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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

  • $1,000
    Minimum investments start as low as $1,0001
  • 40%
    Maximum return potential of a BMO Fund Linked GIC at the end of a 5 year term.4
  • 20%
    Maximum return potential of a BMO Smart Return GIC at the end of a 4 year term.2


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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 option3.
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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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.)
2Interest is paid annually or compounded annually and paid at maturity. Interest rates are subject to change at any time without prior notice. Cashable in full on each anniversary of the issue date (no partial redemptions permitted).
3U.S. Dollar Term Deposits are not eligible for Canada Deposit Insurance Corporation (CDIC) insurance coverage.
4BMO Fund Linked GIC is issued by Bank of Montreal Mortgage Corporation (BMMC) and guaranteed by Bank of Montreal.  The principal amount of the BMO Fund Linked GIC is guaranteed and is repayable upon maturity, but there is no guarantee you will receive any return linked to the performance of the underlying securities.  The rate of return will be the return on the Reference Portfolio, except that the rate of return will not be less than zero and will not be greater than the Maximum Rate of Return for the Term.  The rate of return is not an annual rate but is the rate of return over the entire term of the GIC. The return on the Reference Portfolio is equal to the weighted average of the percentage  changes in the prices of the securities comprising the Reference Portfolio, calculated as a percentage using the securities weightings set out in the Summary.  The percentage change in the price of a security in the Reference Portfolio is equal to the percentage increase or decrease between the price of the security on the second business day after the Issue Date and the Calculation Date.  The return on the reference portfolio will not include any distributions or dividends on the securities.  For more information about the BMO Fund Linked GIC, visit your local BMO Bank of Montreal branch.  BMO Exchange Traded Funds are managed by BMO Asset Management Inc., and investment fund manager and portfolio manager, and a separate legal entity from the Bank 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.