BMO Cashable RateRiser® GIC
BMO Cashable RateRiser® GIC
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Item |
Details |
Term(s) |
3 years |
Access to Funds |
· Purchased on or after August 18, 2019, cashable in full at any time (no partial redemptions permitted)
· Purchases before August 18, 2019, cashable in full on the 15th day of each month during the first year and on the first and second anniversary of the issue date (no partial redemptions permitted) |
Interest Payment Option |
Non-registered: Interest paid annually or compounded annually and paid at maturity.
RSP: Interest compounded annually and paid at maturity.
TFSA/RESP: Interest paid annually to a Savings Account or compounded annually and paid at maturity. |
Minimum Investment Amount |
$1,000 |
Plan Eligibility |
RSP / RESP / TFSA / RDSP |
Automatic Reinvestment |
Yes, at current rate (unless other instructions provided) |
Issued By |
Non-registered: Bank of Montreal Mortgage Corporation, Bank of Montreal or BMO Trust Company
RSP, TFSA, RESP & RDSP: Bank of Montreal Mortgage Corporation
GICs issued by Bank of Montreal Mortgage Corporation and BMO Trust Company are guaranteed by Bank of Montreal. |
Transferability |
Yes, Non-registered only |
Available to Business Banking Client |
Yes, Non-registered only |
Statements |
Annual Statement (January/February) |
Available to Non-Residents |
No |
Continuous Savings Plan Option |
No |
Guaranteed By |
Bank of Montreal (BMO) |
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