About the CIBC RRSP GIC (Redeemable)

With the CIBC RRSP GIC (Redeemable), you deposit money with us for a period of 9 months to 3 years, and earn a guaranteed interest rate. At the end of the term we return the full amount of your deposit plus interest - guaranteed. If you need your money back sooner, you can withdraw your funds any time, at specified early redemption rates.


Is it for you?

The CIBC RRSP GIC (Redeemable) could be for you if:

  • You want a secure RRSP investment
  • You are setting registered funds aside to meet your future retirement goals
  • You want the option to withdraw your funds at any time
     

Useful Information

Term

Rate

9-10 months

0.150%

11-13 months

0.300%

14-17 months

0.300%

18-22 months

0.350%

23-29 months

0.400%

30-34 months

0.400%

35-36 months

0.600%

Access to funds

  • You can withdraw some or all of the funds on any business day prior to maturity at specified early redemption rates

Interest

  • For terms of one year and less, simple interest is paid at maturity
  • For terms over 1 year, 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