BMO bank accounts and rates

We track 15 BMO accounts, 9 personal and 6 business. 5 of them carry no monthly fee and the dearest is $75.00 a month. Every figure here comes from the institution’s own published pages, and where something is not published we leave it blank rather than record a zero. Last checked 19 August 2026.

The highest starting rate posted here is 0.45%, on the BMO Savings Amplifier Account. That account pays by balance band rather than one rate, and the bands are on its page. Posted rates only: a promotional rate that ends in ninety days is not what an institution pays, so it is recorded on the account and not counted here.

Deposits are covered by CDIC insured, taken from what the institution publishes rather than from what the scheme covers in general. What deposit insurance actually covers sets out the difference and why an unlimited provincial guarantee is not the same promise as the federal one.

Every Account, With What It Costs

• BMO Premium Rate Savings Account

  No monthly fee · 0.01% interest

  Transaction limits are shared with the linked chequing account under the customer's Bank Plan; per item fees apply when the plan's transaction count is exceeded.

• BMO Savings Amplifier Account

  No monthly fee · 5% promotional rate

  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

• BMO Savings Builder Account

  No monthly fee · 1 transaction a month

  Pays a bonus interest rate when the account balance is grown by at least $200 in a month. One debit transaction per month at no cost; each withdrawal or additional transfer out costs $5.

• BMO U.S. Dollar Premium Rate Savings Account

  No monthly fee · 0.05% interest

  Transaction limits are shared with the linked chequing account under the customer's Bank Plan; per item fees apply when exceeded.

• BMO Practical Chequing Account (Practical Plan)

  $4.00 a month · 12 transactions a monthCDIC insured

  No minimum balance waiver for this plan. $0.00/month for seniors 60 and older.

• BMO Plus Chequing Account (Plus Plan)

  $12.95 a month · 25 transactions a monthCDIC insured

  $0 with a $3,000 minimum daily balance in the lead Primary Chequing Account; $8.95/month for seniors 60 and older

• BMO Blue Rewards Chequing Account (Blue Rewards Plan)

  $17.95 a month · Unlimited transactionsCDIC insured

  No minimum balance waiver; the fee is always charged. $13.95/month for seniors 60 and older. Holding $4,000 or more earns bonus Blue Points rather than a fee waiver.

• BMO Performance Chequing Account (Performance Plan)

  $17.95 a month · Unlimited transactionsCDIC insured

  $0 with a $4,000 minimum daily balance in the lead Primary Chequing Account; $13.95/month for seniors 60+; $0.00 for students (with proof of registration), teens 13 18 and kids 12 and under

• BMO Premium Chequing Account (Premium Plan)

  $30.95 a month · Unlimited transactionsCDIC insured

  $0 with a $6,000 minimum daily balance in the lead Primary Chequing Account; $26.95/month for seniors 60+; $13.00/month for students, teens 13 18 and kids 12 and under

• BMO Business Premium Rate Savings AccountBusiness

  No monthly feeCDIC insured

• BMO Essential Business Account (eBusiness Plan)Business

  $5.00 a month · Unlimited transactionsCDIC insured

• BMO Business Current AccountBusiness

  $6.00 a month · No transactions includedCDIC insured

• BMO Everyday Business AccountBusiness

  $25.00 a month · 35 transactions a monthCDIC insured

• BMO Enhanced Business AccountBusiness

  $50.00 a month · 70 transactions a monthCDIC insured

• BMO Elite Business AccountBusiness

  $75.00 a month · Unlimited transactionsCDIC insured

Comparing across institutions? Compare every account on what it would cost you, work out what a chequing account really costs, or browse the full directory.