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BMO Bank of Montreal

Bank· Montreal, Quebec· Since 1817Open to all

Profiled by Ratehunter

data as of 2026-10-16 · How we track rates

About BMO Bank of Montreal

Bank of Montreal (BMO) is Canada's oldest bank, founded in 1817, and one of the Big Five Schedule I chartered banks. A publicly traded company (TSX/NYSE: BMO), it offers retail and commercial banking, credit cards, mortgages, wealth and asset management, insurance and capital markets services across Canada and the US. Its head office is in Montreal, with operational headquarters in Toronto since 1977.

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Access: Open to all Canadians

Eligible provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland & Labrador, Nova Scotia, Northwest Territories, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon

How to join: Open an account online or at any BMO branch.

Deposit protection: Canada Deposit Insurance Corporation

$100,000 per insured category per member institution

How deposit insurance works →

Current top rates

rates confirmed as of 2026-10-15

Best GIC · 5-year3.55%

Best mortgage · 5-year fixed4.99%

Prime rate4.45%

GIC ladder	Best rate
1-year GIC	3.00%
2-year GIC	3.20%
3-year GIC	3.30%
4-year GIC	3.35%
5-year GIC	3.55%

Base ladder rates. Institution may have more term rates below.

GIC rate history

Best historical posted GIC rate by term

Term

Latest3.00%Oct 16, 2026

Last change+0.30%Sep 24, 2026

High3.00%Sep 24, 2026

Low2.45%Jul 16, 2026

Tracked since Jul 16, 2026 · 34 snapshots

Term deposit rates

— not stated on siterates confirmed as of 2026-10-15

Filter rates

Term	Registration	Redeemable	Compounding	Interest paid	Min–Max deposit	Rate
Short-term — under 1 year
BMO Short Term Investment CertificateNon-redeemable · paid at maturity · $5k minimum
30–118 days	Non-regRESPRDSPTFSAFHSA	N	—	At maturity	$5k+	1.75%
120–179 days	Non-regRESPRDSPTFSAFHSA	N	—	At maturity	$5k+	1.75%
BMO Redeemable Short Term Investment CertificateCashable · paid at maturity · $1k to $999,999
364 days	Non-regRESPRDSPTFSAFHSA	cashable	—	At maturity	$1k – $999,999	1.50%
BMO Variable Rate GICCashable · paid at maturity · $5k to $10,000,999
364 days	Non-reg	cashable	—	At maturity	$5k – $10,000,999	1.75%
Long-term — 1 year +
BMO Guaranteed Investment Certificate (GIC)Non-redeemable · compounds annually · $1k minimum
1 year	Non-regRRSPRESPRDSPRRIFTFSAFHSA	N	—	AnnuallyMonthly	$1k+$1k+	3.00%2.90%
12 – 18 months	Non-regRRSPRESPRDSPRRIFTFSAFHSA	N	Annually—	At maturitySemi-annually	$1k+$1k+	3.00%2.90%
545–1095 days	Non-regRRSPRESPRDSPRRIFTFSAFHSA	N	Annually———	At maturityAnnuallyMonthlySemi-annually	$1k+$1k+$1k+$1k+	3.20%3.20%3.10%3.10%
3 – 4 years	Non-regRRSPRESPRDSPRRIFTFSAFHSA	N	Annually———	At maturityAnnuallyMonthlySemi-annually	$1k+$1k+$1k+$1k+	3.30%3.30%3.20%3.20%
4 – 5 years	Non-regRRSPRESPRDSPRRIFTFSAFHSA	N	Annually———	At maturityAnnuallyMonthlySemi-annually	$1k+$1k+$1k+$1k+	3.35%3.35%3.25%3.25%
5 – 6 years	Non-regRRSPRESPRDSPRRIFTFSAFHSA	N	Annually———	At maturityAnnuallyMonthlySemi-annually	$1k+$1k+$1k+$1k+	3.55%3.55%3.45%3.45%
6 – 7 years	Non-regRRSPRESPRDSPRRIFTFSAFHSA	N	Annually———	At maturityAnnuallyMonthlySemi-annually	$1k+$1k+$1k+$1k+	3.65%3.65%3.55%3.55%
