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to Canada’s top financial institutions
The best overall GICs in Canada
Mikael Castaldo, Senior Business Manager Everyday Banking
About BMO Bank of Montreal
BMO Financial Group is a provider of diversified financial services, ranging from personal and commercial banking to wealth management and capital markets services. Overall, BMO Financial Group has over 12 million customers internationally. Specifically, BMO Bank of Montreal handles all of the bank’s personal and commercial banking. When banking with BMO, you can expect 24/7 customer support via online banking, telephone and mobile banking, or branch locations during operating hours.
BMO Bank of Montreal GIC rates
BMO Bank of Montreal has a list of guaranteed investment certificate (GIC) products you can choose from. Within this list, you can find cashable, non-cashable, market-linked, and U.S. dollar GICs. Amongst cashable and non-cashable GIC investments, you can also choose between short-term and long-term investment periods. To buy a GIC from BMO, you require a minimum investment of at least $1,000.
A six-year, non-registered GIC with BMO offers one of the most competitive interest rates in the Canadian market. Interest rates for individual BMO GICs will vary based on term length, with BMO’s 10-year GICs offering the highest rates.
Compare other BMO Bank of Montreal products
As one of Canada’s five largest banks, BMO Bank of Montreal also offers a number of chequing and savings accounts tailored to different customers within its personal and commercial banking services. Within BMO’s products and services, you can find cash back and travel rewards credit cards.
Mikael is a Senior Business Manager at Ratehub.ca and the driving force behind our Everyday Banking Team. He knows everything there is to know about the best credit cards and bank accounts, and works closely with Canada’s top financial institutions - from banks to credit unions - to help ensure our over 1,200,000 monthly users get matched with the right plastic. A numbers guy at heart, having worked as a strategy consultant at the Boston Consulting Group, he’s found himself right at home as a personal finance expert at Ratehub.ca.read linkedin bio
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