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(Marketwire - July 6, 2010) - BMO Bank of Montreal (TSX:BMO)(NYSE:BMO) today announced it has increased the interest rate offered on the BMO Smart Saver Account from 1.0 per cent to 1.10 per cent, effective immediately. This increase means BMO now offers the best rate on a savings account of any major financial institution in Canada, as well as free deposits and transfers into the Smart Saver account.