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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
  • 28%
    Maximum return potential of a BMO® Growth GIC at the end of a 4 year term4,5
  • 2.20%
    Initial rate on a 5 year BMO RateOptimizer® Plus GIC2


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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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Offers are subject to change or withdrawal at any time.
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 Interest is payable monthly, annually or may be compounded and paid at maturity
3 U.S. Dollar Term Deposits are not eligible for Canada Deposit Insurance Corporation (CDIC) insurance coverage.
4 BMO Growth GICs are issued by Bank of Montreal Mortgage Corporation and guaranteed by Bank of Montreal. The principal amount of a BMO Growth GIC is guaranteed and is repayable upon maturity, but there is no guarantee of earning any return linked to the performance of the underlying securities. The rate of return for the term payable, if any, will be the return on the portfolio of investments which are the basis for calculating the return on the BMO Growth GIC (the “Reference Portfolio”) subject to the following: the rate of return for the term will not be less than zero or more than the maximum rate of return for the 4 year term, which for the BMO Growth GIC series 129 is 30%. The return on the Reference Portfolio, if any, is determined without reference to any dividends or distributions paid on the securities and is the simple average of the percentage changes in the value of each underlying security in the Reference Portfolio over the term of the BMO Growth 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 an underlying security, replace a security and/or determine the amount of interest, if any, that may be payable in an alternate manner. The terms and conditions for BMO Growth GICs are available at your local BMO Bank of Montreal branch. BMO Growth GICs are not available in RRSPs if the BMO Growth GIC’s maturity date is after the date you are required to convert your RRSP to a RRIF.
5 This is the maximum rate of return. The rate of return for the term: (i) is not compounded; (ii) as set out in this advertisement is based on the BMO Growth GIC series 129 and the maximum rate of return for the term is subject to change between series; and (iii) is not an annual rate but is the rate of return over the entire term of the BMO Growth GIC.