| 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
|
| Minimum Balance | $0 |
| 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
Dormant account:
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 |
| Deposit Insurance | CDIC |
| Additional Notes | Interest is tiered. |
