Why choose a CIBC Flexible GIC?

This 1-year GIC is right for you if you're saving for a short-term goal or want a place to park your money while you explore your long-term investment options.

Easy access

Guaranteed returns

Multiple options

Find a GIC account that's right for you

The CIBC Flexible GIC is available in non-registered and registered accounts. If you have a savings goal in mind, such as retirement, consider putting your money in a registered account for the tax benefits.

New to GICs? Check out our glossary Opens a new window in your browser.

Non-registered

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1-year CIBC Flexible GIC®
Posted rate: RDS%rate[4].FLGIC.Published(365_-_375_Days_D,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)%

Term and rate

 

 1 year RDS%rate[4].FLGIC.Published(365_-_375_Days_D,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].FLGIC.Published(365_-_375_Days_D,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)%

What you need to know

Type

Cashable

Access

Access your money at any time. Depending on how much you invest, there's a minimum withdrawal amount if you cash out early

Interest

  • You're paid simple interest at maturity
  • If you cash out in the first 29 days, you're not paid interest
  • If you cash out after 29 days, you're paid full interest up to the day you withdraw your money

Fees

No fees

Renewal

You can automatically renew your GIC when it matures or deposit your principal and interest into your bank account

RRSP (Registered Retirement Savings Plan)

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1-year CIBC Flexible RRSP GIC™
Posted rate: RDS%rate[4].FLEXI.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)%

Term and rate

 

 1 year RDS%rate[4].FLEXI.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].FLEXI.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)%

What you need to know

Type

Cashable

Access

  • Access your money at any time
  • If you cash out early, you need to withdraw a minimum of $500
  • If you withdraw some of your money, you need to keep at least $500 in your GIC. Otherwise, you have to cash out the full balance

Interest

  • You're paid simple interest at maturity
  • If you cash out in the first 29 days, you're not paid interest
  • If you cash out after 29 days, you're paid full interest up to the day you withdraw your money

Fees

You'll pay a $100 fee if you transfer all or part of your RRSP funds to another financial institution

Renewal

We automatically renew your GIC at maturity, unless you give us other instructions before the end of the term

TFSA (Tax-Free Savings Account)

RDS%rate[4].FLEXITF.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].FLEXITF.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)% †, 5
1-year CIBC Flexible TFSA GIC™
Posted rate: RDS%rate[4].FLEXITF.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)%

Term and rate

 

 1 year RDS%rate[4].FLEXITF.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].FLEXITF.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)%

What you need to know

Type

Cashable

Access

  • Access your money at any time
  • You need to withdraw a minimum of $500 if you cash out early
  • If you withdraw some of your money, you need to keep at least $500 in your GIC. Otherwise, you have to cash out the full balance

Interest

  • You're paid simple interest at maturity
  • If you cash out in the first 29 days, you're not paid interest
  • If you cash out after 29 days, you're paid full interest up to the day you withdraw your money

Fees

You'll pay a $100 fee if you transfer all or part of your TFSA funds to another financial institution

Renewal

We automatically renew your GIC at maturity, unless you give us other instructions before the end of the term

Interested in other GIC rates?

Review all GIC rates

How to invest in a CIBC Flexible GIC

Step 1 of 3.

What you need to get started

• Your Social Insurance Number

• You must be living in Canada

• A CIBC personal bank account to fund your GIC

Need an account? Apply for a bank account

• You must be registered for Online and Mobile Banking

Need to register? Register for Online and Mobile Banking


Step 2 of 3.

Fill out the application

Applying online only takes about 5 minutes. Want us to guide you through the application? Call us or visit a CIBC Banking Centre. If you're already a client, you'll spend less time applying.


Step 3 of 3.

Review the details online

Keep tabs on your GIC using CIBC Online Banking®. Check your maturity date, interest rate, deposit amount and more at any time.



CIBC is a member of Canada Deposit Insurance Corporation (CDIC). GICs are eligible for CDIC coverage to a maximum of $100,000.