Bmo savings account

Reach your financial goals faster with no monthly maintenance fee.

Watch your savings grow with an account that offers competitive rates and terms that best fit your goals and lifestyle. Make real financial progress knowing that your money is insured by the FDIC footnote 1 1. Easily manage your money online with a variety of resources at your fingertips. Get our best rate with access footnote 2 2 to your money! You may get higher interest rates when you also have a BMO Relationship Checking account footnote 4 4. Get easy access footnote 2 2 to your money with competitive rates.

Bmo savings account

BMO offers CD terms ranging from three to 60 months. But its rates vary drastically depending on your ZIP code. David McMillin writes about credit cards, mortgages, banking, taxes and travel. Based in Chicago, he writes with one objective in mind: Help readers figure out how to save more and stress less. He is also a musician, which means he has spent a lot of time worrying about money. He applies the lessons he's learned from that financial balancing act to offer practical advice for personal spending decisions. Previously, she wrote about personal credit for Bankrate and CreditCards. She is passionate about providing accessible content to enhance financial literacy. She graduated from the University of Texas at Austin with a bachelor's degree in journalism, and has worked in the newsrooms of KUT and the Austin Chronicle. When not working, she is probably paddle boarding, hopping on a flight or reading for her book club. She has over 10 years of experience in personal finance and previously wrote for CBS MoneyWatch covering banking, investing, insurance and home equity products. She is passionate about arming consumers with the tools they need to take control of their financial lives. CNET staff -- not advertisers, partners or business interests -- determine how we review the products and services we cover. If you buy through our links, we may get paid. BMO, formerly BMO Harris, is a traditional big bank that offers checking , savings and money market accounts and a wide range of terms for certificates of deposit.

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Our experts answer readers' banking questions and write unbiased product reviews here's how we assess banking products. In some cases, we receive a commission from our partners ; however, our opinions are our own. Terms apply to offers listed on this page. It has a traditional account with rates similar to what other brick-and-mortar banks offer, and an online-only high-yield savings account that is offered through BMO Alto. While both offer perks like low account minimums and no monthly fees, they differ in terms of interest rates and availability.

Our experts answer readers' banking questions and write unbiased product reviews here's how we assess banking products. In some cases, we receive a commission from our partners ; however, our opinions are our own. Terms apply to offers listed on this page. It offers two types of accounts: a high-yield savings account and CDs. This makes it one of the best high-yield savings accounts out there, especially from a large, popular bank.

Bmo savings account

In this guide. Getting started. There are four BMO savings accounts to help you save in a way that meets your personal needs. Below is our BMO savings account guide, including the features and benefits of each. Keep reading to find out more information to help you decide on the best savings account for your needs. For those with long-term savings goals, the Savings Amplifier Account is a good option. But BMO savings account fees do apply. This account also features BMO Savings Goals, a new mobile banking feature that helps you save for a big purchase, vacation or anything else you might need.

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Interest and savings reward payments will not count towards your balance growth. She has over 10 years of experience in personal finance and previously wrote for CBS MoneyWatch covering banking, investing, insurance and home equity products. CNET staff -- not advertisers, partners or business interests -- determine how we review the products and services we cover. Park your savings at a higher rate! BMO is a great choice if you want a free savings or checking account. Writers and editors and produce editorial content with the objective to provide accurate and unbiased information. All you need is: Your phone number, email address and U. We rate savings accounts using six benchmarks: customer support, mobile app, ethics, interest rate, minimum deposit, and monthly fees. Set and track a financial goal with our Saving Goal tool. Liliana Hall. Here's how to stop spending and start saving.

The bank has good checking options coupled with a large ATM network but still charges overdraft fees — even when other banks have eliminated them. Best for: Customers who want a Midwest-based bank that offers basic checking with no monthly fees and access to plenty of free ATMs.

Evelyn He. To access your savings, you'll have to link your BMO Alto savings account to an external checking account and transfer funds. Need support? All you need is: Your phone number, email address and U. Read our editorial standards. Make real financial progress knowing that your money is insured by the FDIC footnote 1 1. Enjoy the flexibility to bank from anywhere. BMO Bank N. Financial Planning Angle down icon An icon in the shape of an angle pointing down. Our mission is to help you make informed financial decisions, and we hold ourselves to strict editorial guidelines. The first savings reward is based on your savings growth from the Business Day the account is opened through the last Business Day of that month. This post may contain links to products from our partners, which may earn us a commission.