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BMO Savings Builder Review
Earning potential. Greater earning potential with competitive interest rates, which are accrued daily and paid monthly. � Flexibility & liquidity. Grow your cash surplus with the BMO Business Premium Rate Savings Account. Pair it with your small business account to earn higher interest. Interest is posted to your account on the first business day after the 21st of each month. Credit and debit interest are calculated separately.
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Information provided on Forbes Advisor is for educational purposes only. Featured Partner Offer. While both offer perks like low account minimums and no monthly fees, they differ in terms of interest rates and availability. Users on Reddit say there are savings accounts with higher interest rates to benefit from, while some of the BMO savings accounts are good options to have for smaller cash flows in addition to accounts at other financial institutions. At other banks, you might need to maintain a certain account balance or receive a specific amount in eligible direct deposits each month, or you'll have to pay a monthly maintenance charge.