7 years	Non-regRRSPRESPRDSPRRIFTFSAFHSA	N	Annually———	At maturityAnnuallyMonthlySemi-annually	$1k+$1k+$1k+$1k+	3.70%3.70%3.60%3.60%
10 years	Non-regRRSPRESPRDSPRRIFTFSAFHSA	N	Annually———	At maturityAnnuallyMonthlySemi-annually	$1k+$1k+$1k+$1k+	3.75%3.75%3.65%3.65%
BMO Term Deposit ReceiptRedeemable · compounds annually
1 – 2 years	Non-regRRSP	Y	Annually—	At maturitySemi-annually	——	2.20%2.20%
2 – 3 years	Non-regRRSP	Y	Annually—	At maturitySemi-annually	——	2.30%2.30%
3 – 4 years	Non-regRRSP	Y	Annually—	At maturitySemi-annually	——	2.45%2.45%
4 – 5 years	Non-regRRSP	Y	Annually—	At maturitySemi-annually	——	2.60%2.60%
5 years	Non-regRRSP	Y	Annually—	At maturitySemi-annually	——	2.65%2.65%
BMO RateOptimizer® Max GICCashable · compounds annually · $1k minimum
5 years	Non-regRRSP	cashable	Annually——	At maturityAnnuallyMonthly	$1k+$1k+$1k+	3.55%3.55%3.55%
BMO RateOptimizer® Plus GICCashable · compounds annually · $1k minimum
5 years	Non-regRRSP	cashable	Annually——	At maturityAnnuallyMonthly	$1k+$1k+$1k+	3.50%3.50%3.50%
BMO Short Term Investment CertificateNon-redeemable · paid at maturity · $5k minimum
180–369 days	Non-regRESPRDSPTFSAFHSA	N	—	At maturity	$5k+	2.05%
U.S. dollar — all terms
BMO US Dollar Fixed-Term DepositNon-redeemable · US$100k minimum
1–29 days	Non-reg	N	—	At maturitySemi-annually	$100k+$100k+	0.05%0.05%
30 – 59 days	Non-reg	N	—	At maturitySemi-annually	$100k+$100k+	2.70%2.70%
60 – 89 days	Non-reg	N	—	At maturitySemi-annually	$100k+$100k+	2.75%2.75%
90 – 119 days	Non-reg	N	—	At maturitySemi-annually	$100k+$100k+	2.80%2.80%
120 – 179 days	Non-reg	N	—	At maturitySemi-annually	$100k+$100k+	2.85%2.85%
180 – 269 days	Non-reg	N	—	At maturitySemi-annually	$100k+$100k+	2.90%2.90%
270 – 364 days	Non-reg	N	—	At maturitySemi-annually	$100k+$100k+	2.95%2.95%
1 – 2 years	Non-reg	N	—	At maturitySemi-annually	$100k+$100k+	4.00%4.00%
2 – 3 years	Non-reg	N	—	At maturitySemi-annually	$100k+$100k+	3.95%3.95%
3 – 4 years	Non-reg	N	—	At maturitySemi-annually	$100k+$100k+	4.00%4.00%
4 – 5 years	Non-reg	N	—	At maturitySemi-annually	$100k+$100k+	4.05%4.05%
5 years	Non-reg	N	—	At maturitySemi-annually	$100k+$100k+	4.10%4.10%
BMO US Dollar Term Deposit ReceiptNon-redeemable · US$1k minimum
30 – 59 days	Non-reg	N	—	At maturitySemi-annually	$1k+$1k+	2.70%2.70%
60 – 89 days	Non-reg	N	—	At maturitySemi-annually	$1k+$1k+	2.75%2.75%
90 – 119 days	Non-reg	N	—	At maturitySemi-annually	$1k+$1k+	2.80%2.80%
120 – 179 days	Non-reg	N	—	At maturitySemi-annually	$1k+$1k+	2.85%2.85%
180 – 269 days	Non-reg	N	—	At maturitySemi-annually	$1k+$1k+	2.90%2.90%
270 – 364 days	Non-reg	N	—	At maturitySemi-annually	$1k+$1k+	2.95%2.95%
1 – 2 years	Non-reg	N	—	At maturitySemi-annually	$1k+$1k+	4.00%4.00%
2 – 3 years	Non-reg	N	—	At maturitySemi-annually	$1k+$1k+	3.95%3.95%
3 – 4 years	Non-reg	N	—	At maturitySemi-annually	$1k+$1k+	4.00%4.00%
4 – 5 years	Non-reg	N	—	At maturitySemi-annually	$1k+$1k+	4.05%4.05%
5 years	Non-reg	N	—	At maturitySemi-annually	$1k+$1k+	4.10%4.10%
BMO US Dollar Redeemable Short-Term InvestmentRedeemable · paid at maturity
364 days	Non-reg	Y	—	At maturity	—	2.25%

Escalator GICs

rates confirmed as of 2026-10-15

The rate rises each year of the term. Yield is the effective annual yield the institution prints.

