Terms and Conditions
Earn 4.75% promotional interest rate (“Total
Promotional Rate”) until August 31, 2025 on your
balance in the Qualifying Savings Account (defined
below), up to $1,000,000. Balances $1,000,000 or
more will earn the Bank’s posted interest rate.
Offer Period
This Promotional Interest Rate Offer (“Offer”) begins
on May 1, 2025, and ends on August 31, 2025 (“Offer
Period”). The Offer is available on your balance in the
Qualifying Savings Account during the Offer Period.
Eligibility
The Offer is only available to eligible customers who were
provided with this offer to open a new Savings Amplifier
Account during the Offer period (“Qualifying Savings
Account”), who have reached the age of majority at the
time of account opening, in the province or territory where
they reside. If the account is a joint account, all account
holders must have reached the age of majority to qualify.
Interest Calculation
The Qualifying Savings Account will earn the Total
Promotional Rate of 4.75% until August 31, 2025.
The Total Promotional Rate calculation is comprised
of the Bank’s posted interest rate (0.80%) plus a
promotional rate (3.95%).
After the Offer Period ends, the Qualifying Savings
Account will earn interest at the posted rate. Interest
rates are available online at bmo.com/rates. For
Qualifying Savings Accounts the Total Promotional
Rate is earned on the full daily closing balance up to a
balance limit of $1,000,000. All interest related to this
offer is calculated on the daily account closing balance
and paid monthly on the last business day of the
month. All interest rates are calculated per annum.
The promotional rate and the Bank’s posted interest
rate may change any time without advance notice.
General
This offer is non-transferable and available only to
the customer who has been presented the offer. This
is a personalized Offer, and the Total Promotional Rate
may not be the same for each customer who receives
an Offer. A limit of one offer per customer is available.
Joint account or multiple account ownership is permitted,
but only the lead account holder who is receiving the
offer can accept the Total Promotional Rate. We may
change the Offer and Terms and Conditions at any time
without notice. Customers who have accepted the offer
will be provided advance notice if the Offer is withdrawn
prior to the Promotional Period end date. We reserve the
right, at our sole discretion, to suspend, disqualify, limit,
or revoke the Offer to any account holder found to have
manipulated or abused the Offer, its fairness, integrity, or
operation. To the extent that these Terms and Conditions
are inconsistent with any other communication,
advertisement or statement from the Bank, these Terms
and Conditions will supersede all other Messages.
To be eligible, customers must open a Savings Amplifier
Account by June 2, 2025.