A GIC is a low-risk investment that guarantees the money you put into it (the principal) and allows you to earn interest over a set period of time (the term). GICs typically have a fixed term, often with a fixed interest rate, so you’ll know exactly how much you’ll have when the term is up and your GIC is cashed out. For example: Say you invested $2,000 in a 2-year GIC at a 2.00% interest rate. In two years, you’d have $2,080.80 (with compounded interest). Typically, the longer the GIC term, the higher the rate of return, so the more you invest and the longer you invest it for, the more you can earn.

What's the current GIC interest rate?

There’s no one GIC rate – the rates vary from one GIC to another, and they’re tied to the current interest rates set by the Bank of Canada. Some GIC rates in Canada even depend on market performance. Check out GIC rates here.

It depends on what type of account they’re held in. If a GIC is in a registered account like an RRSP or TFSA, the money it earns won’t be taxed. But if your GIC is held in a non-registered account, your returns will be taxed like any other income.

How are GIC returns taxed?

If you’re holding a GIC in a non-registered account, it’s subject to tax each year. So, if you have a GIC with a three-year term, the interest you earn on each anniversary will be taxed – even if it hasn’t been paid out to you yet. If you hold a GIC in an RRSP, you’ll only pay tax when you withdraw your money.

Can I cash in my GIC early?

Yes, you can! Cashable GICs can be redeemed before the term ends, although the window can differ according to the type of GIC. Non-cashable GICs can’t be redeemed early without paying a penalty.

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擔保投資存款證 (GICs)

What is a GIC? It's a safe, secure investment that can suit all kinds of financial goals. A GIC protects your principal, so no matter what happens with the market, you'll never lose your initial investment. Plus, all of our GICs are CDIC-insured^註腳11.

Stay safe and secure – Your initial investment is 100% guaranteed.
Enjoy a versatile investment – Choose a GIC to suit your needs.
Save on taxes – Purchase a GIC in an 註冊退休儲蓄計劃（RRSP）或 TFSA for a number of tax benefits.

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Earn up to 40.00%^* after 5 years with the BMO Fund Linked GIC^‡

Grow your money with a minimum guaranteed return of 2.50% after 5 years, with a potential return of up to 40.00% 註腳星號^* based on market performance after 5 years.

What’s the best GIC for you?

GICs come in different forms – let’s find one that will help you reach your investing goals.

Higher return

不可解約兌現投資

鎖定您的資金以享受更高回報率。
Got some time to grow your money? A non-cashable GIC can bring a higher rate of return than a cashable investment, as long as you’re willing to leave it alone for longer.

Ready to compare? Explore our GIC list for the latest GIC rates.

See GIC List

Flexible access to funds

可解約兌現投資

無需做出大承諾便可賺取理想回報。
After you purchase your investment, you can cash out the GIC when you like. It’s a great choice if you might want to access your cash, but you’d like to earn as much interest as you can in the meantime.
For example, if you opt for a 1-year cashable GIC, you can take out your money before it matures, no strings attached. 當然，如果您讓它維持一整年不動，您將繼續賺取利息。

Ready to compare? Explore our GIC list for the latest GIC rates.

See GIC List

Secure, stock market-driven return

Market-Linked Investments

享受100%保本並可能獲得高回報。
對股票有興趣？ If you're looking for higher growth linked to the stock market, these hybrid GICs may be for you. You can earn great returns when the market performs well, but even when it dips, your initial investment is protected.

Ready to explore market-linked GICs? Learn more about our Progressive GIC Series.

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Return on foreign currency

美國 Dollar Investments

Take advantage of this option if you have 美國 dollars you want to grow.
存款美國 dollars and earn interest in 美國 dollars – it’s a convenient and safe option when you’re looking to earn some interest on your 美國 funds.

Ready to compare? Explore our GIC list for the latest GIC rates.

