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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.

Interested in an TFSA GIC?
Consider a CIBC Cashable Escalating Rate TFSA 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.