Why choose a CIBC Bonus Rate GIC?

This GIC is right for you if you want predictable earnings and don't need access to your money before the end of the term.

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Get RDS%rate[4].BBST/BBLT.Published(12_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,1,1)(#O2#)% interest1 on a 1-year GIC

Competitive rates

Guaranteed returns

Multiple options

Find a GIC account that's right for you

The CIBC Bonus Rate GIC is available in non-registered and registered accounts. If you're saving for a long-term goal, such as retirement, consider a registered account for the tax benefits.

New to GICs? Check out our glossary Opens a new window in your browser.

Non-registered

Our most popular terms

 

Featured rate

Get RDS%rate[4].BBST/BBLT.Published(12_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,1,1)(#O2#)%on a 1-year term

 

 1 year RDS%rate[4].BBST/BBLT.Published(12_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,1,1)(#O2#)%
2 year RDS%rate[4].BBST/BBLT.Published(24_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,1,1)(#O2#)%
3 year RDS%rate[4].BBST/BBLT.Published(36_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,1,1)(#O2#)%
4 year RDS%rate[4].BBST/BBLT.Published(48_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,1,1)(#O2#)%
5 year RDS%rate[4].BBST/BBLT.Published(60_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,1,1)(#O2#)%

For other terms, go to GIC rates.

What you need to know

Type

Non-redeemable

Access

Only at maturity

  • For terms less than one year, you're paid simple interest at maturity
  • For terms of one year or more, you can choose simple interest, which is paid monthly, semi-annually or annually. Or you can choose compound interest, which is calculated annually and paid at maturity

Fees

No fees

Renewal

You can automatically renew your GIC when it matures or deposit your principal and interest into your bank account

RRSP (Registered Retirement Savings Plan)

Terms and rates

 

Featured rate

Get RDS%rate[4].BONUSTERM.Published(1_null_null_Year_T,null,1,1)(#O2#)%1 on a 1-year term

 

 1 year RDS%rate[4].BONUSTERM.Published(1_null_null_Year_T,null,1,1)(#O2#)%
2 year RDS%rate[4].BONUSTERM.Published(2_null_null_Year_T,null,1,1)(#O2#)%
5 year RDS%rate[4].BONUSTERM.Published(5_null_null_Year_T,null,1,1)(#O2#)%

 

What you need to know

Type

Non-redeemable

Access

Only at maturity

Interest

  • For terms of one year or less, you're paid simple interest at maturity
  • For terms over one year, you get compound interest, which is calculated annually and paid at maturity

Fees

You'll pay a $100 fee if you transfer all or part of your RRSP funds to another financial institution

Renewal

We automatically renew your GIC at maturity, unless you give us other instructions before the end of the term

TFSA (Tax-Free Savings Account)

Terms and rates

 

Featured rate

Get RDS%rate[4].BBGICTF.Published(1_null_null_Year_T,null,1,1)(#O2#)%1 on a 1-year term

 

 1 year RDS%rate[4].BBGICTF.Published(1_null_null_Year_T,null,1,1)(#O2#)%
2 year RDS%rate[4].BBGICTF.Published(2_null_null_Year_T,null,1,1)(#O2#)%
3 year RDS%rate[4].BBGICTF.Published(3_null_null_Year_T,null,1,1)(#O2#)%
4 year RDS%rate[4].BBGICTF.Published(4_null_null_Year_T,null,1,1)(#O2#)%
5 year RDS%rate[4].BBGICTF.Published(5_null_null_Year_T,null,1,1)(#O2#)%

 

What you need to know

Type

Non-redeemable

Access

You can't withdraw your money before maturity, unless you transfer your funds to a TFSA at another financial institution or withdraw an excess contribution

Interest

  • For terms of one year or less, you're paid simple interest at maturity
  • For terms over one year, you get compound interest, which is calculated annually and paid at maturity

Fees

If you transfer your TFSA funds to another financial institution before maturity, you don't get interest and you'll pay a $100 fee

Renewal

We automatically renew your GIC at maturity, unless you give us other instructions before the end of the term

RRIF (Registered Retirement Income Fund)

Terms and rates

 

Featured rate

Get RDS%rate[4].BONUSGIC.Published(1_null_null_Year_T,null,1,1)(#O2#)%1 on a 1-year term

 

 1 year RDS%rate[4].BONUSGIC.Published(1_null_null_Year_T,null,1,1)(#O2#)%
2 year RDS%rate[4].BONUSGIC.Published(2_null_null_Year_T,null,1,1)(#O2#)%
5 year RDS%rate[4].BONUSGIC.Published(5_null_null_Year_T,null,1,1)(#O2#)%

 

What you need to know4

Type

Non-redeemable

Access

  • You can't withdraw your money before maturity if you want to change investment options or reinvest at other terms and rates
  • You can cash out some or all of your GIC with no interest penalty for scheduled or lump sum payments, proceeds on death or unlocking a locked-in RRIF
  • If you transfer your RRIF funds to another financial institution, no interest will be paid on the redeemed GIC amount
  • You can get your RRIF payments monthly, quarterly, semi-annually or annually (you have to withdraw a minimum amount each year)

Interest

  • For terms of one year or less, you're paid simple interest at maturity
  • For terms over one year, you get compound interest, which is calculated annually and paid at maturity

Fees

You'll pay a $100 fee if you transfer all or part of your RRIF funds to another financial institution

Renewal

We automatically renew your GIC at maturity, unless you give us other instructions before the end of the term

LIF (Life Income Fund)

Terms and rates

 

Featured rate

Get RDS%rate[4].BONUSGIC.Published(1_null_null_Year_T,null,1,1)(#O2#)%1 on a 1-year term

 

 1 year RDS%rate[4].BONUSGIC.Published(1_null_null_Year_T,null,1,1)(#O2#)%
2 year RDS%rate[4].BONUSGIC.Published(2_null_null_Year_T,null,1,1)(#O2#)%
5 year RDS%rate[4].BONUSGIC.Published(5_null_null_Year_T,null,1,1)(#O2#)%

 

What you need to know4

Type

Non-redeemable

Access

  • You can't withdraw your money before maturity if you want to change investment options or reinvest at other terms and rates
  • You can cash out some or all of your GIC with no interest penalty for scheduled or lump sum payments, proceeds on death or unlocking a LIF
  • If you transfer your LIF funds to another financial institution, no interest will be paid on the redeemed GIC amount
  • You can get your LIF payments monthly, quarterly, semi-annually or annually (you have to withdraw a minimum amount each year)

Interest

  • For terms of one year or less, you're paid simple interest at maturity
  • For terms over one year, you get compound interest, which is calculated annually and paid at maturity

Fees

You'll pay a $100 fee if you transfer all or part of your LIF funds to another financial institution

Renewal

We automatically renew your GIC at maturity, unless you give us other instructions before the end of the term

Interested in other GIC rates?

How to invest in a CIBC Bonus Rate GIC

Step 1 of 3.

What you need to get started

• Your Social Insurance Number

• You must be living in Canada

• A CIBC personal bank account or line of credit to fund your GIC

Need an account? Apply for a bank account or line of credit

• Your GIC account number if you plan to use that account


Step 2 of 3.

Fill out the application

Applying online only takes about 5 minutes. Want us to guide you through the application? Call us or visit a banking centre. If you're already a CIBC client, you'll spend less time applying.


Step 3 of 3.

Review the details online

Keep tabs on your GIC using CIBC Online Banking®. Check your maturity date, interest rate, deposit amount and more at any time.



CIBC is a member of Canada Deposit Insurance Corporation (CDIC). GICs are eligible for CDIC coverage to a maximum of $100,000.