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Guaranteed Investment Certificates (GICs)



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What’s a GIC?

Guaranteed Investment Certificates (GICs) are safe, secure investments that offer a wide range of options to suit your needs.
What makes them so safe? They have a guarantee to protect 100% of your principal, which means that no matter what happens with the market, you’ll never lose your initial investment.

Your investment style. Your financial plan.

Are you a big-dreamer, but not a big risk-taker? A BMO Smart ReturnTM GIC can offer growth potential, with no risk to your principal investment.

Whatever your comfort level, experience or style, we'll create a financial plan that's just right for you.

Benefits

Security

100% of your initial investment is protected

Reliability

Can be used to generate steady investment income

Versatility

Create a portfolio using conventional GICs or use Market-linked GICs for great return potential linked to the equity markets

Numbers you need to know

  • 2.25%
    18 month Special Rate GIC1
    $1000 minimum investment required
    Based on annual or annual compound interest payment option
  • 2.65%
    3 year Special Rate GIC1
    $1000 minimum investment required
    Based on annual or annual compound interest payment option
  • 20%
    Maximum return potential of a BMO Smart Return GIC at the end of a 4 year term.*

GICs

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Cashable GICs offer competitive returns without locking in your money — so you can access your money when you want.
View our GIC products and rates
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Earn higher rates of return on your investments when you lock in your money for a full term.
View our GIC products and rates
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Add to your income in retirement or even earlier, with monthly, semi-annual or annual payments.
View all GIC products and rates
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Do you spend a lot of time in the U.S.? Our U.S. Dollar GICs are a convenient, easy-to-use option2.
View all GIC products and rates
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Enjoy the principal protection of GICs with the higher return potential of the equity markets.
View all GIC products and rates

Want to know more about GICs?

Want to learn more about GICs?

What can I use GICs for?

You can use GICs to save for short or long-term investment goals, from car purchases to retirement. You can even use them to generate investment income and pay yourself monthly, quarterly, or annually.

Which plans can I use GICs with?

GICs can be used for almost any kind of registered or non-registered investment or savings plan, including:

Tax Free Savings Accounts (TFSAs)
Registered Retirement Savings Plans (RRSPs)
Registered Retirement Income Funds (RRIFs)
Registered Education Savings Plans (RESPs)

Helpful tools & resources

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How to get the most out of GICs

Wondering how GICs fit into your investment plan? We cover the benefits and debunk the myths.
Get the facts

Start investing with GICs

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Sign in to purchase a new GIC.
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* Not compounded. BMO Smart Return GICs are issued by Bank of Montreal Mortgage Corporation and guaranteed by Bank of Montreal. The principal amount of a BMO Smart Return GIC is guaranteed and is repayable upon maturity, and in addition, the GIC provides a minimum guaranteed rate of return, but there is no guarantee that you will receive any additional return based upon the performance of the underlying investments. The rate of return for the term payable is the return on the Reference Portfolio, but will not be less than the Guaranteed Rate of Return for the Term or more than the Maximum Rate of Return for the Term. The return on the Reference Portfolio, if any, is determined without reference to any dividends or distributions paid on the securities in the index and is the simple average of the percentage changes in (i) the value of each index in the Reference Portfolio as of the market close 2 business days after the issue date of the GIC, and (ii) the closing values of each index on the calculation date set out in the Terms and Conditions for the GIC. The rate of return for the term is not an annual rate but is the rate of return over the entire term of the GIC. If market disruptions or other special circumstances affect the calculation of the return, the calculation agent may adjust or delay the calculation or payment of interest, estimate the value of the underlying index or a security in the underlying index, replace a security or the underlying index and/or determine the amount of interest, if any, that may be payable in an alternate manner. The rate of return, if any, is based on a price return index, not a total return index. CDIC coverage applies for terms of 5 years or less for CAD GICs, up to applicable limits. Visit www.cdic.ca for more information. The Terms and Conditions for BMO Smart Return GICs are available at your local BMO Bank of Montreal branch.
TM/® Trademarks of Bank of Montreal. Trademarks of Band of Montreal.
“S&P” is a trademark of The McGrawHill Companies Inc. “TSX” is a trademark of TSX Inc. These marks have been licensed for use by Bank of Montreal. The BMO Fund Linked GIC is not sponsored, endorsed, sold or promoted by Standard & Poor’s or the Toronto Stock Exchange and neither party makes any representation regarding the advisability of investing in the BMO Fund Linked GIC.
1$1,000 minimum investment is required, subject to the following exceptions: (i) $500 minimum investment required for GICs purchased within an Registered Education Savings Plan (RESP) and (ii) $5,000 minimum investment required if a monthly interest payment option is chosen (Note: this option is not available for registered investments such as RESPs, registered retirement savings plans etc.)
2U.S. Dollar Term Deposits are not eligible for Canada Deposit Insurance Corporation (CDIC) insurance coverage.