Item |
Details |
Term(s) |
3 years |
Access to Funds |
Not redeemable prior to maturity |
Interest Payment Option |
At maturity only |
Minimum Investment Amount |
$1,000 |
Plan Eligibility |
RSP / RESP / RIF / TFSA |
Automatic Reinvestment |
Yes, unless other instructions provided
Non-registered:
1 year GIC at current rate
RSP, RIF, RESP, TFSA:
Premium Rate Savings Account |
Issued By |
Bank of Montreal Mortgage Corporation (BMMC) |
Transferability |
No |
Available to Business Banking Client |
Yes, Non-registered only |
Statements |
Non-registered and RSP
Annual Statement (January/February)
TFSA, RESP and RIF
Quarterly Statements
|
Available to Non-Residents |
No |
Continuous Savings Plan Option |
No |
Guaranteed By |
Bank of Montreal |
Total Return Potential for the Term* |
|
Availability |
Available in a monthly Series. See the Series tab for the current available monthly Series. |
CDIC Eligibility |
Eligible for CDIC deposit insurance (up to applicable limits) |
Reference Portfolio for the Series |
|
Tax Treatment |
Non-registered only:
Interest, if any, will generally be taxed at maturity as interest income. See the Investment Terms and Conditions for a more detailed discussion. |
Terms and Conditions |
|