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BMO Premium Rate Savings Account Info & Reviews

Financial Products > Savings Accounts > BMO Premium Rate Savings Account
Detailed information, reviews and ratings for the BMO Premium Rate Savings Account.
Useful when comparison shopping for a new canadian savings account.

Information about the BMO Premium Rate Savings Account

Product NameBMO Premium Rate Savings Account
Available InCanada (All Provinces)
Offered ByBank of Montreal
Product PageBMO Premium Rate Savings Account
Interest RateBalances 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


Chart of historical values for the BMO Premium Savings Account First Tier Rate
  • 1 Year
  • 3 Years
  • 5 Years
  • 10 Years
  • All Data
Minimum Balance$0
Withdrawal Fee$5.00 (1 free/month)
Other FeesCan 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
Dormant account:
2 years: $20.00
5 years: $30.00
10 years: $40.00
Fund TransfersABM Cash Withdrawal
Branch Cash Withdrawal
Online and Telephone Banking Transfers
Deposit InsuranceCDIC
Additional NotesInterest is tiered.
Please Note: This database is intended to help you explore your options when looking for a financial product. Product features and information can change faster than we can update our database and we cannot guarantee the accuracy of the information in the above table.
Always visit the financial institutions product page and carefully review the information there before making a final decision.

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