Best BMO GIC Rates for September 2026
The Bank of Montreal, also known as BMO, is one of Canada’s Big Six banks, with a large selection of financial products, including credit cards, bank accounts and investment services.
It also has a wide variety of guaranteed investment certificates (GICs), including cashable, non-cashable, market-linked and U.S. dollar GICs. BMO GICs feature interest rates in line with many of Canada’s other big banks, though they come in an impressively large selection of term lengths, from as little as a few months up to a decade.
BMO’s current GIC rates
Here are the BMO GIC rates for some of BMO’s most popular GICs, as of September 93, 2026.
Some BMO GICs offer several interest payment options, and your GIC interest rate may depend on the term and payment option you choose.
Interest Rate sorted ascending | Term | GIC Type |
|---|---|---|
0.75%, up to 18.0% | 3 years | BMO Smart Return GIC — Market-linked |
1.00%, up to 28.0% | 4 years | BMO Canadian Market GIC |
1.25%, up to 2.00% | 3 years | BMO Cashable RateRiser GIC |
Up to 1.50% | 364 days | BMO Redeemable Short Term Investment Certificate |
1.50%, up to 15.0% | 3 years | BMO Return Enhancing GIC — Market-linked |
1.50%, up to 4.50% | 5 years | BMO RateRiser Plus GIC |
1.50%, up to 36.0% | 6 years | BMO Top Performing Portfolio GIC — Market-linked |
1.75% | 30-59 days | BMO Short Term Investment Certificate — Non-Cashable |
1.75% | 60-89 days | BMO Short Term Investment Certificate — Non-Cashable |
1.75% | 90-119 days | BMO Short Term Investment Certificate — Non-Cashable |
1.75% | 120-149 days | BMO Short Term Investment Certificate — Non-Cashable |
1.75% | 150-179 days | BMO Short Term Investment Certificate — Non-Cashable |
Up to 1.75% | 364 days | BMO Variable Rate GIC |
2.00%, up to 3.00% | 2 years | BMO RateRiser Plus GIC |
2.00%, up to 24.0% | 4 years | BMO Select GIC — Market-linked |
2.00%, up to 3.50% | 3 years | BMO RateRiser Plus GIC |
2.05% | 180-269 days | BMO Short Term Investment Certificate — Non-Cashable |
2.05% | 270-359 days | BMO Short Term Investment Certificate — Non-Cashable |
2.25% | 364 days | BMO US Dollar Redeemable Short-Term Investment |
2.50%, up to 3.20% | 3 years | BMO RateRiser Max GIC |
2.50%, up to 35.0% | 5 years | BMO Fund Linked GIC — Market-linked |
2.70% | 30-59 days | BMO US Dollar Term Deposit Receipt — Cashable |
2.70% | 1 year - under 18 months | BMO Non-Cashable GIC |
2.75% | 60-89 days | BMO US Dollar Term Deposit Receipt — Cashable |
2.75% | 2 years - under 3 years | BMO Non-Cashable GIC |
2.75%, up to 3.90% | 5 years | BMO RateRiser Max GIC |
2.80% | 90-119 days | BMO US Dollar Term Deposit Receipt — Cashable |
2.85% | 120-179 days | BMO US Dollar Term Deposit Receipt — Cashable |
2.85% | 18 months - under 19 months | BMO Non-Cashable GIC |
2.85% | 19 months - under 2 years | BMO Non-Cashable GIC |
2.85% | 3 years - under 4 years | BMO Non-Cashable GIC |
2.90% | 180-269 days | BMO US Dollar Term Deposit Receipt — Cashable |
2.95% | 270 days - under 1 year | BMO US Dollar Term Deposit Receipt — Cashable |
3.00% | 4 years - under 5 years | BMO Non-Cashable GIC |
3.00%, up to 42.0% | 6 years | BMO Blue Chip GIC — Market-linked |
Up to 3.05% | 5 years | BMO RateOptimizer Plus GIC |
3.10% | 5 years | BMO RateOptimizer Max GIC |
3.10% | 5 years - under 6 years | BMO Non-Cashable GIC |
3.25% | 6 years - under 7 years | BMO Non-Cashable GIC |
3.30% | 7 years - under 10 years | BMO Non-Cashable GIC |
3.35% | 10 years exactly | BMO Non-Cashable GIC |
3.60% | 2 years - under 3 years | BMO US Dollar Term Deposit Receipt — Cashable |
3.65% | 3 years - under 4 years | BMO US Dollar Term Deposit Receipt — Cashable |
3.65% | 4 years - under 5 years | BMO US Dollar Term Deposit Receipt — Cashable |
3.70% | 1 year - under 2 years | BMO US Dollar Term Deposit Receipt — Cashable |
3.70% | 5 years | BMO US Dollar Term Deposit Receipt — Cashable |
7.50%, up to 25.0% | 5 years | BMO Growth GIC — Market-linked |
BMO GIC fast facts
$1,000 typical minimum. Some GICs require a larger investment, including certain products that pay interest monthly.
Terms from 30 days to 10 years. Available terms depend on the GIC.
