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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
| GIC term | rate (%)* | APY (%)** |
| 1 year | 1.243 | 1.25 |
| 2 year | 1.490 | 1.50 |
| 3 year | 1.786 | 1.80 |
| 4 year | 1.884 | 1.90 |
| 5 year | 2.326 | 2.35 |
Interest is calculated on each day's closing balance based on the simple interest rate and is paid or compounded (depending on the interest option chosen) at the end of each month. Your GIC is non-redeemable and must be held for the entire term.
* Simple annual interest rate
** Annual percentage yield (APY) — the effective interest rate, illustrating the effect of compounding, or earning of interest on interest
Find out more about the must-have GIC
Rates subject to change.
† 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.