| Item |
Details |
| Term(s) |
5 years |
| Access to Funds |
Not redeemable prior to maturity |
| Interest Payment Option |
At maturity only |
| Minimum Investment Amount |
$1,000 |
| Plan Eligibility |
RSP / RESP / RIF / TFSA |
| Automatic Reinvestment |
Yes, unless other instructions provided
Non-registered:
1 year GIC at current rate
RSP, RIF, RESP, TFSA:
Premium Rate Savings Account |
| Continuous Savings Plan Option |
No |
| Issued By |
Bank of Montreal Mortgage Corporation (BMMC) |
| Transferability |
No |
| Available to Business Banking Client |
Yes, non-registered only |
| Statements |
Non-registered and RSP
Annual Statement (January/February)
TFSA, RESP and RIF
Quarterly Statements
|
| Available to Non-Residents |
No |
| Guaranteed By |
Bank of Montreal |
| Total Return Potential for the Term |
|
| Availability |
Available in a monthly Series. See the Series tab for the current available monthly Series. |
| CDIC Eligibility |
Eligible for CDIC deposit insurance (up to applicable limits) |
| Reference Portfolio for the Series |
|
| Tax Treatment |
Non-registered only:
Interest, if any, will generally be taxed at maturity as interest income. See the Investment Terms and Conditions for a more detailed discussion. |
| Terms and Conditions |
|
