BMO GIC Calculator (2026)

Calculate your guaranteed interest payout on Bank of Montreal (BMO) Guaranteed Investment Certificates. Compare 1-year to 5-year fixed terms, evaluate TFSA and RRSP tax advantages, and explore cashable flexibility.

CDIC insuredRates verified October 22, 2026

Calculate your BMO Bank of Montreal GIC return

Deposit amount

Minimum deposit: $1,000

Term

Account type

Marginal tax rate

1-year rate

3.00%

Compounded annually

Interest earned

+$300.00

At maturity $10,300.00

Average per year: $300.00
After tax (30%): $210.00

Get this rate at BMO Bank of Montreal

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BMO Bank of Montreal GIC rates

Non-redeemable terms, verified October 22, 2026. Returns shown on a $10,000 deposit.

Term	Rate	Interest	At maturity
1 year	3.00%	+$300.00	$10,300.00
2 year	3.20%	+$650.24	$10,650.24
3 year	3.30%	+$1,023.03	$11,023.03
4 year	3.35%	+$1,408.85	$11,408.85
5 year	3.55%	+$1,905.58	$11,905.58

About BMO Bank of Montreal GICs

Bank of Montreal is Canada's oldest chartered bank, offering one of the most comprehensive suites of fixed-income products in the country. BMO GICs appeal to conservative investors who prioritize security of principal and predictable cash flow. While BMO's standard posted rates on short terms may be moderately lower than alternative digital credit unions, their promotional Special Offer GICs frequently offer competitive yields on 1-year to 3-year commitments. Furthermore, holding your GICs within BMO allows for seamless integration with BMO SmartFolio or InvestorLine registered accounts.

$1,000 standard minimum investment across most terms
Eligible for TFSA, RRSP, RRIF, and Non-Registered accounts
Backed by CDIC insurance up to $100,000 per insured category

BMO Cashable GIC

Provides flexible liquidity with guaranteed interest. You can cash out anytime without penalty after an initial 30-day holding period, making it suitable for short-term funds.

BMO RateRiser MAX GIC

Features a guaranteed interest rate that steps up each year over a multi-year term, with full annual cashability on each anniversary date.

BMO Income Generator GIC

Engineered specifically for retirees and income-seeking investors, distributing interest monthly or quarterly directly into your chequing or savings account.

Need immediate liquidity? See BMO savings account rates → · Spreading deposits across maturities? Build a GIC ladder →

Frequently Asked Questions

Essential answers about BMO Bank of Montreal GIC terms, interest payout options, and early redemption rules.

What is the current BMO 1-year GIC rate?

As of October 22, 2026, BMO's leading 1-year non-redeemable fixed rate is approximately 3.00% APY. Rates can vary depending on whether you open the deposit online or through an in-branch financial advisor.

Can you cash out a BMO GIC before maturity?

Standard BMO Non-Redeemable GICs cannot be cashed out prior to maturity except under verified extreme financial hardship or estate settlement. However, BMO Cashable GICs can be redeemed at any time after the first 30 days without penalty, with accrued interest paid up to the day of withdrawal.

Are BMO GICs safe and insured by CDIC?

Yes, BMO (Bank of Montreal) is a member institution of the Canada Deposit Insurance Corporation (CDIC). Principal and interest up to $100,000 per depositor per category (e.g., individual, joint, TFSA, RRSP) are fully protected by federal deposit insurance.

What is the minimum deposit for a BMO GIC?

The standard minimum deposit for most BMO non-redeemable and cashable GICs is $1,000 CAD. Some specialty market-linked GICs may require higher minimums.