Certificate of Deposit (CDs)
Like guaranteed growth, locked-in interest rates and complete protection against the variability of the markets? BMO CDs are for you if you want competitive CD rates and flexible term options in exchange for storing your money longer.
What is a certificate of deposit?
A certificate of deposit – also known as a CD – is a type of savings account that pays a fixed interest rate on money held for a specific amount of time. In exchange for committing to keep your funds untouched during this period, you earn a reliable yield. So, even if the market is unpredictable, your yield stays the same until your CD’s term is up at maturity.
- $0
Monthly maintenance fee
- Variety of terms
1 to 60 month terms available
- Fixed rate
Guaranteed growth for the term of the CD
Get a full breakdown of the account fees, terms and agreements
Lock in these CD Specials when you open today
Enjoy guaranteed growth with our CD specials.
Up to Annual Percentage Yield (APY) footnote 1- $1,000 minimum deposit
- 5 available terms
- Auto-renewal into a standard CD after maturity, with a grace period of 10 calendar days to make changes
Rates effective as of .
APY footnote 1 with a 13-month term
APY footnote 1 with a 25-month term
APY footnote 1 with a 35-month term
APY footnote 1 with a 45-month term
APY footnote 1 with a 59-month term
Standard CD
Take advantage of a variety of rate and term options to meet your savings goals.
Rates effective as of .
APY footnote 1 | Term | Minimum Deposit |
|---|---|---|
| 1 month | $100,000 |
| 2 months | $100,000 |
3 months | $1,000 | |
6 months | $1,000 | |
9 months | $1,000 | |
12 months | $1,000 | |
18 months | $1,000 | |
24 months | $1,000 | |
30 months | $1,000 | |
36 months | $1,000 | |
48 months | $1,000 | |
60 months | $1,000 |
CD closing and withdrawal: CDs may only be closed or funds withdrawn by contacting a financial center or Customer Contact Center at 1-800-546-6101. CD funds may be transferred to another BMO deposit account or a check mailed to the address listed on the CD account.
Prefer to open a CD account in person? We're here to help.
Save with a guarantee
Get our competitive rates of return
Let your money grow with our high-rate secure CDs.
Security however you bank footnote 2
Whether you bank via mobile footnote 3 , online or telephone, all your banking methods are convenient and secure.
FDIC Insured footnote 4
Enjoy peace of mind knowing that your money is safe and secure.
Is a Certificate of Deposit (CD) right for you?
Compare the features of savings products to find the saving solution that fits you best.
Certificate of Deposit (CD) FAQs
At BMO, there is no monthly maintenance fee on a CD. There are only fees if you withdraw money before the CD’s maturity. Get all the information in the CD Deposit Account Disclosure.
The minimum opening deposit will vary by the type and term of the CD.
Our current CD rates are shown on our CD main page.
If you close your CD prior to maturity, you will pay an early withdrawal penalty as detailed in the Deposit Account Disclosure. With all CDs, you cannot change the term of your CD until it matures unless you close the CD and pay the early withdrawal penalty.
You’ll be mailed a notice before the CD matures, and you can also find your CD account details in BMO Digital Banking. You’ll have ten calendar days from the maturity date to withdraw funds without paying an early withdrawal penalty.
Resources for your savings journey
Certificate of Deposits (CDs) Explained in 2026
We examine the CD, its benefits, potential limitations, and help you determine how the tool fits into your total savings portfolio.
What is a CD ladder?
Check out our informative guide to CD ladders, how they work and how you can take advantage of this flexible savings strategy.
CDs vs Money Market accounts: Which one should you choose?
Growing your money isn’t just about how much you earn – it’s also about how much you save.
Need support?
That’s what we’re here for.
Call us
Give us a call if you have any questions or you’re ready to open an account.
Visit us
Come into one of our BMO financial centers to open your account in person.
Footnote 1 details Early withdrawal penalties may apply. Annual Percentage Yields (APYs) are accurate as of and are subject to change at any time. For current rate information, contact your banker or call us at 1-800-546-6101. To receive these APYs, you must open your account online, by phone at 1-888-340-2265, or at a financial center. The minimum balance to obtain the APY is the minimum balance indicated to open the account. CDs opened online can only be in individual or joint ownership and cannot be for an IRA. For CDs opened online, funds may not be withdrawn for 15 calendar days after funding. For CDs opened by phone, accounts must be funded within 10 business days of application, and funds may not be withdrawn for 15 calendar days after funding. Please visit www.fdic.gov for current FDIC insurance limits.
Footnote 2 details Visit the BMO Security Center for details.
Footnote 3 details Message and data rates may apply. Contact your wireless carrier for details.
Footnote 2 details Please visit www.fdic.gov for current FDIC insurance limits.