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Investing & Wealth
Long-Term

CIBC Long-Term GIC

With a CIBC Long-Term GIC, you deposit money for 1 to 7 years and earn a guaranteed rate of interest. The longer you keep the money invested, 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.


Type
  • Non-redeemable
Minimum investment
  • $1,000
    ($5,000 if you require monthly interest payments)
Terms available
Access to funds
  • At maturity only
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

Is this GIC right for your business?

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

  • You want a secure investment with guaranteed returns
  • You want to put funds aside for future goals such as a major purchase
  • You are willing to lock in your deposit for a longer period so you can earn a higher rate of interest
  • You will not need access to your money before the GIC matures

Useful information:

  • Principal and interest can be automatically renewed or deposited into your bank account
  • This GIC is issued by CIBC Trust Corporation and qualifies as collateral for loans

Trademarks and Disclaimers

® Registered Trademark of CIBC.

™ Trademark of CIBC.