$0
Monthly fee
A no-fee variable-rate savings account; the promo rate lives on the Savings Amplifier instead.
The BMO Premium Rate Savings Account pays a low posted variable rate on your full balance. Despite the name, this isn't where BMO puts its promotional rates, as those live on the Savings Amplifier Account instead.
Interest is calculated daily and paid out monthly.
Since the rate is variable, BMO can adjust it at any time. It's worth checking BMO's rates page for the current figure before you open the account.
There's no monthly fee on the BMO Premium Rate Savings Account.
The account also carries no minimum balance requirement, so you can keep as much or as little in it as you like.
The Premium Rate Savings Account is a simple, no-fee home for cash within BMO's lineup.
You'll earn a variable rate on every dollar, with interest calculated daily and paid monthly, and there's no minimum balance to maintain.
Deposits are eligible for CDIC coverage.
Terms and conditions apply. The information for the BMO Premium Rate Savings Account has been collected independently by Prince of Travel and is not provided or reviewed by BMO. Offers, rates, and fees are subject to change — always confirm details on the financial institution's website before applying.
Last updated: July 8, 2026
Chequing