Savings Account USD CDIC Insured
BMO Bank of Montreal

BMO U.S. Dollar Premium Rate Savings Account

Save your U.S. dollars with the flexibility to exchange them whenever you need it. Pairs seamlessly with a BMO chequing account plan.

Interest rate 0.05%
Monthly fee No monthly fee
Transactions Not listed
Minimum deposit $0
EARNINGS

Rates and interest details

Rate option 1 0.05%
Compounding
Monthly
Calculation
Daily Closing Balance
COSTS

Fees and account limits

Monthly feeNo monthly fee
Fee-waiver balanceNot listed
Minimum deposit$0
Maximum depositNot listed
Included transactionsNot listed
Bundled productNot specified

Detailed fee schedule

FeeAmountFrequency or allowanceAdditional use
Per-Transaction FeeTransaction fees are based on your connected Bank Plan limits. - Per Use -
ACCOUNT EXPERIENCE

Features and benefits

Online and Mobile Banking

Set up, track, and reach goals with the BMO Savings Goals mobile feature. Can be added to any bank plan to share monthly fees.

CDIC Insured

Eligible for CDIC Insurance.

US Dollar Account

U.S. Dollar Account.

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.