karenspring said

Same here, still no regular or promo  

My base Interest appeared Aug 3, dated Jul 31.

My promo Interest also appeared Aug 3 and dated Aug 3

Under the offer, only the promotional interest for the Savings Amplifier Account is to be paid after the end of the month:

Promotional Interest Calculation and Payment

Promotional Interest is calculated on the daily closing balance of the Account and paid monthly up to the fifteenth calendar day of the subsequent month. For example, interest that is earned in the month of March, will be paid to the account up to April 15. Promotional Interest will be shown separately from the posted interest on the Account statement. Posted interest is calculated on the daily account closing balance and paid monthly on the last business day of the month. …

rhvic said
No July interest yet, regular or promo, on my account.  

Same here, still no regular or promo

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.