karenspring said

Did you get the regular interest for month of July?  

Yes got it yesterday dated July 31st.

As an example, on the brokerage side, I never expect the actual posting date of ISA re-invested distributions until a few business days post-month end but transaction date will be properly dated.

Slybanking said

Not yet, got the regular interest but with yesterday being a banking holiday everything is push back one day. It should be in tomorrow.  

Did you get the regular interest for month of July?

karenspring said
Has anyone received july 31 interest payout?  

Not yet, got the regular interest but with yesterday being a banking holiday everything is push back one day. It should be in tomorrow.

rhvic said
The 2.7% is part of the promo offer - the regular 0.5% plus 2.2% promo until Aug.31.  

Not me! (Anyway, I must withdraw 36.12 % from my interest income for my taxes)

rhvic said
I have taken another look at the offer from BMO, and decided it is not that bad after all.

I will use the bonus numbers I was given (post 6) rather than the ones which are double that amount from dhb (post 1).

If I put say $100000 into the savings account by June 30, I get the $750 bonus if I keep the funds in the account until Sept.30. I also get 2.7% on the deposit until Aug 31.

So, not including compounding, on the deposit itself I get 2.7% for 60 days = $443.84. Then a further regular rate of 0.5% for 30 days = $41.10.

Including the bonus, that is $1234.93 over 90 days, or about a 5.0% annualized return. Not too bad after all.

dhb, if you really were offered double the bonus, you should seriously consider this!

One thing which is perhaps a bit odd is that the bonus, as a percentage of the minimum deposit level for each bonus, varies quite a bit. For example, $50 for $5000 is 1%; $300 for $50000 is 0.6%; $750 for $100000 is 0.75%, and $1250 for $200000 is 0.625%.

Anyway, if you wish to participate (and got the invitation to do so) you need to get funds in by June 30.  

Well, I don't know how you get your 2.7% but the double reward is enough for me to take it.

I will use the bonus numbers I was given (post 6) rather than the ones which are double that amount from dhb (post 1).

If I put say $100000 into the savings account by June 30, I get the $750 bonus if I keep the funds in the account until Sept.30. I also get 2.7% on the deposit until Aug 31.

So, not including compounding, on the deposit itself I get 2.7% for 60 days = $443.84. Then a further regular rate of 0.5% for 30 days = $41.10.

Including the bonus, that is $1234.93 over 90 days, or about a 5.0% annualized return. Not too bad after all.

dhb, if you really were offered double the bonus, you should seriously consider this!

One thing which is perhaps a bit odd is that the bonus, as a percentage of the minimum deposit level for each bonus, varies quite a bit. For example, $50 for $5000 is 1%; $300 for $50000 is 0.6%; $750 for $100000 is 0.75%, and $1250 for $200000 is 0.625%.

Anyway, if you wish to participate (and got the invitation to do so) you need to get funds in by June 30.

-------------
3. Terms and conditions
Earn up to a $1,250 cash bonus (“Total Cash Bonus”) when you deposit New Money (defined below) between June ‍1, ‍2026 and ‍June ‍30, ‍2026 (“Funding Period”).
To qualify for the Cash Bonus you must:
a. Deposit a minimum of $5,000 New Money into a Qualifying Savings Account by ‍June ‍30, ‍2026; (“Qualifying Deposit”)
b. Maintain your Qualifying Deposits from ‍June ‍30, ‍2026 until ‍September ‍30, ‍2026
Earn a Cash bonus based on the New Money amounts deposited into the BMO Savings Amplifier Account as defined below,
• Cash Bonus of $50 for depositing $5,000.00 to $9,999.99
• Cash Bonus of $100 for depositing $10,000.00 to $24,999.99
• Cash Bonus of $150 for depositing $25,000.00 to $49,999.99
• Cash Bonus of $300 for depositing $50,000.00 to $99,999.99
• Cash Bonus of $750 for depositing $100,000.00 to $199,999.99
• Cash Bonus of $1,250 for depositing $200,000.00 or more
The Total Cash Bonus will be deposited to the Qualifying Savings Account within 60 days after all required conditions above have been met, and the Qualifying Savings Account is still open and in good standing.

-----

No thanks!

JohnnyCash said
No soup for me   

I opened this Savings Amplifier Account on 2025-07-14 with their common promo at the time. It looks like they make that kind of target promo every year.

jorno319 said
Were you notified of this offer by email?

My only notices of this offer were in online banking - one as a small advertisement in the accounts summary page and one in the Offers section.  

No email. Same way as you.

My only notices of this offer were in online banking - one as a small advertisement in the accounts summary page and one in the Offers section.