Canada Deposit Insurance Corporation (CDIC)
Canada Deposit Insurance Corporation (CDIC) is a federal Crown corporation created by Parliament. CDIC insures Canadians’ savings in case their bank or other CDIC member institution fails or goes bankrupt. CDIC is NOT a bank. CDIC is NOT a private insurance company.
Eligible Bank of Montreal deposit instruments and/or products
The following instruments and/or products are eligible for deposit insurance from the CDIC, subject always to maximum coverage limitations as outlined in their brochure "Protecting Your Deposits (256 KB - PDF)" and provided they:
- are in Canadian funds
- are payable in Canada and
- have a term of no more than five years
Note: The italicized deposits are no longer offered as new sales.
- Chequing and / or Savings Accounts
- Guaranteed Investment Certificates and Term Deposits1
- Commercial Chequing and Savings Accounts
- BMO InvestorLine® Accounts
- BMO Nesbitt Burns®†† Account
- Eligible Bank of Montreal Mortgage Corporation deposit instruments and / or products
- Eligible BMO Trust Company deposit instruments and/or products
Chequing and / or Savings Accounts
- Bank of Montreal Group Retirement Savings Plan Savings Account
- BMO® Mutual Funds Retirement Savings Plan Savings Account
- BMO Retirement Income Fund (RIF) Savings1
- BMO RRSP Premium Rate Savings Account1
- Interest Chequing Account
- Premium Rate Savings Account
- Smart Saver Account
- Primary Chequing Account
- BMO Mutual Funds Savings Account
- TFSA Savings Account
- RDSP Savings Account
- Deferred Profit Sharing Plan Savings Account
- First Canadian Investment Funds Retirement Savings Plan Savings Account
- Nova Scotia Home Ownership Savings Plan Savings Account
- Ontario Home Ownership Savings Plan Savings Account
- Registered Home Ownership Savings Plan Savings Account
- Special Retirement Account
- First Canadian Funds Savings Account
- BMO Super Daily Interest Retirement Account1
- BMO Club Sobeys Chequing Account
- BMO IGA AIR MILES Chequing Account
- BMO Sobeys AIR MILES Chequing Account
- BMO Club Sobeys Savings Account
- BMO IGA AIR MILES Savings Account
- BMO Sobeys AIR MILES Savings Account
Guaranteed Investment Certificates and Term Deposits1
- BMO Guaranteed Investment Certificate (GIC)
- BMO Cashable RateRiser® GIC
- BMO RateRiser® Plus GIC
- BMO RateRiser® Max GIC
- BMO Retirement Income Fund Guaranteed Investment Certificate
- BMO Term Deposit Receipt2
- BMO Redeemable Retirement Term Deposit sold prior to November 4, 2002
- BMO Senior’s Choice Flexible Term Investment (Term Deposit Portion) sold prior to November 4, 2002
- BMO Smart Choice Flexible Term Investment (Term Deposit Portion) sold prior to November 4, 2002
Commercial Chequing and Savings Accounts
- AgriInvest Account
- Business Current Account
- Business Premium Rate Savings Account
- Community Account
- Client of Correspondents Account
- FirstBank Business Investment Account®
- Treasury Account
- Vostro Account
- Chequable Savings
- FirstBank Plan® for Small Business Account
- True Savings
- First Bank Commercial Overdraft Protection
- FirstBank Cash Management Account®
- FirstBank Operating Account®
- Instabanking® Plan for Small Business Account
- Money Management Account
BMO InvestorLine® Accounts
- BMO InvestorLine Investment Account with AccountLink™ Service (chequing / savings account only)
- AccountLink™ Account
BMO Nesbitt Burns®†† Accounts
- Investor's Priority Account™ (chequing / savings accounts only)
- Prime Access Account ® (chequing / savings account only).
- Access Service® (chequing / savings account only).
- Access Service Retirement Income Management Account® (chequing / savings account only).
