Interest Rate
4.50%
Monthly Fee
CA$0
Welcome Bonus
N/A
Apply Now →on BMO's website
Transaction limit:Unlimited self-serve transfers
Minimum Deposit:CA$0
Interest Rate:
4.50%
Welcome Bonus: N/A
Monthly Fee:
CA$0
Minimum Deposit:
CA$0
Transaction Limits:
Unlimited self-serve transfers
The standout feature here is the promotional interest rate of 4.50% for the first 120 days, which is highly competitive. Coupled with no monthly fees and unlimited transfers, this account is ideal for those looking to maximize their savings in the short term.
Pros:
- High promotional rate
- No monthly fees
Cons:
- Promotional rate limited to 120 days
In conclusion, the BMO Savings Amplifier Account is well-suited for individuals seeking to take advantage of a competitive 4.50% promotional interest rate and those who prefer a no-fee structure, making it an excellent choice for short-term savers aiming to grow their funds without incurring monthly costs.