1 The rates shown are for at-maturity interest payment option and may change without prior notice.
Interest rates quoted are annual rates. Rates are fixed for each GIC’s term. Rates are subject to change without prior notice.
Interest calculation: For terms of 1 year or less, simple interest is paid at maturity. For terms over 1 year, compound interest is calculated annually and paid at maturity.
Minimum deposit: $500.
If a GIC is redeemed before maturity to transfer funds to an RRSP at another financial institution, no interest will be paid and a transfer fee will apply.
2 Interest is calculated on each day’s final balance and paid monthly. Your entire account balance earns the rate displayed for your balance’s highest tier.
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The following Terms and Conditions explain in detail how bonus interest can be earned on new balances in an existing CIBC RRSP Daily Interest Savings Account or on deposits to a new CIBC RRSP Daily Interest Savings Account.
General
The CIBC RRSP Daily Interest Savings Account (DISA) Bonus Interest Offer (the "DISA Offer") begins on November 1, 2016 and continues until March 31, 2017 (the "DISA Offer Period"). The DISA Offer applies to eligible DISAs only.
Eligible DISAs
If a DISA is opened during the DISA Offer Period, it is eligible to earn Bonus Interest on the full daily closing balance from the date the DISA is opened for the duration of the DISA Offer Period.
If a DISA was opened before the DISA Offer Period, it will earn Bonus Interest on the portion of the account's daily closing balance that exceeds the closing balance as at October 31, 2016 (the “New Balance”).
The DISA Offer is limited to one DISA per customer. If a customer has more than one DISA under the same name during the DISA Offer Period, only the first DISA opened will be eligible.
Bonus Interest and Regular Interest
Bonus Interest is calculated daily at the current rate and paid monthly on:
(a) each day's full closing balance for an eligible DISA opened during the DISA Offer Period; or
(b) each day's New Balance for an eligible DISA opened before the DISA Offer Period.
Regular Interest is calculated daily at the current rate on each day's full closing balance and paid monthly.
If the DISA is closed during the month, Bonus Interest is not paid for that entire month.
For current Bonus and Regular Interest rates ask at any CIBC branch or visit www.cibc.com. Regular and Bonus Interest rates may change at any time without prior notice.
Restrictions
Bonus Interest will not be paid on funds that are transferred from an existing DISA to another existing or new DISA.
This DISA Offer cannot be combined with any other offer on your DISA. CIBC, in its sole discretion, may change these terms and conditions or withdraw this DISA Offer at any time without notice. CIBC reserves the right, in its sole discretion, to disqualify, limit or revoke this DISA Offer in respect of any CIBC customer who it determines or believes is abusing or manipulating this DISA Offer.
3 The rates shown are for at-maturity interest payment option and may change without prior notice.
Interest rates quoted are annual rates. Rates are fixed for each GIC’s term. Rates are subject to change without prior notice.
Interest calculation: Interest is compounded annually and paid at maturity.
Minimum deposit: $500.
If a GIC is redeemed before maturity to transfer funds to an RRSP at another financial institution, no interest will be paid and a transfer fee will apply.
4 The rates shown are for at-maturity interest payment option and may change without prior notice.
Interest rates quoted are annual rates. Rates are fixed for each GIC’s term. Rates are subject to change without prior notice.
Interest calculation: Simple interest is paid at maturity.
Minimum deposit: $500.
If a GIC is redeemed before maturity to transfer funds to an RRSP at another financial institution, no interest will be paid and a transfer fee will apply.
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