About the CIBC Cashable Escalating Rate GIC

  • Redeemable on each anniversary date
  • Guaranteed Principal
  • Rates that increase each year
  • Available as non-registered, RRSP and TFSA

The Cashable Escalating Rate GIC is for you if:

  • You have at least $500 to invest
  • You plan to invest for 3 or 5 years
  • You want to be able to have some access to your money

Useful Information

  • Principal and interest are conveniently automatically renewed unless you instruct otherwise prior to maturity
  • You can buy this GIC through online or mobile banking, over the phone at 1-800-465-2422, or by visiting a CIBC branch

Choose a term that fits your needs

Investment amount Year 1 Year 2 Year 3   Effective yield
$500 - $99,999 RDS%rate[4].ERGIC.rate(1_null_null_Year_T,500.0_-_99999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].ERGIC.rate(2_null_null_Year_T,500.0_-_99999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].ERGIC.rate(3_null_null_Year_T,500.0_-_99999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].ERGIC.rate(null,500.0_-_99999.99_CAD_Balance,11,1)(#T4#)%
$100,000 - $249,999 RDS%rate[4].ERGIC.rate(1_null_null_Year_T,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].ERGIC.rate(2_null_null_Year_T,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].ERGIC.rate(3_null_null_Year_T,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].ERGIC.rate(null,100000.0_-_249999.99_CAD_Balance,11,1)(#T4#)%
$250,000 - $999,999 RDS%rate[4].ERGIC.rate(1_null_null_Year_T,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].ERGIC.rate(2_null_null_Year_T,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].ERGIC.rate(3_null_null_Year_T,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].ERGIC.rate(null,250000.0_-_999999.99_CAD_Balance,11,1)(#T4#)%

Investment amount Year 1 Year 2 Year 3   Year 4 Year 5 Effective yield
$500 - $99,999 RDS%rate[4].ER5.rate(1_null_null_Year_T,500.0_-_99999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].ER5.rate(2_null_null_Year_T,500.0_-_99999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].ER5.rate(3_null_null_Year_T,500.0_-_99999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].ER5.rate(4_null_null_Year_T,500.0_-_99999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].ER5.rate(5_null_null_Year_T,500.0_-_99999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].ER5.rate(null,500.0_-_99999.99_CAD_Balance,11,1)(#T4#)%
$100,000 - $249,999 RDS%rate[4].ER5.rate(1_null_null_Year_T,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].ER5.rate(2_null_null_Year_T,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].ER5.rate(3_null_null_Year_T,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].ER5.rate(4_null_null_Year_T,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].ER5.rate(5_null_null_Year_T,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].ER5.rate(null,100000.0_-_249999.99_CAD_Balance,11,1)(#T4#)%
$250,000 - $999,999 RDS%rate[4].ER5.rate(1_null_null_Year_T,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].ER5.rate(2_null_null_Year_T,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].ER5.rate(3_null_null_Year_T,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].ER5.rate(4_null_null_Year_T,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].ER5.rate(5_null_null_Year_T,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].ER5.rate(null,250000.0_-_999999.99_CAD_Balance,11,1)(#T4#)%

Minimum investment

$500

Access

  • You can withdraw all or some of your money (minimum $500) on each anniversary date - or up to 7 days after and still earn interest1
  • If you make a partial withdrawal, at least $500 must remain in the GIC; otherwise, the full balance will be redeemed
  • If you redeem within 7 days after an anniversary date, you get interest to the redemption date based on the preceding year's (years') interest rate(s) disclosed at the time of purchase


If you’ll need full access to your money before maturity, consider the CIBC Flexible Rate GIC

Interest

  • Rate increases each year of the term
  • Two interest payment options are available:
    • Simple interest: paid annually
    • Compound interest: compounded annually and paid at maturity

Does this GIC fit your life?

Having GICs is a great way to help round out your portfolio. Planning a balanced portfolio means you’ll be ready for all of life’s changes.

If this GIC fits your life, consider whether you also need one as RRSP or TFSA.



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