Interest Rate
5.00%
Monthly Fee
CA$0
Welcome Bonus
Up to CA$900
Apply Now →on BMO's website
Minimum Deposit:CA$0
Interest Rate:
5.00%
Welcome Bonus: Up to CA$900
Earn a cash bonus when opening a new qualifying chequing account alongside a Savings Amplifier Account.
Monthly Fee:
CA$0
Minimum Deposit:
CA$0
This account earns the #1 spot due to its high promotional interest rate of 5.00% for four months, coupled with the potential for a cash bonus. This combination offers significant short-term value for new customers looking to maximize their savings.
Pros:
- High promotional interest rate
- Cash bonus available
Cons:
- Promotional rate limited to 4 months
In conclusion, the BMO High Interest Savings Account is an excellent choice for individuals seeking to boost their savings with a competitive 5.00% interest rate and no monthly fees, particularly those who can take advantage of the generous welcome bonus. It’s ideally suited for new customers looking for short-term savings growth without the burden of maintenance costs.