What is the current BMO CD rate?

BMO's CD page shows rates for a ZIP code and we could not read the APYs on October 25, 2026, so we do not list any. BMO offers CD Specials on five terms (13, 25, 35, 45 and 59 months on its page) and standard CDs. Check bmo.com for the rate on your term before opening.

What is the minimum deposit for a BMO CD?

BMO's CD page lists a $1,000 minimum for CD Specials and for standard CDs of 3 months and longer. The 1-month and 2-month standard CDs list a $100,000 minimum.

What is the early withdrawal penalty on BMO CDs?

BMO's CD disclosure (08/26) sets the penalty by term. A 1-month CD (7 to 59 days) is charged all interest earned. Terms of 2 to 11 months are charged 90 days of interest, 12 to 23 months 180 days, 24 to 35 months 270 days, 36 to 47 months 365 days, and 48 months or longer 545 days. If the penalty is more than the accrued interest, it comes out of principal.

BMO CD Rates 2026 — Terms, Minimums and Early Withdrawal Penalties

Q: What happens when a BMO CD matures?

BMO says you have ten calendar days from the maturity date to withdraw funds without an early withdrawal penalty. A standard CD renews automatically into a standard CD of equal term at the then-current rate, and a CD Special renews into a standard CD of a set term (for example, a 13-month Special renews into a 1-year standard CD).

BMO sells CD Specials and standard CDs. BMO shows APYs by ZIP code, so we could not read them when we checked on October 25, 2026, and this page does not list any. Check the rate for your term on bmo.com before opening. BMO Bank N.A. is the US subsidiary of BMO Financial Group.

BMO CD Types

CD type	What BMO’s page says
CD Specials	$1,000 minimum deposit; five terms on the page (13, 25, 35, 45 and 59 months); auto-renewal into a standard CD after maturity, with a 10-calendar-day grace period
Standard CDs	Terms from 1 month to 60 months; $1,000 minimum on terms of 3 months and longer, $100,000 on 1-month and 2-month terms

Source: BMO’s certificates of deposit page. Minimums can vary by the type and term of the CD.

Early Withdrawal Penalties

CD term	Penalty (BMO’s CD disclosure, 08/26)
1 month (7 to 59 days)	All interest earned
2 to 11 months	90 days of interest
12 to 23 months	180 days of interest
24 to 35 months	270 days of interest
36 to 47 months	365 days of interest
48 months or longer	545 days of interest

If the penalty is more than your accrued and unpaid interest, BMO takes the rest from principal. BMO waives the penalty if an account owner dies or is judicially declared legally incompetent, and for a withdrawal during the 10-calendar-day grace period after an auto-renewing CD matures.

Renewal and Grace Period

A standard CD renews automatically into a standard CD of equal term at the then-current rate. A CD Special renews into a standard CD, for example a 13-month Special into a 1-year standard CD. BMO gives a 10-calendar-day grace period after maturity, and says CDs opened online cannot be withdrawn from for 15 calendar days after funding.

BMO vs. Online Banks

Compare BMO’s APY for your term and ZIP code with online banks before you open. For scale, the FDIC’s national average 12-month CD rate was 1.76% as of October 19, 2026, and Marcus listed 4.40% APY on a 12-month CD (October 15, 2026).

More: BMO Bank Guide

Written by WealthVieu

WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.

The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy

BMO CD Rates 2026 — Terms, Minimums and Early Withdrawal Penalties

BMO CD Types

Early Withdrawal Penalties

Renewal and Grace Period

BMO vs. Online Banks

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