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Investing
Escalating Rate

CIBC Escalating Rate GIC®

The CIBC Escalating Rate GIC offers guaranteed premium returns and rates that increase each year.

With a CIBC Escalating Rate GIC, you deposit money with us for 3 or 5 years at guaranteed interest rates. Your original investment is always guaranteed in full.

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 non-redeemable
Minimum investment $500
Terms available 3 and 5 years
Access to funds no withdrawals allowed prior to maturity
Interest
  • rate increases each year of the term
  • earn a premium return over both the CIBC Cashable Escalating Rate GIC® and our regular Long Term GIC
  • 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 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 Escalating Rate TFSA GIC.


Is it for you?

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

  • You want premium returns.
  • You have a three or five-year investment horizon.
  • 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.

® Registered Trademark of CIBC.