CIBC Bonus Rate LIF GIC

The CIBC Bonus Rate LIF GIC1 guarantees your principal and offers interest at a premium rate allowing you to maximize growth within your CIBC LIF.

		Call Telephone Banking or visit your branch.

Minimum investment	$500 per LIF GIC (minimum balance of $5,000 is required to open a CIBC LIF account)
Terms available	Selected short and/or long terms offered on a time-limited basis - View terms and interest rates available now
Access to funds	Cashable, in whole or in part, with no interest rate penalty, in order to make scheduled payments or lump sum cash withdrawals2 LIF payments can be received: annually, semi-annually, quarterly, or monthly
Interest	For terms of 1 year or less, interest is paid at maturity For terms of more than 1 year, interest is compounded annually and paid at maturity
Fees	There are no fees, unless you transfer all or part of your LIF funds to another financial institution, in which case a $25 fee will apply

		Consider a CIBC Bonus Rate GIC.

Is it for you?

The CIBC Bonus Rate LIF GIC could be for you if any of the following apply:

• You want a secure fixed rate of return and a premium interest rate
• You value the stability and security of a fixed-term investment for some or all of your LIF portfolio

Key benefits

Flexible	Available on any transfers into a CIBC LIF (with the exception of CIBC RRSP GICs converted to a CIBC LIF GIC prior to maturity) Also available on CIBC LIF GIC renewals
Convenient	Automatically renews into a regular CIBC LIF GIC of the same term, unless alternate instructions are provided prior to maturity Easily keep track of your account with quarterly statements sent to you

Useful information

• CIBC Bonus Rate LIF GICs are not available in Self-Directed LIFs and cannot be combined with any other offer.

• Income payments are first drawn from your LIF Daily Interest Savings Account, then from the CIBC LIF GIC (Redeemable) or CIBC Bonus Rate LIF GIC that has the lowest rate of interest, without an interest rate penalty.

  Income payments will then be drawn from CIBC Escalating Rate LIF GICs, beginning with the GIC that has the lowest effective yield of the remaining term based on the number of days left to maturity.

  Stock Market Advantage LIF GICs will be redeemed last; if there is more than one such GIC, the GIC with the shortest term to maturity is redeemed first; no interest or earnings will be paid on the portion of any Stock Market Advantage LIF GIC that is redeemed before maturity.

• If an income payment would result in any CIBC LIF GIC having a remaining balance below $500, then the full remaining balance will be redeemed and transferred into your LIF Daily Interest Savings Account.

Disclaimers

Products and their features may change at any time. This is a general description only. For more information and product terms and conditions, consult product brochures or call 1-866-525-8622.

1 Selected short and/or long terms offered on a time-limited basis - View terms and interest rates available now.

2 LIF GICs cannot be cashed prior to maturity to change investment options, to purchase another GIC or to transfer funds to a LIF at another financial institution. LIFs are subject to a maximum annual payment amount set by law.

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