BMO Increases US$ Prime Lending Rate to 7.00 Percent

CHICAGO, Sept. 16, 2026 /PRNewswire/ -- BMO today announced that it is increasing its US$ prime lending rate from 6.75 percent to 7.00 percent, effective September 17, 2026.

About BMO Financial Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of July 31, 2026. Serving clients for more than 200 years, BMO provides a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services across Canada, the United States, and select markets globally. BMO is innovating for business value, by deploying and integrating human, digital and artificial intelligence to personalize client experiences, augment teams, and automate its business responsibly. Driven by its 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 stronger communities.

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SOURCE BMO US