BMO RateOptimizer® Plus GIC
BMO RateOptimizer® Plus GIC |
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Product Overview |
BMO RateOptimizer® Plus GIC is an
ideal choice for long-term investors. A unique solution that takes the proven
"laddered" investment strategy to an advanced level. Offering ongoing,
competitive interest rates plus access to 25% of the outstanding balance once
each anniversary year.
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Key Benefits |
Maximum returns - Start off right! You don’t need to sacrifice your initial earnings to build a long-term laddered portfolio of GICs, as you will always earn a special five-year interest rates on your funds.
Laddered Investment Strategy - Automatic, long-term rate diversification and interest rate growth potential with ease of management, convenience and flexibility.
Upside potential in a rising interest rate environment - You can benefit from rising interest rates - 20% of the investment is re-invested each year at the prevailing, BMO RateOptimizer® Plus GIC 5-year renewal rate.
Downside protection in a falling interest rate environment - You can elect to lock-in your current blended rate for the remaining term, protecting your rate of return if rates go down.
Access to funds - A competitively priced laddered GIC solution that provides one-time access to a maximum of 25% of the outstanding GIC balance anytime during each anniversary year.
Investment maturity control - At any time prior to each anniversary, you can elect not to extend your investment. The maturity date will be established 5 years from your previous anniversary date, and will lock-in the blended rate in effect at that time.
Principal protection - Guaranteed by Bank of Montreal and eligible for CDIC deposit insurance.
A choice of interest payment options - Interest is payable monthly, annually or may be compounded and paid at maturity.
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