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PRNewswire 22-Jan-2024 12:00 PM
CHICAGO, Jan. 22, 2024 /PRNewswire/ - BMO today announced it has been named one of the "Best Banks of 2024" by GOBankingRates, which analyzes the top financial institutions in the United States each year to help Americans find banks that will help them reach their financial goals. Notably, BMO is recognized in three categories that help customers do more with their cash deposits: Best Checking Accounts, Best CD Accounts, and Best High Yield Savings Accounts categories, with the personal finance website calling BMO a "straightforward approach to banking with dependable products" and a "very impressive banking experience."
"We are thrilled that BMO and our product offerings have been recognized among the best in the nation for helping our customers plan, save, and make real financial progress," said Paul Dilda, Head of U.S. Consumer Strategy at BMO. "Whether it's our industry-leading checking accounts or convenient, easy-to-manage savings accounts and certificate of deposits (CDs), BMO has the best tools and resources to help customers get ahead and stay ahead financially."
To determine the best banks in the U.S., GOBankingRates ranked institutions based on several factors, including customer service, total assets, minimum deposit needed to open a checking or savings account, loan and credit card options, mobile app ratings, and more.
Specifically, GOBankingRates recognizes BMO as "a fantastic option for those who want a streamlined, one-stop shop for all banking needs" and highlighted the bank's various products, such as:
Additionally, GOBankingRates recognized the BMO Digital Banking app as very comprehensive and easy to use, with "many users reporting they are satisfied with the app's intuitiveness, detailed information, and simplicity".
"At BMO, we meet customers where they are with leading digital experiences that drive real financial progress," said Mathew Mehrotra, Chief Digital Officer at BMO. "Our digital experiences empower customers to personalize and manage their finances conveniently so they can make better day-to-day decisions in their financial lives."
BMO offers additional ways to save and make real financial progress
In addition to the checking and savings accounts highlighted above in GOBankingRates' recognition, BMO offers customers the following tools and resources to help manage their money:
To learn more about how BMO can help you with your banking needs, visit https://www.bmo.com/en-us/main/personal/.
About BMO Financial Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.3 trillion as of October 31, 2023. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society.
Media Contact: Lucas Seiler, Chicago, lucas.seiler@bmo.com, 312-340-8576
View original content:https://www.prnewswire.com/news-releases/bmo-named-one-of-the-best-banks-of-2024-in-the-us-by-gobankingrates-302040890.html
SOURCE BMO Financial Group