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      News Releases

      BMO Bank of Montreal Boosts Premium Rate Savings Rate

      BMO Bank of Montreal announced today it has increased the interest rate earned on its Premium Rate Savings Account and Business Premium Rate Savings Account on deposits of $60,000 or more.

      Effective September 25, 2007 the new rate is:

      Premium Rate Savings Account

      Amount

      Interest Rates

      Change

      up to $59,999.99 *

      2.60%

      0.00%

      $60,000.00 and over *

      4.25%

      0.50%

      Business Premium Rate Savings Account

      Amount

      Interest Rates

      Change

      up to $59,999.99 *

      2.60%

      0.00%

      $60,000 to $500,000 *

      4.25%

      0.50%

        *interest rate earned on this portion of balance

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