Skip Navigation
Personal Wealth Business Commercial Capital Markets
Personal
Checking Accounts Savings, Money Markets & CDs Retirement Accounts (IRAs) & Investments Credit Cards Mortgages Loans and Lines of Credit Premier Services Ways to Bank
Checking Accounts
Smart Money Account Smart Advantage Account Premier Account Health Savings Account (HSA) Debit and ATM Cards BMO Digital Banking Foreign Currency Exchange Services Reorder Checks
Savings Accounts, Money Markets & CDs
Statement Savings Money Market Certificates of Deposit Rates-Statement Savings Rates-Money Market Rates-Certificates of Deposit
Retirement Accounts (IRAs) & Investments
Credit Cards
BMO Harris Bank Premium Rewards Mastercard® BMO Harris Bank Cash Back Mastercard® BMO Harris Bank Platinum Rewards Mastercard® BMO Harris Bank Platinum Mastercard® BMO Harris Rewards How to Apply Manage Your Card Cardholder Resources Credit Card Dispute FAQs BMO Harris Card Monitor
Mortgages
Fixed Rate Mortgage Adjustable Rate Mortgage Low Down Payment Mortgages Jumbo Mortgages Cross-Border Mortgage Program Rates Bank Owned Properties Fixed Rate Mortgage Payments Adjustable Rate Mortgage (ARM) Payments Extra Payments My Budget Down Payment Rent or Own Closing Costs Compare Loans Refinancing Savings Refinancing Costs
Loans & Lines of Credit
Home Equity Line of Credit Home Equity Loan Personal Loans Personal Line of Credit Auto Loans Certificate of Deposit / Savings Secured Loans Private Student Loans Refinance Student Loans Safe Act Home Equity rates Consumer Lending rates Calculators BMO Harris Express Loan PaySM
Premier Services
Discover Premier Services Exclusive Benefits Financial Perspective My Financial Roadmap
Ways to Bank
BMO Harris Digital Banking BMO Harris Bank by PhoneSM BMO Harris Bank at Work Overdraft Services Payment and Deposit Services Find financial wellness Cross-Border Banking for Canadians Branches and ATMs Switch Kit

Enabling cookies instructions

Select Region/Language

Contact Us

BMO Harris Bank - We're here to help.™

Top

Invalid ZIP Code

 

The ZIP code entered " " is not recognized.
Please enter a valid ZIP code.

 

Okay

IRA Certificates of Deposit (CDs)footnote 1

Open an IRA CD with as little as $1,000 and you'll be on your way to safe,
secure savings. You can count on the confidence that comes with knowing
your deposits are FDIC-insured.footnote 3


Features

  • Competitive fixed interest ratesfootnote 2 and annual percentage yields
  • Interest compounded daily and paid at maturity on 3-, 6- and 9-month CDs
  • Interest compounded daily and paid quarterly on CDs of one year or longer
  • Higher interest rates on balances of $5,000 and $100,000
  • Available as Traditional, ROTH or SEP IRA
  • Comprehensive selection of deposit terms
  • $1,000 minimum opening depositfootnote 4
  • Your IRA contribution may be tax deductible, consult your tax advisor
CD terms Other features Account terms
& other fees

CD terms

Find your CD rate

 

 

Minimum Balance To Obtain APY* Interest Rate(%) APY(%)*
$1,000footnote 2
$5,000footnote 2
$100,000footnote 2

These terms are effective and subject to change without notice.

 

Definitions of capitalized terms.

 

  1. NOTE: Penalty for early CD withdrawal.
  2. Any renewing CD with a balance less than $1,000 will automatically renew for the same term with an interest rate and APY equal to the lowest prevailing Statement Savings rate. For the current Statement Savings rate, click here.
  3. 1 and 2 month CDs are Jumbo CDs, are not available to be opened online, and are not available for IRA accounts. To open a 1 or 2 month Jumbo CD, please visit a BMO Harris location. Any renewing 1 or 2 month Jumbo CD with a balance of less then $100,000 will renew with an interest rate and APY equal to the lowest prevailing Statement Savings rate. For the current Statement Savings rate, click here

Connect with us

Call us
1-888-340-2265

24 hours a day, 7 days a week

 

Locate a branch

Find a location nearest you

These terms are effective and subject to change without notice.

Definitions of capitalized terms

  1. Visit www.irs.gov for IRA Plan rules, eligibility requirements, and contribution limits. Consult your tax advisor.Back
  2. Click here for information about Interest Rates and Calculations on deposit accounts.Back
  3. Please visit www.fdic.gov for current FDIC insurance limits.Back
  4. Additional deposits to an existing account: Each CD is treated as a separate account with its own interest rate and maturity. You cannot make additional deposits into an existing CD.Back
  5. Maturity, renewal and grace period: UNLESS YOU HAVE INSTRUCTED US OR WE HAVE DISCLOSED TO YOU OTHERWISE, YOUR CD WILL AUTOMATICALLY RENEW AT THE MATURITY DATE TO ANOTHER CD OF AN EQUAL TERM AT THE THEN CURRENT INTEREST RATE FOR THAT TERM AND CURRENT BALANCE. You will have a grace period of ten calendar days after the maturity date to withdraw the funds without being charged an early withdrawal penalty. Accounts that do not automatically renew will not earn interest after the maturity date. CDs of $100,000 or more may not automatically renew.Back
  6. Early withdrawal penalty and computation method: When you make a deposit to any of our CD products, you are agreeing to keep the funds on deposit until the stated maturity. We reserve the right to permit withdrawals of principal only upon maturity. If we permit you to make an early withdrawal of principal, you will pay an early withdrawal penalty. The penalty is calculated using the interest rate applicable to the CD at the time of early withdrawal. If the amount of the penalty exceeds the amount of accrued and unpaid interest, then a reduction of principal would be required in order to pay the penalty. These penalties do not apply to Qualified IRA Distributions. The penalties are as follows:

     

    about cd terms and interest penalty
    CD Term Interest Penalty
    1 month (7 days to 59 days) You will be charged all interest earned
    2 months to 11 months (60 days to up to and including 364 days) You will be charged 90 days interest
    12 months to 23 months You will be charged 180 days interest
    24 months to 35 months You will be charged 270 days interest
    36 months to 47 months You will be charged 365 days interest
    48 months or longer You will be charged 545 days interest
    Short Term CD Special (2 months to 11 months) You will be charged 180 days interest
    Long Term CD Special (12 months or longer) You will be charged 365 days interest

     

     

     

    Back