Savings Amplifier Account
Earn a competitive interest rate and pay no monthly plan fee with our high-interest savings account (HISA).
Get a promo interest rate of . footnote 1
benefits
Get a high interest rate, pay no monthly plan fee, and more
Pay no monthly plan fee or minimum deposit
$0 monthly plan fee and $0 minimum deposit required to get started.
Get unlimited self-serve transfers
Make transfers to your other BMO accounts any time, including mobile and online transfers, and ATM.*99
Manage your savings with BMO Savings Goals
Save for a vacation, or a big purchase with our new Mobile Banking feature, BMO Savings Goals.
Rates and Fees
Explore the features of the Savings Amplifier Account
| Features | Details |
|---|---|
Monthly fee | $0 |
Withdrawal | $5 |
| Funds transfer (Digital and ATM) | $0 |
| Funds transfer (Branch and Virtual Connect associate) | $5 |
| Pre-Authorized Debit | $5 |
| Interest rate | *12 |
| Monthly savings requirement | $0 |
Full disclosure for the BMO Savings Amplifier account.
Find out how much you could save with our savings calculator
Learn how to reach your savings goals and how much interest you could earn on your savings with our simple calculator.
Helping you make real financial progress
3,300 + no fee ATMs
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Award-winning digital banking
Explore features like BMO Credit Coach, BMO Savings Goals, and BMO QuickPay.
Interactive financial tools like BMO SmartProgress™
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Savings Amplifier Account FAQs
A Savings Amplifier Account is BMO’s high interest savings account (HISA) designed to help you grow your savings while keeping your money accessible. It offers a promotional interest rate for 4 months, no monthly plan fee, unlimited self-serve transfers between BMO accounts, and tools like BMO Savings Goals to help you save for future goals. Enjoy our promotional interest rate when you open the Savings Amplifier Account together with an eligible BMO chequing account.
A high-interest savings account (HISA), also known as a high-yield savings account, is a type of bank account that offers interest rates that are above and beyond what you'd typically find with traditional savings accounts. Commonly available at major banks, credit unions and digital banks in Canada, these accounts aim to motivate individuals to grow their savings by offering competitive interest rates.
The Savings Amplifier Account includes a $0 monthly plan fee, a $0 minimum opening deposit, and no fees on any self-serve transfers to your other BMO accounts. A $5 fee applies for each pre-authorized debit, cash withdrawals, and transfers made in branch or with a Telephone Banking associate.
BMO offers several savings accounts, including:
- Savings Amplifier: Earn a competitive interest rate and get unlimited self-serve transfers with no monthly fees. You can earn a promotional interest rate* when you open a Savings Amplifier Account and a BMO chequing account.
- Premium Rate Savings: Open this account together with a BMO chequing account under the same plan. Earn daily interest on every dollar. Transaction fees vary depending on the plan you choose.
- U.S. Dollar Premium Rate Savings: Open this account together with a BMO chequing account under the same plan. Save in U.S. dollars and earn interest. Transaction fees vary depending on the plan you choose.
Can I add this savings account to Family Bundle?
Sorry, but this savings account is not eligible for Family Bundle. Only Premium Rate Savings and U.S. Dollar Premium Rate Savings accounts can be added to Family Bundle.
What are the interest rates on your savings accounts?
Take a look at our current savings interest rates on our main bank account interest rates page.
Explore our resources for savings accounts
What is a savings account? Here’s why you need one
A savings account may sound straightforward – a place to store your money for the future – but there’s more to it than that.
High interest savings accounts (HISAs) explained in 2025
Can a HISA help you grow your savings and meet your financial goals? We take a deeper look at the benefits and limitations of this popular savings account.
The different types of saving accounts and their benefits
Savings accounts are a great tool for saving money and earning interest. Learn about the types of accounts available in Canada.
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Footnote 1 details Learn more about BMO's Promotional Rate Offer.