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BMO Harris 2.35% Money Market Account Review

BMO Harris 2.35% Money Market Account Review

BMO Harris Bank is offering a nice 2.35% APY on nationwide accounts.

To qualify for this account, you need to have a minimum of $5,000 in your account to get the high interest ate, but you can earn with as low as $1 in your account at a tiered rate.

Other perks include no max, no monthly fees, and ATM access nationwide. Pretty decent account if I say so myself, given that the 2.35% only requires a small deposit of $5K to qualify for the rate.

For high savers, you can really hit some nice interest payments with no maximum. Even though FDIC only covers up to $250K, amounts beyond that are still earning interest at the 2.35% rate.

BMO Harris Platinum Money Market Account details:

  • Account type: Money Market Account (MMA)
  • APY: 2.35% APY
  • Minimum: $5,000
  • Maximum: None
  • Availability: Nationwide
  • Credit pull: Soft
  • ChexSystems: Yes
  • Opening deposit: $5,000
  • Fees: None

How to get the high interest rate

  1. Sign up for an account online here.
  2. Punch in your ZIP code to see your rate.
  3. Open a Platinum Money Account.
  4. Put in at least $5,000 to get the 2.35% interest rate.


There are no monthly service fees tied to this account.


  • Competitive interest rate
  • No monthly fees
  • FDIC insurance up to $250K


  • Requires a 5K deposit

Overall thoughts

Totally worth it for anyone looking to park their money somewhere and forget about fees. High interest and no maximum with only a $5,000 minimum. ATM access and plenty of liquidity with regular 6 free withdrawals per month.

What do you think?