BMO Savings Builder up to $60 Bonus

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BMO : Savings Builder

up to $60

3.0 score





Offer Expires In

Limited Time Offer

How To Earn The Bonus

  1. Open a new Savings Builder account using the link below.
  2. Earn an extra $5 for every month you deposit at least $200 into the account, for up to 12 months.

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$5 extra each month just for putting money into my own savings account? OKAY. BMO Harris Bank is offering a total of $60 (5 bucks a month for a maximum of 12 months) as a savings-incentive bonus if you open a new Savings Builder account.

Pro tip: maximize your bonus by also taking advantage of either of the personal checking account welcome bonuses they're offering.

How To Earn The Bonus

The BMO Savings Builder promotion requires you to deposit and maintain a minimum balance in order to earn the up to $60 bonus (step-by-step breakdown is listed above!).

As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.

The fine print

  • Available only to those who live in Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Arizona, or Florida.
  • If you contribute at least $200 to your account within the same month that you open the account, you'll be eligible for 12 rewards. If you don't fund your account or it's not received until the next month, you're limited to 11 rewards.
  • The first savings reward is based on your savings growth from the Business Day the account is opened through the last Business Day of that month.
  • For every month that your balance on the last business day of the current month is at least $200 more than the balance on the last business day of the previous month, you'll earn $5. To calculate if your balance has grown by $200, they will compare the Ledger Balance on the last Business Day of the previous month to the Ledger Balance on the last Business Day of the current month.
  • If earned, the $5 bonus will be credited to your account within 5 calendar days after the end of the month.
  • You cannot combine this offer with any other personal savings bonuses, but you can stack this with a checking account welcome bonus.
  • Savings rewards are available for new accounts only. An account switched into Savings Builder from a different product is not eligible for savings rewards.
  • You are not eligible to receive savings rewards if you have previously opened a Statement Savings account between February 3, 2020 and October 18, 2021 and participated in the Statement Savings account – Savings Rewards offer.

Why BMO?

BMO (formerly known as BMO Harris Bank) is headquartered in Chicago, and has about 500 physical locations across 8 states. For their checking accounts, BMO expands its reach by joining the Allpoint ATM network, which gives you access to about 40,000 fee-free ATMs. They also offer online and mobile tools to help you take care of most banking tasks without needing to go in-branch.

BMO offers personal checking, savings products like accounts, MMAs and CDs, business and commercial accounts, home and auto loans, credit cards, and IRAs. They also offer their "Premier Services", which is a wealth management service that aims to help you define and work toward a financial plan.

While BMO offers more accounts and services than some of the online-only banks, most of their rates are only competitive with the big banks (read: not very high), so keep that in mind.

Savings Builder


Savings Builder does not charge a monthly maintenance fee.

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

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