|
CIBC Short-Term GIC |
CIBC Variable Rate GIC |
CIBC Bonus Rate GIC |
CIBC Escalating Rate
GIC |
Term Length |
30
– 364 days |
1
year |
30
days – 5 years |
3
or 5 years |
Interest Rate |
30
– 59 days …….. 0.4% 60
– 119 days ….…. 0.5% 120 – 179 days ….. 0.55% 180 – 269 days …. 0.75% 270 – 364 days ..… 0.8% |
<
$250 000 …… 0.6% |
1
year …. 1.15% 1.5
years …. 1.2% 2
years … 1.25% 2.5
years …. 1.15% 3
years …. 1.5% (some
terms have been left out) |
Year
1 – 1% Year
2 – 1.15% Year
3 – 2.5% (only
applicable to GIC with 3 year term) |
Minimum Investment |
$1000 $5000
for term of 30 – 59 days |
$1000 |
$1000 |
$500 |
Interest Payment
Options |
Simple
interest paid at maturity |
Simple
interest paid at maturity No
interest paid if funds are withdrawn within the first 30 days |
Term
of less than 1 year – simple interest paid at maturity Term
of 1 year or more – simple interest paid monthly, semi-annually, or annually Compound
interest compounded annually, paid at maturity |
Simple
interest paid annually Compound
interest compounded annually, paid at maturity |
When Funds Can Be
Withdrawn |
At
maturity |
At
any time |
At
maturity |
At
maturity |