If you’re looking for competitive CD rates to enhance your financial portfolio, it’s time to explore the best BMO Harris CD rates and options available today.
Key Takeaways
- BMO Harris offers 10 regular term CDs with durations ranging from 3 months to 5 years
- They also have 5 “CD Specials” with higher rates and APYs
- CDs are available online in all 50 states or in-person at branch locations in 9 states
- Special CD accounts offer the most competitive rates, with terms ranging from 13 to 59 months
- Current national average for a 12-month CD is 1.76%, while BMO Bank offers 5.10% for a 13-month CD
Discover the Range of BMO Harris CD Term Options.
BMO Harris offers a wide range of CD term options, allowing you to select the duration that aligns with your investment goals and timeframe. Whether you’re looking for a short-term investment or a long-term strategy, BMO Harris has the right CD term for you. With durations ranging from 3 months to 5 years, you have the flexibility to choose the option that best suits your needs.
Here is a breakdown of BMO Harris CD term options:
| Term Duration | Minimum Deposit |
|---|---|
| 3 months | $1,000 |
| 6 months | $1,000 |
| 12 months | $1,000 |
| 24 months | $1,000 |
| 36 months | $1,000 |
| 48 months | $1,000 |
| 60 months | $1,000 |
These CD term options provide you with the opportunity to maximize your savings and earn competitive rates. It’s important to consider factors such as your financial goals, risk tolerance, and liquidity needs when choosing the right CD term for your investment strategy. BMO Harris is committed to helping you make informed decisions and achieve your financial objectives.
Uncover the Benefits of BMO Harris CD Specials
BMO Harris CD Specials provide an exceptional opportunity to earn higher yields compared to standard term CDs, making them an attractive choice for investors seeking competitive rates. With terms ranging from 13 to 59 months and a minimum deposit of $1,000, these CD Special accounts offer the potential for substantial returns.
By opting for BMO Harris CD Specials, investors can take advantage of rates that far surpass the national average. For example, while the current national average for a 12-month CD stands at 1.76%, BMO Harris offers an impressive 5.10% rate for a 13-month CD. This significant difference in rates demonstrates the enhanced earning potential provided by BMO Harris CD Specials.
To further illustrate the benefits, let’s consider the potential earnings on a $50,000 deposit. Depending on the chosen term, investors can expect to earn anywhere from $2,768.28 to $12,080.96. These higher yields can greatly contribute to one’s financial goals and provide a competitive edge in today’s market.
| CD Term | Potential Earnings with $50,000 Deposit |
|---|---|
| 13 months | $2,768.28 |
| 26 months | $5,300.50 |
| 59 months | $12,080.96 |
In addition to higher yields, BMO Harris CD Specials also come with a 10-day grace period after maturity. This provides investors with flexibility in managing their funds and allows for strategic reinvestment or withdrawal decisions.
It’s important to note that early withdrawal penalties for BMO Harris CD Specials only affect accrued interest. These penalties range from 90 days’ interest to 180 days’ interest, depending on the specific terms and conditions of the CD account.
Accessing BMO Harris CD Rates Online or In-Person
Whether you prefer the convenience of online banking or prefer a personal touch at a branch location, BMO Harris offers accessibility to their CD rates both online and in-person.
With BMO Harris, you have the option to explore their CD rates from the comfort of your own home. Their online platform allows you to easily view and compare the different CD options available, including both their regular term CDs and CD Specials. This means you can make informed decisions about your investments at your own pace, without the need to visit a physical branch.
