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The bottom line: BMO (formerly BMO Harris) is a U.S. subsidiary of Canada’s Bank of Montreal with headquarters in Chicago. …Member FDIC. 3.0. /5 NerdWallet rating. APY. 1.00%. With $0.01 min. balance for APY. BMO's Premier Money Market account has a rate of 1.00% APY. (This account did not factor into the bank’s ...

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