GIC Calculator


Our GIC Calculator helps you choose the right Guaranteed Investment Certificate (GIC) for you based on your investment objectives and calculates how much interest you can earn.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$500
$100,000+
 
 
 
 
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Yes
 

No access needed

You are willing to lock in your money until maturity to achieve better returns.

Access may be needed

You want the flexibility to withdraw funds at certain times prior to maturity.

Access any time

You need the flexibility to withdraw funds at any time prior to maturity.

 
 

Your recommendations:

min. balance

term

Access to funds:

Purchase or Contribute
For more information, call 1-800-465-3863
For more information, call 1-888-480-2422
Use your CIBC Investor's Edge® account or contact your financial advisor or broker for currently available CIBC Market-linked GICs

Also Consider

min. balance

term

Access to funds:

min. balance

term

Access to funds:

Purchase or Contribute
Call 1-800-465-3863
Call 1-888-480-2422
Use your CIBC Investor's Edge® account or contact your financial advisor or broker for currently available CIBC Market-linked GICs
Purchase or Contribute
Call 1-800-465-3863
Call 1-888-480-2422
Use your CIBC Investor's Edge® account or contact your financial advisor or broker for currently available CIBC Market-linked GICs

Find a Branch to request an appointment

1-800-465-3863Find a Branch

Terms and Conditions

PLEASE NOTE: This calculator provides general information only; it does not provide specific financial, investment, or tax advice, and should not be relied upon in that regard. Amounts projected by the calculator are based on the information you enter and current interest rates (which are the annual rates and are subject to change at any time without notice) and assume that you will hold the GIC for the term selected. As a result, CIBC cannot guarantee the results. We recommend that you consult a CIBC advisor when planning for your financial goals. 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.

* Interest rates provided to you are annual and are subject to change at any time without notice.

For further details on interest accrual, limitations and assumptions used to calculate interest earned see below.

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Products are listed in alphabetical order.

CIBC Bonus Rate GIC: For illustrative purposes only this example assumes that simple interest is calculated annually and paid at maturity with no compounding. For terms of less than 1 year, simple interest is paid at maturity. For terms of 1 year or more, simple interest is paid when you select the monthly, semi-annual or annual interest payment option; or, compound interest is calculated annually and paid at maturity.

CIBC Bonus Rate LIF GIC: For illustrative purposes only this example assumes that simple interest is calculated annually and paid at maturity with no compounding. For terms of 1 year or less, simple interest is paid at maturity. For terms of more than 1 year, compound interest is calculated annually and paid at maturity.

CIBC Bonus Rate RRIF GIC: For illustrative purposes only this example assumes that simple interest is calculated annually and paid at maturity with no compounding. For terms of 1 year or less, simple interest is paid at maturity. For terms of more than 1 year, compound interest is calculated annually and paid at maturity.

CIBC Bonus Rate RRSP GIC: For illustrative purposes only this example assumes that simple interest is calculated annually and paid at maturity with no compounding. For terms of 1 year or less, simple interest is paid at maturity. For terms of more than 1 year, compound interest is calculated annually and paid at maturity. Redemptions before maturity are allowed only in certain circumstances and no interest is paid.

CIBC Bonus Rate TFSA GIC: For illustrative purposes only this example assumes that simple interest is calculated annually and paid at maturity with no compounding. For terms of 1 year or less, simple interest is paid at maturity. For terms of more than 1 year, compound interest is calculated annually and paid at maturity. If a GIC is redeemed before maturity to transfer funds to a TFSA at another financial institution, no interest will be paid and a transfer fee will apply.

CIBC Cashable Escalating Rate GIC®: The interest rate increases in each year of the term. For illustrative purposes only this example assumes that simple interest is calculated annually and paid at maturity with no compounding. Two interest options are available: simple interest calculated and paid annually or compound interest which is compounded annually and paid at maturity. You may redeem early on, or within 7 days after, each anniversary date. No redemption may be made outside the redemption windows. If you redeem within 7 days after an anniversary date, you get interest to the redemption date based on the preceding years’’ interest rate(s) disclosed at the time of purchase.

CIBC Cashable Escalating Rate RRSP GIC®: The interest rate increases in each year of the term. Interest is compounded annually and paid at maturity. For illustrative purposes only this example assumes that simple interest is calculated annually and paid at maturity with no compounding. You may redeem early on, or within 7 days after, each anniversary date. No redemption may be made outside the redemption windows. If you redeem within 7 days after an anniversary date, you get interest to the redemption date based on the preceding years’’ interest rate(s) disclosed at the time of purchase.

