BMO CD Rates: 4.30% 12 Month, 3.90% 24, 36, 48 Month, 4.00% 60 Month Term (Nationwide)

Find the latest BMO CD Rates, Offers, and Promotions here.

Best CD Rates: 4.30% 12 Month, 3.90% 24, 36, 48 Month, 4.00% 60 Month Term CD, No minimum

Availability: Nationwide except AZ, IL, IN, KS, MN, MO, or WI

Editor’s Note: Interested in opening a checking account? See our review of the BMO checking account and earn a bonus when you sign up and meet the requirements!

Update 11/7/24: Rates have overall decreased but offer some decent rates for the long term.

About BMO

Established in 1882, BMO has over 600 locations throughout Arizona, Florida, Illinois, Indiana, Kansas, Missouri, Minnesota, and Wisconsin. They are the 2nd largest bank in the State of Illinois where they are headquartered(Chicago). BMO Bank offers a variety of checking and savings accounts, including Money Market, CD, and IRA products.

For their checking accounts, BMO expands its reach by joining the Allpoint ATM network, which gives you access to about 40,000 fee-free ATMs. They also offer online and mobile tools to help you take care of most banking tasks without needing to go in-branch.

*The above information and rates are accurate as of 11/7/2024.

BMO CD Rates

CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Usually the longer of a term, the higher APY rate you make.

With as little as $0.01, you can invest in a BMO CD account to maximize your earnings. Compare their offering now to find the solutions that fit best with your savings goals.

If you’re interested in making a higher rate than a traditional savings account then make sure to check out the CD rates.

• Availability: Nationwide
• Minimum deposit: None
• Maximum deposit: None listed
• Early withdrawal penalty: None, absolutely no penalty at all! Withdrawals may be made 7 days after opening.

(Visit BMO to learn more)

Think of a no-penalty CD as a better version than a traditional certificate of deposit. Like its name suggests, a no-penalty CD does not impose early withdrawal penalties if you need to tap your savings before the term is complete.

No-penalty CDs aka liquid CDs, offers considerable liquidity by allowing you access to your deposited funds at anytime, with no penalty! While no-penalty CDs typically offer lower rates than fixed-term CDs, they still provide a higher rate than most regular savings accounts.

If you do need to break up your no-penalty CD before the term is over, you’ll have to take out its full value. You also cannot make incremental, top-up deposits after the first purchase.

BMO CD Features

• Your money is safe and secure: Your deposit is FDIC insured, so your money is protected.
• Financial history you can count on: Feel secure knowing you’re backed by over 200 years of trusted banking.
• Competitive CD rates: Let your money grow with some of the best high-rate and secure CDs in the country.
• View your BMO Certificate of Deposit online: With BMO Digital Banking, it’s easy to view your account online, anywhere, anytime

Bottom Line

With a unique selection of CD lengths to choose from, you can be sure to find an account that best fits all your banking needs. Take advantage of a low required minimum balance of just $1,000.

For example accounts like Certificate of Deposits, Savings Accounts, and Loan services. The rates are worth a look, but always compare them with the nation’s best using our guides: CD Rates | Savings Rates.

For more, see the latest banking offers from BMO Bank.

This is a great opportunity to invest in a high-interest CD from BMO. However, you may want to compare them with our best CD Rates:

• Best 6-Month CD Rates
• Best 9-Month CD Rates
• Best 12-Month CD Rates
• Best 18-Month CD Rates
• Best 24-Month CD Rates
• Best 36-Month CD Rates
• Best 48-Month CD Rates
• Best 60-Month CD Rates
• Best No Penalty CD Rates

You might even find yourself earning more than a regular savings account. Be sure to apply as soon as you can to start your new account experience. Check back often for the latest BMO CD rates!

Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.