BMO Bank of Montreal Boosts Premium Rate Savings Rate

TORONTO, September 24, 2007 – BMO Bank of Montreal announced today it has increased the interest rate earned on its Premium Rate Savings Account and Business Premium Rate Savings Account on deposits of $60,000 or more.

Effective September 25, 2007 the new rate is:

BMO Bank of Montreal announced today it has increased the interest rate earned on its Premium Rate Savings Account and Business Premium Rate Savings Account on deposits of $60,000 or more.

 

Effective September 25, 2007 the new rate is:

 

Premium Rate Savings Account

 

Amount

Interest Rates

Change

up to $59,999.99 *

2.60%

0.00%

$60,000.00 and over *

4.25%

+0.50%

 

Business Premium Rate Savings Account

 

Amount

Interest Rates

Change

up to $59,999.99 *

2.60%

0.00%

$60,000 to $500,000 *

4.25%

+0.50%

*interest rate earned on this portion of balance

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Contacts:

Paul Gammal, Toronto, paul.gammal@bmo.com, (416) 867-3996
Lucie Gosselin, Montreal, lucie.gosselin@bmo.com, (514) 877-8224
Laurie Grant, Vancouver, laurie.grant@bmo.com, (604) 665-7596