BMO RateOptimizer® Max GIC
BMO RateOptimizer® Max GIC |
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Product Overview |
BMO RateOptimizer®
Max
GIC
is an ideal choice for long-term investors. Offering a unique solution that takes the proven "laddered" investment strategy to an advanced level by offering investors ongoing premium interest rates.
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Key Benefits |
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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 premium five-year interest rates on your funds.
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Laddered Investment Strategy
– Automatic, long-term rate diversification and interest rate growth potential with ease of management, convenience and flexibility.
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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®
Max
GIC 5-year renewal rate.
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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.
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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.
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Principal protection
– Guaranteed by Bank of Montreal and eligible for
CDIC insurance
.
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A choice of interest payment options
– Interest is payable monthly, annually or may be compounded annually and paid at maturity.
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