Whether you’re looking for a short-term redeemable GIC or long-term non-redeemable GIC, you’ve come to the right place. We shop and compare all financial institutions, to bring you a list of the best GIC rates in Canada. Find the non-registered GIC product that best serves your needs and we’ll help you open it.
| Rate | Provider | Insured by | Total return | |
|---|---|---|---|---|
| 5% |
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Yes | $250.00 | Get this rate Get more details |
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This account is a winner of the Personal Finance Awards in the Top GICs product category. Learn more about our yearly Personal Finance Awards here.
2020 Winner
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CDIC Provincial | Get this rate |
Canadian Imperial Bank of Commerce (CIBC) is one of Canada’s five major banks. On top of providing debt and equity financing, trading, equity research, and corporate banking to its clients, CIBC also has a personal banking division that offers bank accounts, credit cards, and lending and investment services. CIBC connects its clients through a large network of branches and automated banking machines, as well as mobile, online, and telephone banking.
CIBC offers a variety of GICs with varying term lengths. You can choose a short-term non-redeemable GIC from CIBC for terms of less than 364 days. CIBC’s long-term non-redeemable and redeemable GICs can be invested in for terms of between one and seven years. Interest rates are tiered, which means the longer the term, the higher the interest rate. CIBC also offers special types of GICs, such as the escalating rate GIC, which offers rates that increase each year over three years.
At CIBC, you can also deposit your money into your bank account. CIBC offers a number of savings accounts that will help you grow your savings. Additionally, you can also find mortgages, registered retirement savings plans, tax-free savings accounts, and credit cards from CIBC.
Before you decide on a GIC provider to start investing with, it may be in your best interest to compare the rates that other investments are offering. Use the Ratehub.ca GIC comparison tool to see how CIBC’s GICs compare with GICs from other providers.