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.

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, at specified redemption rates 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

Is this GIC right for your business?

The CIBC Redeemable GIC could be right for your business if any of the following apply:

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

Useful information:

Larger balances are generally rewarded with higher interest rates
For terms of 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
- Or, let interest be calculated and added to your principal each year, giving you compounded interest growth
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
Other GICs offering early access to cash include the CIBC Flexible GIC or CIBC Cashable Escalating Rate GIC
This GIC is issued by CIBC and qualifies as collateral for loans