| Item |
Details |
| Term(s) |
5 years |
| Access to Funds
|
Not cashable prior to maturity |
| Interest Payment Option |
Monthly or paid at maturity |
| Minimum Investment Amount |
$10,000 |
| Plan Eligibility |
|
| Automatic Reinvestment |
Yes, to another 5- year BMO Income Generator with rates in effect at time of renewal and same income payment amount (unless other instructions provided).
Exception: In situations where the income payment amount cannot be supported over the full 60-month term, the funds will be reinvested into a 1 year non-redeemable GIC. |
| Issued By |
Bank of Montreal Mortgage Corporation (BMMC) |
| Transferability |
Yes |
| Available to Business Banking Client |
Yes |
| Statements |
Semi-Annual Statement (January/February & July/August)
Monthly, BMO Account Tracker Statement |
| Available to Non-Residents |
No |
| Continuous Savings Plan Option |
No |
| Guaranteed By |
Bank of Montreal |
