Item |
Details |
Term(s) |
5 years |
Access to Funds |
Not cashable prior to maturity |
Interest Payment Option |
Monthly or paid at maturity |
Minimum Investment Amount |
$10,000 |
Plan Eligibility |
|
Automatic Reinvestment |
Yes, to another 5- year BMO Income Generator with rates in effect at time of renewal and same income payment amount (unless other instructions provided).
Exception: In situations where the income payment amount cannot be supported over the full 60-month term, the funds will be reinvested into a 1 year non-redeemable GIC. |
Issued By |
Bank of Montreal Mortgage Corporation (BMMC) |
Transferability |
Yes |
Available to Business Banking Client |
Yes |
Statements |
Annual Statement (January/February)
|
Available to Non-Residents |
No |
Continuous Savings Plan Option |
No |
Guaranteed By |
Bank of Montreal |