BMO targeted promo 3.25% until April 30, 2019 on new Smart Saver Accounts | General comparisons | Discussion forum

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BMO targeted promo 3.25% until April 30, 2019 on new Smart Saver Accounts
January 22, 2019
8:19 am
GR
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BMO has a promo for (existing?) clients opening a new Smart Saver Account. This is apparently a targeted offer via email, online banking or by a BMO employee. Account interest 3.25% p.a. until April 30, 2019. One free transfer out per month; $5 each withdrawal or additional transfer out per month.

January 28, 2019
4:12 pm
Calan
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Thanks for the heads up! I got this offer as well. Pretty decent rate but withdrawals have to be carefully planned with only 1 free withdrawal per month.

January 28, 2019
5:24 pm
stoidi
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January 25, 2019
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Hi there. I deal with BMO but not a Smart Saver Account. I used to have a CU Account that had limits on the savings account withdrawals BUT moving/transferring funds to a chequing account did not count. You might want to ask BMO.

February 3, 2019
5:36 pm
rfdm4g4g9
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Yes . Here is the link.

https://www.bmo.com/main/personal/bank-accounts/savingsbonus/

It is targeted, but no harm in trying it out for a small am to see if it works for you or not.

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

Earn 3.25% until Tuesday, April 30, 2019. For every dollar that you deposit into a Qualifying Smart Saver Account, you are eligible to earn a bonus interest rate.

The bonus interest rate (‘offer’) begins on Monday, January 14, 2019 at 12:00 AM ET and ends on Tuesday, April 30, 2019 at 11:59 PM ET.
The offer is only applicable on a new Smart Saver Account opened during the bonus period (Monday, January 14, 2019 to Tuesday, April 30, 2019) using the exclusive URL provided. For clarity purposes Smart Saver accounts opened through any other method do not qualify; Savings Builder, Premium Rate Savings & US$ Premium Rate Savings Account do not qualify for the offer.
The offer is available on deposits made between Monday, January 14, 2019 and Tuesday, April 30, 2019.

Interest Calculation:

The Qualifying Smart Saver Account will earn the bonus interest rate of 3.25% until Tuesday, April 30, 2019. After the bonus period ends on Tuesday, April 30, 2019, the Qualifying Smart Saver Accounts will earn interest on the Posted Rate as per the bank’s website.
For Qualifying Smart Saver Accounts opened during the offer period, the bonus rate is earned on the full daily closing balance up to a balance limit of $5,000,000.
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. Interest is paid in the same currency as the account. Interest rates are calculated on a per annum basis.
The bonus interest rate & posted rate may change any time without any prior notice.

General:

This offer is non-transferable and available only if you have been presented the offer via an email or through online banking or by a BMO employee.
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.
1 Interest is calculated on the daily account closing balance and paid monthly on the last business day of the month. Interest is paid in the same currency as the account. Interest rates are calculated on a per annum basis. The bonus interest rate & posted rate may change any time without any prior notice. Posted rate to be applied on Smart Saver Account after the offer period
2 Includes one transfer from the Smart Saver Account and $5 for each withdrawal or additional transfer out

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