Interest Rate
4.50%
Monthly Fee
CA$0
Welcome Bonus
$800
Apply Now →on BMO's website
Transaction limit:Unlimited transfers between BMO accounts
Minimum Deposit:CA$0
Annual Percentage Yield (APY):
4.50%
Welcome Bonus: $800
Get a promotional interest rate of up to 4.50% for the first 120 days on new deposits.
Monthly Fee:
CA$0
Minimum Deposit:
CA$0
Transaction Limits:
Unlimited transfers between BMO accounts
This account is particularly attractive due to its promotional interest rate of up to 4.50% for new deposits, making it a strong contender for those looking to grow their savings. The absence of monthly fees further enhances its appeal.
Pros:
- High promotional interest rate
- No monthly fees
Cons:
- Fees for withdrawals and bill payments
- Limited to BMO accounts for free transfers
Overall, the BMO Savings Amplifier Account is ideal for savers seeking a high interest rate without monthly fees, especially those who can take advantage of the generous welcome bonus. It's a compelling choice for anyone looking to maximize their savings potential.