News Releases
- First and only major Canadian financial institution to offer an investment structured this way
- Offers 100 per cent principal protection by BMO, a guaranteed annual interest payment, and the potential to double the investment in as little as five years
TORONTO, Nov. 28, 2019 /CNW/ - Today BMO Financial Group announced the launch of the BMO Money Multiplier Variable Term Deposit. The BMO Money Multiplier blends the characteristics of yield-generating and growth-oriented investments with the peace of mind of investments that secure the principle.
"The BMO Money Multiplier is a unique solution for investors with medium to long-term portfolio outlook, who want a secure and guaranteed investment," said Mathieu Lepine, Head, Term Investments, BMO Bank of Montreal. "The new solution is an investing option for new, cautious or performance driven investors interested in gaining exposure to the Canadian banking sector, with guaranteed protection."
The growth potential of the BMO Money Multiplier is driven by the strength of the Canadian banking sector. The potential to double an investment, the term to maturity and the maturity value of the BMO Money Multiplier are based on the price performance of the S&P/TSX Banks Index.
BMO is committed to delivering innovative investment solutions to help customers achieve their financial goals and better diversify their portfolios. Customers looking to learn more about the BMO Money Multiplier and where it might fit within an investment plan, can book an appointment with an investment professional at their local BMO branch.
For more information on the BMO Money Multiplier, please visit, www.bmo.com/moneymultiplier
For more information on investment options at BMO, please visit, www.bmo.com/investments
About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $839 billion as of July 31, 2019, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.
SOURCE BMO Financial Group
