BMO Harris Review 2022 Bankrate
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Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
The account can be opened online, by phone or at a branch. Smart Advantage comes with a MasterCard debit card, including a choice of branded cards for fans of Chicago sports teams. You can use the debit card to access your money through BMO Harris' big ATM network or go card-free using Mobile Cash, a QR-code based smartphone technology in the bank’s mobile app that works at ATMs. Paper statements will cost you $2 a month, out-of-network ATM usage carries a $3 fee and overdrafts and nonsufficient funds are $36, which exceeds the national average of $33.58.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
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The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.Editorial disclosure
All reviews are prepared by our staff. Opinions expressed are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including any rates, terms and fees associated with financial products, presented in the review is accurate as of the date of publication. BMO HarrisBMO Harris Review 2022
Libby Wells covers banking and deposit products. She has more than 30 years’ experience as a writer and editor for newspapers, magazines and online publications. Updated November 10, 2022 Bankrate logoThe Bankrate promise
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At a glance
3.4 Bankrate Score CDs Checking Savings MMA About Bankrate Score Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.Overview
BMO Harris is best for customers who want an institution with a full suite of personal banking products such as checking, savings and money market accounts, certificates of deposit, credit cards, mortgages and other loans. It's also a good fit for those who need retirement planning, business or commercial services, wealth management and investment services and advice. It also offers health savings accounts for individuals and employers.Highlights
24/7 Customer Service Compare offers Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.25 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsBMO Harris Bank
Member FDIC Savings Account Details 3.25 % APY Min balance for APY Open a BMO online savings account in minutes Member FDIC Savings Account 3.60 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsBask Bank
Member FDIC Savings Account Details 3.60 % APY Min balance for APY 0 Monthly Acct Fees. No Balance Cap to Earn APY. Member FDIC Savings Account 3.52 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsVio Bank
Member FDIC Savings Account Details 3.52 % APY Min balance for APY Save Smart. Earn More. FDIC Insured. Bankrate 5-Star Rated.Overall
In addition to the U.S., BMO Harris has a presence in many countries around the globe. Its products and services are geared toward a broad range of customers, from modest income earners to the wealthy.Pros
BMO Harris has a full suite of personal banking products and services. It has more than 40,000 fee-free ATMs nationwide. It is a long history and is FDIC-insured. It has a global presence.Cons
Its deposit products are unremarkable. BMO Harris has brick-and-mortar locations in only eight states.BMO Harris bank products
Savings CD Money Market Checking 3.3 Bankrate ScoreBMO Harris savings overview
BMO Harris Savings Builder account has no monthly maintenance fee and the minimum opening deposit is just $25. The bank gives a $5 reward for every month in the first year of opening the account that you save $200 or more. There are no transaction limits and the account can be opened online or in a branch. But the APY is very low and it's easy to find much higher yields at online banks.Pros
The Savings Builder account has no monthly maintenance fee. The minimum opening deposit is a modest $25. The account can be opened online or in a branch. Savers get a $5 reward in any month they add at least $200 to the account during the first year it's opened.Cons
The APY on the Savings Builder account is very low. Current Savings Rate Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.25 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min balance for APY Offer details Offer detailsBMO Harris Bank
Member FDIC Savings Account Details 3.25 % APY Min balance for APY Open a BMO online savings account in minutes 2.8 Bankrate ScoreBMO Harris CD overview
BMO Harris offers 15 CD terms ranging from three months to five years, with minimum opening deposits ranging from $1,000 to $5,000. APYs are not competitive compared with many online banks. Some CDs can be opened in a branch or by phone; others must be opened online. BMO Harris offers CD Specials, Add-on CDs, Bump-Rate CDs and Step-Rate CDs. APYs vary by disclosed ZIP code.Pros
The bank offers a broad range of CD terms. The bank offers CD Specials, as well as Add-on CDs, Bump-Rate CDs and Step-Rate CDs. CDs can be opened online, at a branch or by phone.Cons
APYs are not competitive. Some CDs require a minimum opening deposit of $5,000. Current CD Rate Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC CD 4.50 % APY Info Bankrate CD rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. deposit Term Offer details Offer detailsBMO Harris Bank
Member FDIC CD Details 4.50 % APY Min. deposit Term Grow your money with a high-rate secured CD 1.5 Bankrate ScoreBMO Harris money market overview
You need only $25 to open the Premier Money Market account at BMO Harris. There is a $10 monthly maintenance fee unless you maintain a monthly minimum balance of $10,000. The APY is not competitive, but you can earn higher rates with a relationship account package. APYs vary by ZIP code.Pros
The opening deposit requirement is a modest $25.Cons
The APY is not competitive. There is a $10 monthly service charge unless you maintain a monthly minimum balance of $10,000. 4.6 Bankrate ScoreBMO Harris checking overview
BMO Harris offers several checking accounts, but for this review Bankrate looked at the Smart Advantage checking. The account is not interest bearing, but there is no monthly maintenance fee. You will need at least $25 to open the account, but after that, there is no minimum balance requirement. However, accounts with a $0 balance may be closed.The account can be opened online, by phone or at a branch. Smart Advantage comes with a MasterCard debit card, including a choice of branded cards for fans of Chicago sports teams. You can use the debit card to access your money through BMO Harris' big ATM network or go card-free using Mobile Cash, a QR-code based smartphone technology in the bank’s mobile app that works at ATMs. Paper statements will cost you $2 a month, out-of-network ATM usage carries a $3 fee and overdrafts and nonsufficient funds are $36, which exceeds the national average of $33.58.
Pros
Smart Advantage has no monthly maintenance fee. The minimum opening deposit is a modest $25. There is no minimum monthly balance requirement. The account comes with a debit card.Cons
The $36 fee for overdrafts/NSFs exceeds the national average. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Checking Account 2.50 % APY Info Bankrate Checking rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. To open To avoid fees Offer details Offer detailsSoFi
Member FDIC Checking Account Details 2.50 % APY To open To avoid feesBank experience
BMO Harris has a limited brick-and-mortar presence, but it offers mobile and online banking with all the digital tools needed to monitor and manage accounts. The bank's Total Look tool lets you manage all your accounts, even non-BMO Harris accounts, in one place, create a budget and track your spending. BMO Harris also allows peer-to-peer payments with Zelle. As a customer, you can contact someone at the bank’s call center 24/7 or get support via online chat.About BMO Harris
BMO Harris is the eighth-largest bank in North America by assets. It is headquartered in Chicago. The Bank of Montreal is BMO Harris’ parent company and BMO Financial Corp. is its U.S. holding company. BMO Harris' roots date to the mid-1800s. Insured by the Federal Deposit Insurance Corp., it has more than 500 branches in Illinois, Indiana, Arizona, Missouri, Minnesota, Kansas, Florida and Wisconsin.Review methodology
With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .