermCredit Union/Bank
1.60% APY24-Month CD SpecialConnexus Federal Credit Union
1.56% APY2-Year Share CertificateMelrose Credit Union*
1.50% APY25-Month CD SpecialBMO Harri Bank

When compared to 168 similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available nationally, BMO Harris Bank’s 44-month CD Special APY currently ranks second.

Interest RateCD Length of TermCredit Union/Bank
2.07% APY4-Year Share CertificateMelrose Credit Union*
2.00% APY44-Month CD SpecialBMO Harris Bank
1.91% APY4-Year CDState Bank of India

*Note: Melrose Credit Union is currently operating under an NCUA conservatorship.

The above rates are accurate as of 2/21/2016.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table or our new Rates Map page.

Comments
Earn $200 Checking Bonus At BMO Harris Bank

UPDATE 1/7/2017: Offer now extended through February 28, 2017.

Availability: Market area includes Arizona, Florida, Illinois, Indiana, Kansas, Minnesota, Missouri, Washington, and Wisconsin.

You can earn $200 when opening a new BMO Harris Bank Everyday Checking, Select Checking, or Portfolio Checking account. This promotional offer is valid now through October 31, 2016 February 28, 2017.

Requirements

  • Use or mention the promotion code when opening the new checking account.
  • Have at least one two recurring qualifying direct deposits of $300 or more on at least a monthly basis within 90 days of...
Continue Reading
BMO Harris Bank Promotes New Checking $200 Cash Bonus

UPDATE 4/29/2016: Offer has been extended through July 2, 2016.

Availability: Market area includes Arizona, Florida, Illinois, Indiana, Kansas, Minnesota, Missouri, Washington, and Wisconsin.

You can earn $200 when opening a new BMO Harris Bank Everyday Checking, Select Checking, or Portfolio Checking account. This promotional offer is valid between July 27, 2015 and January 22, July 2, 2016, and is limited to one account per customer.

Requirements

  • Use or mention the promotion code when opening the new checking account.
  • Have at least one recurring qualifying direct deposit of $300 or...

Continue Reading
Up to $200 Checking Account Bonus at BMO Harris Bank

BMO Harris Bank has a checking account promotion in which you can earn up to $200. I had mentioned this promotion last March in the forum. At that time I was told the promo was targeted. Now I’m being told that anyone from any state can apply. You can apply online, by phone or at a branch. There’s a $150 bonus and a $200 bonus. Both require opening a checking account with direct deposit. As you might guess, the $200 bonus requires a checking account that has a higher monthly...

Continue Reading
Up to $200 Checking Account Bonus at BMO Harris Bank in Some States

BMO Harris Bank is offering a cash bonus of up to $200 for opening a personal checking account with qualifying direct deposit. Like most large banks, BMO Harris doesn't have a free checking account. So if you take advantage of this bonus, you'll have to be careful to avoid monthly service charges.

To qualify for the $200 bonus requires either the BMO Harris Portfolio Checking or the BMO Harris Select Checking. A $150 bonus requires the BMO Harris Everyday Checking.

Here's the link to the bank's promotion page: bmoharris.com/offerchecking2013.

The new checking account...

Continue Reading
$150 Checking Account Bonus at Harris Bank

Update 2/08/10: The offer has been extended to 3/15/2010. Refer to the Harris Bank's promo page for the full details.

Harris Bank has a checking account promotion in which you can earn up to $150 in cash. The details are described at harrisbank.com/checking250. Offer expires on 11/30/2009. Here are the steps required to earn the full $150:

  • Open a Harris Interest-Checking Account
  • $100 requires either: a) monthly direct deposit within 90 days of account opening, OR b) at least 5 online bill payments within 60 days of account opening
  • $50 requires Harris savings account...
Continue Reading

More Past Offers