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Guaranteed Investment Certificates (GICs)



Browse our latest GIC products and compare rates, terms, and plan eligibility. Use the quick sorter to filter GICs by features, or search by cashability and term length to find the right GIC for your portfolio.

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)
Continuous Savings Plans (CSPs)

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

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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.