CIBC Short-Term GIC

The CIBC Short-Term GIC is a safe place to park your money for a short period of time, while enjoying a guaranteed rate of interest and fully-protected principal. With a CIBC Short-Term GIC, you deposit money for a set period of 30 to 364 days at a fixed rate of interest. The longer your term, the higher the rate you generally earn.

Type	Non-redeemable
Minimum investment	$1,000 for terms greater than 30 days $5,000 for 30-day term
Terms available	From 30 to 364 days - view available terms
Access to funds	At maturity only
Interest	Simple interest is paid at maturity

Is this GIC right for your business?

The CIBC Short-Term GIC could be right for your business if any of the following apply:

You want a secure investment with guaranteed returns
You need to park your money for a short period of time, perhaps before making a major purchase or investment decision
You will not need access to your money before the GIC matures

Useful information:

Setting up a combination of 30-, 60- or 90-day Short Term GICs can add liquidity to your portfolio
Principal and interest can be automatically renewed or deposited into your bank account
This GIC is issued by CIBC and qualifies as collateral for loans

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Interested in a CIBC Short-Term GIC?

Contact your Relationship Manager or call us directly.

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CIBC is a member of Canada Deposit Insurance Corporation (CDIC)