BMO S&P 500™ Market Index GIC
| BMO S&P 500™ Market Index GIC |
|
| Item |
Details |
| Term(s) |
A 3 or 5-year term |
| 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, 1 year GIC at current rate (unless other instructions provided) |
| 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* |
Unlimited
*Depending on the performance of the reference portfolio. |
| Availability |
Available continuously on a weekly basis |
| CDIC Eligibility |
Eligible for CDIC deposit insurance (up to applicable limits) |
| Reference Portfolio |
S&P 500 IndexTM
This index is based on a large number of U.S. industrial, financial, utility, and transportation stocks, which are weighted in the index by their market capitalization.. The S&P 500 has become the main gauge for measuring the investment performance of institutional investments in the United States because of its broad industry coverage. |
| Tax Treatment |
Non-registered only:
The returns, if any, will be taxed at maturity as interest income. |
| Terms & Conditions |
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