About the CIBC Redeemable GIC

With the CIBC Redeemable GIC, you deposit money with us for 1 day to 7 years, and earn a guaranteed rate of interest. At the end of the term, we return the full amount of your deposit, plus interest. If you decide you need your money back sooner, you have the option to withdraw your funds any time, at specified early redemption rates.


Is it for you?

The CIBC Redeemable GIC could be for you if any of the following apply:

  • You want a secure investment
  • You want the option to withdraw your funds at any time

Useful Information

  • Larger balances are generally rewarded with higher interest rates
  • For terms 1 year and longer, you can manage interest you earn in two ways:
    • Get interest paid to your bank account monthly, quarterly, semi-annually or annually, giving you regular income
    • Let interest be calculated and added to your principal each year, giving you compounded interest growth
  • While Redeemable GICs generally pay less interest than non-redeemable GICs, they do allow you to cash out before maturity, at early redemption rates. If you need access to some but not all of your funds, consider placing some money in a Redeemable GIC, and the rest in a Long Term GIC. This maximizes your interest rate earnings, while giving you the liquidity you need. Other GICs offering early access to cash include the CIBC Flexible GIC or CIBC Cashable Escalating Rate GIC
  • Available as a registered CIBC RRSP GIC (Redeemable) or as a CIBC TFSA GIC (Redeemable)
Term $500 - $999
$1,000 - $4,999 $5,000 - $99,999 $100,000 - $249,999 $250,000 - $999,999
1 - 29 days - - - - -
30 - 59 days - - RDS%rate[4].RGIC.rate(30_-_59_Days_D,5000.0_-_99999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(30_-_59_Days_D,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(30_-_59_Days_D,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)%
60 - 89 days - RDS%rate[4].RGIC.rate(60_-_89_Days_D,1000.0_-_4999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(60_-_89_Days_D,5000.0_-_99999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(60_-_89_Days_D,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(60_-_89_Days_D,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)%
90 - 119 days
- RDS%rate[4].RGIC.rate(90_-_119_Days_D,1000.0_-_4999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(90_-_119_Days_D,5000.0_-_99999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(90_-_119_Days_D,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(90_-_119_Days_D,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)%
120 - 179 days
- RDS%rate[4].RGIC.rate(120_-_179_Days_D,1000.0_-_4999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(120_-_179_Days_D,5000.0_-_99999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(120_-_179_Days_D,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(120_-_179_Days_D,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)%
180 - 269 days - RDS%rate[4].RGIC.rate(180_-_269_Days_D,1000.0_-_4999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(180_-_269_Days_D,5000.0_-_99999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(180_-_269_Days_D,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(180_-_269_Days_D,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)%
270 - 364 days
- RDS%rate[4].RGIC.rate(270_-_364_Days_D,1000.0_-_4999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(270_-_364_Days_D,5000.0_-_99999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(270_-_364_Days_D,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(270_-_364_Days_D,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)%
12 - 17 months
- RDS%rate[4].RGIC.rate(12_<_18_Months_D,1000.0_-_4999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(12_<_18_Months_D,5000.0_-_99999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(12_<_18_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(12_<_18_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)%
18 - 23 months
- RDS%rate[4].RGIC.rate(18_<_24_Months_D,1000.0_-_4999.99_CAD_Balance,1,1)(#O3#)%  RDS%rate[4].RGIC.rate(18_<_24_Months_D,5000.0_-_99999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(18_<_24_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(18_<_24_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)%
24 - 29 months
- RDS%rate[4].RGIC.rate(24_<_30_Months_D,1000.0_-_4999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(24_<_30_Months_D,5000.0_-_99999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(24_<_30_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(24_<_30_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)%
30 - 35 months
- RDS%rate[4].RGIC.rate(30_<_36_Months_D,1000.0_-_4999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(30_<_36_Months_D,5000.0_-_99999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(30_<_36_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(30_<_36_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)%
36 - 41 months
- RDS%rate[4].RGIC.rate(36_<_42_Months_D,1000.0_-_4999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(36_<_42_Months_D,5000.0_-_99999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(36_<_42_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(36_<_42_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)%
42 - 47 months
- RDS%rate[4].RGIC.rate(42_<_48_Months_D,1000.0_-_4999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(42_<_48_Months_D,5000.0_-_99999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(42_<_48_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(42_<_48_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)%
48 - 53 months - RDS%rate[4].RGIC.rate(48_<_54_Months_D,1000.0_-_4999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(48_<_54_Months_D,5000.0_-_99999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(48_<_54_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(48_<_54_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)%
54 - 59 months - RDS%rate[4].RGIC.rate(54_<_60_Months_D,1000.0_-_4999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(54_<_60_Months_D,5000.0_-_99999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(54_<_60_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(54_<_60_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)%
60 - 65 months - RDS%rate[4].RGIC.rate(60_<_66_Months_D,1000.0_-_4999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(60_<_66_Months_D,5000.0_-_99999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(60_<_66_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(60_<_66_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)%
66 - 71 months - RDS%rate[4].RGIC.rate(66_<_72_Months_D,1000.0_-_4999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(66_<_72_Months_D,5000.0_-_99999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(66_<_72_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(66_<_72_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)%
72 - 77 months - RDS%rate[4].RGIC.rate(72_<_78_Months_D,1000.0_-_4999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(72_<_78_Months_D,5000.0_-_99999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(72_<_78_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(72_<_78_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)%
78 - 83 months
- RDS%rate[4].RGIC.rate(78_<_84_Months_D,1000.0_-_4999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(78_<_84_Months_D,5000.0_-_99999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(78_<_84_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(78_<_84_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)%
84 months
- RDS%rate[4].RGIC.rate(84_=_null_Months_D,1000.0_-_4999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(84_=_null_Months_D,5000.0_-_99999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(84_=_null_Months_D,100000.0_-_249999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RGIC.rate(84_=_null_Months_D,250000.0_-_999999.99_CAD_Balance,1,1)(#O3#)%

Minimum investment 

  • $1,000 (60-day to 7-year terms)
  • $5,000 (30- to 59-day terms)
  • $100,000 (1- to 29-day terms)

Access to principal 

  • You have the flexibility to access your money at any time prior to maturity
  • With partial early withdrawals, a certain amount must remain on deposit

Interest 

  • For terms less than one year, simple interest is paid at maturity
  • For terms of one year or more, simple interest is paid monthly, quarterly, semi-annually or annually
  • Or, compound interest is calculated annually and paid at maturity


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