Detailed information, reviews and ratings for the BMO Smart Saver Account.
Useful when comparison shopping for a new canadian savings account.
Information about the BMO Smart Saver Account
| Product Name | BMO Smart Saver Account | | Available In | Canada (All Provinces) | | Offered By | Bank of Montreal | | Product Page | BMO Smart Saver Account | | Interest Rate | 0 - $4 999.99: 0.7 %  Interest Rate Increased from 0.5 % to 0.7 % on September 16, 2022
$5 000.00 and Up: 0.7 % Interest Rate Increased from 0.5 % to 0.7 % on September 16, 2022
 - 1 Year
- 3 Years
- 5 Years
- 10 Years
- All Data
| | Minimum Balance | $5000 | | Withdrawal Fee | $5.00 (1 free/month) | | Other Fees | 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 | This account has tiered interest rates.
When the total account balance is $5000 or higher, the interest rate for that tier applies to the entier bank account balance (not only to amounts over $5000). |
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Customer Ratings for the BMO Smart Saver Account| Overall: |  | | Customer Service: | | | Cost/Rates/Value: | | | Convenience: | | | Features: | |
Reviews and Comments for the BMO Smart Saver Account
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| Reviews & Comments about the BMO Smart Saver Account |
| Loyal BMO Customer for 35 Years on March 3, 2015 | Overall Rating: | The interest rate reduction to .08% - and without any advance warning - is the final nail in BMO's coffin. This bank does not deserve my loyalty or business. We are gone.
Cost/Rates/Value: | | KEN FORD 8032 391 on October 12, 2014 | Overall Rating: | Moved my BMO Investments on line to my Smart Savings 2 days ago - yet nothing has appeared. No customer service, no help from mgmt.?
Customer Service: | | Jim on November 26, 2013 | Overall Rating: | Terrible special savings rate at BMO. Almost doubled my interest rate when I switched over to another financial institution. BMO is also brutal on GIC rates.
Customer Service:  Cost/Rates/Value: Convenience: | | Brian on July 20, 2013 | Overall Rating: | Not competitive at all - closed my account and placed the funds elsewhere.
Cost/Rates/Value: Features: | | Bobby on April 3, 2013 | Overall Rating: | It sucked ***
Customer Service: Cost/Rates/Value: Convenience: Features: | | Johnny on April 3, 2013 | Overall Rating: | It's terrible!
Customer Service: Cost/Rates/Value: Convenience: Features: |
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