Financial Product Reviews

Mutual funds are a diversified investment in which a pool of money from multiple investors is collected and professionally managed. This is often seen as a decent way to diversify your portfolio, though you should keep an eye on any hidden fees. Most banks have an investing arm that offers mutual funds, including BMO.

BMO RRSPs give you a variety of options for investing in your retirement, including portfolios, 3 types of GICs, mutual funds, and more. You can even open an RRSP account through BMO InvestorLine, if you prefer a more hands-on approach to investing.

A BMO TFSA can hold a variety of investment products, including GICs, stocks, ETFs, mutual funds, and cash savings accounts. So whether you prefer a hands-off or a DIY approach to investing, BMO may have an option for you though their various TFSA products.

The BMO home equity line of credit, called BMO Homeowner ReadiLine, is like having a mortgage and line of credit all in one. It’s best understood as one loan with 2 parts: the mortgage portion, which has regular payments, and the line of credit portion, which you pay back only as you need to use the funds.

When it comes to online brokers in Canada, the list of choices for your business seems to be growing each year. But with $0 commission trades on equities, mutual funds, ETFs and more, and no quarterly commission fee as of October 2025, Qtrade is a top pick for many individual investors. It's also received accolades coming from leaders in the industry and individual investors who use their service.

BMO fixed mortgage rates give you predictability over the course of your mortgage term, since your rates are locked in (or “fixed”) for the length of the term. With 8 closed fixed terms to choose from, plus the option of a 6-month convertible mortgage, you have plenty of flexibility when it comes to choosing your term length.

If you’re looking for BMO mortgage rates, one of their variable rate offers may have caught your attention. The rate is decent, there's a valuable cash back promotion available, and you can get pre-approved for your BMO mortgage online in just a few minutes.

BMO offers a wide range of Guaranteed Investment Certificates (GICs), giving investors plenty of choice between cashable, non-redeemable, U.S. dollar, and market-linked options. Most come with a minimum investment of $1,000 and can be held in accounts like an RRSP or TFSA, making them flexible for different savings goals.

The BMO Plus Chequing Account is one of BMO’s more straightforward banking plans, offering 25 free transactions per month for a monthly fee of $11.95, or $6.95 if you’re 60 or older and eligible for the $4 senior discount. Students also get the account for free, making it accessible to those who want a reliable option without extra frills. Unlimited Interac e-Transfers are included, and if you open the account before July 2, 2025, you can snag a $100 welcome bonus by completing a couple of basic banking tasks like setting up direct deposit or making a bill payment.

If you’re in the market for a low fee chequing account that just covers the basics without any extra bells and whistles, the BMO Practical Plan chequing account might be right for you.