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RESP investment options

An RESP offers investment flexibility. A wide range of investment options let you tailor a plan to meet your and your children's needs. BMO Bank of Montreal has products and plans to help you make the most of education savings.

Calculate education costs and savings needs with our Education Savings Calculator.

Explore your options

Savings Account

This account offers you security and flexibility while earning you a competitive rate of interest. Eligible for the Continuous Savings Plan that spreads your contribution over the year.

Interest Rate
0.500% on cash savings


  • Earn interest on every dollar
  • Interest is calculated daily on the closing balance and paid monthly
  • Eligible for CDIC deposit insurance up to applicable limits
  • Transfer funds to invest in GICs and Mutual Funds at any time1
  • Invest regularly by setting up a Continuous Savings Plan
  • Rates are calculated on a per annum basis. Rates shown are subject to change without notice.

BMO Target Education Portfolios

The BMO Target Education Portfolios are specifically designed to meet the needs of individuals saving for their child’s post-secondary education. Simply match your child’s year of birth to the portfolio date closest to when you think they will head off to school and we will take care of the rest.


BMO Mutual Funds

BMO Mutual Funds let you choose from a wide range of professionally-managed, diversified funds for an RESP. We have funds to meet any education investment objective.

Learn more

BMO Term Investments

Looking for security and stable guaranteed returns in an RESP? Then consider BMO Guaranteed Investment Certificates (GICs).

Learn more

Meet with us

Visit your nearest BMO Bank of Montreal Branch, or book an appointment online to meet an Investment Professional. Pick a date and time that works for you.

Make sure to bring:

Connect with us

BMO Nesbitt Burns clients can open BMO RESPs through their advisors.
Self-directed investing

Self-directed investing

You can open an RESP securely online through BMO InvestorLine.

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InvestorLine client?

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Investment resources

BMO RESP are offered by BMO Investments Inc., a financial services firm and a separate legal entity from Bank of Montreal. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. RESP are not guaranteed, their values change frequently and past performance may not be repeated.

1 provided minimum investment amount is met. back