BMO GIC rates compared
BMO's best posted rate is 2.70% on a 1-year term. The best rate available in Canada for that term is 3.70%, from WealthONE Bank of Canada. Both are covered by deposit insurance.
Get BMO GICsHow do BMO's GIC rates compare to the best in Canada?
On a 5-year term BMO posts 3.10% against 4.30% from WealthONE Bank of Canada, the best we track. Every term it publishes is compared the same way below.
| Term | BMO | Best in Canada | Gap | Leader |
|---|---|---|---|---|
| 1-year | 2.70% | 3.70% | −1.00 pts | WealthONE Bank of Canada |
| 2-year | 2.75% | 3.95% | −1.20 pts | WealthONE Bank of Canada |
| 3-year | 2.85% | 4.05% | −1.20 pts | WealthONE Bank of Canada |
| 4-year | 3.00% | 4.10% | −1.10 pts | WealthONE Bank of Canada |
| 5-year | 3.10% | 4.30% | −1.20 pts | WealthONE Bank of Canada |
Is BMO's GIC covered by CDIC?
Yes. BMO is one of the five largest Canadian chartered banks and a CDIC member, so an eligible GIC held here is protected to $100,000 per depositor, per insured category.
Federal. $100,000 per depositor, per member institution, per insured category.
Where do these BMO rates come from?
Directly from BMO's own posted rate page at bmo.com, read by hand on 2026-09-04. BMO does not date its posted rates, so the read date is the only currency guarantee available.
All 9 terms BMO posts were captured in that read, including the 9 that carry a separate interest-paid-monthly rate. No aggregator, no feed, no affiliate link.
BMO's posted rates on bmo.comHow we collect and check ratesWho should buy a GIC from BMO?
People who already bank at BMO, mostly. It does not lead any term we track, so what is left is the convenience of not moving money, priced below.
Common questions about BMO GICs
What is BMO's minimum GIC deposit?
$1,000, at the top of the $100 to $1,000 range the 10 published minimums cover. It is the common figure rather than an unusual one: several higher-paying issuers ask the same.
Does BMO have the best GIC rate in Canada?
Not on a 5-year term. BMO posts 3.10% there, against 4.30% from WealthONE Bank of Canada: a gap of 1.20 points on the same term, for the same non-redeemable product. The table above runs the same comparison across all 5 terms.
Which GIC terms does BMO offer?
9 terms are posted on bmo.com, from 1 year – under 18 months to 10 years exactly. The comparison table above covers the 5 annual terms where enough issuers publish a rate for a market comparison to mean anything.
Does BMO pay GIC interest monthly?
BMO posts a separate, lower rate for interest paid monthly on 9 of its terms: 3.000% at 5 – under 6 years, against 3.100% compounded annually. Every figure on this page is the compounding rate, so a monthly-income GIC here pays less than the table shows.
Are these BMO rates promotional?
No. These are BMO's standard posted rates, read from bmo.com on 2026-09-04. BMO does not date its posted rates, so that read date is the only currency guarantee available here. Limited-time promotions are noted separately rather than used to move an institution up the ranking.
How we collect and check ratesWhat would BMO's 1-year rate pay on your deposit?
On $50,000 it pays $1,350 in interest over the full term. Change the amount to see what that becomes on yours, then compare it against the leader.
Get next month's rates by email
One email a month with the best verified rate for every term, read off 15 issuers' own pages the same way every rate on this site is.
Independent and unaffiliated. Rates are read from BMO's own posted page at bmo.com and may change without notice. Educational information only, not financial advice. Published by Croton Holdings LLC. Corrections to daniel@crotoncontent.com.