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David Cohen 2 minutes ago
Any estimates based on past performance do not a guarantee future performance, and prior to making a...
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Editorial disclosure
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The information, including any rates, terms and fees associated with financial products, presented in the review is accurate as of the date of publication. BMO Harris
BMO Harris Review 2022
Libby Wells covers banking and deposit products. She has more than 30 years’ experience as a writer and editor for newspapers, magazines and online publications.
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James Smith 1 minutes ago
Updated November 10, 2022 Bankrate logo
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Updated November 10, 2022 Bankrate logo
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At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners.
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Bankrate has answers. Our experts have been helping you master your money for over four decades. We ...
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Emma Wilson 28 minutes ago
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Our scoring formula weighs several factors consumers should consider when choosing financial product...
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On This Page
At a glance
3.4 Bankrate Score CDs Checking Savings MMA About Bankrate Score Bankrate scores are objectively determined by our editorial team.
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Oliver Taylor 50 minutes ago
Our scoring formula weighs several factors consumers should consider when choosing financial product...
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Natalie Lopez 6 minutes ago
It's also a good fit for those who need retirement planning, business or commercial services, wealth...
Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Overview
BMO Harris is best for customers who want an institution with a full suite of personal banking products such as checking, savings and money market accounts, certificates of deposit, credit cards, mortgages and other loans.
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Aria Nguyen 23 minutes ago
It's also a good fit for those who need retirement planning, business or commercial services, wealth...
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Brandon Kumar 21 minutes ago
Our goal is to help you make smarter financial decisions by providing you with interactive tools and...
It's also a good fit for those who need retirement planning, business or commercial services, wealth management and investment services and advice. It also offers health savings accounts for individuals and employers.
Highlights
24/7 Customer Service Compare offers Advertiser Disclosure Advertiser Disclosure
We are an independent, advertising-supported comparison service.
Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us.
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Julia Zhang 5 minutes ago
This compensation may impact how and where products appear on this site, including, for example, the...
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Audrey Mueller 5 minutes ago
Member FDIC Savings Account 3.25 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are object...
This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
Member FDIC Savings Account 3.25 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min.
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Dylan Patel 69 minutes ago
balance for APY Offer details
BMO Harris Bank
Member FDIC Savings Account Details 3.25 % A...
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Henry Schmidt 1 minutes ago
Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team....
balance for APY Offer details
BMO Harris Bank
Member FDIC Savings Account Details 3.25 % APY Min balance for APY Open a BMO online savings account in minutes Member FDIC Savings Account 3.60 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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Sophia Chen 1 minutes ago
Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team....
Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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Daniel Kumar 19 minutes ago
Min. balance for APY Offer details
Bask Bank
Member FDIC Savings Account Details 3.60 % AP...
Min. balance for APY Offer details
Bask Bank
Member FDIC Savings Account Details 3.60 % APY Min balance for APY 0 Monthly Acct Fees. No Balance Cap to Earn APY.
Member FDIC Savings Account 3.52 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team.
Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min.
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Brandon Kumar 3 minutes ago
balance for APY Offer details
Vio Bank
Member FDIC Savings Account Details 3.52 % APY Min ...
balance for APY Offer details
Vio Bank
Member FDIC Savings Account Details 3.52 % APY Min balance for APY Save Smart. Earn More. FDIC Insured.
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Joseph Kim 34 minutes ago
Bankrate 5-Star Rated.
Overall
In addition to the U.S., BMO Harris has a presence in many...
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Kevin Wang 116 minutes ago
Pros
BMO Harris has a full suite of personal banking products and services. It has more tha...
Bankrate 5-Star Rated.
Overall
In addition to the U.S., BMO Harris has a presence in many countries around the globe. Its products and services are geared toward a broad range of customers, from modest income earners to the wealthy.
Pros
BMO Harris has a full suite of personal banking products and services. It has more than 40,000 fee-free ATMs nationwide. It is a long history and is FDIC-insured.
It has a global presence.
Cons
Its deposit products are unremarkable.
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Sophia Chen 60 minutes ago
BMO Harris has brick-and-mortar locations in only eight states.
BMO Harris bank products
Sa...
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Isabella Johnson 49 minutes ago
There are no transaction limits and the account can be opened online or in a branch. But the APY is ...
BMO Harris has brick-and-mortar locations in only eight states.
BMO Harris bank products
Savings CD Money Market Checking 3.3 Bankrate Score BMO Harris savings overview
BMO Harris Savings Builder account has no monthly maintenance fee and the minimum opening deposit is just $25. The bank gives a $5 reward for every month in the first year of opening the account that you save $200 or more.
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David Cohen 89 minutes ago
There are no transaction limits and the account can be opened online or in a branch. But the APY is ...
