The CIBC Flexible TFSA GIC guarantees your principal and interest, while giving you the option to change CIBC investment options without penalty.

With a CIBC Flexible TFSA GIC, you deposit your money with us for 1 year. At the end of the term, we return your deposit, guaranteed. During the term, you earn interest on your money at a guaranteed rate with the flexibility to withdraw funds and change CIBC investment options at any time - with full interest to the date of redemption if you withdraw 30 days or more after the issue date.

Type

Cashable

Minimum investment

$500

Terms available

1 Year

Access to funds

  • You can access your money at any time
  • Full or partial redemption is allowed subject to a minimum withdrawal of $500
  • At least $500 in principal must remain on deposit after a partial withdrawal; otherwise, the full balance of the GIC will be redeemed

Interest

  • Simple interest is paid at maturity
  • In the event of early withdrawal 30 days or more after the issue date, full interest to the date of redemption is paid
  • If you withdraw funds within the first 29 days, no interest is paid

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 RRIF GIC  and LIF GIC .

Interested in an RRSP GIC?

Consider a CIBC Flexible RRSP GIC .

Interested in a non-registered GIC?

Consider a CIBC Flexible GIC  .

Is it for you?

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

  • You want an investment that earns competitive interest rates while providing the flexibility to withdraw funds and change CIBC investment options at any time
  • You want a secure investment


Useful information

  • Principal and interest are automatically renewed into a CIBC Flexible TFSA GIC for the same term unless you provide alternate instructions prior to maturity

Interested in purchasing or contributing to a CIBC TFSA GIC?