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Smart Saver Account



Save for longer-term goals and earn a competitive interest rate on every dollar in the account, no matter what your balanceLink will open in new window3.



Existing customer?
Interest on all balancesLink will open in new window3
Monthly savings requirement



Account benefits

  • Is this account right for me?

  • Monthly fee

    • No monthly fee
  • Transaction fees

    • Includes one transfer from the Smart Saver Account and $5 for each withdrawal or additional transfer out
  • Additional accounts

    • Add as many Smart Saver Accounts as you need

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

Let's get to your goal




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.


This high interest savings accountLink will open in new window1 helps you set aside money for short-term goals like vacations, or to establish an emergency fund in case you need it.






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