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James Smith 33 minutes ago
The account can be opened online or in a branch. Savers get a $5 reward in any month they add at lea...
There are no transaction limits and the account can be opened online or in a branch. But the APY is very low and it's easy to find much higher yields at online banks.
Pros
The Savings Builder account has no monthly maintenance fee. The minimum opening deposit is a modest $25.
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William Brown 33 minutes ago
The account can be opened online or in a branch. Savers get a $5 reward in any month they add at lea...
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Madison Singh 25 minutes ago
Cons
The APY on the Savings Builder account is very low. Current Savings Rate Advertiser Di...
The account can be opened online or in a branch. Savers get a $5 reward in any month they add at least $200 to the account during the first year it's opened.
Cons
The APY on the Savings Builder account is very low. Current Savings Rate Advertiser Disclosure Advertiser Disclosure
We are an independent, advertising-supported comparison service.
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Joseph Kim 143 minutes ago
Our goal is to help you make smarter financial decisions by providing you with interactive tools and...
Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us.
This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site.
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William Brown 47 minutes ago
We do not include the universe of companies or financial offers that may be available to you. Member...
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Chloe Santos 79 minutes ago
Our scoring formula weighs several factors consumers should consider when choosing financial product...
We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.25 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team.
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Nathan Chen 67 minutes ago
Our scoring formula weighs several factors consumers should consider when choosing financial product...
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Isabella Johnson 174 minutes ago
APYs are not competitive compared with many online banks. Some CDs can be opened in a branch or by p...
Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min balance for APY Offer details Offer details
BMO Harris Bank
Member FDIC Savings Account Details 3.25 % APY Min balance for APY Open a BMO online savings account in minutes 2.8 Bankrate Score BMO Harris CD overview
BMO Harris offers 15 CD terms ranging from three months to five years, with minimum opening deposits ranging from $1,000 to $5,000.
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Sofia Garcia 37 minutes ago
APYs are not competitive compared with many online banks. Some CDs can be opened in a branch or by p...
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Lucas Martinez 13 minutes ago
APYs vary by disclosed ZIP code.
Pros
The bank offers a broad range of CD terms. Th...
APYs are not competitive compared with many online banks. Some CDs can be opened in a branch or by phone; others must be opened online. BMO Harris offers CD Specials, Add-on CDs, Bump-Rate CDs and Step-Rate CDs.
APYs vary by disclosed ZIP code.
Pros
The bank offers a broad range of CD terms. The bank offers CD Specials, as well as Add-on CDs, Bump-Rate CDs and Step-Rate CDs.
CDs can be opened online, at a branch or by phone.
Cons
APYs are not competitive.
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William Brown 1 minutes ago
Some CDs require a minimum opening deposit of $5,000. Current CD Rate Advertiser Disclosure
Adv...
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Sebastian Silva 57 minutes ago
How We Make Money
The offers that appear on this site are from companies that compensate us...
Some CDs require a minimum opening deposit of $5,000. Current CD Rate Advertiser Disclosure
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
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1 replies
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Amelia Singh 55 minutes ago
How We Make Money
The offers that appear on this site are from companies that compensate us...
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site.
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1 replies
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Chloe Santos 24 minutes ago
We do not include the universe of companies or financial offers that may be available to you. Member...
We do not include the universe of companies or financial offers that may be available to you. Member FDIC CD 4.50 % APY Info Bankrate CD rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Min. deposit Term Offer details Offer details
BMO Harris Bank
Member FDIC CD Details 4.50 % APY Min.
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Sebastian Silva 70 minutes ago
deposit Term Grow your money with a high-rate secured CD 1.5 Bankrate Score
BMO Harris money mar...
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Sofia Garcia 96 minutes ago
The APY is not competitive, but you can earn higher rates with a relationship account package. APYs ...
deposit Term Grow your money with a high-rate secured CD 1.5 Bankrate Score
BMO Harris money market overview
You need only $25 to open the Premier Money Market account at BMO Harris. There is a $10 monthly maintenance fee unless you maintain a monthly minimum balance of $10,000.
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Ava White 67 minutes ago
The APY is not competitive, but you can earn higher rates with a relationship account package. APYs ...
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Sophia Chen 136 minutes ago
There is a $10 monthly service charge unless you maintain a monthly minimum balance of $10,000. 4.6 ...
The APY is not competitive, but you can earn higher rates with a relationship account package. APYs vary by ZIP code.
Pros
The opening deposit requirement is a modest $25. Cons
The APY is not competitive.
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3 replies
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Scarlett Brown 12 minutes ago
There is a $10 monthly service charge unless you maintain a monthly minimum balance of $10,000. 4.6 ...
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Sophia Chen 4 minutes ago
You will need at least $25 to open the account, but after that, there is no minimum balance requirem...
