Last Updated: 04/18/2025
BMO Harris Bank Premier Platinum Money Market Account
Claimed
in Money Market Accounts from BMO
Last Updated: 04/18/2025
Not enough votes for recommendation
Rating not yet determined2 total votes
Cast Your Vote
Compare All Money Market Accounts
Filter & compare all your options in one place.
Highlights
APY (Annual Percentage Yield)
0.05% - 1.9%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Balance to Earn APY
$0.01
Minimum Opening Deposit
Starting at $2,500
BMO Harris Bank Premier Platinum Money Market Account Review
BMO Harris Bank Premier Platinum Money Market Account is offered by BMO, a bank founded in 1882 and based in Chicago, IL. BMO Harris Platinum money market account are available in 50 states and Washington, DC.
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 1.9%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $0.01.
- Charges a monthly fee. This account charges a monthly fee of up to $15, but the fee may be waived if you keep a minimum balance of$2,500.
- High minumum opening deposit. You must deposit a minimum of $2,500, which is high compared to most money market accounts.
Pros & Cons of BMO Harris Bank Premier Platinum Money Market Account
| Pros | Cons |
|
BMO Harris Bank Premier Platinum Money Market Account FAQ
Are money market accounts from BMO federally insured?
Yes, your deposits are insured by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What are the interest rates for BMO Harris Platinum money market account rates?
BMO Harris Platinum money market account offers an APY starting at 0.05% and ranging up to 1.9% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $0.01.
| Rates | Amount |
| APY (Annualized Percentage Yield) | 0.05% - 1.9% |
What are the fees for BMO Harris Bank Premier Platinum Money Market Account?
This account charges a monthly maintenance fee of up to $15. You can avoid this fee by maintaining a balance of $2,500.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 - $15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $36 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for BMO Harris Platinum money market account?
Minimum deposit of $2,500. You must make an initial deposit of at least $2,500 to open this account.
Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $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 Platinum money market account offer?
This account includes the following features:
- Check images with statement - Reconciiling your account and complying with document retention standards is easier when you have access to a copy of your checks.
- Fraud monitoring - BMO monitors transactions for potentially fraudulent activity.
- Mobile Banking Services - BMO Harris Platinum money market account allows you to manage your money through online banking and a dedicated mobile app.
- Nationwide ATM network - BMO Harris Platinum money market account allows you to access your money from an ATM, a convenient feature only a few offer.
What is the customer service phone number?
The customer service number for this account is (888) 340-2265.
How to open an account with BMO
- Visit the BMO 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.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.