Why choose a CIBC Variable Rate GIC?

Convenience

Easy access

Low minimum investment

How much interest will you earn?

Term and rate

 

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What you need to know

Type

Cashable

Access

Access your money at any time. If you cash out early, there's a minimum withdrawal amount based on how much you invested

Interest

  • The rate is linked to the CIBC Prime Rate, and will change one day after the CIBC Prime Rate changes
  • You're paid simple interest at maturity
  • If you cash out in the first 29 days, you're not paid interest
  • If you cash out after 29 days, you're paid full interest up to the day you withdraw your money

Fees

No fees

Renewal

You can automatically renew your GIC when it matures or deposit your principal and interest into your bank account

Interested in other GIC rates?

Review all GIC rates

How to invest in a CIBC Variable Rate GIC

Step 1 of 3.

What you need to get started

• Your Social Insurance Number

• You must be living in Canada

• A CIBC personal bank account or line of credit to fund your GIC

Need an account? Apply for a bank account or line of credit

• Your GIC account number if you plan to use that account


Step 2 of 3.

Fill out the application

Applying online only takes about 5 minutes. Want us to guide you through the application? Call us or visit a CIBC Banking Centre. If you're already a client, you'll spend less time applying.


Step 3 of 3.

Review the details online

Keep tabs on your GIC using CIBC Online Banking®. Check your maturity date, interest rate, deposit amount and more at any time.



CIBC is a member of Canada Deposit Insurance Corporation (CDIC). GICs are eligible for CDIC coverage to a maximum of $100,000.