There is a $10 monthly service charge unless you maintain a monthly minimum balance of $10,000. 4.6 Bankrate Score
BMO Harris checking overview
BMO Harris offers several checking accounts, but for this review Bankrate looked at the Smart Advantage checking. The account is not interest bearing, but there is no monthly maintenance fee.
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Joseph Kim 76 minutes ago
You will need at least $25 to open the account, but after that, there is no minimum balance requirem...
You will need at least $25 to open the account, but after that, there is no minimum balance requirement. However, accounts with a $0 balance may be closed.
The account can be opened online, by phone or at a branch. Smart Advantage comes with a MasterCard debit card, including a choice of branded cards for fans of Chicago sports teams.
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Victoria Lopez 18 minutes ago
You can use the debit card to access your money through BMO Harris' big ATM network or go card-free ...
You can use the debit card to access your money through BMO Harris' big ATM network or go card-free using Mobile Cash, a QR-code based smartphone technology in the bank’s mobile app that works at ATMs. Paper statements will cost you $2 a month, out-of-network ATM usage carries a $3 fee and overdrafts and nonsufficient funds are $36, which exceeds the national average of $33.58.
Pros
Smart Advantage has no monthly maintenance fee.
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Dylan Patel 15 minutes ago
The minimum opening deposit is a modest $25. There is no minimum monthly balance requirement....
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Kevin Wang 85 minutes ago
The account comes with a debit card.
Cons
The $36 fee for overdrafts/NSFs exceeds the natio...
The minimum opening deposit is a modest $25. There is no minimum monthly balance requirement.
The account comes with a debit card.
Cons
The $36 fee for overdrafts/NSFs exceeds the national average.
Compare Offer Advertiser Disclosure
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
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1 replies
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Victoria Lopez 116 minutes ago
How We Make Money
The offers that appear on this site are from companies that compensate us...
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site.
comment
3 replies
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Lily Watson 273 minutes ago
We do not include the universe of companies or financial offers that may be available to you. Member...
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Chloe Santos 37 minutes ago
To open To avoid fees Offer details Offer details
SoFi
Member FDIC Checking Account Detail...
We do not include the universe of companies or financial offers that may be available to you. Member FDIC Checking Account 2.50 % APY Info Bankrate Checking rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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Natalie Lopez 138 minutes ago
To open To avoid fees Offer details Offer details
SoFi
Member FDIC Checking Account Detail...
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Scarlett Brown 95 minutes ago
As a customer, you can contact someone at the bank’s call center 24/7 or get support via online ch...
To open To avoid fees Offer details Offer details
SoFi
Member FDIC Checking Account Details 2.50 % APY To open To avoid fees Bank experience
BMO Harris has a limited brick-and-mortar presence, but it offers mobile and online banking with all the digital tools needed to monitor and manage accounts. The bank's Total Look tool lets you manage all your accounts, even non-BMO Harris accounts, in one place, create a budget and track your spending. BMO Harris also allows peer-to-peer payments with Zelle.
As a customer, you can contact someone at the bank’s call center 24/7 or get support via online chat.
About BMO Harris
BMO Harris is the eighth-largest bank in North America by assets.
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3 replies
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Sophie Martin 38 minutes ago
It is headquartered in Chicago. The Bank of Montreal is BMO Harris’ parent company and BMO Financi...
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David Cohen 24 minutes ago
holding company. BMO Harris' roots date to the mid-1800s. Insured by the Federal Deposit Insurance C...
It is headquartered in Chicago. The Bank of Montreal is BMO Harris’ parent company and BMO Financial Corp. is its U.S.
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2 replies
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Audrey Mueller 117 minutes ago
holding company. BMO Harris' roots date to the mid-1800s. Insured by the Federal Deposit Insurance C...
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Elijah Patel 73 minutes ago
Review methodology
With so many financial institutions to choose from, it can be hard to ...
holding company. BMO Harris' roots date to the mid-1800s. Insured by the Federal Deposit Insurance Corp., it has more than 500 branches in Illinois, Indiana, Arizona, Missouri, Minnesota, Kansas, Florida and Wisconsin.
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Scarlett Brown 278 minutes ago
Review methodology
With so many financial institutions to choose from, it can be hard to ...
Review methodology
With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs).
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Amelia Singh 50 minutes ago
Banks are rated by important factors such as offered interest rates, fees, minimum balance requireme...
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Kevin Wang 7 minutes ago
BMO Harris Review 2022 Bankrate Caret RightMain Menu Mortgage Mortgages Financing a home purchase R...
Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .
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Liam Wilson 116 minutes ago
BMO Harris Review 2022 Bankrate Caret RightMain Menu Mortgage Mortgages Financing a home purchase R...
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Brandon Kumar 161 minutes ago
Any estimates based on past performance do not a guarantee future performance, and prior to making a...