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BMO Harris Bank

gsquare
  |     |   47 posts since 2022

Has anyone had any experience with BMO Bank other than lack of higher rates in areas that don't have a brick and mortar branch? They have 4.5% APY on all CDs 12 months and longer. Their EWPs are pretty high for the longer term though. Sorry if I posted this twice but the first one didn't seem to go through. Thank you.

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Answers
weiss800
  |     |   32 posts since 2014
I have used them with no problem. Customer service is usually available with minimal hold time. Unless you are going for 5 years plus period, there are higher rates available on this website. Good Luck!
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gsquare
  |     |   47 posts since 2022
Thank you. There is a branch in my area and I like to try to use a brick and mortar bank if I can find one with reasonable rates. I need a 4 year for my ladder.
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Choice
  |     |   937 posts since 2020
Why is Weiss800 a so-called “top answer?” Does an advertiser get a little slack?
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weiss800
  |     |   32 posts since 2014
fyi -- I am not an advertiser or a corporate behemoth. Not being (too) critical....
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Choice
  |     |   937 posts since 2020
On this thread there appears to be only one very favorable post/review for this FI which is a DA advertiser. The number of so-called votes is what it is. Other posts had more votes yet that appears not to be the criteria for Top Answer…otherwise ..Q becomes, what decides what is Top Answer? Does the fact that the FI is an advertiser have a role or ? Or given slack? Sorry for my earlier confusing post.
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Choice
  |     |   937 posts since 2020
Not being (too) critical, but gsquare what was/is your take on the less than stellar reviews on DA? One not too positive is less than two weeks ago…please share your thoughts. Thanks
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gsquare
  |     |   47 posts since 2022
The negative comments seem to be over issues with things I never intend to do with this bank. I don't want to open a business account, ask for an incentive, order checks, get a loan, have any type of credit/ATM account that requires a card, do a lot of extensive online banking, or ever withdraw actual cash. All I want is a simple CD at a bank that has FDIC insurance. There is also a branch about 20 minutes away from me. If the negative comments were about insolvency, refusal to pay a matured CD, changing an interest rate, theft, data breaches, or hidden fees I would be concerned. You also have to remember there are two sides to every story and satisfied people are not prone to leave comments. I hope that explains my thoughts.
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Choice
  |     |   937 posts since 2020
Got it! Thanks for reply...we appreciate it! If you were concerned only in the noted areas, why not say so in original post? And the negative comments don't reflect on the other operations...bad in one area, good in others? And, if two sides as you say, wouldn't "you" respond with an explanation or...but we see nothing from BMO. And if you get good/bad responses to your post...isn't that "two sides?" I'm of the view that a FI should monitor good/bad reviews and if not responding then they, in effect, are ratifying the comments!  Good luck

PS...Let's see if BMO replies to this thread!
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Choice
  |     |   937 posts since 2020
PS …(only one hour opportunity to edit posts) it was just pointed out to me…BMO is a DA advertiser! They monitor and no reply.  Go figure!
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gsquare
  |     |   47 posts since 2022
If they did answer it would probably be the generic "We're sorry you are having a problem with our service. Please contact us at 'blah blah blah' so we may address your issue." I guess I wouldn't blame them. A bank doesn't want to discuss details of a private business transaction on a public forum for probably a whole slew of legal issues.
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Choice
  |     |   937 posts since 2020
Luv those adverbs and Washington type speculation types but try Wells Fargo and they may be satisfactory!  Good luck!
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