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CIBC Cashable Escalating Rate GIC®

The CIBC Cashable Escalating Rate GIC offers guaranteed premium returns, rates that increase each year, and access to your money on each anniversary date or up to 7 days after.

With a CIBC Cashable Escalating Rate GIC, you deposit money with us for 3 or 5 years, at guaranteed interest rates. Your original investment amount is always guaranteed in full - even if you withdraw prior to maturity.

Interested in purchasing a CIBC GIC?

Purchase online, call Telephone Banking at
1-866-525-8622 or visit one of our branches.

Purchase Online

Type cashable
Minimum investment $500
Terms available 3 and 5 Years
Access to funds
  • You can withdraw all or some of your money (minimum $500) on each anniversary date - or up to 7 days after and still earn interest2.
  • At least $500 in principal must remain on deposit after a partial withdrawal; otherwise, the full balance of the GIC will be redeemed.
  • If you redeem within 7 days after an anniversary date, you get interest to the redemption date based on the preceding year's (years') interest rate(s) disclosed at the time of purchase.
Interest
  • rate increases each year of the term
  • two interest payment options are available:
    • simple interest: paid annually
    • compound interest: compounded annually and paid at maturity


Interested in an RRSP GIC?
Consider a CIBC Cashable Escalating Rate RRSP GIC.
For RRIF/LIF portfolios
We recommend the CIBC Escalating Rate RRIF GIC and CIBC Escalating Rate LIF GIC.


Is it for you?

The CIBC Cashable Escalating Rate GIC could be for you if any of the following apply:

  • You want superior rates over a three- or five-year term.
  • You want the option of cashability.
  • You seek the benefit of an escalating rate each year.
  • You want a guaranteed return and 100% protection of your investment.

Useful information

  • Principal and interest are conveniently automatically renewed unless you instruct otherwise prior to maturity.

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

2 Redemption is not available outside of these early redemption windows.

® Registered Trademark of CIBC.