Bmo savings account

BMO offers CD terms ranging from three to 60 months. But its rates vary drastically depending on your ZIP code.

Reach your financial goals faster with no monthly maintenance fee. Whether you bank via mobile footnote 3 3 , online or telephone, all your banking methods are convenient and secure. Our easy-to-use BMO Digital Banking tools footnote 3 3 help you manage your finances from anywhere life takes you. Enjoy peace of mind knowing your money is safe and secure with FDIC deposit insurance. But there are some less-common fees we want you to know about. Manage all your banking needs, whenever and wherever you like. Bank from anywhere with our simple online and mobile tools or find a no-fee footnote 7 7 ATM close to you.

Bmo savings account

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. While the interest rate is low compared to a high-yield savings account, you get access to local branches and over 40, fee-free ATMs across the United States, and you can make mobile check deposits. BMO is a great choice if you want a free savings or checking account. It also offers impressive checking account bonuses. But you'll want to look elsewhere to earn high interest rates. BMO Alto, the bank's high-yield savings option, allows you to earn 5. BMO Alto savings and CDs are available nationwide to those 18 and older, but bank branches aren't available — so you can't make deposits or withdrawals in person. There's no way to make mobile check deposits into your account, either. To access your savings, you'll have to link your BMO Alto savings account to an external checking account and transfer funds.

Only your first account opened is eligible for savings rewards. But you'll want to look elsewhere to earn high interest rates.

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.

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.

Bmo savings account

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. The main downside to the account is that it earns no interest. Check out our list of the best rewards checking accounts. See the best money market accounts.

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You can read our savings account methodology to learn more about how we rate savings accounts. Terms apply to offers listed on this page. It indicates a confirmation of your intended interaction. Previously, she wrote about personal credit for Bankrate and CreditCards. Fees or withdrawals will reduce earnings. A separate team is responsible for placing paid links and advertisements, creating a firewall between our affiliate partners and our editorial team. Email Twitter icon A stylized bird with an open mouth, tweeting. Trust that your money is safe with us. To access your savings, you'll have to link your BMO Alto savings account to an external checking account and transfer funds. Alani Asis. Please visit www. Resident Alien If neither applies to you, don't worry - you can still apply for an account by visiting a branch or calling us at Information to help you deposit money from your other bank, including one of the following: The other bank's login credentials Their routing and account numbers. Reach your financial goals faster with no monthly maintenance fee. Resources for your savings journey. You can also call the customer care center at during the following hours:.

Reach your financial goals faster with no monthly maintenance fee. Whether you bank via mobile footnote 3 3 , online or telephone, all your banking methods are convenient and secure.

Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available. How to start an emergency fund An emergency fund can help you get through tough financial times. This post may contain links to products from our partners, which may earn us a commission. To access your savings, you'll have to link your BMO Alto savings account to an external checking account and transfer funds. Visit us. Savings accounts Savings Builder Account. You are not eligible to receive savings rewards if you have previously opened a Statement Savings account between February 3, and October 18, and participated in the Statement Savings account — Savings Rewards offer. Facebook Email icon An envelope. Perks No fees or minimum balance requirements. Your account is eligible for 12 savings rewards beginning with the month your account is opened. Writers and editors and produce editorial content with the objective to provide accurate and unbiased information. Footnote 8 details 8 The monthly fee for paper statements is automatically waived if you opt to go paperless through your BMO Digital Banking preferences or if any individual associated with your account is 65 years or older. For accounts that have more than one tier, the interest rate corresponding to the highest tier into which the collected balance falls will be paid on the entire collected balance. Ready to get started?