|Product Name||BMO Premium Rate Savings Account|
|Available In||Canada (All Provinces)|
|Offered By||Bank of Montreal|
|Product Page||BMO Premium Rate Savings Account|
|Interest Rate||Balances up to $59 999.99: 0.01 % Interest Rate Decreased from 0.05 % to 0.01 % on April 4, 2020|
Balances $60 000.00 and Up: 0.01 % Interest Rate Decreased from 0.05 % to 0.01 % on April 4, 2020
- 1 Year
- 3 Years
- 5 Years
- 10 Years
- All Data
|Withdrawal Fee||$5.00 (1 free/month)|
|Other Fees||Can get free transactions if a minimum balances is maintained in a seperate primary chequing account at Bank of Montreal and a corresponding banking package is selected (see product page for more information):
10 free transactions if $1000.00 is maintained.
30 free transactions if $2000.00 is maintained.
Unlimited free transactions if $3000.00 is maintained.
If not part of a banking plan package, the following fees apply.
Cash Withdrawal: $5.00 per withdrawal
Funds Transfer: $5.00 per transfer (1 free per month)
Account closed (within 90 days of opening): $20.00
2 years: $20.00
5 years: $30.00
10 years: $40.00
|Fund Transfers||ABM Cash Withdrawal
Branch Cash Withdrawal
Online and Telephone Banking Transfers
|Additional Notes||Interest is tiered.|