BMO Savings Amplifier Account
Promotional rate
5.00%
for 120 days
0.50% after the promotional period
- Transactions: Unlimited free self-serve transfers to your other BMO accounts; Unlimited Transactions - not included
- Interac e-Transfers: Unlimited Interac e-Transfers - not included
- Minimum balance: No minimum balance required
- Monthly fee
- $0
- Regular rate
- 0.50%
- Deposit insurance
- CDIC protected up to $100,000
Reviewed by the CreditCardGuru Editorial Team
At a glance
- Promotional rate
- 5.00%
- Regular rate
- 0.50%
- Monthly fee
- $0
- Promo duration
- 120 days
- Minimum balance
- No minimum balance required
- Interest paid
- Paid monthly
Account details
- Monthly fee
- $0
- Regular rate
- 0.50%
- Promotional rate
- 5.00%
- Promo duration
- 120 days
- Minimum balance
- No minimum balance required
- Transactions included
- Unlimited free self-serve transfers to your other BMO accounts; Unlimited Transactions - not included
- Interac e-Transfers
- Unlimited Interac e-Transfers - not included
- E-statements
- Not included
- Interest calculated
- Calculated daily
- Interest paid
- Paid monthly
- Eligibility
- Eligible BMO chequing account required
- Deposit insurance
- CDIC protected up to $100,000
- Other benefits
- Unlimited free self-serve transfers to your other BMO accounts
Welcome offer: Promotional interest rate of 5.00% for 120 days when you open an eligible BMO chequing account.
Pros & cons
Pros
- No monthly fee
- Promotional rate of 5%
Cons
- Limited transactions
- Low regular interest rate
Terms & conditions
Rates and offers change. Every rate, fee, welcome offer and benefit on this page was accurate when last reviewed, but BMO can change or withdraw any of them at any time — sometimes without notice. Confirm the current terms on BMO's own website before you apply.
Eligibility is theirs to decide. Approval, credit limits, interest rates and welcome offers depend on your credit history and BMO's own criteria. Bonuses often exclude anyone who has held the account before, and usually require a minimum spend within a set period.
This is not advice. The reviews and ratings here are our editorial opinion, not financial, tax or legal advice, and not a recommendation for your circumstances. Speak to a qualified professional before making a financial decision.
How we make money. CreditCardGuru may earn a commission when you apply through links on this page. It never affects our ratings or what we write — see our advertiser disclosure and rating methodology.
CreditCardGuru is not affiliated with BMO. Trademarks belong to their respective owners.
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See detailsWritten by
CreditCardGuru Editorial Team
Rewards & Cards Research
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Cite this page
“BMO Savings Amplifier Account Review (2026)” — CreditCardGuru, https://creditcardguru.ca/banking/bmo-savings-amplifier-account, updated August 19, 2026.