CIBC Cashable Escalating Rate TFSA GIC®: The interest rate increases in each year of the term. Interest is compounded annually and paid at maturity. For illustrative purposes only this example assumes that simple interest is calculated annually and paid at maturity with no compounding. You may redeem early on, or within 7 days after, each anniversary date. No redemption may be made outside the redemption windows. If you redeem within 7 days after an anniversary date, you get interest to the redemption date based on the preceding years’’ interest rate(s) disclosed at the time of purchase. If a GIC is redeemed before maturity to transfer funds to a TFSA at another financial institution, no interest will be paid and a transfer fee will apply.

CIBC eAdvantage Savings Account™: For illustrative purposes only this example displays the current annual interest rate paid if your balance is $5,000 or more. If the balance drops below $5,000, interest will not be earned for the days that the balance remains under $5,000.

CIBC Escalating Rate GIC®: For illustrative purposes only this example assumes that simple interest is calculated annually and paid at maturity with no compounding. Two interest options are available: simple interest calculated and paid annually or compound interest which is compounded annually and paid at maturity.

CIBC Escalating Rate LIF GIC®: Interest is compounded annually and paid at maturity. For illustrative purposes only this example assumes that simple interest is calculated annually and paid at maturity with no compounding.

CIBC Escalating Rate RRIF GIC®: Interest is compounded annually and paid at maturity. For illustrative purposes only this example assumes that simple interest is calculated annually and paid at maturity with no compounding.

CIBC Escalating Rate RRSP GIC®: Interest is compounded annually and paid at maturity. For illustrative purposes only this example assumes that simple interest is calculated annually and paid at maturity with no compounding. Redemptions before maturity are allowed only in certain circumstances and no interest is paid.

CIBC Escalating Rate TFSA GIC®: Interest is compounded annually and paid at maturity. For illustrative purposes only this example assumes that simple interest is calculated annually and paid at maturity with no compounding. If a GIC is redeemed before maturity to transfer funds to a TFSA at another financial institution, no interest will be paid and a transfer fee will apply.

CIBC Flexible GIC®: Simple interest is calculated and paid at maturity. If redeemed 30 days or more from the issue date interest is paid from the issue date to the date of redemption. For redemption made within the first 29 days, no interest is paid.

CIBC Flexible RRSP GIC®: Simple interest is calculated and paid at maturity. If redeemed 30 days or more from the issue date interest is paid from the issue date to the date of redemption. For redemption made within the first 29 days, no interest is paid.

CIBC Flexible TFSA GIC®: Simple interest is calculated and paid at maturity. If redeemed 30 days or more from the issue date interest is paid from the issue date to the date of redemption. For redemption made within the first 29 days, no interest is paid.

CIBC LIF GIC: For illustrative purposes only this example assumes that simple interest is calculated annually and paid at maturity with no compounding. For terms of 1 year or less, simple interest is paid at maturity. For terms of more than 1 year, interest is compounded annually and paid at maturity.

CIBC Long-Term GIC: For illustrative purposes only this example assumes that simple interest is calculated annually and paid at maturity with no compounding. Two interest options are available: simple interest is paid when you select the monthly, quarterly, semi-annual or annual interest payment option; or, compound interest is calculated annually and paid at maturity.

CIBC Market-linked GIC: The potential interest payment on CIBC Market-linked GICs is typically linked to stocks or equity indices, but may also be linked to mutual funds, interest rates, commodities, currencies or bonds. The return is dependent on the change in value (which may be positive or negative) of the underlying assets during the term of the GIC. Except where a GIC expressly provides for a minimum guaranteed return, it is possible that there may be no interest (or no additional interest in the case of a GIC with a minimum guaranteed return) payable to the investor. Some GICs may also be subject to caps, participation rates and/or other limits. The full principal amount will be repaid at maturity. Please see the relevant information statement for complete details, including the precise formula for determining interest payments.

CIBC Market-linked RRSP GIC: The potential interest payment on CIBC Market-linked RRSP GICs is typically linked to stocks or equity indices, but may also be linked to mutual funds, interest rates, commodities, currencies or bonds. The return is dependent on the change in value (which may be positive or negative) of the underlying assets during the term of the GIC. Except where a GIC expressly provides for a minimum guaranteed return, it is possible that there may be no interest (or no additional interest in the case of a GIC with a minimum guaranteed return) payable to the investor. Some GICs may also be subject to caps, participation rates and/or other limits. The full principal amount will be repaid at maturity. Please see the relevant information statement for complete details, including the precise formula for determining interest payments. Redemptions before maturity are allowed only in certain circumstances and no interest is paid.

