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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.

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100% of your initial investment is protected


Can be used to generate steady investment income


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

  • 1.70%
    18 month Special Rate GIC1

    Rate available with annual interest payments or compounded annually and paid at maturity.
  • 2.00%
    Earn 2.00% per year guaranteed with the
    3 year Special Rate GIC1

    Rate available with annual interest payments or compounded annually and paid at maturity.
  • 2.00%
    Earn 2% guaranteed with the
    BMO Blue Chip GIC - with the potential to earn more* - at the end of 5 years3

    *Based on market performance


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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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TM/® Trademarks of Bank of Montreal. Trademarks of Band of Montreal.
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.)
2. U.S. Dollar Term Deposits are not eligible for Canada Deposit Insurance Corporation (CDIC) insurance coverage.
3. BMO Blue Chip GICs are issued by Bank of Montreal Mortgage Corporation and guaranteed by Bank of Montreal. The principal amount of a BMO Blue Chip 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 you will receive any additional return based on the performance of the Reference Portfolio. The Rate of Return for the Term payable is the return on the Reference Portfolio multiplied by the Participation Rate, except that it will not be less than the Guaranteed 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. The Terms and Conditions for BMO Blue Chip GICs are available at your local BMO Bank of Montreal branch. The indices comprising the Reference Portfolio are products of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and TSX Inc., and have been licensed for use by Bank of Montreal. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Bank of Montreal. TSX® is a registered trademark of TSX Inc., and has been licensed for use by SPDJI and Bank of Montreal. The BMO Blue Chip GIC is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, or TSX Inc. and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the indices comprising the Reference Portfolio. Rates are as of March 30, 2019 and subject to change at any time.