About the CIBC Short-Term GIC

With the CIBC Short-Term GIC, you deposit money for a set period of 30 to 364 days at a fixed rate of interest. The longer your term, the higher the rate you generally earn. It’s a safe place to park your money for a short period of time, while enjoying a guaranteed rate of interest and fully-protected principal.


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

  • You need to park your money for a short period of time, perhaps before making a major purchase or investment decision
  • You prefer to keep some of your investments in shorter terms in order to provide liquidity
  • You value the stability and security of a fixed-term investment for some or all of your portfolio

Useful Information

  • Setting up a combination of 30, 60 or 90-day Short Term GICs can add liquidity to your portfolio.
  • This GIC is issued by CIBC and qualifies as collateral for loans.
Term $1,000 - $4,999 $5,000 - $24,999 $25,000 - $99,999
$100,000 - $249,999 $250,000 - $999,999  
1 - 29 days
- - - - -  
30 - 59 days - RDS%rate[4].STGIC.rate(30_-_59_Days_D,5000.0_-_24999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].STGIC.rate(30_-_59_Days_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].STGIC.rate(30_-_59_Days_D,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].STGIC.rate(30_-_59_Days_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)%  
60 - 89 days
RDS%rate[4].STGIC.rate(60_-_89_Days_D,1000.0_-_4999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].STGIC.rate(60_-_89_Days_D,5000.0_-_24999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].STGIC.rate(60_-_89_Days_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].STGIC.rate(60_-_89_Days_D,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].STGIC.rate(60_-_89_Days_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)%  
90 - 119 days RDS%rate[4].STGIC.rate(90_-_119_Days_D,1000.0_-_4999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].STGIC.rate(90_-_119_Days_D,5000.0_-_24999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].STGIC.rate(90_-_119_Days_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].STGIC.rate(90_-_119_Days_D,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].STGIC.rate(90_-_119_Days_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)%  
120 - 179 days RDS%rate[4].STGIC.rate(120_-_179_Days_D,1000.0_-_4999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].STGIC.rate(120_-_179_Days_D,5000.0_-_24999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].STGIC.rate(120_-_179_Days_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].STGIC.rate(120_-_179_Days_D,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].STGIC.rate(120_-_179_Days_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)%  
180 - 269 days RDS%rate[4].STGIC.rate(180_-_269_Days_D,1000.0_-_4999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].STGIC.rate(180_-_269_Days_D,5000.0_-_24999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].STGIC.rate(180_-_269_Days_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].STGIC.rate(180_-_269_Days_D,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].STGIC.rate(180_-_269_Days_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)%  
270 - 364 days RDS%rate[4].STGIC.rate(270_-_364_Days_D,1000.0_-_4999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].STGIC.rate(270_-_364_Days_D,5000.0_-_24999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].STGIC.rate(270_-_364_Days_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].STGIC.rate(270_-_364_Days_D,100000.0_-_249999.99_CAD_Balance,1,1)(#T3#)% RDS%rate[4].STGIC.rate(270_-_364_Days_D,250000.0_-_999999.99_CAD_Balance,1,1)(#T3#)%  

Minimum investment

  • $1,000 for terms greater than 30 days
  • $5,000 for 30 day term

Access to principal

  • At maturity only

Interest

  • Simple interest is paid at maturity


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