CIBC Business Term Deposits
Guaranteed returns on fixed terms from 30 days to 5 years. Lock in competitive rates for capital you can commit, with CDIC insurance protection.
Short-Term (30-180 days)
Park operational reserves for known periods between cash flow cycles. Short-term deposits offer guaranteed returns higher than savings accounts while keeping your capital available within months. Ideal for businesses with predictable seasonal cash flow patterns.
Medium-Term (1-2 years)
Commit business reserves for moderate periods to capture higher guaranteed rates. Medium-term deposits balance return optimisation with reasonable capital access timelines. Well-suited for funds earmarked for future projects or expansion.
Long-Term (3-5 years)
Maximise guaranteed returns by committing capital for extended periods. Long-term deposits offer the highest fixed rates and are ideal for reserves set aside for major future expenditures, corporate retirement plans, or strategic contingency funds.
Deposit Laddering Strategy
Laddering divides your investable capital across multiple term deposits with staggered maturity dates. As each deposit matures, you reinvest at the longest term in your ladder, capturing higher rates while maintaining regular access to a portion of your capital.
For example, a business with $500,000 in reserves might create a five-rung ladder with $100,000 deposits at 1, 2, 3, 4, and 5-year terms. Each year, one deposit matures and is reinvested at the 5-year rate. After the initial setup period, you have access to $100,000 annually while earning long-term rates on the majority of your capital.
Common Questions
CIBC business term deposits are available for various minimum amounts depending on the term selected. Contact CIBC for current minimum deposit requirements and available rates.
Yes. CIBC business term deposits are eligible for Canada Deposit Insurance Corporation coverage up to applicable limits, providing a government-backed guarantee on your principal and accrued interest.
Early redemption may be possible but typically involves forfeiting a portion of earned interest. Specific terms vary by deposit agreement. Consider laddering your deposits to maintain regular access to portions of your capital.
CIBC Digital Business term deposits guarantee fixed returns for periods from 30 days to 5 years. CIBC Digital Business CDIC-insured deposits provide capital preservation and competitive yields for business reserves.