| Item |
Details |
| Term(s) |
2 years, consisting of 2 periods |
| 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 |
Semi-Annual Statement (January/February & July/August)
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* |
0.75% - 8.75% or 0.375% - 4.375% annually
*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 |
| Power Corporation of Canada (POW) |
10% |
| Barrick Gold Corp. (ABX) |
10% |
| Potash Corporation of Saskatchewan Inc. (POT) |
10% |
| Thomson Reuters (TRI) |
10% |
| Fortis Inc. (FTS) |
10% |
| Toronto-Dominion Bank (The) (TD) |
10% |
| Nexen Inc. (NXY) |
10% |
| Canadian Pacific Railway Ltd. (CP) |
10% |
| Royal Bank of Canada (RY) |
10% |
| Rogers Communications Inc., Class B (RCI.B) |
10% |
| Total |
100% |
|
| Tax Treatment |
Non-registered only:
Accrued interest is taxed yearly as interest income. Interest, if any, is payable at the end of the term of the investment. |
| Terms and Conditions |
|
