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Why choose a CIBC EasyBuilder GIC?
This GIC is right for you if you want to maximize your returns without parking all your money into one long-term investment. We use a strategy called laddering to split your money into 5 GICs. Each one has a different maturity date, from 1 to 5 years. As each term matures, we reinvest your money into a new 5-year GIC.
Competitive rates
Stay a step ahead
Access to your savings
How much interest will you earn?
Terms and rates
| 1 year | RDS%rate[4].EZGIC.Published(1_null_null_Year_T,500.0_-_999999.99_CAD_Balance,21,1)(#O2#)% |
| 2 year | RDS%rate[4].EZGIC.Published(2_null_null_Year_T,500.0_-_999999.99_CAD_Balance,21,1)(#O2#)% |
| 3 year | RDS%rate[4].EZGIC.Published(3_null_null_Year_T,500.0_-_999999.99_CAD_Balance,21,1)(#O2#)% |
| 4 year | RDS%rate[4].EZGIC.Published(4_null_null_Year_T,500.0_-_999999.99_CAD_Balance,21,1)(#O2#)% |
| 5 year | RDS%rate[4].EZGIC.Published(5_null_null_Year_T,500.0_-_999999.99_CAD_Balance,21,1)(#O2#)% |
What you need to know
Type
Non-redeemable
Access
Each year, you can withdraw 20% of your initial investment
Interest
You can choose from 2 options:
- Simple interest, which is calculated and paid annually
- Compound interest, which is calculated annually and paid at maturity
Fees
No fees
Renewal
When each term matures, your money is automatically invested into a 5-year term3, unless you notify us before maturity and we can repay you based on your instructions
Interested in other GIC rates?
How to invest in a CIBC EasyBuilder GIC
What you need to get started
• Your Social Insurance Number
• You must be living in Canada
• A CIBC personal bank account or line of credit to fund your GIC
Need an account? Apply for a bank account or line of credit
• Your GIC account number if you plan to use that account
Fill out the application
Call us or visit a banking centre. Already a CIBC client? Your application is even shorter.4
Review the details online
Keep tabs on your GIC using CIBC Online Banking®. Check your maturity date, interest rate, deposit amount and more at any time.
Explore our most popular products and discover a GIC that’s right for you. Our GIC calculator can help you select a product and show your expected returns.
