With various branch locations and ATMs all over the country, the Bank of Montreal (BMO) is considered one of the largest five banking institutions in Canada. The BMO also offers you wealth management and personal financial services. Along with mobile banking, internet banking, and telephone banking services that are accessible round the clock.
BMO Bank of Montreal Savings Builder Account:
Recently initiated, this savings account option offers you relatively attractive interest rates. You need not maintain a minimum balance in this account, but you can earn added bonus interest if you add $200 each month. Balances of $250,000 and lower can also earn added interest. You can avail of one no-cost transfer each month.
BMO Bank of Montreal TFSA Savings Account:
This account option is available only to residents of Canada who are at 18 years of age and above. Not only are the interest rates not all that attractive but you’ll also need to maintain a $50 minimum balance.
BMO Bank of Montreal Smart Saver Account:
You can earn attractive taxable interest rates on this account if you intend to make long-term savings. The first transfer you make from this account is free but, all subsequent transfers per month will incur high charges on the transactions. Minimum balance maintenance not needed.
BMO Bank of Montreal Premium Rate Savings Account:
This account allows you to deposit both US and Canadian dollars and offers you different plans with a varying number of free transactions on each. It is ideal for customers who intend to save on a short-term basis.