† Your total interest rate is annual and calculated by adding the posted rate and your promotional rate.
Posted rates are annual rates and are current as of today’s date RDS%SYSTEM_DATE(#M# #d#, #Y#)% and may be changed or withdrawn at any time without notice.
Promotional Rates (The following section only applies if above indicates your GIC is subject to a promotional rate)
A. Promotional rates are as of today’s date RDS%SYSTEM_DATE(#M# #d#, #Y#)%.
B. Promotional rates are subject to change at any time. Rates shown are annual rates. Promotional rates apply only to new GIC purchases and will not apply to any subsequent renewals. Promotional rates are not applicable for non-personal clients.
C. The promotional rate indicated above may not be combined with any other rate offer.
1 The maximum investment is $999,999.
2 The rates are variable for each GIC's term. This is the annual rate as of RDS%SYSTEM_DATE(#M# #d#, #Y#)% for the $1,000 to $24,999 non-registered investment tier (refer to GIC rates). It applies to new purchases only. The rate is equal to the CIBC Prime Rate less a fixed spread and will change one day after the CIBC Prime Rate changes. The current CIBC Prime Rate is RDS%rate.PRIME.Published(null,null,null,null)(#O2#)% . The maximum investment is $999,999.
3 Interest calculation: Simple interest is calculated and paid at maturity. If a GIC is redeemed before maturity to transfer funds to the same account type at a different financial institution, no interest will be paid and a transfer fee will apply.
If funds are withdrawn or transferred within 29 days of purchase, no interest will be paid on those funds. Where the maturity date falls on a non-business day the GIC will mature on the next business day.
4 On renewal, CIBC may change the GIC's terms and conditions. If the type of GIC you selected is not available, CIBC will renew the GIC into one that it believes is the closest match. In either case, the new terms and conditions will be set out on the Renewal Confirmation.
For renewed GICs, you can cancel up to 10 business days after receiving your Renewal Confirmation by visiting a CIBC Banking Centre or by calling CIBC Telephone Banking at 1-800-465-3863 Opens your phone app..
5 Additional Terms for Telephone Banking or Online Banking Purchases: You will have 14 days from the date of the Purchase Confirmation to cancel your purchase by visiting a CIBC Banking Centre or by calling CIBC Telephone Banking at 1-800-465-3863 Opens your phone app..