CIBC Escalating Rate RRIF GIC

The CIBC Escalating Rate RRIF GIC offers guaranteed premium returns and rates that increase each year to maximize growth within your CIBC RRIF.

With CIBC Escalating Rate RRIF GICs, you deposit money with us at guaranteed interest rates. Your original investment amount is always guaranteed in full. See below for important details.

		Call Telephone Banking1 or visit your branch.

Minimum investment	$500 per RRIF GIC (minimum balance of $5,000 is required to open a CIBC RRIF account)
Terms available	3 and 5 years
Access to funds	Cashable, in whole or in part, with no interest penalty in order to make scheduled payments or lump-sum cash withdrawals2 RRIF payments can be received: annually, semi-annually, quarterly, or monthly
Interest	Rate increases each year of the term Interest is compounded annually and paid at maturity
Fees	There are no fees, unless you transfer all or part of your RRIF funds to another financial institution, in which case a $25 fee will apply

		Consider a CIBC Escalating Rate GIC.

Is it for you?

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

• You want a guaranteed return and 100% protection of your investment
• You seek a premium rate of interest
• You value the stability and security of a fixed term investment for some or all of your RRIF portfolio

Key benefits

Flexible	Available on any transfers into a CIBC RRIF (with the exception of CIBC RRSP GICs converted to a CIBC RRIF GIC prior to maturity) Also available on CIBC RRIF GIC renewals
Convenient	Automatically renews into a CIBC Escalating Rate RRIF GIC of the same term, unless alternate instructions are provided prior to maturity Easily keep track of your account with quarterly statements sent to you

Useful information

• CIBC Escalating Rate RRIF GICs are not available in Self-Directed RRIFs and cannot be combined with any other offer.

• Income payments are first drawn from your RRIF Daily Interest Savings Account, then from the CIBC RRIF GIC (Redeemable) or CIBC Bonus Rate RRIF GIC that has the lowest rate of interest, without an interest rate penalty.

  Income payments will then be drawn from CIBC Escalating Rate RRIF GICs, beginning with the GIC that has the lowest effective yield of the remaining term based on the number of days left to maturity.

  Stock Market Advantage RRIF GICs will be redeemed last; if there is more than one such GIC, the GIC with the shortest term to maturity is redeemed first; no interest or earnings will be paid on the portion of any Stock Market Advantage RRIF GIC that is redeemed before maturity.

• If an income payment would result in any CIBC RRIF GIC having a remaining balance below $500, then the full remaining balance will be redeemed and transferred into your RRIF Daily Interest Savings Account.

Disclaimers

Products and their features may change at any time. This is a general description only. For more information and product terms and conditions, consult product brochures or call 1-866-525-8622.

1 To buy through telephone banking, you need to have a CIBC bank account or CIBC GIC already.

2 RRIF GICs cannot be cashed prior to maturity to change investment options, to purchase another GIC or to transfer funds to a RRIF at another financial institution.

  Rates | Tools | FAQ | CDIC Deposit Insurance Information | Legal | Privacy & Security

Copyright® 2007 Canadian Imperial Bank of Commerce. All rights reserved.