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Email this1:14 pm
March 15, 2019
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bhuc said
Their current 5 year Bonus Rate is still 3.0% and yes the branch has a limited number of bonus top ups of 0.5% they can offer select clients. I know this because I bought a 5 year non registered GIC at 3.5%
Is the current 5 year GIC now 2.50% (down from 3% down from 3.25%)?
1:50 pm
April 6, 2013
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The 3% special rate for the five-year CIBC Bonus Rate GIC is still available for non-registered, RRSP, and TFSA.
2½% for RRIF and LIF though.
5:03 pm
March 15, 2019
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Norman1 said
The 3% special rate for the five-year CIBC Bonus Rate GIC is still available for non-registered, RRSP, and TFSA.2½% for RRIF and LIF though.
Thanks. So, the 2.50% I saw is for RRIF and LIF.
12:21 pm
April 6, 2013
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CIBC has ended the special 3% rate on the five-year CIBC Bonus Rate GIC. The rate is now 2½%.
Their 5-year CIBC Escalating Rate GIC is still available for an effective rate of 3.04% per annum.
| Investment amount | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Effective yield |
|---|---|---|---|---|---|---|
| $500 to $1,000,000,000 | 1.000% | 2.250% | 3.500% | 3.750% | 4.750% | 3.0418% |
1:40 pm
January 11, 2020
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I could not get jack from these guys without sitting through a meeting about mutual funds, then they wanted market link funds were so reluctant to allow for me to get 3.25. So I cancelled my last appointment and took the 3.18% at wealth one
The big 5 will never be on your side for anything!!!!
I went through live chats, drop in at branch in Cambridge where I live, booked appointments in Milton branch where I work
They are worse than the borg on star trek… One mind and they were preparing me for assimilation
1:42 pm
January 11, 2020
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The only satisfaction I got was being able to tell someone to their face calmly and polite way that my recent 3 experiences this RRSP season have re confirmed everything I have ever thought about the big five and I wish to humbly withdraw my application!! They could not have given one rats behind!
5:03 pm
September 30, 2017
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Norman1 said
CIBC has ended the special 3% rate on the five-year CIBC Bonus Rate GIC. The rate is now 2½%.Their 5-year CIBC Escalating Rate GIC is still available for an effective rate of 3.04% per annum.
Investment amount Year 1 Year 2 Year 3 Year 4 Year 5 Effective yield $500 to $1,000,000,000 1.000% 2.250% 3.500% 3.750% 4.750% 3.0418%
Why would you say that, Norman1? I follow the links in this thread & 3% Bonus Rate is still there.
6:39 pm
April 6, 2013
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Strange.
The 3% rate is gone from the CIBC Bonus Rate GIC rate tables at Interest Rates on GICs. But, the 3% rate is advertised still at CIBC Bonus Rate GIC!
9:10 pm
October 21, 2013
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Don't tell them! LOL
I once got a full percent higher rate for a GIC due to such a discrepancy (at another FI).
5:33 am
October 5, 2017
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3.0 % 5 year Bonus rate GIC is still showing on their web page as of today.
https://www.cibc.com/en/personal-banking/investments/gic-rates-arent-high-enough/bonus-rate.html
P.S.
Sorry I should have read Norman1 post a little closer !
8:13 am
January 11, 2020
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its all a mute point when you have plenty of other options... the seductive lips if an evil temptress!!! It never pays!!
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