CIBC Escalating Rate TFSA GIC

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The CIBC Escalating Rate TFSA GIC^™offers guaranteed premium returns and interest rates that increase each year.

With a CIBC Escalating Rate TFSA GIC, you deposit money with us for 3 or 5 years at guaranteed interest rates. Your original investment is always guaranteed in full.

Type	Non-redeemable
Minimum investment	$500
Terms available	3 and 5 years
Access to funds	Non-redeemable prior to maturity for any reason other than transferring to a TFSA at another financial institution or to withdraw an excess contribution If a GIC is redeemed before maturity to transfer funds to a TFSA at another financial institution, no interest will be paid and a transfer fee will apply
Interest	Rate increases each year of the term Interest is compounded annually and paid at maturity
Fees	There are no fees unless you transfer all or part of your TFSA funds to another financial institution, in which case a $100 fee will apply.

For RRIF/LIF portfolios

We recommend the CIBC Escalating Rate RRIF GIC and CIBC Escalating Rate LIF GIC.

Interested in an RRSP GIC?

Consider a CIBC Escalating Rate RRSP GIC.

Purchase or Contribute

Interested in a non-registered GIC?

Consider a CIBC Escalating Rate GIC.

Is it for you?

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

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

Useful information:

Principal and interest are conveniently automatically renewed into a CIBC Escalating Rate TFSA GIC for the same term unless you instruct otherwise prior maturity

Interested in purchasing or contributing to a CIBC TFSA GIC?

I have a CIBC bank account

Not a CIBC client yet?

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Investing information