Bank · FDIC insured
BMO Savings Rates
BMO’s best savings rate is 0.01% APY on $10,000, with its Savings Builder. Rates checked October 16, 2026.
How BMO’s savings rates compare
Compared with banks and credit unions near Chicago, IL-IN, where BMO has the most branches. $10,000, best rate first.
This bank’s best
BMO
0.80%APY
- Requires
- Another account
- Minimum
- $25
- Earns on $10,000 a year
- $80
Growth Money Market Account
Top rate
Justice Federal Credit Union
4.00%APY
- Requires
- Monthly account activity
- Minimum
- $0
- Earns on $10,000 a year
- $400
2nd-highest rate
United Trust Bank
3.90%APY
- Requires
- None
- Minimum
- $10,000
- Earns on $10,000 a year
- $390
BMO savings score
77
Savings score
Higher than 45% of U.S. banks and credit unions
- $1,000 balance$1,0000.01%
- $10,000 balance$10,0000.30%
- $100,000 balance$100,0001.70%
- QualifiedQualified0.80%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where BMO ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Growth Money Market Account
Up to 0.80%APY
$10 monthly maintenance fee is waived for 60 days after account opening or if you hold a minimum daily balance of $5,000. Requires a $25 minimum opening deposit. Variable rate account.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $5,000Relationship rate (Amplify your APY) for balances less than $5,000. Requires being an Account Owner of both a Growth Money Market account and a BMO Relationship Checking account with qualifying activities. | 0.55% | — | Relationship rate (Amplify your APY) for balances less than $5,000. Requires being an Account Owner of both a Growth Money Market account and a BMO Relationship Checking account with qualifying activities. |
| Up to $5,000Standard APY for balances less than $5,000. Monthly maintenance fee waived for first 60 days or with a $5,000 minimum daily balance. | 0.05% | — | Standard APY for balances less than $5,000. Monthly maintenance fee waived for first 60 days or with a $5,000 minimum daily balance. |
| $5,000 – $25,000Relationship rate (Amplify your APY) for balances between $5,000 and $24,999.99. Requires being an Account Owner of both a Growth Money Market account and a BMO Relationship Checking account with qualifying activities. | 0.80% | $80 | Relationship rate (Amplify your APY) for balances between $5,000 and $24,999.99. Requires being an Account Owner of both a Growth Money Market account and a BMO Relationship Checking account with qualifying activities. |
| $5,000 – $25,000Standard APY for balances between $5,000 and $24,999.99. Monthly maintenance fee waived with a $5,000 minimum daily balance. | 0.30% | $30 | Standard APY for balances between $5,000 and $24,999.99. Monthly maintenance fee waived with a $5,000 minimum daily balance. |
| $25,000 – $100,000Relationship rate (Amplify your APY) for balances between $25,000 and $99,999.99. Requires being an Account Owner of both a Growth Money Market account and a BMO Relationship Checking account with qualifying activities. | 1.16% | — | Relationship rate (Amplify your APY) for balances between $25,000 and $99,999.99. Requires being an Account Owner of both a Growth Money Market account and a BMO Relationship Checking account with qualifying activities. |
| $25,000 – $100,000Standard APY for balances between $25,000 and $99,999.99. Monthly maintenance fee waived with a $5,000 minimum daily balance. | 0.65% | — | Standard APY for balances between $25,000 and $99,999.99. Monthly maintenance fee waived with a $5,000 minimum daily balance. |
| $100,000 – $250,000Relationship rate (Amplify your APY) for balances between $100,000 and $249,999.99. Requires being an Account Owner of both a Growth Money Market account and a BMO Relationship Checking account with qualifying activities. | 2.21% | — | Relationship rate (Amplify your APY) for balances between $100,000 and $249,999.99. Requires being an Account Owner of both a Growth Money Market account and a BMO Relationship Checking account with qualifying activities. |
| $100,000 – $250,000Standard APY for balances between $100,000 and $249,999.99. Monthly maintenance fee waived with a $5,000 minimum daily balance. | 1.70% | — | Standard APY for balances between $100,000 and $249,999.99. Monthly maintenance fee waived with a $5,000 minimum daily balance. |
| $250,000 and upRelationship rate (Amplify your APY) for balances of $250,000 or more. Requires being an Account Owner of both a Growth Money Market account and a BMO Relationship Checking account with qualifying activities. | 3.01% | — | Relationship rate (Amplify your APY) for balances of $250,000 or more. Requires being an Account Owner of both a Growth Money Market account and a BMO Relationship Checking account with qualifying activities. |
| $250,000 and upStandard APY for balances of $250,000 or more. Monthly maintenance fee waived with a $5,000 minimum daily balance. | 2.50% | — | Standard APY for balances of $250,000 or more. Monthly maintenance fee waived with a $5,000 minimum daily balance. |
Savings Builder
0.01%APY
No monthly maintenance fee. Earn an extra $5 savings reward every month the balance grows by $200 or more for the first year (up to 12 rewards for new accounts). Variable rate account; minimum opening deposit is $25.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Over $0Applies to ZIP code 60603 (Illinois and Northwest Indiana locations, excluding locations in South Beloit, Roscoe and St. Clair County in Illinois). Interest compounded daily and credited monthly.Over $0 | 0.01% | $1 | Applies to ZIP code 60603 (Illinois and Northwest Indiana locations, excluding locations in South Beloit, Roscoe and St. Clair County in Illinois). Interest compounded daily and credited monthly. |
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.