BMO Cashable RateRiser® GIC
| BMO Cashable RateRiser® GIC |
|
| Item |
Details |
| Term(s) |
3 years |
| Access to Funds
|
Cashable in full on the 15th day of each month during the first year, and on the first and second anniversary of the issue date. (No partial redemptions permitted.) |
| Interest Payment Option |
Non-registered: Interest paid annually or compounded annually and paid at maturity.
RSP: Interest compounded annually and paid at maturity.
TFSA: Interest paid annually to a TFSA Savings Account or compounded annually and paid at maturity. |
| Minimum Investment Amount |
$1,000 |
| Plan Eligibility |
RSP / TFSA / RDSP |
| Automatic Reinvestment |
Yes, 1 year GIC at current rate (unless other instructions provided) |
| Issued By |
Bank of Montreal Mortgage Corporation (BMMC) |
| Transferability |
Yes, Non-registered only |
| Available to Business Banking Client |
Yes, Non-registered only |
| Statements |
Semi-Annual Statement (January/February & July/August), or Monthly Account Tracker Statement |
| Available to Non-Residents |
No |
| Continuous Savings Plan Option |
No |
| Guaranteed By |
Bank of Montreal (BMO) |
|
|
