About the CIBC Variable Rate GIC

With a CIBC Variable Rate GIC, you deposit money with us for 1 year. At the end of the term, we return your deposit, guaranteed. During the term, your annual interest rate will automatically be adjusted one day after the CIBC Prime Rate changes and you will have the flexibility to withdraw funds at any time - with full interest earned - after 30 days.


Minimum investment

Terms available
1 year

Access to principal
You can access your money at any time. Prior to maturity, there is a minimum withdrawal amount based on your original investment.


  • The interest rate is linked to the CIBC Current Prime Rate and will change one day after the CIBC Prime Rate changes
  • Simple interest is paid at maturity
  • Larger balances are generally rewarded with higher interest rates
  • In the event of early withdrawal, full interest earned is paid after only 30 days
  • If you withdraw funds within the first 30 days, no interest is paid

Is it for you?

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

  • You want a variable rate investment
  • You want the flexibility to withdraw funds at any time
  • You want a secure investment


Useful information

  • Principal and interest can be automatically renewed or deposited into your bank account
  • This GIC is issued by CIBC and qualifies as collateral for loans

Interested in an RRSP GIC?

Consider a CIBC Flexible RRSP GIC

For RRIF/LIF portfolios

We recommend the CIBC RRIF GIC and LIF GIC

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