BMO Bank of Montreal

BMO 5% interest promo for new clients

August 12th 2026

BMO has a bigger than usual promotion when you open a new chequing/savings account, up to $900 cash bonus and 5% interest for 120 days. Full terms: Unfortunately I don't qualify Existing Customers are not eligible for the Everyday Banking Offer. An “Existing Customer” is anyone who currently has a BMO Canadian or U.S. Dollar Primary Chequing Account, Canadian or U.S. Dollar Interest Chequing Account, Canadian or U.S. Dollar Premium Rate Savings Account, Smart Saver Account, Savings Builder Account, or Savings Amplifier Account (each an “Existing Account”) or anyone who closes their Existing Account between August 7, 2025 to November 2, 2026 and subsequently opens a new Chequing Account or Savings Account.

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