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How to Open a GIC Account in CIBC: A Comprehensive Guide

In the modern financial sector, Guaranteed Investment Certificates (GICs) have become one of the most popular investment tools for Canadians. A GIC offers an assured return rate over a fixed period, carrying zero risk while diversifying your investment portfolio. If you're a CIBC Bank customer, you can easily open a GIC account from the comfort of your home. This guide provides a step-by-step process to help you open a GIC account in CIBC through online banking, mobile app, or by calling the customer service hotline.

Opening a GIC Account Through CIBC Online Banking

CIBC Online Banking provides a seamless process for opening a new GIC account. Following these simple steps will get you set up:

• Firstly, visit the CIBC official website and log in to your online account.
• Click on the 'Products' menu in your dashboard, then select 'Open a GIC' in the dropdown.
• Follow the on-screen prompts, filling in all the necessary information. Decide on your investment amount and the term for your GIC.
• Review your selections, read and agree to any terms and conditions, then proceed to 'Finish' your application.

Setting up a GIC Account Through CIBC Mobile App

If you prefer banking on your mobile, the CIBC mobile app is a great option for you to open a GIC account:

• Download and install the CIBC Mobile Banking App from the App Store or Google Play store.
• Log in to the app using your CIBC Online Banking credentials.
• Tap 'More' on the bottom right of your screen, then select 'Open a GIC' from the ensuing list.
• Just like in the online banking option, follow the prompts to fill the necessary information, making sure to specify your investment amount and GIC term.
• Confirm your details and finish the application process.

Contacting CIBC Customer Service

If you’d rather speak to someone directly, or face difficulties with the online or mobile options, CIBC Customer Service is available to assist:

• Call up CIBC’s Customer Service number, usually available on the back of your bank card or on the CIBC website.
• Request to open a GIC account. You will be guided through the application process by the representative.
• Provide the necessary information and confirm your details with the representative.

Conclusion

CIBC makes it easy for its customers to open a GIC account. Whether it's through the online banking platform, mobile app, or by calling their customer service line, you're sure to have a hassle-free process. With a GIC account, you are taking a step forward in growing your wealth while ensuring your capital has the utmost safety.