The CIBC Bonus Rate GIC offers interest at a premium rate on selected terms and guarantees your principal.
$1,000 for terms greater than 30 days
$5,000 for 30 day term
Wide range of terms available periodically, from 30 days to 60 months, on a time-limited basis - View terms available now
Access to funds
At maturity only
For terms of 12 months or less, simple interest is paid at maturity
For terms of more than 12 months, interest is paid semi-annually, annually or at maturity
Is this GIC right for your business?
The CIBC Bonus Rate GIC could right be for your business if any of the following apply:
You seek a premium rate for a non-redeemable GIC on selected terms offered on a time-limited basis
You value the stability and security of a fixed-term investment
You want to put funds aside to meet future goals such as a major purchase
You will not need access to your money prior to the GIC's maturity
Principal and interest can be automatically renewed or deposited into your bank account
For terms of less than 1 year, simple interest is paid at maturity
For terms of 1 year or more, simple interest is paid when you select the monthly, quarterly, semi-annual or annual interest payment option; or, compound interest is calculated annually and paid at maturity
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