What are the current interest rates?

BMO, like many financial institutions, offers a range of interest rates depending on the type of financial product in question, such as savings accounts, loans, mortgages, or investment products. These rates can fluctuate based on various factors, including economic conditions and the central bank's monetary policy. For savings accounts, interest rates may be lower and are often influenced by the prevailing rates set by central banks. Conversely, loan and mortgage rates may vary significantly based on the term length, whether they are fixed or variable, and the overall credit profile of the borrower. It is important to note that BMO continually updates its interest rates, which can change frequently according to the current market conditions. To find the most accurate and current interest rates, individuals should visit BMO's official website or their banking app. These platforms typically provide up-to-date information on various financial products, offering clarity on the best rates currently available. For specific inquiries related to personal financial needs, the website may also guide customers to the appropriate resources.