Benchmark Money

BMO Savings Amplifier Account

BMOSavings

BMO · Savings

No monthly fee, 5% on a promotional rate.

Monthly feeNone
Transactions includedNot published
Interest rate0.45%5% promotional
Minimum to open$0
View at BMOCompare on your own banking

Fees and rates verified 2026-08-19We earn nothing from any institution hereHow we research

What it costs

Monthly fee
None
Each transaction over the limit
$5.00

Interest

Posted rate
0.45%
Promotional rate
5%
Promotional rate ends
2026-08-31
What the rate depends on
BMO's promotional terms document states a promotional interest rate component of 4.550% which, combined with the 0.450% posted interest rate, produces a total 5.000% rate as of the offer date. Promotional period is stated as 04/AUG/2026, 31/AUG/2026. Unlimited no-fee self-serve transfers to other BMO accounts (digital/ATM $0); cash withdrawals $5; branch or Virtual Connect transfers $5; pre-authorized debits $5.

Who can open it

Minimum to open
$0
Can be registered (TFSA, RRSP)
No
US dollar account
No

Deposit protection

Insured by
Not published by the institution

Where these figures come from

Figures checked on
August 19, 2026
Institution's effective date
2026-08-04
Source page
www.bmo.com

Notes

This is the only big-six savings record where the posted base rate and the promotional premium are separately published, so both are captured. Fee and minimum-deposit details from https://www.bmo.com/main/personal/bank-accounts/savings/ and https://www.bmo.com/en-ca/main/personal/bank-accounts/savings-accounts/savings-amplifier/, where a 120-day promotional period is also referenced in the FAQ, that conflicts in duration with the 04-31 AUG 2026 window in the terms PDF, which is the document recorded here. BMO's own interest-rates page renders rates client-side and returned no values.

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Where this came from. Every figure on this page is taken from the institution’s own page or its published fee schedule, never from another comparison site, and a field is left blank rather than guessed at. Rates and fees change without notice, so confirm with the institution before opening anything. We receive no payment from any institution listed here.