CIBC Redeemable GIC: For illustrative purposes only this example assumes that simple interest is calculated annually and paid at maturity with no compounding. For terms of less than 1 year, simple interest is paid at maturity. For terms of 1 year or more, simple interest is paid when you select the monthly, quarterly, semi-annual or annual interest payment option; or, compound interest is calculated annually and paid at maturity. While you may redeem this GIC prior to maturity an early redemption rate will apply depending on the original term of your GIC and how long you hold the GIC before redemption; in certain cases no interest will be paid.

CIBC RESP GIC: For illustrative purposes only this example assumes that simple interest is calculated annually and paid at maturity with no compounding. For terms of 1 year, simple interest is paid at maturity. For terms of more than 1 year, compound interest is calculated annually and paid at maturity.

CIBC RRIF GIC: For illustrative purposes only this example assumes that simple interest is calculated annually and paid at maturity with no compounding. For terms of 1 year or less, simple interest is paid at maturity. For terms of more than 1 year, compound interest is calculated annually and paid at maturity.

CIBC RRSP Daily Interest Savings Account: For illustrative purposes only. Interest is calculated daily on each day’’s final balance and paid monthly.

CIBC RRSP GIC (Non-Redeemable): For illustrative purposes only this example assumes that simple interest is calculated annually and paid at maturity with no compounding. For terms of less than 1 year, simple interest is paid at maturity. For terms of 1 year or more, compound interest is calculated annually and paid at maturity. Redemptions before maturity are allowed only in certain circumstances and no interest is paid.

CIBC RRSP GIC (Redeemable): For illustrative purposes only this example assumes that simple interest is calculated annually and paid at maturity with no compounding. For terms of 1 year or less, simple interest is paid at maturity. For terms of more than 1 year, compound interest is calculated annually and paid at maturity. You can withdraw some or all of the funds on any business day prior to maturity at specified early redemption rates.

CIBC Short-Term GIC: Simple interest is calculated and paid at maturity.

CIBC Stock Market Advantage® GIC: The return on this GIC depends on if, and how, the related index increases over your GICís term. Return will be calculated in accordance with the formula set out on the Information Statement (issued at time of purchase). Return is subject to a participation rate, which means that you will receive a percentage of any increase in the underlying index; the participation rate is set when you buy the GIC. Return is not guaranteed; if the index falls, there may be no return. Canadian law prohibits a person from receiving interest greater than 60% a year. Principal is repaid at maturity; this GIC is non-redeemable before maturity.

CIBC Stock Market Advantage® RRSP GIC: The return on this GIC depends on if, and how, the related index increases over your GICís term. Return will be calculated in accordance with the formula set out on the Information Statement (issued at time of purchase). Return is subject to a participation rate, which means that you will receive a percentage of any increase in the underlying index; the participation rate is set when you buy the GIC. Return is not guaranteed; if the index falls, there may be no return. Canadian law prohibits a person from receiving interest greater than 60% a year. Principal is repaid at maturity; this GIC is non-redeemable before maturity, except in limited circumstances.

CIBC TFSA GIC (Non-Redeemable): For illustrative purposes only this example assumes that simple interest is calculated annually and paid at maturity with no compounding. For terms of 1 year or less, simple interest is paid at maturity. For terms of more than 1 year, compound interest is calculated annually and paid at maturity. If a GIC is redeemed before maturity to transfer funds to a TFSA at another financial institution, no interest will be paid and a transfer fee will apply.

CIBC TFSA GIC (Redeemable): For illustrative purposes only this example assumes that simple interest is calculated annually and paid at maturity with no compounding. For terms of 1 year or less, simple interest is paid at maturity. For terms of more than 1 year, compound interest is calculated annually and paid at maturity. You can withdraw some or all of the funds on any business day prior to maturity at specified early redemption rates.

CIBC TFSA Tax Advantage Savings Account®: For illustrative purposes only. Interest is calculated daily on each dayís final balance and paid monthly.

CIBC Variable Rate GIC: Rates are equal to the CIBC Prime Rate less a fixed spread and will change one day after the CIBC Prime Rate changes.

® Registered trademark of CIBC or its subsidiaries.

™ Trademark of CIBC or its subsidiaries.

Personal savings (non-registered)
Save tax-free (TFSA)
Save for retirement (RRSP)
Income during retirement (RRIF/LIF)
Save for a child's education (RESP)
Less than 1 year
1 year
2 years
3 years
4 years
5 years
Fixed growth (principal + interest guaranteed)
Market growth (principal guaranteed)