U.S Dollar Premium Rate Savings Account

Navigation skipped

Benefits

Earn interest on your U.S. dollars and more

0.050% interest rate^*12
Earn daily interest on every dollar
Include in any bank plan
Include this account with any chequing account and pay one monthly Plan fee^*1,^*3
Save in U . S . dollars
Access your money whenever you need it
Manage your savings with B M O Savings Goals
Save for a vacation or a big purchase with our new Mobile Banking feature, BMO Savings Goals

Fees

Explore the fees for the U.S. Dollar Premium Rate Savings Account


Transaction type	Fee
Monthly account fee	Fee based on Plan limits
Interest rate	*0.050% interest rate^12**
Monthly savings requirement	$0
Number of transactions per month	*Transactions based on Plan limits^7,^25*
Maximum number of accounts	1 with Practical Plan *20 with all other Plans^1,^3*
Eligibility with Plans^*3	Can be included in any Bank Plan

Full disclosure for the B M O U . S . dollar Premium Rate Savings account

MORE DETAILS

Save smarter with our savings calculator

Calculate your savings and reach your goals faster.

Get started

Helping you make real financial progress

3,300 + no fee A T Ms

Bank at BMO ATMs for no fee and visit us for personalized support at a branch.

Award-winning digital banking

Explore features like B M O CreditView^®, BMO Savings Goals, and B M O QuickPay.

Interactive financial tools like B M O SmartProgress^™

Learn more about everyday banking, saving, investing, budgeting, home buying, and more on our interactive learning platform.

Mobile

Easy, secure digital banking

Click to download on the Apple Store

Click to download on Google Play

Award-winning mobile banking

Recognized for Excellence in Digital Banking for a third year in a row.

Honoured for digital money management features and account alerts.

Awarded for B M O CashTrack, an artificial intelligence (A I) driven capability.

Compare savings accounts to find the right one for you

Choose a B M O savings account that meets your unique needs.

Compare savings accounts

U.S Dollar Premium Rate Savings Account FAQs

A U.S. Dollar Premium Rate Savings Account functions like a regular savings account where you can store your money and earn interest, but with added perks. BMO’s U.S. Dollar Premium Rate Savings Account is a good savings option for frequent travellers to the U.S. that want to save and earn interest on their U.S. money. You get the flexibility and convenience of accessing your money whenever you need it. Plus, it can be paired with any BMO chequing account, so you only pay one monthly account fee.
Yes, you can. If you’re an existing B M O customer, you can sign in to Online Banking to add the Premium Rate Savings Account.
If you’re new to B M O, you’ll need to get a chequing account with us first^*100 before you can add the U . S . Dollar Premium Rate Savings Account.
The good news is that the U . S . Dollar Premium Rate Savings account can be added to your Chequing Plan and you pay only one monthly fee. If you don’t want a chequing account but just want a U . S . Dollar Premium Rate Savings account, you’ll have to visit a branch. If you already have a Chequing Plan, you can open a U . S . Dollar Premium Rate Savings account online in B M O Online Banking or the B M O Mobile app. Plan and transaction fees on your chequing account will vary depending on the Plan you choose. See our chequing accounts to choose the one best suited to you.
This will depend on the bank Plan for the BMO chequing account that you have. Transaction limits are shared among these two accounts.
B M O 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 bonus interest rate when you open a Savings Amplifier Account and a B M O chequing account.
- Savings Builder: Get a base interest rate each month to maximize your savings and one free transfer a month. You can earn additional interest when you increase your monthly balance by at least $200 each month.
- U . S . Dollar Premium Rate Savings: Open this account together with a B M O 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?
Yes, the U . S . Dollar Premium Rate Savings account can be added to Family Bundle. See how Family Bundle can save you fees and better manage your finances.
Have more questions? Visit our Contact Us page.
What are the interest rates on your savings accounts?
Take a look at our current savings interest rates on our main Savings Accounts 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.