BMO Harris Bank Platinum Money Market Account Review

BMO Harris Bank is based in Chicago, IL. It was founded in 1882 and offers its money market accounts in 8 states across the USA.

If you're considering a money market account and want to know whether BMO Harris Bank Platinum Money Market Account is right for you, read on.

Is BMO Harris Bank Platinum Money Market Account insured by the FDIC?

FDIC insured. BMO Harris Bank Platinum Money Market Account is a member of the Federal Deposit Insurance Corporation (FDIC). The FDIC insures deposits in money market accounts up to $250,000 per depositor if a member institution fails.

What are the BMO Harris Bank Platinum Money Market Account rates?

BMO Harris Bank Platinum Money Market Account offers an APY starting at .05% and ranging up to 1.90% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $.01.

What are the BMO Harris Bank Platinum Money Market Account fees?

BMO Harris Bank Platinum Money Market Account does not charge a monthly maintenance fee. This account charges a monthly maintenance fee of up to $15. You can avoid this fee by maintaining a balance of $2,500.

Federal regulations limit the number of transactions you can make from your money market account to six per month.

What is the minimum balance for BMO Harris Bank Platinum Money Market Account?

No minimum initial deposit. BMO Harris Bank does not require a minimum initial deposit to open an account.

Monthly maintenance minimum balance of $2,500. You can avoid the monthly fee if you keep a minimum balance $2,500.

Interest rate minimum balance of $0.01. You must keep the account balance above $0.01 to earn interest.

What features and perks does BMO Harris Bank Platinum Money Market Account offer?

This account does not seem to offer any of the features and perks we track.

How to open an account with BMO Harris Bank

• Visit the BMO Harris Bank website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.