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Email this8:20 am
July 28, 2016
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I got this new promo this morning
For new money into Smart saving account.
New money calculate from all the savings account.
Got it logging in and also by email.
9:12 am
December 22, 2022
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You also would need to open a chequing account and maintain a $4000 balance to avoid paying a $17.95 monthly fee.
10:17 am
July 28, 2016
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The Rock said
You also would need to open a chequing account and maintain a $4000 balance to avoid paying a $17.95 monthly fee.
Agreed. It's more interesting for someone who is already a client and is using BMO as their main banker.
10:19 am
April 21, 2022
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What I find interesting about this offer is the interest rate. It tells us banks are looking for short term deposits and are willing to still offer good rates considering all the BoC cuts.
2:20 pm
May 28, 2013
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The Rock said
You also would need to open a chequing account and maintain a $4000 balance to avoid paying a $17.95 monthly fee.
I got this offer also. Where in the T&C does it say one must also open a chequing account? I do not see it.
I am already a BMO customer and have both savings and chequing. I do use the chequing account as the link for external transfers, so it is useful in that sense.
I will bring in funds to enjoy this rate.
6:24 pm
December 27, 2020
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I looked over this BMO offering and I must say it looks very tempting. Anyone else see any hitches? (there's always a hitch 🙂
I've been peeved at TD since they upped their minimum savings account to $5000 to avoid fees.
8:11 pm
August 16, 2022
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Is this a targeted offer? I guess so, because I don't see it anywhere, but I've missed things before. Cheers
7:38 am
July 28, 2016
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Moneyman2 said
Is this a targeted offer? I guess so, because I don't see it anywhere, but I've missed things before. Cheers
I believe it is. It is for the smart saver account.
Some of the fine prints:
*Terms and conditions
From January 15, 2025 until May 15, 2025 (the "Promotional Period") earn a promotional interest rate of 4.70% (the "Promotional Interest Rate") on New Money (defined below) up to $1,000,000 deposited into your BMO Smart Saver Account (the "Qualifying Smart Saver Account"). Balances $1,000,000 or more will earn the Bank’s posted interest rate.
Eligibility:
This Promotional Interest Rate is available to eligible customers who were provided with this offer and have reached the age of majority at the time of account opening, in the province or territory where they reside. If the account is a joint account, all account holders must have reached the age of majority to qualify.
Promo is 4.7% + regular 0.3 %. Total of 5%
9:19 am
April 6, 2013
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The Rock said
You also would need to open a chequing account and maintain a $4000 balance to avoid paying a $17.95 monthly fee.
That looks like a different BMO 5% offer about a chequing account with their Savings Amplifier Account:
†We guarantee up to a 5.00% promotional interest rate on balances deposited to a Savings Amplifier Account for up to 120 days from the account opening start date. This is an estimated value of $216.66 in total interest. If the Savings Amplifier Account is not funded, no interest will be earned. Promotional interest will be earned on the total balance within the Savings Amplifier Account. To qualify for the Promotional Rate, you must 1. Open a new Primary Chequing Account with the AIR MILES Plan, Performance Plan, Premium Plan, Practical Plan, or Plus Plan 2. Open a new Savings Amplifier Account 3. Make a deposit(s) into the Savings Amplifier Account. Interest is calculated on the daily account closing balance, up to a balance limit of $1,000,000, and paid monthly on the last business day of the month. For additional details please refer to Terms and Conditions.
11:02 am
July 28, 2016
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Just got a new targeted offer from BMO by email. 4.25% till August 31th if I open a Amplifier account.
No other conditions. I believe you have to already be a BMO client.
Look for it in your inbox.
1:59 pm
October 27, 2020
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The offer I got is via email and is for 4.75% for "New Money to your Savings Amplifier Account" till August 31.
So I just pushed funds from my Motive Financial savings account to BMO. I wouldn't have bothered if I thought Motive Financial would maintain their savings rate at 2.25% following their acquisition by National Bank.
2:10 pm
November 8, 2018
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I did not receive offer via email, but after I logged to BMO app I saw it there. Mine is with 4.75% promo rate, till August 31st.
4:24 am
February 7, 2019
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Pythagoras said
The offer I got is via email and is for 4.75% for "New Money to your Savings Amplifier Account" till August 31.So I just pushed funds from my Motive Financial savings account to BMO. I wouldn't have bothered if I thought Motive Financial would maintain their savings rate at 2.25% following their acquisition by National Bank.
We got the same BMO offer 05/1-08/31 @ 4.75% but in the Savings Builder Account ...
| CGO |
10:24 am
July 28, 2016
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cgouimet said
We got the same BMO offer 05/1-08/31 @ 4.75% but in the Savings Builder Account ...
I guess my 4.25% now does not look so good. Hopefully my wife will get the 4.75%. In any case at least BMO is finally starting to offer decent promo offer.
1:50 pm
March 3, 2022
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I received 4.75% offer email for my Savings Amplifier account till Aug 31.
9:27 am
February 7, 2019
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One of the issues with Online Banking at TD and BMO, is that there is no evidence of the interest rate on the account. One has to go to their rates page separately to view current standard rates.
And in the case of the current BMO offers, no evidence that the promo rate is actually in effect.
And! BMO no longer have online messaging to ask questions to a real someone. They now have a useless AI thingy called BMO Assist. If you frustrate it enough, it asks if you want to Chat. Oops no chat yet but you can pick up the phone or drop by a branch.
| CGO |
10:47 am
April 21, 2022
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cgouimet said
And in the case of the current BMO offers, no evidence that the promo rate is actually in effect.
The account details will show " Promotional Interest " . Yes, I know, it doesn't state the interest promo rate, but it's whatever you signed up for.
11:16 am
February 7, 2019
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JohnnyCash said
cgouimet said
And in the case of the current BMO offers, no evidence that the promo rate is actually in effect.
The account details will show " Promotional Interest " . Yes, I know, it doesn't state the interest promo rate, but it's whatever you signed up for.
Not on ours ...
| CGO |
10:49 am
July 28, 2016
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JohnnyCash said
cgouimet said
And in the case of the current BMO offers, no evidence that the promo rate is actually in effect.
The account details will show " Promotional Interest " . Yes, I know, it doesn't state the interest promo rate, but it's whatever you signed up for.
cgouimet said
Not on ours ...
My BMO account details does not show anything as well but when you get your first promo interest payment it says "Promotional Interest new money offer".
Just to be sure I always save the email of the offer.
10:55 am
February 7, 2019
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Slybanking said
cgouimet said
Not on ours ...
My BMO account details does not show anything as well but when you get your first promo interest payment it says "Promotional Interest new money offer".
Just to be sure I always save the email of the offer.
I do have the email saved but still would be appropriate to see in the account's details as the Tangerine system does.
Our account was mostly empty due to much much better rates elsewhere so that anything in there now is new to BMO ...
| CGO |
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