BMO Harris Bank offers several options for those interested in CD investing, but you’ll need at least $1,000 to open a standard term CD. If you have more you can invest, you’ll be rewarded with higher BMO CD rates. The CD Specials offer other terms with competitive APYs, but you have to deposit a minimum of $5,000.

Overall, BMO Harris earned a 3.4 out of 5 in Bankrate’s banking review, but the CD rates continue to be the area where this bank could improve compared to other banks.

BMO Harris CD rates

BMO Harris offers several CD account options. You can choose a Standard CD if you have a minimum of $1,000 to invest. If you have $5,000 or more to invest, you can lock in a CD Special with higher APYs.

Standard CD

If you’re looking for an everyday, no-frills choice for a CD investment, BMO Harris offers the Standard CD. With term length starting at three months and a minimum of $1,000 investment, you can quickly be on your way to opening your CD.

Account name Term APY Minimum deposit
Standard CD 3 months 0.05% $1,000
Standard CD 6 months 1.40% $1,000
Standard CD 9 months 1.70% $1,000
Standard CD 12 months 2.05% $1,000
Standard CD 18 months 2.20% $1,000
Standard CD 24 months 2.40% $1,000
Standard CD 30 months 2.45% $1,000
Standard CD 36 months 2.50% $1,000
Standard CD 48 months 2.60% $1,000
Standard CD 60 months 2.85% $1,000

Special Rate CD

If you have a minimum of $5,000 to invest, BMO Harris offers a Special Rate CD.

Account name Term APY Minimum deposit
Special rate CD 13 months 2.05% $5,000
Special rate CD 25 months 2.40% $5,000
Special rate CD 35 months 2.50% $5,000
Special rate CD 45 months 2.60% $5,000
Special rate CD 59 months 2.85% $5,000

Note: The APYs (Annual Percentage Yield) shown are as of July 19, 2022 and may vary by region. **APY is unavailable in Arizona, Florida, Illinois, Indiana, Kansas, Minnesota, Missouri and Wisconsin.

How BMO Harris compares to top-yielding banks

BMO Harris offers several options for other CD terms, including shorter three- or six-month CDs. When you compare the CD terms to other banks, such as Citizens Access or Limelight Bank, BMO Harris has more choices for CD terms. BMO Harris’ CD yields are generally competitive and above the national average for CD rates.

Other savings options at BMO Harris

BMO Harris offers a liquid savings option in case you need to access your money at any time. The BMO Harris Savings Builder Account only requires a $25 minimum to open. But in the markets we looked at, the yield  was 0.01 percent APY.

BMO Harris also had bank account bonuses at the time this article was written.