Rate option 1
0.1%
- Compounding
- Monthly
- Calculation
- Daily Closing Balance
Savings Account
CAD
CDIC Insured
BMO Bank of Montreal
BMO Savings Builder Account
Reach your financial goals sooner with a savings account that gets you a bonus interest rate when you save consistently every month.
Rate up to
0.1%
Monthly fee
No monthly fee
Transactions
1/month
Minimum deposit
$0
EARNINGS
Rates and interest details
Balance-tier schedule
| Balance | Standard rate | Boosted rate | Condition |
|---|---|---|---|
| $0+ | 0% | — | Earn an additional 0.500% bonus interest rate when you increase your monthly balance by $200 per month (up to $250,000 max). |
COSTS
Fees and account limits
Monthly feeNo monthly fee
Fee-waiver balanceNot listed
Minimum deposit$0
Maximum depositNot listed
Included transactions1/month
Bundled productNot specified
ACCOUNT EXPERIENCE
Features and benefits
Online and Mobile Banking
Set up, track, and reach goals with the BMO Savings Goals mobile feature.
CDIC Insured
Eligible for CDIC Insurance.
WHO CAN APPLY
Eligibility and access
Minimum ageNot specified
AvailabilityAvailable nationally
Mobile appYes
Online bankingYes
Branch accessNot specified
CDIC Insured: Eligible for CDIC Insurance.
COVERAGE
Registration, networks and availability
Registration options
- NONREGNon-Registered
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.