News Releases

BMO brings back 2.99 per cent rate on popular 5-year fixed mortgage with maximum 25-year amortization

- Canadians currently have an average of $10.22 worth of pennies; nearly half plan to cash them in at a bank

- $810,000 in pennies have been counted through BMO Coin Counters since the March 2012 announcement of the phasing out of the penny

- BMO encourages Canadians to invest their "piggy banks" into a high-interest savings account

- Sixty-three per cent have made or plan to make a contribution to their RRSP before today's deadline, up from last year

- Average contribution amount was $3,544, down $1,100 from last year

- Psychology of Saving for Retirement: sense of responsibility was top motivator for making an RRSP contribution this year

- Many of those expecting a tax refund plan to save or invest the money or put it towards bills