Cashable Escalating Rate | RRSP GIC

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About the CIBC Cashable Escalating Rate RRSP GIC

With the CIBC Cashable Escalating Rate RRSP GIC, you deposit money with us for 3 or 5 years, at guaranteed interest rates that increase each year. Your original investment amount is always guaranteed in full - even if you withdraw prior to maturity.

Is it for you?

The CIBC Cashable Escalating Rate RRSP GIC could be for you if:

You want competitive rates over a 3 or 5 year term
You want the option of cashability each year
You seek the benefit of an escalating rate each year
You want a guaranteed return and 100% protection of your investment

Useful Information

Principal and interest are conveniently automatically renewed unless you instruct otherwise prior to maturity
Available as a non-registered CIBC Cashable Escalating Rate GIC or as a CIBC Cashable Escalating Rate TFSA GIC

CIBC Cashable Escalating Rate RRSP GIC (3 year)

Investment Amount	Year 1	Year 2	Year 3	Effective Yield
$500 - $999,999	RDS%rate[4].RCSTEPRATE.Published(1_null_null_Year_T,500.0_-_999999.99_CAD_Balance,1,1)(#O3#)%	RDS%rate[4].RCSTEPRATE.Published(2_null_null_Year_T,500.0_-_999999.99_CAD_Balance,1,1)(#O3#)%	RDS%rate[4].RCSTEPRATE.Published(3_null_null_Year_T,500.0_-_999999.99_CAD_Balance,1,1)(#O3#)%	RDS%rate[4].RCSTEPRATE.Published(null,500.0_-_999999.99_CAD_Balance,11,1)(#R#)%

CIBC Cashable Escalating Rate RRSP GIC (5 year)

Investment Amount	Year 1	Year 2	Year 3	Year 4	Year 5	Effective Yield
$500 - $999,999	RDS%rate[4].RATE5RESC.Published(1_null_null_Year_T,500.0_-_999999.99_CAD_Balance,1,1)(#O3#)%	RDS%rate[4].RATE5RESC.Published(2_null_null_Year_T,500.0_-_999999.99_CAD_Balance,1,1)(#O3#)%	RDS%rate[4].RATE5RESC.Published(3_null_null_Year_T,500.0_-_999999.99_CAD_Balance,1,1)(#O3#)%	RDS%rate[4].RATE5RESC.Published(4_null_null_Year_T,500.0_-_999999.99_CAD_Balance,1,1)(#O3#)%	RDS%rate[4].RATE5RESC.Published(5_null_null_Year_T,500.0_-_999999.99_CAD_Balance,1,1)(#O3#)%	RDS%rate[4].RATE5RESC.Published(null,500.0_-_999999.99_CAD_Balance,11,1)(#O3#)%

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Access to funds

You can withdraw all or some of your money (minimum $500) on each anniversary date - or up to 7 days after and still earn interest.
At least $500 in principal must remain on deposit after a partial withdrawal; otherwise, the full balance of the GIC will be redeemed.
If you redeem within 7 days after an anniversary date, you get interest to the redemption date based on the preceding year's (years') interest rate(s) disclosed at the time of purchase.