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BMO CD Rates for 2025

Review Updated
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Dana George
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Nathan Alderman
Fact Checked: Nathan Alderman
Nathan Alderman
Nathan Alderman
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Nathan Alderman has been a full-time Motley Fool employee since 2005, making errors his arch-enemies in a variety of roles including a six-year stint as the dedicated fact-checker for The Motley Fool's premium newsletter services. As Motley Fool Money's Compliance Lead, he makes sure that all the site's information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. A graduate of Northwestern University's Medill School of Journalism, Nathan spends his spare time volunteering for civic causes, writing and podcasting for fun, adoring his wife, and wrangling his two very large young children.

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Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. APY = Annual Percentage Yield.

BMO Bank, formerly BMO Harris, offers several options for those interested in opening a certificate of deposit (CD). However, there is a vast difference between those options. Here, we'll let you know what BMO Bank has to offer in the way of CDs, and help you decide whether it's the right choice for you.

BMO Bank CD rates for 2025

BMO Bank

BMO Bank
  • 6 APY: 0.05%
  • 12 APY: 1.50%
  • 18 APY: 1.20%
  • 24 APY: 1.20%
  • 36 APY: 1.00%
  • 48 APY: 1.00%
  • 60 APY: 1.00%
Show All Rates [+] Hide All Rates [-]
Rates as of April 22, 2025

APY = Annual Percentage Yield

Term
BMO Bank
6 Mo.
1 Yr.
1.5 Yr.
2 Yr.
3 Yr.
4 Yr.
5 Yr.
0.05%
1.50%
1.20%
1.20%
1.00%
1.00%
1.00%

Is a high-yield savings account a better option for you?

A high-interest savings account offers rates competitive with the best CDs accounts, but without having to lock your money away for months or even years at a time. Here are some top-rated high-yield savings account options from our experts.

Account APY Promotion Next Steps
up to 3.80%
Rate info Circle with letter I in it. SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.
Min. to earn: $0
New customers can earn up to a $300 bonus with qualifying direct deposits!
3.60%
Rate info Circle with letter I in it. See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of April 8, 2025. Rates are subject to change at any time before or after account opening.
Min. to earn: $0
N/A
4.00%
Rate info Circle with letter I in it. Balances less than $250,000 earn 4.00%, and balances greater than $250,000 earn 4.20%.
Min. to earn: $0
N/A
Open Account for Barclays Tiered Savings

On Barclays' Secure Website.

Disclaimers


BMO CD Specials

BMO CD Specials
  • 13 APY: 3.25%
  • 25 APY: 3.00%
  • 35 APY: 3.00%
  • 45 APY: 3.00%
  • 59 APY: 3.00%
Show All Rates [+] Hide All Rates [-]
Rates as of April 22, 2025

APY = Annual Percentage Yield

Term
BMO CD Specials
13 Mo.
25 Mo.
35 Mo.
45 Mo.
59 Mo.
3.25%
3.00%
3.00%
3.00%
3.00%

Compare BMO CD rates

If what you're looking for is a CD with rates competitive to some of the best CD rates on the market, compare a few CDs from other banks below. Each of these financial institutions are FDIC insured. This means that accounts are protected for up to $250,000, per depositor.

Rates as of April 22, 2025
Bank & CD Offer APY Term Min. Deposit Next Steps
LendingClub CD
Member FDIC.
Open Account for

On LendingClub's Secure Website.

APY:
4.10%
Term:
14 Months
Min. Deposit:
$500
Open Account for

On LendingClub's Secure Website.

Discover® Bank CD
Member FDIC.
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

APY:
4.00%
Term:
1 Year
Min. Deposit:
$0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

Western Alliance Bank CD
Open Account for

On Raisin's Secure Website.

APY:
4.00%
Term:
6 Months
Min. Deposit:
$1
Open Account for

On Raisin's Secure Website.

BMO Bank CD review

If you're saving for something special or planning for retirement, the guaranteed interest associated with a CD is attractive. Not all CDs are created equal, though. Here's a peek at the pros and cons of the two BMO CDs we've touched on.

BMO Bank

PROS

  • Three- to 60-month terms offered
  • No account set-up or maintenance fees

CONS

  • Low APYs
  • Branches available in only nine states
  • Other BMO CDs offer better rates
Rates as of April 22, 2025

APY = Annual Percentage Yield

Offer image for BMO Bank
BMO Bank
Bottom Line

BMO offers standard CDs with terms from 3 months to 5 years. There is a $1,000 minimum deposit required to open these CDs. Accounts are subject to approval. BMO Bank N.A.  Member FDIC

MINIMUM DEPOSIT $1,000
Read Review
6 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY
0.05% 1.50% 1.20% 1.20% 1.00% 1.00% 1.00%

BMO CD Specials

PROS

  • High interest rates
  • No account set-up or maintenance fees

CONS

  • Fewer terms to choose from that some of its competitors
  • Limited number of physical branches for those who prefer to bank in person
  • $1,000 minimum deposit could shut out smaller investors

Who is a BMO CD right for?

BMO CDs, particularly the CD Specials, are right for those who want to earn high interest without risking their principal.

Rates as of April 22, 2025

APY = Annual Percentage Yield

Offer image for BMO CD Specials
BMO CD Specials
Bottom Line

Accounts are subject to approval. BMO Bank N.A.  Member FDIC

MINIMUM DEPOSIT $1,000
Read Review
13 Mo. APY 25 Mo. APY 35 Mo. APY 45 Mo. APY 59 Mo. APY
3.25% 3.00% 3.00% 3.00% 3.00%

For each type of CD, the early withdrawal penalty can eat away or eliminate earnings. It's important to consider whether you can afford to leave your money for the entire term. Like any other investment, it pays to be disciplined in your approach.

Keep reading about BMO:

Our CDs methodology

At Motley Fool Money, certificates of deposit (CDs) are rated on a scale of one to five stars, primarily focusing on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.

Learn more about how Motley Fool Money rates bank accounts.

FAQs

  • If you're looking for a high APY, there's no question that CD Specials are your best option compared to BMO's Standard CD rates.

  • BMO is FDIC insured. That means that your funds are protected for up to $250,000.