Certificate of Deposit (CDs), footnote 1
Like guaranteed growth, locked-in interest rates and complete protection against the variability of the markets? BMO CDs are for you if you want competitive CD rates and flexible term options in exchange for storing your money longer.
Lock in these CD Specials when you open today
We offer different types of CDs with varying rates and term options. Check out these CD Specials.
These rates are effective as of March 13, 2025.
Rates for ZIP code: 60603
CD closing and withdrawal methods: CDs may only be closed or funds withdrawn by contacting a branch or Customer Contact Center at 1-800-546-6101. CD funds may be transferred to another BMO deposit account or a check mailed to the address listed on the CD account.
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Standard CD
With as little as $1,000, you can begin earning a steady interest rate for the term of your Standard CD.
Features
Terms start at 3 months, with opening deposits as low as $1,000.
$1,000 minimum balance required
- 3 month - 5 year terms
- Lock in your rate
Open a Standard CD Today!
Rates for ZIP code: 60603
| Term | Interest Rate (%) | APY, footnote 1 (%) |
|---|---|---|
| 1 month | % | % |
| 2 months | % | % |
| 3 months | 0.050% | 0.05% |
| 6 months | 0.050% | 0.05% |
| 9 months | 0.050% | 0.05% |
| 12 months | 1.489% | 1.50% |
| 18 months | 1.193% | 1.20% |
| 24 months | 1.193% | 1.20% |
| 30 months | 0.995% | 1.00% |
| 36 months | 0.995% | 1.00% |
| 48 months | 0.995% | 1.00% |
| 60 months | 0.995% | 1.00% |
Save with a guarantee
Get our competitive rates of return
Security however you bank, footnote 4
FDIC Insured, footnote 2
Is a Certificate of Deposit (CD) right for you?
Compare the features of savings products to find the saving solution that fits you best.| Relationship Plus Money Market | Certificate of Deposit (CD), footnote 1 | Savings Builder | |
| Current APY | View rates | View rates | |
| Access your money | Yes, footnote 3 | At Maturity | Yes |
| Minimum opening deposit | $25 | $1000 to $5000 | $25 |
| Learn more | Learn more |
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Certificate of Deposit (CD) FAQs
Resources for your savings journey
Growing your money isn’t just about how much you earn – it’s also about how much you save.
We examine the CD, its benefits, potential limitations, and help you determine how the tool fits into your total savings portfolio.
When it comes to financial planning for your short- and long-term goals, saving and investing are…
Need support?That's what we're here for.
- footnote 1 details Early withdrawal penalties may apply. Annual Percentage Yields (APYs) are accurate as of the date stated and are subject to change at any time. For current rate information, contact your banker or call us at 1-800-546-6101. To receive these APYs, you must open your account online, by phone at 1-888-340-2265, or at a branch. CDs opened online can only be in individual or joint ownership and cannot be for an IRA. For CDs opened online, funds may not be withdrawn for 15 calendar days after funding. For CDs opened by phone, accounts must be funded within 10 business days of application, and funds may not be withdrawn for 15 calendar days after funding. Deposits at FDIC-insured institutions are insured up to at least $250,000 per depositor. Please visit www.fdic.gov for current FDIC insurance limits.
- footnote 2 details Please visit www.fdic.gov for current FDIC insurance limits.
- footnote 3 details Click here for transactions limitations.
- footnote 4 details Visit the BMO Security Center for details.
- footnote 5 details Message and data rates may apply. Contact your wireless carrier for details.