BMO Harris Bank Special CD Rates
BMO Harris Bank, also known as Bank of Montreal Harris Bank, offers a range of certificate of deposit (CD) rates and terms to meet the needs of its customers. These rates and terms are subject to change, so it is important to check the bank's website with the CD rates listed below.
The current regular CD rates offered by BMO Harris Bank include:
It's worth noting that the bank's regular CD rates are definitely lower than those offered by other banks, but they still offer some benefits.
One of the main benefits of investing in a CD is the guaranteed return on investment. Unlike other investment options such as stocks or mutual funds, CDs offer a fixed rate of return that is guaranteed by the bank. This can provide peace of mind for customers who are looking for a safe, low-risk investment option.
Another advantage of investing in a CD is the ability to earn a higher rate of return than a regular online savings account. CDs require investors to lock-up their money for a set period of time, usually several months or years. In exchange for this commitment, the bank offers a higher rate of return than it would on a savings account.
Special CD rates offered by BMO Harris Bank include:
When it comes to the term of a CD, customers have a range of options to choose from. Short-term CDs, such as the 3-month or 6-month options offered by BMO Harris Bank, are ideal for customers who need access to their money in the near future. On the other hand, longer-term CDs, such as the 60-month option, can provide a higher CD rate of return but require customers to lock up their money for a longer period of time.
It's worth noting that BMO Harris Bank also offers a variety of other investment options, such as savings accounts, money market accounts, and individual retirement accounts (IRAs), which can be a good choice for customers who want more flexibility with their money.
In summary, BMO Harris Bank offers a range of CD rates and terms that can meet the needs of its customers. The bank's CD rates tend to be lower than those offered by other banks, but they still offer some benefits such as guaranteed return on investment and the ability to earn a higher rate of return than a traditional savings account.
With a range of term options available, customers can choose a CD that best meets their investment goals and needs. Additionally, the bank also offers other investment options, such as savings accounts, money market accounts, and individual retirement accounts (IRAs), which can be a good choice for customers who want more flexibility with their money.
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