Interest Rate
2.50%
Term
6 months
Minimum Deposit
CA$1,000
Promotion
N/A
Apply Now →on CIBC's website
Interest Rate:
2.50%
Term:
6 months
Promotion:
N/A
Minimum Deposit:
CA$1,000
What sets CIBC apart is its established reputation and the ability to hold GICs in various registered accounts, such as TFSAs and RRSPs. Although the standard rate is slightly lower at 2.50%, the bank's reliability and range of account options make it a solid choice.
Pros:
- Standard interest rate
- Available in registered accounts
Cons:
- Higher minimum deposit
- Limited promotional offers
Overall, CIBC's GIC offering is well-suited for conservative investors seeking a reliable institution with the flexibility to hold their investments in registered accounts. While the interest rate may be modest, the bank's reputation and diverse account options make it a dependable choice for those looking to secure their savings.