How is the interest calculated?

The interest is compounded and paid at the end of the term. If a redemption has been completed before the end of the term, the return will be different.

Are these the full list of BMO GIC products available?

No, we have other GIC products that can suit your needs such as our Market-Linked GICs. Market Linked GIC provides you with the opportunity to invest in the market while having 100% principle protection. A great way to diversify you GIC portfolio and have the possibility to have a higher return than a conventional GIC. Visit our GIC List page for more information.

Can I invest in GICs with a Continuous Savings Plan (CSP)?

No. It is not possible to set up a Continuous Savings Plan to invest in GICs. If you wish to purchase GICs at regular intervals, for example, as part of a monthly laddering strategy, you must buy each GIC through your branch or online, and not as part of a CSP.

Does it make a difference if I buy a GIC in a registered account or a non-registered account?

You can buy select GICs in registered accounts like RRSPs, TFSAs, RRIFs, RESPs, or RDSPs, as well as non-registered accounts. Thanks to their valuable tax advantages, registered accounts are an ideal way for many investors to enjoy the benefits of a GIC. This is especially true because interest is 100% taxable. For this reason, many investors choose registered accounts for their GICs, and non-registered accounts for other investments like equity mutual funds, since capital gains are taxed more favourably than interest. Ultimately, what account type to invest in depends on your own needs, and a personal tax advisor can help you build a tax-smart strategy. Just remember not to invest more than your contribution limit in a registered account, or you could be subject to CRA penalties. Visit our GIC List page to see if you can purchase your selected GIC in a registered product.

Does this calculator include taxes?

No. The GIC calculator does not take any tax considerations into account. Depending on the type of account you invest your GIC in, there may be withholding taxes, interest income tax, contribution limits, or other tax considerations to be aware of. A personal tax advisor can provide guidance on the right tax strategy for you as you save.

What interest rate and term should I enter?

The interest rate will automatically be assigned once you have chosen the product. The right GIC for you will depend on factors such as when do you require your funds, and how much interest income you need. However, it’s important to note that BMO may not offer a GIC matching the interest rate and term you enter into the calculator. Review our available rates and terms, or book an appointment with a BMO investment professional to help find the right GIC for your needs.

GIC Calculator

Guaranteed Investment Certificates (GICs) are an ideal way to save, offering security, stability, and a range of choices, all with 100% protection of your initial investment.

Learn how a GIC can help you reach your best financial future
Discover the effect of compounding – the snowball effect of interest on top of interest
Explore different scenarios to see what makes sense for your goals

GIC calculator

A unique benefit of most GICs is the ability to know in advance the size of your return.
Try our calculator to discover how your investments can grow.

Your estimated growth:

Product recommendation:

BMO Guaranteed Investment Certificate (GIC)

存款期：

Interest rate: %footnote 3

Minimum investment amount: $1000

Plan eligibility: Non-Registered, RRSP, RESP,TFSA, RDSP, RIF

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Other options:

BMO定期存单

存款期：

Interest rate: %footnote 2

Minimum investment amount: $1000

Plan eligibility: Non-Registered, RRSP

RateRiser Max GIC

存款期：

Interest rate: %footnote 1

Minimum investment amount: $1000

Plan eligibility: Non-Registered, RRSP, RESP,TFSA, RDSP, RIF

Learn more about GIC products

GIC FAQs

You can buy select GICs in registered accounts likeRRSP, TFSA, RRIF, RESP或 RDSP, as well as non-registered accounts. Thanks to their valuable tax advantages, registered accounts are an ideal way for many investors to enjoy the benefits of a GIC. This is especially true because interest is 100% taxable. For this reason, many investors choose registered accounts for their GICs, and non-registered accounts for other investments like equity mutual funds, since capital gains are taxed more favourably than interest. Ultimately, what account type to invest in depends on your own needs, and a personal tax advisor can help you build a tax-smart strategy. Just remember not to invest more than your contribution limit in a registered account, or you could be subject to CRA penalties. Visit our GIC列表 page to see if you can purchase your selected GIC in a registered product.
The interest rate will automatically be assigned once you have chosen the product. The right GIC for you will depend on factors such as when do you require your funds, how much interest income you need and However, it’s important to note that BMO may not offer a GIC matching the interest rate and term you enter into the calculator. Review our available rates and terms或预约 with a BMO investment professional to help find the right GIC for your needs.

Invest in a GIC

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Visit our contact page to find your preferred way to get in touch with a BMO investment professional.

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If you have an investment account, you can sign in to purchase GICs.

- 1. Interest is calculated daily, compounded annually and paid at maturity. The indicated interest rate is the annual compound equivalent and is subject to change at any time. The terms and conditions of this offer, including its overall availability, are at the sole and absolute discretion of BMO and are subject to change at any time without prior notice.
- 2. Interest is calculated daily, paid semi-annually or compounded annually and paid at maturity. 指示利率随时可能发生变更。 The terms and conditions of this offer, including its overall availability, are at the sole and absolute discretion of BMO and are subject to change at any time without prior notice.
- 3. Interest is calculated daily, paid annually or compounded annually and paid at maturity.指示利率随时可能发生变更。 The terms and conditions of this offer, including its overall availability, are at the sole and absolute discretion of BMO and are subject to change at any time without prior notice.

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