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CIBC Long-Term GIC

With a CIBC Long-Term GIC, you deposit money with us for 1 to 7 years, during which time you earn a guaranteed rate of interest. The longer you keep the money on deposit, the higher the rate of interest you generally earn. At the end of the term we return the full amount of your deposit plus interest - guaranteed.

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 $1,000
($5,000 if you require monthly interest payments)
Terms available from 1 to 7 years - view available terms
Access to funds at maturity only
Interest
  • Interest can be paid into your bank account monthly, quarterly, semi-annually, or annually, giving you regular income.
  • Or, interest can be calculated and added to your GIC principal each year, allowing you to earn interest on your interest.


Interested in an RRSP GIC?
Consider a CIBC RRSP GIC (Non-Redeemable).
For RRIF/LIF portfolios
We recommend the CIBC RRIF GIC and LIF GIC.


Is it for you?

The CIBC Long-Term GIC could be for you if any of the following apply:

  • You want to put funds aside for future goals such as a major purchase or retirement.
  • You are willing to lock in your deposit for a longer period so you can earn a higher rate of interest.
  • You value the stability and security of a fixed-term investment for some or all of your portfolio.

Useful information:

  • Consider staggering or "laddering" your GIC maturity dates by dividing your investment equally among five Long Term GICs, with terms ranging from 1 to 5 years. As each GIC matures, re-invest it into a 5-year term, which generally earns a higher interest rate than shorter terms. Because you have one GIC maturing each year, you have access to a portion of your investment annually if you need it. If rates rise, some of your GIC dollars can be re-invested, with only a portion of your GICS maturing if rates fall. Ask your CIBC advisor about how the CIBC Easy Builder GIC can let you benefit from this laddering strategy.
  • This GIC is issued by CIBC Trust Corporation and qualifies as collateral for loans.

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

**Terms greater than 5 years are not insured by CDIC Insurance. See the CIBC Deposit Register for a listing of deposits eligible for CDIC Deposit Insurance