| 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 |
The G7 Index is a diversified portfolio of broad based market indices from the G7 countries (Canada, U.S., Japan, U.K., Germany, France, and Italy).
| G7 Country |
Market Index |
Percentage |
|
| Canada |
S&P/TSX 60™ |
25% |
| U.S. |
S&P 500™ |
25% |
| Japan |
Nikkei 225 |
10% |
| Germany |
DAX |
10% |
| France |
CAC |
10% |
| U.K. |
FTSE |
10% |
| Italy |
MIB |
10% |
| Total |
|
100% |
|
| Tax Treatment |
Non-registered only:
The returns, if any, will be taxed at maturity as interest income. |
| Terms & Conditions |
|
