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Savings Accounts

Savings accounts to help you build a brighter future

Enjoy low minimums and competitive interest rates to help you reach your long-and short-term financial goals – all from a bank that has been recognized as one of North America’s Most Sustainable Banks.footnote1

Not in California?

Classic Savingsfootnote2

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  • Competitive interest rates
  • Open an account with just $25
  • $5 monthly service charge
  • Three ways to waive your monthly service charge: maintain an average monthly balance of $300 ($50 in Minnesota), use auto-save to set up recurring monthly transfers of $25 or more from any Bank of the West personal checking accountfootnote3, or if you are 18 years old or younger
  • Compounds daily and paid monthly

Choice Money Market Savings

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View today's rates
  • Higher interest rates than our Classic Savings account
  • Interest rate bonus if you also have a Premier Checking accountfootnote4
  • Open an account with just $100
  • $15 monthly service charge
  • Three ways to waive your monthly service charge: maintain an average monthly balance of $5,000, use auto-save to set up recurring monthly transfers of $75 or more from any Bank of the West personal checking accountfootnote3, or if you have a Premier Checking Account
  • Compounds daily and paid monthly

Additional Benefits

Grow your savings automatically, by scheduling recurring transfers with auto-save

Access to 40,000+ fee-free ATMs nationwide for cash withdrawals

Savings Overdraft Protection available when linked to a Bank of the West Checking account

retail app on phone

Mobile app with over 100,000 5-star ratings

  • Secure biometric loginfootnote5
  • Deposit checks anytimefootnote5
  • Use Zelle® for free to send or request money
  • Tap to view monthly cash flow

App Store rating

4.8
Download on the App Store Get it on Google Play

When your bank helps finance a more sustainable future, so do you

100%

Banks can lend up to 100% of their customers' deposits.footnote6 Do you know what your money is funding?

$230 BILLION

BMO is helping to mobilize $230 billionfootnote7 in sustainable financing worldwide by 2025 by various means including for companies that build clean transportation and green buildings, generate wind and solar power, and more.

Open your account online in about 5 minutes

Classic Savings Choice Money Market Savings

Disclosure Information

Showing information for New Mexico

Deposit Account Disclosure for Personal Accounts

Schedule of Fees and Charges for Personal Deposit Accounts

Premier Program Disclosure

Classic Savings Account Guide

Choice Money Market Savings Account Guide

Tell us where you live

Choose your state of legal residence. We can then give you information about the products and services available in your area.

Note: Bank of the West has branches only in the states listed in the drop-down. At this time, we only open accounts for individuals and businesses in these states.