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CIBC Redeemable GIC

The CIBC Redeemable GIC guarantees your principal and interest, while giving you the option to cash out at any time.

With the CIBC Redeemable GIC, you deposit money with us for 1 day to 7 years, and earn a guaranteed rate of interest. At the end of the term, we return the full amount of your deposit - guaranteed - plus interest. If you decide you need your money back sooner, you have the option to withdraw your funds any time, at specified early redemption rates.

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 $1,000 (60-day to 7-year terms)
$5,000 (30- to 59-day terms)
$100,000 (1- to 29-day terms)
Terms available 1 day to 7 years - view available terms
Access to funds
  • You have the flexibility to access your money at any time prior to maturity.
  • With partial early withdrawals, a certain amount must remain on deposit.
Interest
  • On 1 to 364 day terms, interest is paid at maturity.
  • On 1 to 7 year terms, interest can be monthly, quarterly, semi-annual, annual, or at maturity.


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


Is it for you?

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

  • You want a secure investment.
  • You want the option to withdraw your funds at any time.

Useful information:

  • Larger balances are generally rewarded with higher interest rates.
  • For terms 1 year and longer, you can manage interest you earn in two ways:
    • Get interest paid to your bank account monthly, quarterly, semi-annually or annually, giving you regular income.
    • Let interest be calculated and added to your principal each year, giving you compounded interest growth.
  • While Redeemable GICs generally pay slightly less interest than non-redeemable GICs, they do allow you to cash out before maturity, at early redemption rates. If you need access to some but not all of your funds, consider placing some money in a Redeemable GIC, and the rest in a Long Term GIC. This maximizes your interest rate earnings, while giving you the liquidity you need. Other GICs offering early access to cash include the CIBC Flexible GIC or CIBC Cashable Escalating Rate GIC.

1 To buy through Telephone Banking, 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