Wide product selection. BMO offers cashable, non-cashable, escalating-rate, market-linked and U.S.-dollar GICs.
Multiple account types. GICs can be held in non-registered accounts or registered plans, including RRSPs, RESPs, RRIFs, TFSAs and RDSPs.
CDIC protection. Eligible deposits are covered by CDIC insurance within applicable limits.
What to know about BMO GICs
Founded in 1817, the Bank of Montreal is Canada’s oldest bank. It’s the eighth largest bank in North America, with total assets of more than $1 trillion. BMO’s GIC offerings are in line with Canada’s other Big Banks in terms of interest rates, but may not be as competitive as online-only banks like EQ Bank or Tangerine.
Most GICs at BMO appear to require a minimum deposit of $1,000. BMO GICs feature guaranteed interest rates and the flexibility to select from a range of payment options (such as yearly, monthly or semi-annual interest) and terms.
Generally, you’ll get a slightly better interest rate if you go with the yearly payment option, and you may also be required to put down a larger deposit (as much as $5,000) if you want monthly payments. BMO’s non-cashable GICs typically have slightly better interest rates than the bank’s cashable GICs. BMO GICs are eligible for coverage with the Canadian Deposit Insurance Corporation (CDIC).
Selecting a BMO GIC is a personal decision and will depend on your own unique financial goals and preferences. Your best bet is to research the features and benefits of each type of GIC to determine which option best aligns with your goals. Things to consider include:
The purpose of your investment, such as whether you’re looking for a short-term investment or long-term savings.
Whether or not you’re comfortable with locking your money in for several years, as the bank may not allow you to withdraw funds early from a non-redeemable GIC.
Your risk tolerance. While regular GICs are guaranteed, market-linked GICs involve some level of risk because they are tied to the performance of other assets.
Overall, the things you’ll want to consider when choosing a BMO GIC include the following:
Types of GICs available.
Interest rates.
Variety of terms.
Types of BMO GICs
The Bank of Montreal has a large selection of GICs, including cashable, non-cashable, RateRiser GICs (where the rate rises each year), market-linked GICs, and U.S. dollar GICs. There’s even a BMO Air Miles GIC that allows you to earn loyalty miles.
You can hold your GICs in a non-registered account, as well as in registered accounts, such as:
BMO GIC terms
The standard BMO GICs come in an impressive range of terms, from as little as a few months up to 10 years.
Some of the more specialized options have fewer terms to choose from. For example, the RateRiser Max comes in terms of two, three or five years.
BMO does not state the requirements to open a GIC on its website. Generally, you can expect to need to open a BMO account before buying a GIC. To open an account with BMO, you’ll need:
Government-issued official ID with a photo.
To be the age of majority in your province or territory.
A minimum deposit of $1,000 or $5,000 depending on what type of GIC you want.
A GIC doesn’t need to be closed like a bank account does. Typically, when the term of your GIC ends, you have the option of withdrawing the funds or reinvesting them into a GIC again. Be aware that the default with BMO GICs appears to be automatically reinvesting your funds in a GIC of the same term when your investment comes due, unless you provide other instructions.
Alternatives to BMO GICs
If you want a GIC from a different bank and are looking for the best GIC rates possible. There does not tend to be much variability in interest rates between the GICs offered at Canada’s Big Six banks. However, each bank periodically has its own promotions and special offers that may be of interest.
If you want a GIC from a different bank
You may want to consider GICs offered by other Big Banks, including:
Minimum deposit | Are deposits insured? | |
|---|---|---|
Starting at $500 | Yes, by the Canada Deposit Insurance Corporation. | |
Starting at $500 | Yes, by the Canada Deposit Insurance Corporation. | |
Starting at $500 | Yes, by the Canada Deposit Insurance Corporation. | |
Starting at $500 | Yes, by the Canada Deposit Insurance Corporation. | |
Starting at $500 | Yes, by the Canada Deposit Insurance Corporation. |
Alternatively, you could consider some of the top rated GICs from leading digital banks. Many of these online-only banks offer competitive rates, often with low minimum deposits.
If you want a different BMO product
Consider socking money away in BMO’s high-interest savings account, the Savings Builder, where you can earn up to 2.5% interest if you increase your account balance by at least $200 each month. However, you only get one free transfer out of the Savings Builder account per month and must pay a $5 fee for each withdrawal or additional transfer.
Another alternative is BMO Savings Amplifier Account, which gives you 1.9% interest without minimum balance requirements and unlimited no-fee self-serve transfers to your other BMO accounts, such as a chequing account.
BMO GIC fast facts
$1,000 typical minimum. Some GICs require a larger investment, including certain products that pay interest monthly.
Terms from 30 days to 10 years. Available terms depend on the GIC.
Wide product selection. BMO offers cashable, non-cashable, escalating-rate, market-linked and U.S.-dollar GICs.
Multiple account types. GICs can be held in non-registered accounts or registered plans, including RRSPs, RESPs, RRIFs, TFSAs and RDSPs.
CDIC protection. Eligible deposits are covered by CDIC insurance within applicable limits.
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Siddhi Bagwe
Siddhi Bagwe
Siddhi Bagwe