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Email this8:20 am
July 28, 2016
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I got this new promo this morning
For new money into Smart saving account.
New money calculate from all the savings account.
Got it logging in and also by email.
9:12 am
December 22, 2022
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You also would need to open a chequing account and maintain a $4000 balance to avoid paying a $17.95 monthly fee.
10:17 am
July 28, 2016
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The Rock said
You also would need to open a chequing account and maintain a $4000 balance to avoid paying a $17.95 monthly fee.
Agreed. It's more interesting for someone who is already a client and is using BMO as their main banker.
10:19 am
April 21, 2022
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What I find interesting about this offer is the interest rate. It tells us banks are looking for short term deposits and are willing to still offer good rates considering all the BoC cuts.
2:20 pm
May 28, 2013
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The Rock said
You also would need to open a chequing account and maintain a $4000 balance to avoid paying a $17.95 monthly fee.
I got this offer also. Where in the T&C does it say one must also open a chequing account? I do not see it.
I am already a BMO customer and have both savings and chequing. I do use the chequing account as the link for external transfers, so it is useful in that sense.
I will bring in funds to enjoy this rate.
6:24 pm
December 27, 2020
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I looked over this BMO offering and I must say it looks very tempting. Anyone else see any hitches? (there's always a hitch 🙂
I've been peeved at TD since they upped their minimum savings account to $5000 to avoid fees.
8:11 pm
August 16, 2022
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Is this a targeted offer? I guess so, because I don't see it anywhere, but I've missed things before. Cheers
7:38 am
July 28, 2016
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Moneyman2 said
Is this a targeted offer? I guess so, because I don't see it anywhere, but I've missed things before. Cheers
I believe it is. It is for the smart saver account.
Some of the fine prints:
*Terms and conditions
From January 15, 2025 until May 15, 2025 (the "Promotional Period") earn a promotional interest rate of 4.70% (the "Promotional Interest Rate") on New Money (defined below) up to $1,000,000 deposited into your BMO Smart Saver Account (the "Qualifying Smart Saver Account"). Balances $1,000,000 or more will earn the Bank’s posted interest rate.
Eligibility:
This Promotional Interest Rate is available to eligible customers who were provided with this offer and have reached the age of majority at the time of account opening, in the province or territory where they reside. If the account is a joint account, all account holders must have reached the age of majority to qualify.
Promo is 4.7% + regular 0.3 %. Total of 5%
9:19 am
April 6, 2013
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The Rock said
You also would need to open a chequing account and maintain a $4000 balance to avoid paying a $17.95 monthly fee.
That looks like a different BMO 5% offer about a chequing account with their Savings Amplifier Account:
†We guarantee up to a 5.00% promotional interest rate on balances deposited to a Savings Amplifier Account for up to 120 days from the account opening start date. This is an estimated value of $216.66 in total interest. If the Savings Amplifier Account is not funded, no interest will be earned. Promotional interest will be earned on the total balance within the Savings Amplifier Account. To qualify for the Promotional Rate, you must 1. Open a new Primary Chequing Account with the AIR MILES Plan, Performance Plan, Premium Plan, Practical Plan, or Plus Plan 2. Open a new Savings Amplifier Account 3. Make a deposit(s) into the Savings Amplifier Account. Interest is calculated on the daily account closing balance, up to a balance limit of $1,000,000, and paid monthly on the last business day of the month. For additional details please refer to Terms and Conditions.
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