To open a CIBC RRIF or LIF account, you need a minimum balance of $5,000.
1 Rates are fixed for each GIC’s term. The minimum investment is $500 and maximum is $999,999.
To invest in the Bonus Rate RRIF and LIF GIC please visit a CIBC Banking Centre Opens in a new window.. Or call Telephone Banking at 1-800-465-3863 Opens your phone app..
Interest calculation: For terms of one year or less, simple interest is calculated and paid at maturity. For terms over a year, compound interest will be calculated annually and paid at maturity. If a GIC is redeemed before maturity to transfer funds to the same account type at another financial institution, no interest will be paid and a transfer fee will apply. Your registered CIBC GIC will automatically reinvest into the same registered CIBC GIC for the same term. You can change reinvestment instructions anytime by visiting a CIBC Banking Centre Opens in a new window.. Changes can also be made by calling CIBC Telephone Banking at 1-800-465-3863 Opens your phone app..
2 RRIF/LIF DISA interest is calculated on each day’s final balance and paid semi-annually on June 30 and December 31. Your entire account balance earns the rate shown when the daily closing balance falls into the tier for that rate.
To invest in the RRIF/LIF DISA please visit a CIBC Banking Centre Opens in a new window.. Or call Telephone Banking at 1-800-465-3863 Opens your phone app..
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