Product	Yr 1	Yr 2	Yr 3	Yr 4	Yr 5	Yield
2-year escalators
BMO RateRiser® Plus GIC2 years · redeemable · min $1kNon-regRRSPRESPRDSPRRIFTFSAFHSA	2.15%	3.75%	—	—	—	2.95%
BMO RateRiser® Plus GIC2 years · cashable · min $1kNon-regRRSPRESPRDSPRRIFTFSAFHSA	2.15%	3.75%	—	—	—	2.95%
3-year escalators
BMO RateRiser® Max GIC3 years · min $1kNon-regRRSPRESPRDSPRRIFTFSAFHSA	2.50%	3.40%	4.00%	—	—	3.30%
BMO RateRiser® Plus GIC3 years · redeemable · min $1kNon-regRRSPRESPRDSPRRIFTFSAFHSA	2.25%	2.90%	4.00%	—	—	3.05%
BMO RateRiser® Plus GIC3 years · cashable · min $1kNon-regRRSPRESPRDSPRRIFTFSAFHSA	2.25%	2.90%	4.00%	—	—	3.05%
5-year escalators
BMO RateRiser® Max GIC5 years · min $1kNon-regRRSPRESPRDSPRRIFTFSAFHSA	2.75%	3.00%	3.25%	4.00%	4.75%	3.55%
BMO RateRiser® Plus GIC5 years · cashable · min $1kNon-regRRSPRESPRDSPRRIFTFSAFHSA	2.25%	2.75%	3.25%	3.50%	5.00%	3.35%
BMO RateRiser® Plus GIC5 years · redeemable · min $1kNon-regRRSPRESPRDSPRRIFTFSAFHSA	2.25%	2.75%	3.25%	3.50%	5.00%	3.35%

Savings & chequing rates

rates confirmed as of 2026-10-15

Filter rates

Type	Product	Calculated	Paid	Min. balance	Rate
Savings
Savings	First Home Savings Account (FHSA)	—	—	—	2.00%
Savings	Registered Disability Savings Plan (RDSP)	—	—	—	0.25%
Savings	Registered Education Savings Plan (RESP)	—	—	—	0.25%
Savings	Registered Retirement Income Fund (RRIF)	—	—	—	0.05%
Savings	Registered Retirement Savings Plan (RRSP)	—	—	—	0.05%
Savings	Tax-Free Savings Account (TFSA)	—	—	—	0.25%

Mortgage rates

Highlighted rows are promo ratesrates confirmed as of 2026-10-15

Filter rates

Term	Type	Open / closed	Insured	Posted rate
Amortization — 25 years or less
6-month	Fixed	Open	No	9.95%
1-year	Fixed	Open	No	9.95%
1-year	Fixed	Closed	No	5.49%
2-year	Fixed	Closed	No	4.94%
3-year	Fixed	Closed	No	4.94%
3-year	Fixed	Closed	No	6.05%
4-year	Fixed	Closed	No	5.99%
5-year	Fixed	Closed	No	6.09%
6-year	Fixed	Closed	No	6.29%
7-year	Fixed	Closed	No	6.40%
10-year	Fixed	Closed	No	6.80%
6-month	Fixed	Convertible	No	5.49%
3-year	Variable	Open	No	7.75%
5-year	Variable	Closed	No	4.10%
5-year	Variable	Closed	No	4.45%
Fixed Rate Closed Mortgage Smart FixedFixed · closed · 5-year to 10-year terms
5-year	Fixed	Closed	No	4.99%
5-year	Fixed	Closed	No	5.99%
10-year	Fixed	Closed	No	6.70%
5-year	Fixed	Closed	Yes	5.14%
Amortization — over 25 years
6-month	Fixed	Open	No	9.95%
1-year	Fixed	Open	No	9.95%
1-year	Fixed	Closed	No	5.49%
2-year	Fixed	Closed	No	4.94%
3-year	Fixed	Closed	No	6.05%
4-year	Fixed	Closed	No	5.99%
5-year	Fixed	Closed	No	6.09%
6-year	Fixed	Closed	No	6.29%
7-year	Fixed	Closed	No	6.40%
10-year	Fixed	Closed	No	6.80%
6-month	Fixed	Convertible	No	5.49%
3-year	Variable	Open	No	7.75%
5-year	Variable	Closed	No	4.45%

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