1) Get a $400 cash bonus when you open a new Smart Money or Smart Advantage account and have a cumulative total of $4,000 in qualifying direct deposits within 120 days of opening.
OR
2) Get a $600 cash bonus when you open a new Relationship Checking account and have a cumulative total of $7,500 in qualifying direct deposits within 120 days of opening.
Relationship Plus Money Market Offer: Get up to a $3,500 cash bonus when you open a new Relationship Plus Money Market account and deposit new money into your account. New money is defined as funds not currently on deposit at BMO, or funds that have been on deposit at BMO for 14 days or less.
Open a Relationship Plus Money Market account and deposit a total of $25,000 or more of new money into your account within 30 days of opening (by Day 30). New money is defined as funds not currently on deposit at BMO, or funds that have been on deposit at BMO for 14 days or less.
Tier New money
balance
requirement Cash bonus
1 $25,000 -
$49,999.99 $300
2 $50,000 -
$99,999.99 $500
3 $100,000 -
$249,999.99 $1,000
4 $250,000 -
$499,999.99 $2,500
5 $500,000 or more $3,500
Click link below and scroll down for additional details.
https://www.bmo.com/en-us/main/pe...fer-dual-1
30 Comments
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https://www.bmo.com/main/personal...er-banking
This is also true for TD, CIBC, and RBC.
https://us.cibc.com/en/personal/checking.html
The bonus is lower than the BMO bonus, but the $500 requirement makes this a more accessible deal for many individuals.
https://checkingbonus.t
I've been a BMO customer off and on since 2020, churning their checking account sign-up bonus. Last week, I looked at their 59-month CD which has a rate of 4.75% APY which is pretty good. Almost committed to open it with a large deposit until I looked at its Early Withdrawal Penalty....545 days (1.5 year) of forfeited interest. That's way too steep. So I decided to go with a 5-yr 4.10% CD at Ally which has a penalty of only 5 months of interest. I usually leave money in a CD until it matures, but there are many unexpected expenses/events that can happen in 5 years.
Monthly fee paid by itself just for IRA 3% match. Really no need for all these CD headaches.
Granted that rate is floating for Robinhood. But for 1-2 years time frame, I think it is a better option then shoet term CD.
Or T-bond or other bill also offer better rate and flexibility.
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https://www.capitalone.
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