The initial deposit for a Bank of Montreal (BOM) Guaranteed Investment Certificate (GIC) varies depending on the type and term of the GIC. Generally, BOM requires a minimum deposit of $1,000 CAD for most non-registered and registered GICs. However, some shorter-term or promotional GICs may have lower minimums, such as $500 CAD.
For high-interest savings GICs or specialized products, the minimum deposit could be higher. It’s advisable to check BOM’s official website or contact a representative for the most current requirements, as terms may change based on market conditions or promotional offers.
