About GICs


		Purchase online, call 1-866-525-8622 or visit your CIBC branch2.

GICs play an important role in a balanced portfolio because of the security they offer. GICs provide a secure way to save for short-term goals, like a vacation, or for longer-term plans, like buying a house or retirement. Either way, a GIC is a sound investment option.

When you buy a GIC, you invest a sum of money for a specific term, or period of time. At the end of that term, you are guaranteed to receive your full principal - your initial investment - plus interest income on your money.1

At CIBC, we offer many smart and straightforward GIC solutions to help you meet your unique needs. Talk to us about securing your financial future today.

Benefits of CIBC GICs

GICs have many attractive benefits:

Security and peace of mind

Your principal investment is safe and fully guaranteed.

Flexibility and access

You can select from a wide range of terms and, with many GICs, access your money when you need it.

Reliable income

Certain GICs allow you to take guaranteed interest payments as frequently as every month, so you can plan ahead.

Low minimums

Minimum investments start from as low as $500.

Diversified investments

GICs provide investment solutions for each part of a balanced portfolio, including the cash, income and growth portions.

Available for a full range of account types

Including RRSP, RRIF, RESP and Non-Registered.

Convenience

GICs are easy to set up and renew. Purchase online, call 1-866-525-8622 or visit your CIBC branch2.

1 Please note that index-linked GICs may guarantee a certain minimum return only or have no income guarantee. However, they have the potential for a greater return than a regular GIC, if the indices to which their performance is tied do well.

2 To buy through Telephone Banking or online, you need to have a CIBC bank account or CIBC GIC already.

The information in this article is general only; it is not intended as specific investment, financial, accounting, legal or tax advice for any individual.

Earn More. Looking for a simple way to maximize GIC returns? The CIBC Bonus Rate GIC offers higher rates than regular GICs! Find out more

Tip: Earn Compound Interest

Have interest paid to you at maturity, instead of withdrawing it annually, on your GICs with terms over 1 year. Your interest will earn interest, and your money will grow even more quickly.