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.
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.