Account Features
The BMO Savings Builder account earns an interest rate of 0.30% on all deposits, regardless of the total balance.
Account holders who increase their monthly balance by at least $200 each month will receive a promotional interest rate of 1.55%. Account balances of up to $250,000 are eligible for the promotional interest rate.
Interest is calculated daily and paid monthly on the last business day of the month, directly to the BMO Savings Builder account.
Fees
Monthly Fees
The BMO Savings Builder account has no monthly fees.
Account holders are allowed one free transfer out of the account monthly, while there is a $5 fee for any additional transfer out or withdrawal.