However, if you prefer a more personalized experience or have any questions regarding their CD rates, BMO Harris also has branch locations in 9 states where you can speak with a representative face-to-face. Their knowledgeable staff can provide you with the guidance you need and help you navigate their CD offerings. Whether you choose to visit a branch or utilize their online platform, BMO Harris ensures that their CD rates are easily accessible to meet your specific preferences.
| Online CD Rates | Branch Locations |
|---|---|
| Accessible from any location in the United States | Available in 9 states |
| Convenient and easy to navigate | Personalized service from knowledgeable staff |
| 24/7 access to CD rates and options | Face-to-face interaction and support |
Whether you choose to manage your CD investments online or prefer the traditional banking experience at a branch, BMO Harris ensures that their CD rates are accessible to cater to your specific needs. Take advantage of their user-friendly online platform or visit a branch location to explore their competitive CD rates and find the best option to strengthen your financial portfolio.
Optimize Returns with BMO Harris CD Special Accounts
BMO Harris CD Special accounts provide an opportunity to secure top rates and optimize your returns, making it essential to compare them with other CD options available. With durations ranging from 13 to 59 months and a minimum deposit of $1,000, these CD Specials offer competitive rates that outperform standard CDs.
When considering your investment options, it’s important to compare CD rates across different banks and financial institutions. BMO Harris CD Special accounts consistently offer some of the highest rates in the market, ensuring you make the most of your investment. By choosing a CD with BMO Harris, you can rest assured that your investment is working hard for you.
To illustrate the potential earnings you could achieve with a BMO Harris CD Special, let’s consider a $50,000 deposit. Depending on the term, your earnings could range from $2,768.28 to $12,080.96. These substantial returns demonstrate the power of choosing the right CD account.
| Term (months) | Potential Earnings |
|---|---|
| 13 | $2,768.28 |
| 24 | $5,850.13 |
| 36 | $8,986.98 |
| 48 | $11,880.82 |
| 59 | $12,080.96 |
When comparing CD rates, it’s important to consider factors such as minimum deposit requirements, term lengths, and any additional benefits or features offered by the bank. With BMO Harris CD Special accounts, you not only enjoy attractive rates but also the security and reliability of a reputable financial institution.
So, if you’re looking to optimize your returns and secure top CD rates, consider opening a CD Special account with BMO Harris. Explore their range of options, compare rates, and take the first step towards strengthening your financial portfolio.
How BMO Harris CD Rates Compare to the National Average
When it comes to CD rates, BMO Harris stands out with rates that surpass the national average, making them an attractive option for those seeking the best and most competitive rates. While the current national average for a 12-month CD is 1.76%, BMO Harris offers a remarkable 5.10% for a 13-month CD. This significant difference in rates demonstrates BMO Harris’s commitment to providing customers with higher returns on their investments.
BMO Harris offers a range of CD options to suit different investment goals. Their CD Special accounts, in particular, come with terms ranging from 13 to 59 months and require a minimum deposit of $1,000. These Special CD accounts offer rates that are higher than their standard term CDs, allowing investors to maximize their earnings even further.
| Term | Rate |
|---|---|
| 13 months | 5.10% |
| 24 months | 4.00% |
| 36 months | 3.80% |
| 48 months | 3.20% |
| 59 months | 3.10% |
To put into perspective the potential earnings from BMO Harris CD Specials, let’s consider a $50,000 deposit. Depending on the term chosen, the potential earnings can range from $2,768.28 to $12,080.96. These impressive figures highlight the substantial returns that can be achieved through investing in BMO Harris CD Specials.
It’s important to note that while BMO Harris CD Specials offer highly competitive rates, their standard term CDs have negligible yields. With a minimum deposit of $1,000, these standard CDs may not provide the desired returns for investors looking for the best rates. However, the CD Special accounts are specifically designed to offer higher rates and maximize investment growth.
Opening a BMO Harris CD is a straightforward process. To get started, you’ll need to provide personal and financial information for identity verification. Once the account is set up, you can fund your deposit and begin your journey towards optimizing your returns with BMO Harris CD rates. Whether you choose to open an account online or visit one of their branch locations, BMO Harris offers accessibility and convenience for all customers.
