Bmo prime rate history. 3. The prime rate is the interest rate that banks and lenders use to determine the interest rate for various loans such as mortgages, credit cards and auto loans. Mar 2, 2023 · BMO's prime rate is used to determine the interest rates on various borrowing products. 75%. Canadian financial institutions base their prime Oct 30, 2025 · Explore current BMO Prime Rates and interest rates for mortgages, credit cards, GICs and term deposits, bank accounts, foreign exchange rates, and more. Free online tool to see current Canadian prime rate chart and current Bank of Canada overnight rate chart. 45%. Jan 28, 2026 · The prime rate, also known as the prime lending rate, is the annual interest rate Canada’s major banks and financial institutions use to set interest rates for variable loans and lines of credit, including variable-rate mortgages. The posted rates cover prime rate, conventional mortgages, guaranteed investment certificates, personal, daily interest savings, and non-chequable savings deposits. Interest rates paid to you on credit balances or charged to you on debit balances in your BMO InvestorLine account are subject to change without notice. 6 days ago · View weekly updates and historical trends for Canada Prime Rate. Weekly posted interest rates covering prime rate, conventional mortgages, guaranteed investment certificates, personal, daily interest savings, and non-chequable savings deposits, offered by chartered banks. 25% (new prime rate) - 0. The prime rate is the annual interest rate that major banks and lenders within Canada use to set variable-rate mortgages. The data shown is to provide information on the weekly posted interest rates offered by the six major chartered banks in Canada. How the Bank of Montreal prime rate affects fixed mortgage As of February 13, 2026, BMO's Prime Rate is currently 4. The prime rate will impact the rate that you enter into for these financial products. Interest to be paid to you is calculated on the monthly average credit balance in your BMO InvestorLine account during the period from the 22nd day of the previous month through to and Explore the history of prime mortgage rates: trends, factors influencing rate changes, and how they impact borrowing costs. Bank of Canada Overnight Rate chart. Canadian financial institutions base their prime Mar 13, 2025 · Explore the current and historical Canadian Prime Rate alongside the Bank of Canada Overnight Rate. Feb 6, 2025 · While the rate isn’t as high as it was in the early 1980s, the series of hikes prior to June 2024 (when the first cuts began) were significant. (1974 to 2026) Oct 30, 2025 · Explore current BMO Prime Rates and interest rates for mortgages, credit cards, GICs and term deposits, bank accounts, foreign exchange rates, and more. View BMO's prime rate history, and check mortgage, line of credit, and GIC rates. View historical rates. Rates presented are the most typical of those offered by the six major chartered banks. (1974 to 2026) Feb 6, 2025 · While the rate isn’t as high as it was in the early 1980s, the series of hikes prior to June 2024 (when the first cuts began) were significant. 50% (discount to prime rate) = 2. If BMO were to change its prime rate, your mortgage rate would change by the same amount. Source: Bank of Canada. Compare both with our detailed Canadian Prime Rate vs. Mar 13, 2025 · Explore the current and historical Canadian Prime Rate alongside the Bank of Canada Overnight Rate. Track economic data with YCharts analytics. . For example, if the Desjardins prime rate were raised to 3. 75% (new mortgage rate). BMO's prime rate is used to determine the interest rates on various borrowing products. 25%, your mortgage rate would rise with it to 2. 6 days ago · View weekly updates and historical trends for Canada Prime Rate. icgv, hswn, i2ku, ivj0, oui3pk, amfc, c63u, zkxy, zc6md, njhe,