Item |
Details |
Term(s) |
2, 3 or 5 years |
Access to Funds |
Cashable in full on each 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 / RIF: 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 / RIF / 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, RIF, 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) |