Log In
Register
Topic RSS
Facebook
Twitter
Email this10:42 am
April 6, 2013
Offline
agit said
Just spoke with BMO the "ISA 4.76%" is only available to BMO Private Wealth client.
Thanks Norman1 for the info.. wow 0.41% between the 2
BMT104 pays a trailer to the dealer of up to 0.25% per annum. That trailer will be given to the client when client pays the advisor directly.
If the BMO Private Wealth advisor is an investment counsellor or portfolio manager, client will be paying a management fee directly of around 1% to 2% per year. That 0.41% improvement is then the trailer plus a bit of management fee back.
BMO Private Wealth is for those with $500,000+ to invest. Their Contact Us form has this footnote for the "Investable assets" field:
*If you currently have less than $500,000, please reach out to one of our [BMO branch] financial planners who will be more than happy to help. Contact a BMO financial planner.
BMO financial planners are a role under BMO Financial Group and are not registered with the entities within BMO Private Wealth.
6:59 am
June 27, 2019
Offline
fsabbagh said
I am thinking of locking in my money in the GICs offered. I’ve been usin ISA for a while but feel we are peaking in rates.
Boy was I wrong on that. Luckily, I didn't lock into a GIC.
9:15 am
September 30, 2017
Offline
US$ version series A is 4.40% (0.60% gap from CA$ version)
... expect TD to follow soon
1:11 pm
October 27, 2013
Offline
All the USD versions of the ISAs will be dropping in the order of 50bp as a result of yesterday's 50bp drop in the Fed overnight rate. The CAD versions follow the BoC rate in some correlation while the USD versions follow the US Fed in some pattern.
No rocket science on any of these.
10:11 am
November 3, 2022
Offline
Now that the Fed has raised US interest rates, anyone care to suggest when can we expect to see an upward move in USD ISA rates?
12:26 pm
October 27, 2013
Offline
Rail Baron said
Now that the Fed has raised US interest rates, anyone care to suggest when can we expect to see an upward move in USD ISA rates?
Less predictable I think than for CAD ISA rates because there is far less competition, but I would speculate as early as next week for a few. Perhaps upwards of a month for others depending on when the investments backing these deposit rates move up, e.g. 30 day Tbills, commercial paper, etc, etc.
I have BMT124 (BMO's Series A USD ISA) and DYN6005 (Scotia's Series F USD ISA) so will check sometime next week when I am likely in my accounts for one reason or another. I am not holding my breath.
2:00 pm
September 7, 2018
Offline
I have DYN6004 and DYN 6005 (USD) at iTrade.
I am likely moving to BMO Investorline but will need to sell these 2 DYN funds as they are not moveable to Investorline.
Questions to anyone who uses Investorline
1. are there exact equivalent ISAs at Investorline?
2. if so, what are the interest rates at Investorline? Are they same, better or worse than at iTrade for these ISAs? I did not get a clear answer from Investorline on rates, but I have a feeling Investorline ISA rates may be lower than iTrade.
It is easy to find the iTrade ISA rates online, but I can't find the BMT rates with google searching.
2:06 pm
October 27, 2013
Offline
BMOIL won't sell the F series BMT offerings to you, only the A series with 25bp trailer fee (which thus results in yield to you 25bp less than the DYN6004 and DYN6005 at iTrade).
Series A BMT104 (CAD) and BMT124 (USD). BMO does not advertise these rates anywhere except to existing clients with accounts. BMOIL and Scotia iTrade are generally in lockstep with each other on Series A offerings.
What I do at BMO IL instead for CAD, is to buy their Series F MMF BMO95142 instead of BMT104. In effect, just as good an offering but, but no CDIC insurance for the MMF offering.
9:00 pm
April 6, 2013
Offline
The yields for the BMO brokerage ISA's are not available publicly. These are from my BMO InvestorLine account:
| Code/Desc. | Rate | Initial purchase |
Subsequent purchase |
CDIC eligible |
| BMT104 BMO CAD High Interest Savings |
1.95% | 500 C | 0 C | Yes |
| BMT109 BMMC CAD High Interest Savings |
||||
| BMT114 TrustCo CAD High Interest Savings |
||||
| BMT124 BMO USD High Interest Savings |
3.40% | 500 U | 0 U | Yes |
| BMT129 BMMC USD High Interest Savings |
||||
| BMT134 TrustCo USD High Interest Savings |
9:35 pm
October 27, 2013
Offline
Compare BMT104 @1.95% vs MMF BMO95142 @ 2.4% as of Aug 31. Hence why I use the MMF instead at BMO IL.
5:03 am
September 7, 2018
Offline
Thanks for this info re BMO IL. Appears that iTrade and BMO IL are very similar - however iTrade still charges 9.99 commission per stock/etf trade while BMO IL has dropped that commission to 0.
3:24 pm
December 20, 2016
Offline
AltaRed said
... MMF BMO95142 @ 2.4% as of Aug 31. ... the MMF instead at BMO IL.
Would you share how to navigate to BMO95142 in the Trade menu of BMO IL?
Thanks,
Stephen
3:30 pm
October 27, 2013
Offline
It is under the Mutual Funds tab once you select Trade. Simply enter BMO95142 in the Symbol box, Buy or Sell, how much you wish to buy or sell, and voila...done.
3:56 pm
December 20, 2016
Offline
AltaRed said
It is under the Mutual Funds tab once you select Trade. Simply enter BMO95142 in the Symbol box, Buy or Sell, how much you wish to buy or sell, and voila...done.
That's what I thought, but with no result. I keep getting "no results found"
I get a listing of BMO ETF's like BMO14700 etc...in the Mutual fund symbol box
Stephen
4:09 pm
December 20, 2016
Offline
OOOps!!! my typo when entering the fund code was my problem....tired old fingers
Thanks for the info AltaRed!
Stephen
5:01 pm
September 30, 2017
Offline
Good grief, I'm two years older since my previous entry here! @Norman1, I'm posting these data points to your thread now. We should still keep the back and forth discussion here.
1:46 pm
November 3, 2022
Offline
Royal Bank has raised its US ISA rates by 25 points last week.
But Scotia's US ISA rate has not budged yet.
How long should I wait before shifting my money?
UPDATE: Scotia is now at 3.65% for Series F USD ISA's. I shall keep my funds where they are.
