These are the annual rates as of RDS%SYSTEM_DATE(#M# #d#, #Y#)% and may change at any time without notice.
This calculator provides general information only; it does not provide specific financial, investment or tax advice, and should not be relied upon in that regard. Amounts projected by the calculator are based on the information you enter and current interest rates (which are the annual rates and are subject to change at any time without notice) and assume that you will hold the GIC for the term selected. As a result, CIBC cannot guarantee the results. We recommend that you consult an advisor when planning for your financial goals.
† 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Posted rates are annual rates and are current as of today’s date RDS%SYSTEM_DATE(#M# #d#, #Y#)% and may be changed or withdrawn at any time without notice.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 today’s date 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 The minimum investment for a 30-day term of a CIBC Bonus Rate GIC is $5,000. The maximum investment is $999,999.
2 The rates are fixed for each GIC's term. These are the annual rates as of RDS%SYSTEM_DATE(#M# #d#, #Y#)% for the $1,000 to $4,999 investment tier (refer to GIC rates) and may change at any time without notice. The maximum investment is $999,999. This rate is only applicable for the ‘At maturity’ interest payment frequency. Promo and Total Interest Rates may be lower if you select a different interest payment frequency.
Interest on non-registered GICs: 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.
Interest calculation: For terms of one year or less, simple interest is calculated and paid at maturity. For terms over a year, compound interest will be calculated annually and paid at maturity.
3 If the remaining balance in any CIBC RRIF or LIF GIC falls below $500 after an income payment, we'll withdraw the full remaining balance and transfer it into your RRIF or LIF Daily Interest Savings Account.
4 These are the annual rates as of RDS%SYSTEM_DATE(#M# #d#, #Y#)% for the $1,000 to $4,999 investment tier (refer to GIC rates) and may change at any time without notice. The maximum investment is $999,999.
Interest on non-registered GICs: 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.
Interest calculation: For terms of one year or less, simple interest is calculated and paid at maturity. For terms over a year, compound interest will be calculated annually and paid at maturity.
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 Opens in a new window. 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.
5 The rates are fixed for each GIC’s term. The minimum investment is $500, the maximum investment is $999,999. To open a CIBC RRIF or LIF account, you need a minimum balance of $5,000.
Interest calculation: For terms of one year or less, simple interest is calculated and paid at maturity. For terms over a year, compound interest will be calculated annually and paid at maturity. If a GIC is redeemed before maturity to transfer funds to the same account type at another financial institution, no interest will be paid and a transfer fee will apply.
A Bonus Rate RRSP GIC will automatically reinvest into a Bonus Rate RRSP GIC for the same term. You can change reinvestment instructions anytime by visiting a CIBC Banking Centre Opens in a new window. or by calling CIBC Telephone Banking at 1-800-465-3863 Opens your phone app.. For terms of 1 year or less, simple interest is calculated and paid at maturity. For terms over a year, compound interest will be calculated annually and paid at maturity.
6 The rates are fixed for each GIC’s term. The minimum investment is $500, the maximum investment is $999,999. To open a CIBC RRIF or LIF account, you need a minimum balance of $5,000.
Interest calculation: For terms of one year or less, simple interest is calculated and paid at maturity. For terms over a year, compound interest will be calculated annually and paid at maturity. If a GIC is redeemed before maturity to transfer funds to the same account type at another financial institution, no interest will be paid and a transfer fee will apply.
A Bonus Rate TFSA GIC will automatically reinvest into a Bonus Rate TFSA GIC for the same term. You can change reinvestment instructions anytime by visiting a CIBC Banking Centre Opens in a new window. or by calling CIBC Telephone Banking at 1-800-465-3863 Opens your phone app.. For terms of 1 year or less, simple interest is calculated and paid at maturity. For terms over a year, compound interest will be calculated annually and paid at maturity.
7 Non-redeemable before maturity except as set out in the CIBC Retirement Savings Plan Agreement or CIBC Tax Free Savings Account Agreement or CIBC Retirement Income Fund Agreement (as applicable).
8 This is the annual rate as of RDS%SYSTEM_DATE(#M# #d#, #Y#)%. It applies only to the portion invested in the 5-year term of the GIC (refer to GIC rates). The minimum investment is $2,500 ($500 for each of the 5 terms) and the maximum investment is $4,999,999 ($999,999 for each of the 5 terms).
9 The rates are variable for each GIC's term. This is the annual rate as of RDS%SYSTEM_DATE(#M# #d#, #Y#)% for the $1,000 to $24,999 non-registered investment tier (refer to GIC rates). It applies to new purchases only. The rate is equal to the CIBC Prime Rate less a fixed spread and will change one day after the CIBC Prime Rate changes. The current CIBC Prime Rate is RDS%rate[1].PRIME.Published(null,null,null,null)(#O2#)% . The maximum investment is $999,999.
Interest calculation: Simple interest is calculated and paid at maturity. If a GIC is redeemed before maturity to transfer funds to the same account type at a different financial institution, no interest will be paid and a transfer fee will apply.
If funds are withdrawn or transferred within 29 days of purchase, no interest will be paid on those funds. Where the maturity date falls on a non-business day the GIC will mature on the next business day.
10 The rates are fixed for each GIC's term. This is the annual rate current as of RDS%SYSTEM_DATE(#M# #d#, #Y#)% for the $1,000 to $4,999 non-registered investment tier (refer to GIC rates). The rate may change at any time without notice.
11 The maximum investment is $999,999. Simple interest is paid at maturity. If funds are withdrawn or transferred within 29 days of purchase, no interest will be paid on those funds. Where the maturity date falls on a non-business day the GIC will mature on the next business day.
12 The minimum investment is $500, the maximum investment is $999,999. Rates are fixed for each GIC’s term.
Interest calculation: If funds are withdrawn or transferred within 29 days of purchase, no interest will be paid on those funds. If a GIC is redeemed before maturity to transfer funds to the same account type at a different financial institution, no interest will be paid and a transfer fee will apply. Simple interest is calculated and paid at maturity. If redeemed 30 days or more from the issue date, pays interest from the issue date to the date of redemption. For terms of 1 year or less, simple interest is calculated and paid at maturity. For terms over a year, compound interest will be calculated annually and paid at maturity.
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