The Central Investment Bank of Canada is open for business!

Day 534, 21:17 • Published in Canada Canada • by AugustusV

This article is outdated, to see the current banking policy, [url=hhttp://www.erepublik.com/en/article/the-central-investment-bank-of-canada-cibc-bank-policy-1434527/1/20]click here[/url].



The Central Investment Bank of Canada is officially open for business!

CIBC is eRepublik's newest investment bank. We specialize in offering individual citizens, and organizations, the opportunity to invest their gold in a well constructed and safe system, which yields a relatively high, and sustainable source of income.

We are committed to offering our clients the highest return possible on their investments, while also ensuring that our client's investments are always safe, and ready to be returned at any time if needed.

At the present, we are not issuing out any loans, we are simply investing our capital, and offering our clients high interest rates on their investments. Therefore investing in CIBC is significantly less riskier than investing in any other "conventional bank", due to the fact that we do not have the added risk of losing money from clients, who for whatever reason, cannot pay back their loans.

We are committed to customer satisfaction, and to safe, reliable investing. The way our current investment strategy is designed, it is simply impossible to report a "loss" in capital, there is simply "more", or "less" profit at the end of each week. We invest our capital in such a way that there can be no losses. Thus your money will always be safe.

We also offer our clients very flexible investing options, that allow for a more personalized approach to each case. Just send us a message, and ask one of our brokers to sit down with you and help you decide on the best investment strategy for you. CIBC is commited to customer satisfaction, and can arrange for "custom contracts" to be made, for more information, please look under "account types", listed below.

Due to our cleverly designed investment plan, your funds will never be in any danger, not even if there is an unfortunate "run on the bank", your money will always be there, should you ever decide you wish to use it for other purposes.

Below are the base interest rates, and different investment options we offer to our investors. All investments however, can be negotiated and personalized. Clients can choose to negotiate higher interest rates for larger sums of money, or if they choose to deposit their gold for an extended period of time. We can also assist investors will a smaller budgets, or offer special promotional packages to those who wish to "test out the system" first, before making any long-term commitments. For more information, please contact CIBC.
ACCOUNT TYPES/INVESTMENT OPTIONS:

CIBC Starter Account:
This account allows for more flexible investing. It is in ideal choice for investors who are not yet interested in long-term investing, or who wish to test out the system before making any long-term commitments. Investors will find that they can easily withdraw their gold at any time, with very low "emergency withdrawal fees", and will find this option to be a safe, and reliable short-term investment.
Minimum Deposit: 5 gold.
Contract Length: Minimum of 1 week, up to a maximum of 3 weeks.
Interest Rates: 3% per week for the first 2 weeks, and 3.5% for third week.

CIBC Investor Account:
Generally our most popular type of account, this account is somewhat less flexible for the investor, however interest rates are significantly higher than the smaller accounts. It is an ideal choice for investors with any capital size, however there are slightly tighter restrictions on "emergency withdraws".
Minimum Deposit: 10 gold
Contract Length: Minimum 4 weeks, up to a maximum of 6 weeks.
Interest Rates: 4% per week for the first 4 weeks, 5% for the 5th week, and 6% on the sixth.

**CIBC can also arrange for CUSTOM contracts to be made. Custom contracts may have different minimum deposit limits and interest rates, and may have different "emergency withdrawal fees". Please contact CIBC if interested in arranging a custom contract.**

"Emergency Withdrawal Fees"
Due to the CIBC's secure investing model, we will always have enough capital to pay back all of our investors at any given time. At the request of our clients, we will return all funds allocated in a maximum of 24 hours from he time of the request. However, certain fees do apply if investors wish to break their agreed contract terms. The fees vary between the different accounts. Unless privately negotiated, the general fees are as follows:
CIBC Starter Accounts: The entire sum is returned upon request, however any interest already paid by CIBC to the investor, will be deducted from the total amount owed. Therefore the client will receive no additional interest, however the entire sum of capital they invested will be returned to them.
CIBC Investor Accounts: 5% is deducted from the original amount, along with any interest already paid. Therefore the client unfortunately loses not only any profit made, but also 5% of the original sum invested.

Return Policy:
-CIBC holds the right to return all sums invested back to the investor at any given time. The client will be given a 24 hours notice before the sum is returned.
-In the event that CIBC must break contract terms, and return the invested gold back its client(s), the client will receive an extra 2% gold on the amount invested, along with any interest already accumulated.

Additional Policies:
- Gold is the only currency we deal with.
- All fees, and interest rates can be negotiated privately.
- Investors may demand that the amount invested be returned, however, the request may not always be answered immediately. However, if the money is not returned in a period of 24 hours from the time of the request, the money will be returned at no fee to the client.
-ALL transactions are accompanied by an official contract, unless privately negotiated.

Invest smart. Invest with CIBC.