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Premium Rate Savings Account
A true savings account, the Premium Rate Savings account earns a rate of interest higher than most other accounts. It makes an excellent addition to your Everyday Banking Plan - and remember, your Premium Rate Savings account can be one of multiple accounts attached to your Everyday Banking Plan, all for just one monthly fee.
 Compare the Premium Rate Savings account to our other bank accounts.
Find out about our Everyday Banking Plans.
Features
- This is a traditional savings account which includes deposits, withdrawals and transfers but does not include debit card purchases or bill payments.
- Interest is paid on every dollar in your account, and is calculated on your daily closing credit balance. Interest is paid monthly on the last business day of the month.
- Individual account transaction fees apply – or you can add your Premium Rate Savings account to an Everyday Banking Plan as part of your fixed monthly fee.
- Available in Canadian or U.S. dollars1.
- Get one monthly statement – combine all of your personal accounts on one detailed monthly statement and pay no additional fees.
- Arrange for a Continuous Savings Plan (free).
For other long-term investment needs, our qualified BMO Bank of Montreal representatives are available to help you with mutual funds and term investments. Visit your local branch for more details.
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Fees
See what fees are associated with this account.
Get Started
Find out how to setup and switch your banking.
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