Staggering the maturity dates of your GIC portfolio, also known as "laddering", is a great way to maximize returns, receive convenient access to your funds and reduce reinvestment risk.
Instead of building and managing a laddered GIC portfolio yourself, an easier and more convenient way to include this strategy in your portfolio is to take advantage of the new CIBC EasyBuilder GIC.
The CIBC EasyBuilder GIC "packages" a laddered investment strategy into a one-stop GIC solution - a solution that does the work for you.
How you benefit from the CIBC EasyBuilder GIC:
Maximizes returns by automatically reinvesting your maturing investments into 5-year GICs, which allow you to benefit from the typically higher interest rates of longer-term GICs.
Reduces reinvestment risk - the risk of missing out on interest rate peaks and of renewing your investment when rates are low - by creating a portfolio of GICs diversified by maturity date.
Provides convenient access to 20% of your initial investment each year.
Guarantees a return and gives you 100% protection of your investment.