Latest BMO Bank USA Interest Rates - September 2026

BMO Bank USA Interest Rates & Loan Products Overview

Quick Summary: Comprehensive review of retail banking yields, base benchmark rates, and consumer financing products offered nationwide by BMO Bank N.A. (BMO_US):

Key Benchmark & Deposit Rates:

• Reference Prime Rate: Stands at 6.75%, indexing floating consumer loans, home equity credit lines (HELOC), and revolving lines of credit.
• Savings & CDs: Standard Savings accounts yield a base 0.01% APY (Growth Money Market yields up to 2.76% APY with relationship checking). Standard Fixed-Rate CDs yield 0.05% APY for short terms (3–9 months) and 0.75% APY for 12 to 36 months, while featured Special Relationship CDs offer promotional yields up to 2.50% – 3.00% APY for terms between 13 and 59 months.

Consumer Loans & Retail Financing:

• Mortgage Loans: Standard 30-Year Fixed purchase rates start around 6.625% (approx. 6.716% APR), alongside 15-Year Fixed and adjustable-rate mortgages (ARM) with maximum terms up to 30 years and zero prepayment penalties. Borrowers can obtain up to $1,000 in closing cost credits plus an interest rate reduction of 0.125% via Auto Pay from an active BMO checking account.
• Home Equity & Personal Credit: BMO offers fixed-rate home equity installment loans starting at 7.99% APR (15-year term) and variable lines of credit with introductory rates as low as 5.24% APR for 6 months (7.44% to 14.81% APR thereafter, inclusive of a 0.25% AutoPay discount).
• Auto Financing: Direct consumer auto financing has been discontinued by BMO in the United States following the wind-down of its direct retail auto loan origination arm.
• Credit Cards: Consumer credit cards (e.g., BMO Platinum Credit Card) feature a 0% introductory APR for 15 months on purchases and qualifying balance transfers, followed by a regular variable APR ranging from 16.49% to 26.49% based on creditworthiness, with a 25-day grace period.

💡 Financial Tip: Exact promotional CD APYs, mortgage closing credits, and line of credit margins vary depending on geographic location, credit profile, and existing relationship tier. Verify localized terms directly on BMO.com prior to applying.