BMO Bank of Montreal Boosts Premium Rate Savings Rate



    TORONTO, Sept. 24 /CNW/ - BMO Bank of Montreal announced today it has
increased the interest rate earned on its Premium Rate Savings Account and
Business Premium Rate Savings Account on deposits of $60,000 or more.
    Effective September 25, 2007 the new rate is:

    
    Premium Rate Savings Account
    ----------------------------

    Amount                      Interest Rates                Change
    -------------------------------------------------------------------
    up to $59,999.99(*)               2.60%                    0.00%
    -------------------------------------------------------------------
    $60,000.00 and over(*)            4.25%                   +0.50%
    -------------------------------------------------------------------

    Business Premium Rate Savings Account
    -------------------------------------

    Amount                      Interest Rates                Change
    -------------------------------------------------------------------
    up to $59,999.99(*)               2.60%                    0.00%
    -------------------------------------------------------------------
    $60,000 to $500,000(*)            4.25%                   +0.50%
    -------------------------------------------------------------------

    (*)interest rate earned on this portion of balance
    





For further information:

For further information: Paul Gammal, Toronto, paul.gammal@bmo.com,
(416) 867-3996; Lucie Gosselin, Montreal, lucie.gosselin@bmo.com, (514)
877-8224; Laurie Grant, Vancouver, laurie.grant@bmo.com, (604) 665-7596

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BMO BANK OF MONTREAL

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