CIBC Short-Term GIC
The CIBC Short-Term GIC is a safe place to park your money for a short period of time, while enjoying a guaranteed rate of interest and fully-protected principal.
With a CIBC Short-Term GIC, you deposit money for a set period of 30 to 364 days at a fixed rate of interest. The longer your term, the higher the rate you generally earn.
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Purchase online, call Telephone Banking at |
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| Type | non-redeemable |
| Minimum investment | $1,000 for terms greater than 30 days $5,000 for 30-day term |
| Terms available | from 30 to 364 days - view available terms |
| Access to funds | at maturity only |
| Interest | paid at maturity |
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Is it for you?
The CIBC Short-Term GIC could be for you if any of the following apply:
- You need to park your money for a short period of time, perhaps before making a major purchase or investment decision.
- You prefer to keep some of your investments in shorter terms in order to provide liquidity.
- You value the stability and security of a fixed-term investment for some or all of your portfolio.
Useful information:
- Setting up a combination of 30, 60 or 90-day Short Term GICs can add liquidity to your portfolio.
- This GIC is issued by CIBC 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.
Rates
Investing information
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