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HomePersonal BankingWealth ManagementSmall BusinessCommercialCorporate & InstitutionalAbout BMO

Business Premium Rate Savings Account

Grow Surplus Cash You Can Access When You Need It

A convenient interest-bearing savings account, to use in conjunction with your business current account that earns interest without locking in your funds.

Account features that offer easy access to funds

  • Earn interest every day on:
    • Canadian dollar account balances up to $50,000,000
    • US dollar1 account balances up to $5,000,000
  • No minimum balance required
  • Unlimited transfers made by you in-branch, by telephone, by ATM or online to your business account
  • Monthly eStatement

Account Fees2: Pay only for the services you use

Currency of Account, interest fees payable in: CDN$ US$
Deposit fee per transaction3
Branch deposits $1.25 $1.25
ATM deposits $1.25 N/A
Point of sale N/A N/A
Debit card return/reversal Free N/A
Pre-authorized credits/Electronic Funds Transfer $1.25 $1.25
Deposit contents fees
Notes (currency) on deposit (per $1,000) $2.25 $2.25
Coin on deposit (per $100, USD accepted at CDN $ par) $2.25 $2.25
Items on deposit – (per item, e.g. cheque) – Value for U.S. dollar items deposited to U.S. dollar accounts will be delayed from one to three business days to allow for clearing and international settlement. $0.20 $0.20
Account debit per transaction3
Cheque N/A N/A
Pre-authorized payment/Electronic Funds Transfer N/A N/A
Debit card purchase N/A N/A
ATM withdrawal $5.00 N/A
Branch withdrawal $5.00 $5.00
Bill payment (branch or via debit card) $5.00 $5.00
Customer Initiated transfer via branch or via debit card Free Free
Monthly eStatement Free Free
Monthly Paper Statement Fee $2.00 $2.00

Terms and Conditions

Prime Rate %