About the CIBC Escalating Rate GIC

  • Non-redeemable
  • Rates that increase each year
  • Available as non-registered, RRSP, TFSA, RRIF and LIF

The CIBC Escalating Rate GIC is for you if:

  • You have at least $500 to invest
  • You plan to invest for 3 or 5 years
  • You know you will not need access to your money before maturity

Useful Information

  • This GIC automatically renews, with interest, at maturity, unless you tell us otherwise
  • 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].ENGIC.rate(1_null_null_Year_T,500.0_-_99999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].ENGIC.rate(2_null_null_Year_T,500.0_-_99999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].ENGIC.rate(3_null_null_Year_T,500.0_-_99999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].ENGIC.rate(null,500.0_-_99999.99_CAD_Balance,11,1)(#R#)% 
$100,000 - $249,999 RDS%rate[4].ENGIC.rate(1_null_null_Year_T,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].ENGIC.rate(2_null_null_Year_T,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].ENGIC.rate(3_null_null_Year_T,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].ENGIC.rate(null,100000.0_-_249999.99_CAD_Balance,11,1)(#R#)% 
$250,000 - 999,999 RDS%rate[4].ENGIC.rate(1_null_null_Year_T,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].ENGIC.rate(2_null_null_Year_T,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].ENGIC.rate(3_null_null_Year_T,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].ENGIC.rate(null,250000.0_-_999999.99_CAD_Balance,11,1)(#R#)% 

Investment amount Year 1 Year 2 Year 3   Year 4 Year 5 Effective yield
$500 - $99,999 RDS%rate[4].EN5.rate(1_null_null_Year_T,500.0_-_99999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].EN5.rate(2_null_null_Year_T,500.0_-_99999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].EN5.rate(3_null_null_Year_T,500.0_-_99999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].EN5.rate(4_null_null_Year_T,500.0_-_99999.99_CAD_Balance,1,1)(#O3#)%  RDS%rate[4].EN5.rate(5_null_null_Year_T,500.0_-_99999.99_CAD_Balance,1,1)(#O3#)%  RDS%rate[4].EN5.rate(null,500.0_-_99999.99_CAD_Balance,11,1)(#R#)%
$100,000 - $249,999 RDS%rate[4].EN5.rate(1_null_null_Year_T,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].EN5.rate(2_null_null_Year_T,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].EN5.rate(3_null_null_Year_T,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].EN5.rate(4_null_null_Year_T,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)%  RDS%rate[4].EN5.rate(5_null_null_Year_T,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)%  RDS%rate[4].EN5.rate(null,100000.0_-_249999.99_CAD_Balance,11,1)(#R#)%
$250,000 0 $999,999 RDS%rate[4].EN5.rate(1_null_null_Year_T,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].EN5.rate(2_null_null_Year_T,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].EN5.rate(3_null_null_Year_T,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].EN5.rate(4_null_null_Year_T,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)%  RDS%rate[4].EN5.rate(5_null_null_Year_T,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)%  RDS%rate[4].EN5.rate(null,250000.0_-_999999.99_CAD_Balance,11,1)(#R#)%

Minimum investment

  • $500

Access

  • You can withdraw your money after the GIC matures

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

Interest

  • 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 is the best way to ensure that you’re ready for all of life’s changes.

If this GIC fits your life, consider whether you also need one as an RRSPTFSARRIF or LIF.


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