Watch your savings grow with an account that offers competitive rates and terms that best fit your goals and lifestyle. Make real financial progress knowing that your money is insured by the FDIC footnote 11. Easily manage your money online with a variety of resources at your fingertips. What do you need to open a savings account
Get an extra $5 a month when you grow your balance by $200 or more in a new Savings Builder account for the first year footnote 33.
Find a savings account that's right for you
No monthly maintenance fee so your money goes farther Get an extra $5 every month you save $200 or more, for the first year footnote 33 Get easy access to your savings
Featured savings account
Relationship Plus Money Market
Get our best rate with access footnote 22to your money!
$10 monthly maintenance fee, waived with a $5,000 minimum daily balance You may get higher interest rates when you also have a BMO Relationship Checking account footnote 44 Get easy access footnote 22 to your money with competitive rates
Guaranteed growth
Certificates of Deposit (CDs) footnote 55
select rates
Park your savings at a higher rate!
No monthly maintenance fee Competitive rates and your choice of termsFeel secure knowing your CD interest rate is locked in for your term
Security however you bank
Our security features ensure that your banking experience is convenient and safe. Whether you bank via mobile, online or telephone, you can be confident that your personal information is secure.Our financial crimes unit is made up of world-class expertise in cyber security, fraud, physical security and crisis management. We work hard in response to security threats and will to assist you in the recovery process.
Our customer service sets us apart
Forbes named us one of the World’s Best Banks, thanks to our customer focus and our leading digital and mobile banking tools.
Here’s what you need to open a savings account
Phone number, e-mail address and U.S. residential address- Your date of birth and Social Security Number
- U.S. citizenship (if you’re not a U.S. citizen, you can apply over the phone or in person at a BMO branch)
- A routing and account number so that you can start adding money to your savings account
Resources for your savings journey
CDs vs Money Market accounts: Which one should you choose?
Growing your money isn’t just about how much you earn – it’s also about how much you save.
How to start an emergency fund
We’ll help you prepare for any financial surprises that may come your way.
Stop spending and start saving
Are you worried about your savings? We get it – and you’re not alone. More than 40% of Americans worry.
Need support?
That’s what we’re here for.
Ask us anything
Give us a call if you have any questions.
1-800-546-6101Come in and talk to us
Stop by your nearest branch to chat about your financial future.
Savings rewards are available for new accounts only. An account switched into Savings Builder from a different product is not eligible for savings rewards. Savings rewards are limited to one Savings Builder account per customer as Primary Account Owner. Only your first account opened is eligible for savings rewards. You are not eligible to receive savings rewards if you have previously opened a Statement Savings account between February 3, 2020 and October 18, 2021 and participated in the Statement Savings account – Savings Rewards offer.
