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President's Choice Financial services are provided by the direct banking division of CIBC.
President's Choice Financial MasterCard is provided by President's Choice Bank.
The PC points loyalty program is provided by President's Choice Services Inc.
the must-have GIC
a guaranteed interest rate, risk-free
With one of the best interest rates on the market, the must-have GIC* is a great way to make those hard investing choices a little easier.
how you can benefit from the must-have GIC:
- earn a great return without risk
- choose the term that suits you — 1, 2, 3, 4, or 5 years
- spend the monthly interest** or let it compound
- start with as little as $100
...or, take advantage of the must-have RRSP GIC today and save towards your future with guaranteed rates.
*The must-have GIC is non-redeemable and must be held to maturity.
**Not applicable on the must-have RRSP GIC.
how you can benefit from ‘laddering’ with the must-have GIC:
‘GIC laddering’ is an investment strategy that allows you to spread your money across a mix of shorter and longer term GICs (from 1 to 5 years). Laddering staggers the maturity dates of your GICs to reduce the risk of interest rate changes, while providing you with ongoing access to your funds. In a rising interest rate environment you can reinvest your maturing GICs at a higher rate, while in a declining interest rate environment the remainder of your GICs are protected. This strategy also provides access to a portion of your GIC funds each year–should you ever need it.
Key benefits:
- Flexibility – take advantage of rising interest rates to reinvest
- Reduced risk – offset the impact of declining interest rates
- Liquidity – access your GIC funds each year without penalty. Plus, staggered maturity dates ensure ongoing liquidity to meet your cash flow needs
Click here for an example of GIC laddering at work, or speak to a Personal Banking Representative over the phone or at an in-store pavilion to get started!
† President's Choice Financial services are provided by the direct banking division of CIBC.
President's Choice Financial MasterCard is provided by President's Choice Bank.