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Continuous Savings Plans (CSP)

Take control of your savings! Set up a Continuous Savings Plan (CSP) to build your wealth with regular, automatic contributions from your bank account into your investment account.

Sign in to open a new Continuous Savings Plan totally or modify your existing CSP

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About CSPs


Whether you’re saving for retirement, a child’s education, or planning a major
purchase, a CSP can make it easier. A CSP is:


Saves you valuable time and makes it easy to save for your goals, and you'll never have to worry about making last-minute lump-sum investments.


You can regularly invest as little as $50 according to the schedule that works best for you, with no setup fee.


Compound growth on your savings speeds up your progress towards your goals. Investing early and often through a CSP is an ideal way to take advantage of this powerful effect.


See how quickly your savings grow when you invest regularly



It can be hard to find the money to make large, lump sum investments during the year. Consider the benefits of making automatic, monthly contributions to your investment account with a BMO Continuous Savings Plan (CSP).


Smaller amounts on a regular basis can make a big difference over the long term.

Benefits of investing regularly


  • Easy to work into your budget
  • Helps keep you focused on long-term goals
  • Helps you avoid market timing and emotional investment decisions


How we can help


A BMO Investment Professional will 
work with you to:

  • Understand your goals
  • Find the right investment for you
  • Determine the right amount to invest each month





Comparison: Using Actual Market Results for S&P/TSX Index

The following example uses actual market results during a volatile market period to illustrate the difference a CSP and dollar cost averaging can have on your investment.




How Dollar Cost Averaging Works

With dollar cost averaging, you buy more units of mutual funds when prices are low and fewer when prices are high. Over time, this can reduce your average cost per unit.


Take advantage of all the dips

During market dips, your CSP contributions will buy more shares and, as the market goes up over time, those shares increase in value. Continuously investing, can help you grow your savings faster over time.





Open a CSP online

Sign in to open a new Continuous Savings Plan today or modify your existing CSP.