BMO targeted promo | BMO | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS sp_TopicIcon
BMO targeted promo
January 22, 2023
9:32 am
hwyc
GTA
Member
Members
Forum Posts: 1240
Member Since:
September 30, 2017
sp_UserOfflineSmall Offline

[ Filed only for comparison with other current targeted offer ]
Here's to document a BMO targeted offer - Earn up to 5.25% interest on a BMO Savings Amplifier Account

Please read these Terms and Conditions and take note of the following:

The Bonus Interest Rate Offer (“Offer”) begins on January 19, 2023 and ends on May 31, 2023 (“Offer Period”). The Offer is only available to eligible customers who are invited to open a new Savings Amplifier Account opened during the Offer Period (“Qualifying Savings Amplifier Account”) by using the exclusive link to a BMO website that is provided to you through BMO Online or BMO Mobile Banking, or by email. For clarity purposes Savings Amplifier Accounts opened through the branch or any other method do not qualify for the Offer. The Offer is available on deposits made during the Offer Period.

Interest Calculation:
The Qualifying Savings Amplifier Account will earn the Bonus Rate of 5.25% until May 31, 2023. The Bonus Rate calculation is comprised of the Bank’s posted interest rate (1.80%) plus a Bonus Rate (3.45%).

After the Offer Period ends the Qualifying Savings Amplifier Accounts will earn interest at the posted rate. Interest rates are available online at bmo.com/rates. For Qualifying Savings Amplifier Accounts opened during the Offer Period, the Bonus Rate is earned on the full daily closing balance up to a balance limit of $1,000,000. All interest related to this offer is calculated on the daily account closing balance and paid monthly on the last business day of the month.

The bonus interest rate and posted rate may change any time without any prior notice.

General:
This offer is non-transferable and available only to the customer who has been presented the offer. This is a personalized Offer and the Bonus Rate may not be the same for each customer who receives an Offer. A limit of one offer per customer is available (in the case of joint or multiple ownership only the customer receiving the offer can accept it). We may change the Offer and Terms and Conditions at any time without notice. We reserve the right, at our sole discretion, to suspend, disqualify, limit or revoke the offer to any account holder found to have manipulated or abused the bonus interest offer, its fairness, integrity or operation. To the extent that these Terms and Conditions are inconsistent with any other communication, advertisement or statement from the Bank, these Terms and Conditions will supersede all other Messages.

Hope this helps

August 10, 2023
8:18 am
kesa
Member
Members
Forum Posts: 228
Member Since:
February 14, 2023
sp_UserOfflineSmall Offline

Earn up to 5.25%1 interest on any New Money deposited into your BMO Savings Amplifier Account until November 30, 2023*.

August 10, 2023
10:57 am
COIN
Member
Members
Forum Posts: 1129
Member Since:
March 15, 2019
sp_UserOfflineSmall Offline

Looks like BMO is doing this directly since they don't have a Simplii or Tangerine equilvalant.

August 27, 2023
8:15 pm
RetirEd
Member
Members
Forum Posts: 1122
Member Since:
November 18, 2017
sp_UserOfflineSmall Offline

Targeted offers, like targeted ads, inhale strongly. I want to see and get the same treatment as others.

RetirEd

May 3, 2024
9:15 am
leigh
Member
Members
Forum Posts: 11
Member Since:
November 5, 2009
sp_UserOfflineSmall Offline

I just received a targeted offer from BMO for 5.75%until Aug 31 2024.

I thought this was something new until I found this thread and also references to it on the RFD forum. Looks like it's a special account is required, "Savings Amplifier".

Anyone have experience with this sceme? I wonder if it's worth moving some money there for 3 months? Regular interest on the account is stated at 1.9%.

May 3, 2024
10:26 am
The Rock
Member
Members
Forum Posts: 115
Member Since:
December 22, 2022
sp_UserOfflineSmall Offline
May 4, 2024
5:41 pm
MattS
Member
Members
Forum Posts: 152
Member Since:
January 11, 2020
sp_UserOfflineSmall Offline

Considering BMO makes over a billion in profit every 90 days it’s a shame they won’t help the people who lost 1.5 million . It’s literally a small rounding error for them but these small losses can be devastating to an individual

May 5, 2024
12:52 pm
Norman1
Member
Members
Forum Posts: 7043
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

It would be a dumb thing for BMO to pay such claims when the ombudsman and police have found no fault with the bank.

I could say the same for a friend's insurance company that refused to pay extra when the rebuilding costs after a fire turned out to be $200,000 more than the insurance company was offering to payout.

He saw a lawyer and was told insurance company is not doing anythng wrong. Replacement value insurance is not a blank cheque from the insurance company. If one buys $1 million of fire insurance with the replacement value option, the $1 million limit still applies. Doesn't matter if it would now cost $1.2 million to rebuild the house or buy replacemnt. No legal grounds to get another $200,000 from the insurance company.

Please write your comments in the forum.