With rates that exceed the national average and the opportunity to earn substantial returns, BMO Harris CD rates are an excellent choice for individuals looking to enhance their financial portfolio. By investing in CD Specials with higher rates, customers can maximize their earnings and secure a brighter financial future.
Comparison of BMO Harris CD Rates with National Average
“When it comes to CD rates, BMO Harris stands out with rates that surpass the national average, making them an attractive option for those seeking the best and most competitive rates.”
To provide further context on how BMO Harris CD rates compare to the national average, let’s take a closer look at their offerings. The table below showcases the rates of BMO Harris CD Specials in contrast to the current national average for a 12-month CD.
| CD Term | BMO Harris CD Specials Rate | National Average Rate |
|---|---|---|
| 13 months | 5.10% | 1.76% |
| 24 months | 4.00% | 1.76% |
| 36 months | 3.80% | 1.76% |
| 48 months | 3.20% | 1.76% |
| 59 months | 3.10% | 1.76% |
This comparison clearly illustrates the considerable advantage of choosing BMO Harris CD rates over the national average. With rates that are significantly higher, BMO Harris provides an opportunity for individuals to secure greater returns on their investments and achieve their financial goals more efficiently.
Potential Earnings with BMO Harris CD Specials
By investing in BMO Harris CD Specials, you have the potential to earn significant returns with the exact amount depending on the term and your deposit amount. BMO Harris is known for offering competitive rates that outperform the national average, giving you the opportunity to maximize your earnings. Let’s take a closer look at the potential earnings you could achieve with a $50,000 deposit.
To illustrate the potential returns, take a look at the following table:
| CD Term | APY | Potential Earnings |
|---|---|---|
| 13 months | 5.10% | $2,768.28 |
| 18 months | 5.35% | $3,781.99 |
| 25 months | 5.50% | $5,433.05 |
| 36 months | 5.60% | $8,042.92 |
As you can see, the potential earnings can range from $2,768.28 for a 13-month CD to $8,042.92 for a 36-month CD. These figures demonstrate the lucrative nature of BMO Harris CD Specials and the opportunity they offer for significant returns on your investment.
Choosing the Right Term
When considering BMO Harris CD Specials, it’s important to carefully evaluate the different term options to find the one that aligns with your financial goals. The table above provides a snapshot of potential earnings, but it’s essential to assess your risk tolerance, financial needs, and investment horizon to make an informed decision.
By comparing the potential earnings across different terms, you can optimize your investment strategy and select the CD Special that best suits your financial objectives. Remember, the longer the term, the higher the potential earnings. However, you should also consider your liquidity needs and whether you can commit to a longer-term CD.
With BMO Harris CD Specials, you have the opportunity to earn significant returns and strengthen your financial portfolio. Take advantage of these competitive rates and explore the different term options to find the best fit for your investment goals.
Standard CDs vs. BMO Harris CD Specials
When deciding between standard CDs and BMO Harris CD Specials, it’s important to consider the substantial difference in yields and the potential for greater returns with CD Specials. BMO Harris Bank offers 10 regular term CDs with durations ranging from 3 months to 5 years, but their most competitive rates come with their CD Special accounts.
CD Specials provide higher rates and APYs compared to standard term CDs, making them a preferred choice for investors seeking competitive CD rates and looking to maximize their returns. With terms ranging from 13 to 59 months and a minimum deposit of $1,000, CD Specials offer the opportunity to earn more on your investment.
Let’s compare the rates: currently, the national average for a 12-month CD is 1.76%, while BMO Harris Bank offers an impressive 5.10% for a 13-month CD. This significant difference in rates can have a significant impact on your earnings. For example, with a $50,000 deposit, the potential earnings on BMO Harris CD Specials range from $2,768.28 to $12,080.96, depending on the term.
| Term | Rate | Potential Earnings (on $50,000 deposit) |
|---|---|---|
| 13 months | 5.10% | $2,768.28 |
| 59 months | 5.10% | $12,080.96 |
On the other hand, standard CDs from BMO Harris Bank have negligible yields and require a $1,000 minimum deposit. If you’re looking for competitive CD rates and higher potential returns, CD Specials offer the best option to enhance your financial portfolio.
