These Guaranteed Investment Certificates (GICs) are fully eligible for your CIBC Registered Education Savings Plan (RESP) and provide guaranteed principal and interest, making them an ideal part of a diversified portfolio.
Available in terms ranging from 1- to 5-years, CIBC RESP GICs are also an appropriate consideration as a beneficiary approaches post-secondary level education, when preservation of capital and security are even more important.
1- to 5-years
Access to funds
At maturity only.
For GICs with a one-year term, interest is paid at maturity. On all other GICs, interest is compounded on each anniversary date and paid at maturity.
Is it for you?
The CIBC RESP GIC could be for you if any of the following apply:
You want a 100% guarantee on your initial investment.
You want the security of a guaranteed rate of return.
You are looking to diversify an RESP portfolio.
You want to take advantage of compound interest.
RESP GICs will be automatically renewed upon maturity unless alternate investment instructions were provided prior to maturity.