Personal Finance

BMO GIC Rates as of Februray 2024

In the vast landscape of financial investments, BMO GIC rates emerge as a secure and lucrative option for individuals seeking stability and growth in their portfolios.

BMO’s Guaranteed Investment Certificates (GICs) stand out in the market for their reliability and competitive returns.

In this article, we will discuss the BMO offers both Fixed Rate GICs, providing a set interest over a predetermined period, and Variable Rate GICs, offering flexibility with interest rates.

BMO GIC Interest Rates Special Offer

Assess your financial goals and choose a GIC term that aligns with your investment timeline. Optimize returns by reinvesting interest earned, compounding your wealth over time.

BMO GIC rates

BMO Special Offer GIC Interest Rates

GIC TermInterest Rate

BMO GIC Rates Non-Cashable Investments

GIC Term Investment Annual / Annual Compound Interest Payment OptionMonthly / Semi-Annual Interest Payment Option
1 year – under 18 months$1,000+4.750% 4.650%
18 months – under 19 months$1,000+4.750%4.650%
19 months – under 2 years$1,000+4.750%4.650%
2 years – under 3 years$1,000+4.000%3.900%
3 years – under 4 years$1,000+4.500%4.400%
4 years – under 5 years$1,000+4.000%3.900%
5 years – under 6 years$1,000+4.000%3.900%
6 years – under 7 years$1,000+4.250%4.150%
7 years exactly$1,000+4.300%4.200%
10 years exactly$1,000+4.350%4.250%

BMO Cashable Rate Riser GIC Rates

3 Years of InvestmentInterest Rates
1st year3.000%
2nd year4.000%
3rd year5.000%
Annual Compound Equivalent for 3 years4.000%

BMO Rate Riser GIC Rates

GIC Years of Investment2 Years3 Years5 Years
1st Year3.800%4.250%3.800%
2nd Year4.000%4.400%3.850%
3rd Year4.550%3.900%
4th Year3.950%
5th Year4.000%
Annual Compound Equivalent3.900%4.400%3.900%

BMO Air Miles GIC Rates

GIC Term$5,000 – $24,999$25,000 – $99,999$100,000 – $249,999$250,000 – $499,999$500,000 – $999,999
364 days3.000%3.000%3.000%3.000%3.000%

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Benefits of Investing in BMO GIC Rates

  1. Security and Stability: BMO GICs are known for their stability, making them an ideal choice for risk-averse investors.

2. Competitive Interest Rates: Enjoy attractive interest rates that outperform traditional savings accounts, ensuring your money works harder for you.

3. Flexibility in Terms: BMO GICs provide flexibility in choosing terms, allowing investors to align their investments with their financial goals.