Grace Periods and Early Withdrawal Penalties
BMO Harris provides a 10-day grace period after maturity for both CD specials and standard term CDs, ensuring flexibility for investors. During this grace period, you have the opportunity to make changes to your investment strategy or withdraw your funds without any penalties. It’s important to note that this grace period begins immediately after the maturity date of your CD.
Early withdrawal penalties are applicable on accrued interest and vary based on the number of days. These penalties are designed to discourage investors from withdrawing their funds before the agreed-upon term has ended. The longer the term of the CD, the higher the potential early withdrawal penalty.
To give you an idea of the penalties involved, let’s take a look at an example: If you decide to withdraw your funds before the maturity date of your CD, the penalty can range from 90 days’ interest to 180 days’ interest. The specific penalty amount will depend on how many days have passed since the CD was opened. It’s important to consider these penalties when planning your investment strategy and to carefully evaluate your financial needs and goals.
| CD Term | Early Withdrawal Penalty |
|---|---|
| 1-3 months | 90 days’ interest |
| 4-12 months | 120 days’ interest |
| 13-24 months | 180 days’ interest |
It’s always recommended to carefully review the terms and conditions associated with your BMO Harris CD to fully understand the potential penalties and any other applicable fees. By doing so, you can make informed decisions about your investments and ensure you’re maximizing your financial returns.
Opening a BMO CD: Process and Requirements
Opening a BMO CD is a straightforward process that requires providing personal and financial information for verification and deposit funding, with the added convenience of being able to open accounts online. To get started, you’ll need to gather the necessary information and follow these simple steps:
- Visit the BMO Harris website or access their online banking portal.
- Find the section for opening a new CD account and click on the corresponding link.
- Fill out the required fields with your personal information, including your name, address, social security number, and date of birth.
- Provide the necessary financial information, such as your employment details and annual income.
- Select the desired CD term and enter the amount you wish to deposit. Remember that BMO Harris CD Specials require a minimum deposit of $1,000.
- Review the terms and conditions, as well as any applicable fees or penalties.
- Choose whether you want to receive paper statements or opt for e-statements.
- Submit your application and wait for verification.
Once your application is approved and your deposit is funded, you will receive confirmation of your new CD account. You can then start maximizing your returns and enjoying the security of a BMO Harris CD. Remember to review the terms and conditions to familiarize yourself with any grace periods or early withdrawal penalties that may apply.
| Required Information | Online Application Process |
|---|---|
| Personal Details | Fill out the online form with your name, address, social security number, and date of birth. |
| Employment Information | Provide details about your employment status, including your occupation and annual income. |
| Deposit Amount | Select the desired CD term and enter the amount you wish to deposit, with a minimum of $1,000 for CD Specials. |
By opening a BMO CD, you can take advantage of their competitive rates and secure your financial future. Whether you choose to visit a branch in person or apply online, the process is designed to be easy and convenient for you. So why wait? Start exploring the best BMO Harris CD rates and options today.
Enhance Your Financial Portfolio with BMO Harris CD Rates.
By incorporating BMO Harris CD rates into your investment strategy, you can enhance your financial portfolio with the best rates and high yield CDs, paving the way for stronger returns. BMO Bank offers a range of CD options that cater to different investment goals and offer competitive rates compared to the national average.
| CD Type | Term | Minimum Deposit | Rate | APY |
|---|---|---|---|---|
| Standard CD | 3 months – 5 years | $1,000 | Negligible | N/A |
| CD Special | 13 – 59 months | $1,000 | 5.10% | 5.13% |
With BMO Bank’s CD Special accounts, you can take advantage of higher rates and APYs, maximizing your potential returns. These accounts require a minimum deposit of $1,000 and offer terms ranging from 13 to 59 months. Compared to the current national average of 1.76% for a 12-month CD, BMO Bank’s 13-month CD Special rate of 5.10% stands out as an attractive option for investors seeking better returns.
