About the CIBC Long-Term GIC

With the CIBC Long-Term GIC, you deposit money with us for 1 to 7 years, during which time you earn a guaranteed rate of interest. The longer you keep the money on deposit, the higher the rate of interest you generally earn. At the end of the term we return the full amount of your deposit plus interest - guaranteed.


Is it for you?

The CIBC Long-Term GIC could be for you if any of the following apply:

  • You want to put funds aside for future goals such as a major purchase or retirement
  • You are willing to lock in your deposit for a longer period so you can earn a higher rate of interest
  • You value the stability and security of a fixed term investment for some or all of your portfolio

Useful Information

  • Consider staggering or "laddering" your GIC maturity dates by dividing your investment equally among five Long-Term GICs, with terms ranging from 1 to 5 years. As each GIC matures, re-invest it into a 5 year term, which generally earns a higher interest rate than shorter terms. Because you have one GIC maturing each year, you have access to a portion of your investment annually if you need it. If rates rise, some of your GIC dollars can be re-invested, with only a portion of your GIC maturing if rates fall. Ask your CIBC advisor about how the CIBC Easybuilder GIC can let you benefit from this laddering strategy
  • This GIC is issued by CIBC Trust Corporation and qualifies as collateral for loans
Term $1,000 - $99,999 $100,000 - $249,999 $250,000 - $999,999
12 - 16 months RDS%rate[4].LT.rate(12_<_17_Months_D,1000.0_-_99999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(12_<_17_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(12_<_17_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)%
17 months RDS%rate[4].LT.rate(17_null_null_Months_D,1000.0_-_99999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(17_null_null_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(17_null_null_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)%
18 - 23 months RDS%rate[4].LT.rate(18_<_24_Months_D,1000.0_-_99999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(18_<_24_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(18_<_24_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)%
24 - 29 months RDS%rate[4].LT.rate(24_<_30_Months_D,1000.0_-_99999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(24_<_30_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(24_<_30_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)%
30 - 35 months
RDS%rate[4].LT.rate(30_<_36_Months_D,1000.0_-_99999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(30_<_36_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(30_<_36_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)%
36 - 41 months RDS%rate[4].LT.rate(36_<_42_Months_D,1000.0_-_99999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(36_<_42_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(36_<_42_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)%
42 - 47 months
RDS%rate[4].LT.rate(42_<_48_Months_D,1000.0_-_99999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(42_<_48_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(42_<_48_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)%
48 - 53 months RDS%rate[4].LT.rate(48_<_54_Months_D,1000.0_-_99999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(48_<_54_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(48_<_54_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)%
54 - 59 months
RDS%rate[4].LT.rate(54_<_60_Months_D,1000.0_-_99999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(54_<_60_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(54_<_60_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)%
60 - 65 months
RDS%rate[4].LT.rate(60_<_66_Months_D,1000.0_-_99999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(60_<_66_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(60_<_66_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)%
66 - 71 months
RDS%rate[4].LT.rate(66_<_72_Months_D,1000.0_-_99999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(66_<_72_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(66_<_72_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)%
72 - 77 months RDS%rate[4].LT.rate(72_<_78_Months_D,1000.0_-_99999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(72_<_78_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(72_<_78_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)%
78 - 83 months
RDS%rate[4].LT.rate(78_<_84_Months_D,1000.0_-_99999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(78_<_84_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(78_<_84_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)%
84 months RDS%rate[4].LT.rate(84_null_null_Months_D,1000.0_-_99999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(84_null_null_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].LT.rate(84_null_null_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)%

Minimum investment

  • $1,000 ($5,000 if you require monthly interest payments)

Access to principal

  • At maturity only

Interest

  • Simple interest is paid monthly, quarterly, semi-annually, or annually
  • Or, compound interest is calculated annually and paid at maturity


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