| 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 |
| Automatic Reinvestment |
Yes, unless other instructions provided
Non-registered:
1 year GIC at current rate
RSP:
1 year GIC at current rate or RSP Premium Rate Savings account |
| Issued By |
Bank of Montreal Mortgage Corporation (BMMC) |
| Transferability |
No |
| Available to Business Banking Client |
Yes, Non-registered only |
| Statements |
Annual Statement (January/February), or Monthly Account Tracker Statement |
| Available to Non-Residents |
No |
| Continuous Savings Plan Option |
No |
| Guaranteed By |
Bank of Montreal |
| Total Return Potential for the Term* |
0% - 10.50%, equivalent to an annual non-compounding rate of between 0 and 3.50%
*Depending on the performance of the reference portfolio |
| 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 |
S&P/TSX Banks Index®*
* The S&P/TSX Banks Index® is an index containing the banks included in the S&P/TSX Composite Index. |
| 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 |
|
