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If you would prefer to manage bank accounts at BMO branches, the bank has standard CDs and special CDs. If you're comfortable with an online-only banking experience, though, BMO Financial Group also has an online-only division called BMO Alto. BMO Alto has a standout 12-month term paying
BMO CD Rates
BMO Bank CD Rates
BMO Standard CDs pay low interest rates, while the Special CDs are good overall. Special CDs are only available for a limited time, though.
The bank's CD rates may vary by region and minimum deposit. You'll need at least $1,000 to open an account.
The following chart shows the current rates for Standard CDs if you live in Chicago, Illinois:
| Term | APY |
| 1 month ($100,000 minimum balance) | 0.05% |
| 2 months ($100,000 minimum balance) | 0.05% |
| 3 months | 0.05% |
| 6 months | 0.05% |
| 9 months | 0.05% |
| 12 months | 0.05% |
| 13 months (CD special) | 5.10% |
| 18 months | 0.05% |
| 24 months | 0.05% |
| 25 months (CD special) | 4.75% |
| 30 months | 0.05% |
| 35 months (CD special) | 4.50% |
| 36 months | 0.10% |
| 45 months (CD special) | 4.50% |
| 48 months | 0.15% |
| 59 months (CD special) | 4.50% |
| 60 months | 0.25% |
BMO Alto CD Rates
BMO Alto Online Certificates of Deposit are more competitive than BMO Standard CDs, and even some Special CDs.
BMO Alto CDs have a
| Term | APY |
| 6 months | |
| 12 months | |
| 24 months | |
| 36 months | |
| 48 months | |
| 60 months |
BMO CD Rates Pros and Cons
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How BMO CD Rates Compare
BMO CD Rates vs. Chase CD Rates
If you're comparing interest rates on CDs, your choice will largely depend on the term you choose and where you live.
BMO CDs have different rates depending on which state you live in. Chase CD rates are low overall. You'll qualify for a higher relationship rate if you have a Chase checking account, though.
BMO CD Rates vs. Wells Fargo CD Rates
If you're strictly searching for the highest CD rates, you'll likely prefer BMO over Wells Fargo CD rates. When comparing the two banks, BMO CD specials, and BMO Alto CDs have the most competitive interest rates.
BMO also may be a better option if you'd like a low minimum opening deposit. The bank lets you open an account with $1,000, while at Wells Fargo, you need at least
Why You Should Trust Us: How We Reviewed BMO CDs
We used Insider's certificate of deposit methodology to review Standard, Special, and Alto CDs. We look at interest rates, minimum opening deposits, early withdrawal penalties, CD term variety, ethics, customer support, and the mobile app. We use a scale of 0 to 5 for each category, then average the scores together to calculate the CDs' overall rating.