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BMO Bank of Montreal Now Pays High Rate of Interest on Every Dollar on Deposit Increases Personal Premium Rate Savings Account rate to 2.25 per cent for entire balance  


BMO Bank of Montreal announced that, effective tomorrow, every dollar of balances held in its Premium Rate Savings Account ($CDN account) will receive the same high rate – 2.25 per cent – helping savers and investors to maximize the earning potential of every dollar they deposit.

That means that customers with balances under $5000.00 now receive 2.25 per cent on their entire balance, up from 1.50 per cent.

“Now, our customers have a convenient, easy-to-use savings vehicle that earns a high rate of interest without locking in their money,” said John Whalen, senior manager, Banking Products, BMO Bank of Montreal.  “BMO Bank of Montreal’s Premium Rate Savings Account offers one of the best rates available in the marketplace.  This account is ideally suited for individuals who want flexibility and ease of access to their account through their branch, ABM, telephone banking and online banking,” he said.

Interest on balances is calculated daily and paid monthly.

BMO Bank of Montreal is a member of BMO Financial Group, one of the largest financial services providers in North America.  BMO Bank of Montreal provides a full range of everyday banking products and services through a network of full-service retail branches, telephone, internet and ABM channels across Canada.

BMO Financial Group serves clients across Canada and in the United States through its Canadian retail arm BMO Bank of Montreal, Chicago-based Harris Bank, a major U.S. mid-west financial services organization that also has wealth management offices across the United States, and through BMO Nesbitt Burns, one of Canada's leading full-service investment firms.

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