CIBC TFSA GIC (Redeemable)

The CIBC TFSA GIC (Redeemable) guarantees your principal and interest, while giving you the option to cash out at any time.

With the CIBC TFSA GIC (Redeemable), you deposit money with us for a period of 9 months to 3 years, and earn a guaranteed interest rate. At the end of the term we return the full amount of your deposit plus interest - guaranteed. If you need your money back sooner, you can withdraw your funds any time, at specified early redemption rates.

Interested in applying for a CIBC TFSA GIC?

Purchase online, call Telephone Banking1 at 1-800-465-2422 or visit one of our branches.

Type	Cashable
Minimum investment	$500
Terms available	9 to 36 months
Access to funds	You can withdraw some or all of the funds on any business day prior to maturity at specified early redemption rates
Interest	For terms of 1 year and less, simple interest is paid at maturity For terms over 1 year, interest is compounded annually and paid at maturity
Fees	There are no fees unless you transfer all or part of your TFSA funds to another financial institution, in which case a $100 fee will apply.


	Consider a CIBC Redeemable GIC.


	Consider a CIBC RRSP GIC (Redeemable).


	We recommend the RRIF GIC and LIF GIC.

Is it for you?

The CIBC TFSA GIC (Redeemable) could be for you if:

You want a secure TFSA investment
You want to put funds aside to meet your future goals
You want the option to withdraw your funds at any time

Useful information

While redeemable GICs generally pay less interest than non-redeemable GICs, they do allow you to cash out before maturity, at early redemption rates. If you need access to some but not all of your funds, consider placing some money in a CIBC TFSA GIC (Redeemable), and the rest in a CIBC TFSA GIC (Non-Redeemable). This maximizes your interest rate earnings, while giving you the liquidity you need. Other GICs offering early access include the CIBC Flexible TFSA GIC™ or CIBC Cashable Escalating Rate TFSA GIC™
Principal and interest are conveniently automatically renewed into a CIBC TFSA GIC (Redeemable) for the same term unless you instruct otherwise prior to maturity

Trademarks and Disclaimers

Products and their features may change at any time. This is a general description only. For more information and product terms and conditions, consult product brochures or call 1-800-465-2422.

TFSA GICs are issued and guaranteed by CIBC.

1 To buy through Telephone Banking or online, you need to have a CIBC bank account already.

™ Trademark of CIBC