Sundry Items
Mortgage Tax Account
Outstanding Payment Items
- Bank Drafts
- Certified Cheques
- Money Orders
- Official Cheques
- Suspense Accounts
- Unclaimed Cheques
Eligible Bank of Montreal Mortgage Corporation deposit instruments and / or products
The following instruments and/or products are eligible for deposit insurance from the CDIC, subject always to maximum coverage limitations as outlined in their brochure "Protecting Your Deposits (256 KB - PDF)" and provided they:
Hyperlinks are Not Endorsements
The following instruments and/or products are eligible for deposit insurance from the CDIC, subject always to maximum coverage limitations as outlined in their brochure "Protecting Your Deposits (256 KB - PDF)" and provided they:
- are in Canadian funds
- are payable in Canada and
- have a term of no more than five years
Guaranteed Investment Certificates (GICs)1,2
- BMO Guaranteed Investment Certificate (GIC)3
- BMO AIR MILES®† GIC
- BMO Cashable RateRiser® GIC3
- BMO RateRiser® Plus GIC3
- BMO RateRiser® Max GIC3
- BMO Income Generator™
- BMO Blue Chip GIC
- BMO Return Enhancing GIC
- BMO Select GIC
- BMO Smart Return GIC
- BMO Canadian Market GIC
- BMO Fund Linked GIC
- BMO Growth GIC
- BMO Top Performing Portfolio GIC
- BMO RateOptimizer® Max GIC
- BMO RateOptimizer® Plus GIC
- BMMC Retirement Income Fund Guaranteed Investment Certificate
- BMO Matchmaker Savings GIC
- BMO Short Term Investment Certificate (STIC)3
- BMO Redeemable Short Term Investment Certificate (R-STIC)3
- BMO Variable Rate GIC
Term Investments - no longer offered for sale2
- BMO RateOptimizer GIC sold prior to December 1, 2005
- RateRiser GICs sold prior to April 26, 2001
- RateRiser RICs sold prior to April 26, 2001
- BMO S&P/TSX 60®** Market Index GICs sold prior to October 24, 2010
- BMO S&P 500®** Market Index GICs sold prior to October 24, 2010
- BMO G7 Market Index GICs sold prior to October 24, 2010
- BMO Dividend Fund Linked GICs sold prior to October 24, 2010
- BMO Income Enriched GICs sold prior to October 24, 2010
- BMO Callable Equity Linked GICs sold prior to October 24, 2010
Outstanding Payment Items
Suspense Accounts
Eligible BMO Trust Company deposit instruments and/or products
The following instruments and/or products are eligible for deposit insurance from the CDIC, subject always to maximum coverage limitations as outlined in their brochure "Protecting Your Deposits (256 KB - PDF)" and provided they:
- are in Canadian funds
- are payable in Canada and
- have a term of no more than five years
Outstanding cash balances of:
- Investment Administration Accounts
- Investment Management Accounts
- Trust Administration Accounts
- Estate Administration Accounts
Outstanding Payment Items:
Drafts
Guaranteed Investment Certificates1
- BMO Guaranteed Investment Certificate (GIC)
- BMO Cashable RateRiser® GIC
- BMO RateRiser® Plus GIC
- BMO RateRiser® Max GIC
™Trade-mark of Bank of Montreal.
®Registered trade-mark of Bank of Montreal.
™*Trade-mark of BMO Trust Company, issued by Bank of Montreal.
®††Nesbitt Burns is a registered trade-mark of BMO Nesbitt Burns Corporation Limited, used under license
®† Registered trade-mark of AIR MILES International Trading B.V. Used under license by LoyaltyOne Inc, and Bank of Montreal.
®**“S&P” and “S&P 500” are trade-marks of The McGraw-Hill Companies, Inc. “TSX” is a trade-mark of TSX, Inc. These marks have been licensed for use by Bank of Montreal. The product is not sponsored, endorsed, sold or promoted by Standard & Poor's or the Toronto Stock Exchange and neither party makes any representation regarding the advisability of investing in the Product.
1This product and the product having the same name without the preface “BMO” are identical.
2There is both a RSP and a non-RSP version of each of the products listed
3These products are also available in BMO TFSA and RDSP plans.
