Skip navigation
    Canada
    Canada
    Flag of the United States of America
    US, link
    Flag of People's Republic of China
    China, link
    • English
    • English
    • Français, lien
    • Français, lien
    • 简体中文, link
    • 繁體中文, link
    Support
    Branches
    Appointment
      Canada
      Canada
      Flag of the United States of America
      US, link
      Flag of People's Republic of China
      China, link
      • English
      • English
      • Français, lien
      • Français, lien
      • 简体中文, link
      • 繁體中文, link
      News Releases Signup for News Alerts Media Contacts Executive Bios Corporate Fact Sheet BMO Expert Insights
      Navigation skipped
      About BMO

      News Releases

      BMO Financial Group Increases US$ Prime Lending Rate to 7.00 Percent

      CHICAGO, Nov. 2, 2022 /CNW/ - BMO Financial Group today announced that it is increasing its US$ prime lending rate from 6.25 percent to 7.00 percent, effective November 3, 2022.

      About BMO Financial Group
      Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $1.07 trillion as of July 31, 2022, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.

      SOURCE BMO Financial Group