† Interest is calculated on the full daily closing balance and is paid monthly. The interest rates quoted are annual rates. The Regular Interest Rate may change at any time without prior notice.
1 Rates are fixed for each GIC’s term. The minimum investment is $500 and maximum is $999,999. The maximum investment for online purchases is $999,999. To open a CIBC RRIF or LIF account, you need a minimum balance of $5,000.
Interest calculation: For terms of one year or less, simple interest is calculated and paid at maturity. For terms over a year, compound interest will be calculated annually and paid at maturity. If a GIC is redeemed before maturity to transfer funds to the same account type at another financial institution, no interest will be paid and a transfer fee will apply.
A Bonus Rate TFSA GIC will automatically reinvest into a Bonus Rate TFSA GIC for the same term. You can change reinvestment instructions anytime by visiting a CIBC Banking Centre Opens in a new window.. Changes can also be made by calling CIBC Telephone Banking at 1-800-465-3863 Opens your phone app.. For terms of 1 year or less, simple interest is calculated and paid at maturity. For terms over a year, compound interest will be calculated annually and paid at maturity.
2 Rates are fixed for each GIC’s term. The minimum investment is $500 and maximum is $999,999. The maximum investment amount for online purchases is $999,999
Interest calculation: If funds are withdrawn or transferred within 29 days of purchase, no interest will be paid on those funds. If a GIC is redeemed before maturity to transfer funds to the same account type at a different financial institution, no interest will be paid and a transfer fee will apply. Simple interest is calculated and paid at maturity. If redeemed 30 days or more from the issue date, interest will be paid from the issue date to the date of redemption. For terms of 1 year or less, simple interest is calculated and paid at maturity. For terms over a year, compound interest will be calculated annually and paid at maturity.
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