See GIC List

GIC 計算器

How does a GIC work? Here’s how your investment can grow^註腳22

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GIC 常見問題

A GIC is a low-risk investment that guarantees the money you put into it (the principal) and allows you to earn interest over a set period of time (the term).
GICs typically have a fixed term, often with a fixed interest rate, so you’ll know exactly how much you’ll have when the term is up and your GIC is cashed out.
For example: Say you invested $2,000 in a 2-year GIC at a 2.00% interest rate. In two years, you’d have $2,080.80 (with compounded interest). Typically, the longer the GIC term, the higher the rate of return, so the more you invest and the longer you invest it for, the more you can earn.
There’s no one GIC rate – the rates vary from one GIC to another, and they're tied to the current interest rates set by the Bank of Canada. Some GIC rates in Canada even depend on market performance. Check out GIC rates.
It depends on what type of account they’re held in. If a GIC is in a registered account like an RRSP or TFSA, the money it earns won’t be taxed. But if your GIC is held in a non-registered account, your returns will be taxed like any other income.
If you’re holding a GIC in a non-registered account, it's subject to tax each year. So, if you have a GIC with a three-year term, the interest you earn on each anniversary will be taxed - even if it hasn't been paid out to you yet. If you hold a GIC in an 註冊退休儲蓄計劃（RRSP）, you’ll only pay tax when you withdraw your money.
Yes, you can! Cashable GICs can be redeemed before the term ends, although the window can differ according to the type of GIC. Non-cashable GICs can’t be redeemed early without paying a penalty.
This type of GIC allows you to withdraw money before the end of your term - handy for when a big purchase pops up or your investment plans change. How much you can redeem, when, and how it will affect your returns will depend on what type of GIC you have.
非活期 GICs are just as they sound: they're investments that can't be cashed in before the end of their term. However, they usually offer higher rates of return than cashable GICs.
The main difference is the level of risk: with a GIC, your principal (and often your return) is guaranteed, but a mutual fund can gain or lose value as the market changes. There are several other important differences, too – learn more about investing in mutual funds.

GIC resources to help you choose

Invest in a GIC

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^{Footnote || details||}Interest is calculated daily, paid monthly, semi-annually, annually or compounded annually and paid at maturity. 所示利率可能隨時會變動。 The terms and conditions of this offer, including its overall availability, are at the sole and absolute discretion of BMO and are subject to change at any time without prior notice.

本文所載資訊並非且不應被解釋為對於任何當事方的投資、稅務或法律建議。投資項目應根據投資人的相關投資目標予以評估，且任何情況下都應諮詢專業人士的建議。

This material is for informational purposes only. This material is not intended to be relied upon as research, investment, or tax advice and is not an implied or express recommendation, offer or solicitation to buy or sell any security or to adopt any particular investment or portfolio strategy. Any views and opinions expressed do not take into account the particular investment objectives, needs, restrictions and circumstances of a specific investor and, thus, should not be used as the basis of any specific investment recommendation. Investors should consult a financial advisor and/or tax information applicable to their specific situation.

All investments, including these, are subject to risk, including the possible loss of principal.

^{腳註1詳情1} CDIC limits apply.

^{腳註2詳情2} This calculator should not be used as a financial planning tool as it is designed for illustration purposes only.

Footnote star details^*Guaranteed minimum rate of return of 2.50% after 5 years. Rates are not per year and are not compounding. Potential return of up to 40.00% is based on Market Performance after 5 years.

^{Footnote double dagger details^‡}BMO Fund Linked GICs are issued by Bank of Montreal Mortgage Corporation and guaranteed by Bank of Montreal. The principal amount of a BMO Fund Linked GIC is guaranteed and is repayable upon maturity, but there is no guarantee of earning any return linked to the performance of the underlying securities. The rate of return for the term payable, will be the return on the Reference Portfolio but will not be less than 2.50% and not more than the Maximum Rate of Return of 40.00% for the term. The return on the Reference Portfolio, if any, is determined without reference to any dividends or distributions paid on the securities and is the simple average of the percentage changes in the value of each underlying security in the Reference Portfolio over the term of the GIC. The rate of return for the term is not an annual rate but is the rate of return over the entire term of the GIC. If market disruptions or other special circumstances affect the calculation of the return, the calculation agent may adjust or delay the calculation or payment of interest, estimate the value of an underlying security, replace a security and/or determine the amount of interest, if any, that may be payable in an alternate manner. Past market performance is not an indicator of future market performance. The terms and conditions for BMO Fund Linked GICs are available at your local BMO Bank of Montreal branch.

This message is for information purposes. 本文所載資訊並非且不應被解釋為對於任何當事方的投資、稅務或法律建議。 Investments should be evaluated relative to the individual's investment objectives and professional advice should be obtained with respect to any circumstance.

Investment professional refers to Personal Bankers, Financial Planners, Investment and Retirement Planning and Investment Specialists that are representatives of BMO Investments Inc.

Some Financial Planning, Investment & Retirement Planning services - including mutual funds investing advice - are provided by BMO Investments Inc., a mutual fund dealer and separate legal entity from Bank of Montreal. Learn more about the services we do and don’t provide - and how we get paid.

“S&P” is a trademark of The McGrawHill Companies, Inc. “多倫多證券交易所（TSX）” is a trademark of the 多倫多證券交易所（TSX） Inc. These marks have been licensed for use by Bank of Montreal. 投資組合內持有的 BMO 加拿大市場 GIC is not sponsored, endorsed, sold or promoted by Standard & Poor’s or the Toronto Stock Exchange and neither party makes any representation regarding the advisability of investing in the BMO 加拿大市場 GIC。

^TM Trademarks of Bank of Montreal.

擔保投資存款證 (GICs)