† The GICs are fixed rate products and are non-redeemable before maturity. Interest rates are annual interest rates.
Posted rates are annual rates and are current as of RDS%SYSTEM_DATE(#M# #d#, #Y#)% and may be changed or withdrawn at any time without notice.
Interest will not be earned after the GIC matures.
For GIC terms of less than 1-year, simple interest is calculated and paid at maturity. For GIC terms of 1 year or more, compound interest is calculated annually and paid at maturity.
1 For the full terms and conditions that apply when you open and invest funds in the CIBC Non-Redeemable GIC, refer to the Supplementary Disclosure for CIBC Non-Redeemable GICs (PDF, 150 KB) Opens in a new window..
2 CIBC Non-Redeemable Guaranteed Investment Certificates (GICs) are available for purchase in the CIBC Investment First Home Savings Account (FHSA) and CIBC Investment Registered Education Savings Plan (RESP) in a CIBC Investment Account. CIBC Non-Redeemable Guaranteed Investment Certificates (GICs) are offered by CIBC Securities Inc. (CIBC SI). CIBC SI is a subsidiary of CIBC and Member CIPF. The issuer of the GICs is CIBC Trust Corporation (“CIBC Trust”).
3 Rates are fixed for each GIC’s term. The minimum investment for a CIBC Non-Redeemable GIC is $500. The GIC is non-redeemable prior to maturity. The rate may change at any time without notice.
4 If you provided instructions to renew the GIC on maturity, the GIC will automatically renew without further agreement into the GIC indicated under ‘New Maturity Instructions’ in your confirmation notice. The interest rate will be the prevailing rate in effect for the type and term of the renewed GIC on the date of renewal plus the ‘Next Renewal Term Bonus’ interest rate indicated in your confirmation notice, if applicable. The ‘Next Renewal Term Bonus’ interest rate will not apply to any subsequent renewals. All renewed GICs will be fixed rate products.
On renewal, CIBC Trust may change the GIC terms and conditions. The terms and conditions for the new GIC will be set out in the confirmation mailed or delivered electronically to you following renewal. You have 10 business days from the issue date of the GIC to make changes to the renewed GIC or to cancel the renewed GIC at which time the principal amount will be available for you to reinvest in another product of your choice.
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