Hi Jerry, nice to see you here too.
I know I asked this in The Other Place but is there a really quick way to understand the BMO things? You description above sounds great and I might even leave it in MM if I didn't have a better use for it, but the T&C on the Air Miles site says this, I see it excludes MM and then says you can do it through InvestorLine. Is that what you did or am I misunderstanding? My concern is having fees to close account or to transfer out, or requiring a minimum purchase of more than $400 (what my friend can afford with her AM right now).
It's YMMV
I opened BMO account under the $425 promo with new CC (bmo.com/425)
I had 2 x $500 and she put them into MM, to my surprise (I thought I would've got stuck in GIC, from the T&C), cashed out online (redeemed) in 2 weeks.
I think any investment needs $1000 minimum (so you need to top up yourself to meet $1K), but who knows, it's YMMV ...
My BMO account/CC are still open until the $425 promo is done (2015 yearend), but so far I'm pleased with how the whole thing works out and may have stayed as BMO client
Good luck