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Premium Rate Savings Account



A flexible everyday savings account that lets you access your money while still earning interest.



Existing customer?
Interest on all balancesLink will open in new window3
Monthly savings requirement
Open now
New customer? You will need a Chequing Account first



Account benefits

  • Is this account right for me?

    • A great option to help you reach your short-term savings goals.
  • Transaction Fees

    • Transaction fees based on plan limits

Not the right one? See our other Savings Accounts


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

- Celent

Live Agent & Automated Telephone Banking (Big Five Banks) award winner

- Ipsos Best Banking Awards

BMO Named to the Global 100 Most Sustainable Corporations in the World for Third Straight Year

- World Economic Forum



Ready to bank with us?

Did you know? You can now use your mobile device to open an account in a few moments!

Open an account online

Flexible and accessible




At BMO, we believe that money is personal. That's why we bring a human touch to everything we do, from a friendly hello to an intuitive mobile app.


We're here to help in ways both big and small, expected and unexpected. Because we’re people first—and bankers second—we know what it feels like to be understood, no matter how or where you bank with us.


That feeling you get when you get the help you need, when you need it? That's the BMO effect.


If you have a long-term savings goal, but also want to access your money at any time, you may want to try a Premium Rate Savings account.






The BMO difference





You can open a new BMO chequing account on your smartphone from wherever you are. As long as we’re able to verify your ID with the info you provide, there’s no need to visit a branch!





Enjoy tailored banking advice that fits your unique life needs





Open multiple accounts for you and your spouse/partner for one monthly feeLink will open in new window1 with PlanShare







See all bank accounts