† Your total interest rate is annual and calculated by adding the posted rate and your promotional rate.
Posted rates are annual rates and are current as of RDS%SYSTEM_DATE(#M# #d#, #Y#)% and may be changed or withdrawn at any time without notice.
Promotional Rates (The following section only applies if above indicates your GIC is subject to a promotional rate)
A. Promotional rates are as of RDS%SYSTEM_DATE(#M# #d#, #Y#)%.
B. Promotional rates are subject to change at any time. Rates shown are annual rates. Promotional rates apply only to new GIC purchases and will not apply to any subsequent renewals. Promotional rates are not applicable for non-personal clients.
C. The promotional rate indicated above may not be combined with any other rate offer.
1 This is the annual interest rate for a 5-year CIBC Bonus Rate GIC available in a non-registered, RRSP and TFSA account. It is current as of RDS%SYSTEM_DATE(#M# #d#, #Y#)% and may be changed or withdrawn at any time without notice. The maximum investment is $999,999.
2 CIBC Bonus Rate GIC
These are the annual interest rates for the $1,000 to $4,999 investment tier, and are only applicable for the ‘At maturity’ interest payment frequency. If you select an interest payment frequency other than ‘At maturity’, you may receive a lower rate. The minimum investment is $1,000 and maximum investment is $999,999.
Interest calculation: For terms less than 1 year, simple interest is calculated and paid at maturity. For terms 1 year or more, simple interest is calculated and paid monthly, semi-annually or annually, depending on the payment option you select; or, compound interest is calculated annually and paid at maturity. For the monthly payment option, the annual interest rate will be 0.25% less than the rate shown (except if held by clients who are 60 years of age and older). For the semi-annual payment option, the annual interest rate will be 0.125% less than the rate shown.
A Bonus Rate GIC will automatically reinvest into a Bonus Rate GIC for the same term. You can change reinvestment instructions anytime by visiting a CIBC Banking Centre or by calling CIBC Telephone Banking at 1-800-465-3863 Opens your phone app.. Where the maturity date falls on a non-business day the GIC will mature on the next business day.