Let’s take a look at the potential earnings you can achieve with BMO Harris CD Specials. Assuming a $50,000 deposit, the earnings range from $2,768.28 to $12,080.96, depending on the term chosen. These higher potential earnings can significantly boost your financial portfolio and help you achieve your investment goals.
Grace Periods and Early Withdrawal Penalties
It’s important to be aware of the grace periods and early withdrawal penalties associated with BMO Harris CDs. Both CD Specials and standard term CDs allow for a 10-day grace period after maturity, allowing you time to decide whether to reinvest or withdraw your funds.
If you decide to make an early withdrawal, the penalties will only affect the accrued interest and not the principal amount. The penalties range from 90 days’ interest to 180 days’ interest, depending on the number of days the funds have been invested.
Opening a BMO CD is a straightforward process. You’ll need to provide personal and financial information for identity verification, and funding the deposit can be done securely online or in-person at a branch location.
Take control of your financial future and explore the best CD rates and high yield CDs offered by BMO Harris. With their competitive rates, variety of options, and potential for higher returns, BMO Harris CD rates can be a valuable addition to your investment strategy.
Conclusion
In conclusion, BMO Harris offers a diverse range of CD options and competitive rates that can help strengthen your financial portfolio. With 10 regular term CDs and 5 “CD Specials” to choose from, you have the flexibility to find the perfect term for your investment goals. Whether you prefer a short-term investment of 3 months or a longer commitment of up to 5 years, BMO Harris has you covered.
What sets BMO Harris apart is their CD Specials, which offer higher rates and APYs compared to their standard term CDs. These high yield CDs can provide you with the opportunity to earn even more on your investment. With terms ranging from 13 to 59 months and a minimum deposit of $1,000, BMO Harris CD Specials are designed to help you optimize your returns.
Accessing BMO Harris CD rates is easy and convenient. You can explore their rates online from anywhere in the United States, or visit one of their branch locations in 9 states for in-person services. This accessibility ensures that you can manage your CD investments on your terms.
So why wait any longer? Start exploring the best BMO Harris CD rates today and embark on your investment journey. By choosing BMO Harris, you can trust that you are making a smart financial decision and taking a step towards a stronger financial future.
FAQ
What are the different CD term options offered by BMO Harris?
BMO Harris offers CD terms ranging from 3 months to 5 years.
What are the benefits of BMO Harris CD Specials?
BMO Harris CD Specials offer higher rates and APYs compared to standard term CDs, providing the potential for higher yields.
How can I access BMO Harris CD rates?
BMO Harris CD rates are available online in all 50 states or in-person at branch locations in 9 states.
How do BMO Harris CD rates compare to the national average?
BMO Harris CD rates are highly competitive, with rates exceeding the current national average.
What are the potential earnings with BMO Harris CD Specials?
The potential earnings with BMO Harris CD Specials, based on a $50,000 deposit, range from $2,768.28 to $12,080.96, depending on the term.
What is the difference between standard CDs and BMO Harris CD Specials?
Standard CDs from BMO Harris have negligible yields, while CD Specials offer competitive rates and higher returns.
What is the grace period for BMO Harris CDs?
BMO Harris offers a 10-day grace period after maturity for both CD Specials and standard term CDs.
What are the early withdrawal penalties for BMO Harris CDs?
Early withdrawal penalties for BMO Harris CDs only affect accrued interest and range from 90 days’ interest to 180 days’ interest.
What is required to open a BMO CD?
To open a BMO CD, you’ll need to provide personal and financial information for identity verification and funding the deposit.
How can BMO Harris CD rates enhance my financial portfolio?
Investing in BMO Harris CD rates can strengthen your financial portfolio by offering competitive rates and the potential for higher returns.