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 .

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?

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