About the CIBC Escalating Rate RRSP GIC

With the CIBC 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 is always guaranteed in full.
 

Is it for you?

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

  • You want competitive returns
  • You have a 3 or 5 year investment horizon
  • You want a guaranteed return and 100% protection of your investment
     

Useful Information

CIBC Escalating Rate RRSP GIC (3 year)

Investment Amount

Year 1

Year 2

Year 3

Effective Yield

$500 - $999,999

RDS%rate[4].NCSTEPRATE.Published(1_null_null_Year_T,500.0_-_999999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].NCSTEPRATE.Published(2_null_null_Year_T,500.0_-_999999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].NCSTEPRATE.Published(3_null_null_Year_T,500.0_-_999999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].NCSTEPRATE.Published(null,500.0_-_999999.99_CAD_Balance,11,1)(#R#)%

CIBC 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].RATE5NESC.Published(1_null_null_Year_T,500.0_-_999999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RATE5NESC.Published(2_null_null_Year_T,500.0_-_999999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RATE5NESC.Published(3_null_null_Year_T,500.0_-_999999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RATE5NESC.Published(4_null_null_Year_T,500.0_-_999999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RATE5NESC.Published(5_null_null_Year_T,500.0_-_999999.99_CAD_Balance,1,1)(#O3#)% RDS%rate[4].RATE5NESC.Published(null,500.0_-_999999.99_CAD_Balance,11,1)(#R#)%

Access to funds

  • No withdrawals allowed prior to maturity.

Interest

  • Rate increases each year of the term.
  • Earn a premium return over both the CIBC Cashable Escalating Rate GIC and our regular RRSP GIC (Non-redeemable)
  • Interest is compounded annually and paid at maturity

Fees

  • There are no fees unless you transfer all or part of your RRSP funds to another financial institution, in which case a $100 fee will apply