Rate option 1
0.9%
- Compounding
- Monthly
- Calculation
- Daily Closing Balance
Business Savings Account
USD
CDIC Insured
BMO Bank of Montreal
BMO U.S. Business Premium Rate Savings Account
Earn interest on your U.S. dollar balances with easy access to funds and no minimum balance requirement.
Rate up to
2.2%
Monthly fee
No monthly fee
Transactions
Pay per use
Minimum deposit
$0
EARNINGS
Rates and interest details
Balance-tier schedule
| Balance | Standard rate | Boosted rate | Condition |
|---|---|---|---|
| $0 – $59,999.99 | 0.9% | — | Standard eligibility applies |
| $60,000 – $500,000 | 1.75% | — | Standard eligibility applies |
| $500,000.01 – $5,000,000 | 2.1% | — | Standard eligibility applies |
| $5,000,000.01 – $50,000,000 | 2.2% | — | Standard eligibility applies |
| $50,000,000.01+ | 0% | — | Standard eligibility applies |
COSTS
Fees and account limits
Monthly feeNo monthly fee
Fee-waiver balanceNot listed
Minimum deposit$0
Maximum depositNot listed
Included transactionsPay per use
Bundled productNot specified
Detailed fee schedule
| Fee | Amount | Frequency or allowance | Additional use |
|---|---|---|---|
| Paper Statement FeeMonthly Paper Statement: $4.00 USD (eStatements are free). | - | Unlimited | - |
| Per-Transaction FeeWithdrawals/Bill Payments: $5.00 USD. Deposits: $1.25 USD. Items (cheques): $0.20/ea USD. Notes: $2.25/$1,000. Coin: $2.25/$100. Transfers: Free. | - | Per Use | - |
ACCOUNT EXPERIENCE
Features and benefits
No Monthly Fees
$0 monthly fee.
No minimum balance
No minimum balance required.
CDIC Insured
Eligible for CDIC Insurance.
US Dollar Account
U.S. Dollar Account.
eStatement and eNotifications
Free monthly eStatements.
WHO CAN APPLY
Eligibility and access
Minimum ageNot specified
AvailabilityAvailable nationally
Mobile appNot specified
Online bankingYes
Branch accessNot specified
CDIC Insured: Eligible for CDIC Insurance.
COVERAGE
Registration, networks and availability
Registration options
- CORPORATECorporate / Non-Personal
IMPORTANT INFORMATION
Terms and disclosures
Rates, fees, eligibility requirements and promotional terms can change. Confirm all current details directly with BMO Bank of Montreal before opening the account.