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Data Driven Algorithmic Integrity

We deploy rigorous data analysis to index and score the market. Our recommendations are derived from raw data, ensuring zero bias from advertiser influence.

You Are The Priority

We strive to be the smartest financial friend you have. Our goal is to save you money, not upsell you junk.

How We Stay Free

Ads pay the bills, but our Math runs the show. See our "No-Nonsense" Disclosure

A buddy for your wallet

FULL TRANSPARENCY

Platform Integrity & Transparency Standards

A comprehensive overview of our business model, data ethics, and commitment to unbiased service.

The Reality Check

RateBuddy is free for you to use, but it does cost money to run. To cover our expenses, we earn revenue through advertisements and sponsorship placements. This means our partners often compensate us when you click a link or apply for a product through our site. Importantly, this does not change our product ratings, rankings, reviews, or opinions. We strive to show you the most options possible so you can make informed decisions.

Our Total Loyalty Commitment

Our obligation to you supersedes any business relationship. This applies to everything we do—from the code that sorts rates to the advice in our guides. If a product has excessive fees, we expose them. If a service is outdated, we flag it. We are built to be your advocate, ensuring you always have the full, unvarnished picture.

We Can't Cover Everything

While we strive to scan the entire market, the financial world is massive. We might not list every single credit union or local bank in existence. However, we work tirelessly to present the most competitive offers available in Canada.

Our Editorial Independence

Our opinions are our own. If a card has a terrible fee, we’ll tell you. If a bank has a glitchy app, we’ll warn you. Our loyalty is to your wallet.

How RateBuddy Rebates Work

When you apply through an eligible RateBuddy button or link, the bank or card issuer may pay RateBuddy a commission. For selected offers, we share part of that commission with you as a real cash rebate, sent directly by Interac e-Transfer. No gimmicks, points, contests or games—just cash once your eligibility is confirmed. To qualify, you must start and complete your application using the eligible RateBuddy button or link and meet the offer terms. We aim to pay your rebate as soon as the bank or card issuer confirms that you qualify. Confirmation can sometimes take up to 90 days, so your rebate payment may take that long.

See how to claim your extra cash

Buddy, the RateBuddy squirrel, adding a banknote to your wallet.

A buddy for your wallet

You work hard for your money. Let’s help you keep more of it.

Groceries. Bills. Something you’re saving for. Every dollar has a place in your life, and even small savings can make a difference.

Our goal is simple: help you keep more money in your wallet and put a little extra back whenever we can.

Make every dollar count.We help you compare fees, benefits and offers in plain language, so you can decide what works for you.
Share a little more with you.On selected offers, we share part of our commission as a cash rebate. It’s extra money for whatever matters to you.
Give you the honest picture.Our reviews explain each product’s pros and cons. Paid advertising cannot change those findings.

Every penny matters to you. It matters to us, too.

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

Rate option 1 0.1%

Compounding: Monthly
Calculation: Daily Closing Balance

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.

Product information last reviewed or updated Mar 12, 2026.

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