Personal Wealth Small Business Commercial

Personal

Checking Accounts Savings, Money Markets & CDs Retirement Accounts (IRAs) & Investments Credit Cards Mortgages Loans and Lines of Credit

Checking Accounts

Smart Money Account Smart Advantage Account Premier Account Health Savings Account (HSA) Debit and ATM Cards Online Banking Mobile Banking Foreign Currency Exchange Services

Savings Accounts, Money Markets & CDs

Statement Savings Select Money Market Account Certificates of Deposit Rates-Statement Savings Rates-Money Market Rates-Certificates of Deposit

Retirement Accounts (IRAs) & Investments

Credit Cards

BMO Harris Bank Premium Rewards Mastercard^® BMO Harris Bank Cash Back Mastercard^® BMO Harris Bank Platinum Rewards Mastercard^® BMO Harris Bank Platinum Mastercard^® BMO Harris Rewards How to Apply Manage Your Card Cardholder Resources Credit Card Dispute FAQs

Mortgages

Fixed Rate Mortgage Adjustable Rate Mortgage Affordable Mortgage Programs Jumbo Mortgages Rates Bank Owned Properties Fixed Rate Mortgage Payments Adjustable Rate Mortgage (ARM) Payments Extra Payments My Budget Down Payment Rent or Own Closing Costs Compare Loans Refinancing Savings Refinancing Costs

Loans & Lines of Credit

Home Equity Loan Home Equity Line of Credit Personal Loans Personal line of credit Refi-Xpress Auto Loans Certificate of Deposit / Savings Secured Loans Safe Act Rates Calculators Check home equity application status

Contact Us

News Releases

BMO Decreases US$ Prime Lending Rate to 7.50 Percent

CHICAGO, Dec. 18, 2024 /CNW/ - BMO today announced that it is decreasing its US$ prime lending rate from 7.75 percent to 7.50 percent, effective December 19, 2024.

About BMO Financial Group

BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.41 trillion as of October 31, 2024. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society.

SOURCE BMO US

For further information: Media Contact: Scott Doll, scott.doll@bmo.com

Equal Housing Lender - NMLS 401052

Banking products and services are provided by BMO Harris Bank N.A. and are subject to bank and credit approval. BMO Harris Bank N.A. Member FDIC.

Notice to Customers

To help the government fight the funding of terrorism and money laundering activities, federal law (USA Patriot Act (Title III of Pub. L. 107 56 signed into law October 26, 2001)) requires all financial organizations to obtain, verify and record information that identifies each person who opens an account. When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask you to provide a copy of your driver's license or other identifying documents. For each business or entity that opens an account, we will ask for your name, address and other information that will allow us to identify the entity. We may also ask you to provide a copy of your certificate of incorporation (or similar document) or other identifying documents. The information you provide in this form may be used to perform a credit check and verify your identity by using internal sources and third party vendors. If the requested information is not provided within 30 calendar days, the account will be subject to closure.

Third party web sites may have privacy and security policies different from BMO. Links to other web sites do not imply the endorsement or approval of such web sites. Please review the privacy and security policies of web sites reached through links from BMO web sites.

BMO Harris Premier Services represents a combined service approach of BMO Harris Financial Advisors and BMO Harris Bank, each a part of BMO Financial Group.

Securities, investment advisory services and insurance products are offered through BMO Harris Financial Advisors, Inc. Member FINRA / SIPC . SEC-registered investment adviser. BMO Harris Financial Advisors, Inc. and BMO Harris Bank N.A. are affiliated companies. Securities and insurance products offered are: NOT FDIC INSURED – NOT BANK GUARANTEED – NOT A DEPOSIT – MAY LOSE VALUE.

This information is not intended to be tax or legal advice. This information cannot be used by any taxpayer for the purpose of avoiding tax penalties that may be imposed on the taxpayer. This information is being used to support the promotion or marketing of the planning strategies discussed herein. BMO Harris Bank N.A. and its affiliates do not provide legal or tax advice to clients. You should review your particular circumstances with your independent legal and tax advisors.