CIBC Variable Rate GIC

The CIBC Variable Rate GIC guarantees your principal, while offering you a variable interest rate that is linked to the CIBC Prime Rate and the option to cash out early prior to maturity.

With a CIBC Variable Rate GIC, you deposit money with us for 1 year. At the end of the term, we return your deposit, guaranteed. During the term, your annual interest rate will automatically be adjusted one day after the CIBC Prime Rate changes and you will have the flexibility to withdraw funds at any time - with full interest earned - after 30 days.


  • Cashable

Minimum investment

  • $1,000

Terms available

  • 1 Year

Access to funds

  • You can access your money at any time. Prior to maturity, there is a minimum withdrawal amount based on your original investment.


  • The interest rate is linked to the CIBC Prime Rate and will change one day after the CIBC Prime Rate changes
  • Simple interest is paid at maturity
  • In the event of early withdrawal, full interest earned is paid after ONLY 30 days.
  • If you withdraw funds within the first 30 days, no interest is paid.

Is this GIC right for your business?

The CIBC Variable Rate GIC could be for your business if any of the following apply:

  • You want a variable rate investment.
  • You want the ability to access funds at any time while earning a competitive rate of interest.
  • You want a secure investment.

Useful information:

  • Larger balances are generally rewarded with higher interest rates.
  • Principal and interest can be automatically renewed or deposited into your bank account.
  • This GIC is issued by CIBC and qualifies as collateral for loans.

Know how to Start Strong

Kick-start your new business with planning ideas and expert guidance from the CIBC Start Strong Program for Business.

Learn moreabout the CIBC Start Strong Program for Business

Interested in a CIBC Variable Rate GIC?

Visit your local CIBC Banking CentreOpens a new window in your browser and talk to a business advisor.

Contact us

Telephone Banking:  1-800-465-2422 Opens your phone app.  |  Contact us