BMO offers both a Smart Fixed closed mortgage and a fixed-rate closed mortgage. Here’s the difference between the two: With any closed mortgage, you can prepay a certain amount each year without ...

The Bank of Canada's 25bps slice in the overnight rate to 2.75% on Wednesday leaves policy exactly BMO Bank of Montreal today announced that it is decreasing its CDN$ prime lending rate from 5.20 ...

BMO mortgage rates tend to be competitive with those at other Big Six banks. BMO’s prime rate is 5.2%. Many or all of the products featured here are from our partners who compensate us. This may ...

The bank is a part of the BMO Financial Group, and its history dates back to the early 1800s when it was known as Montreal Bank, Canada’s first bank. Yes, BMO Bank is FDIC-insured (FDIC #16571).