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.

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 in a new window.

Non-registered

RDS%rate[4].BBLT.Published(12_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(12_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)% †, 3, 5
1-year CIBC Bonus Rate GIC
Posted rate: RDS%rate[4].BBLT.Published(12_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)%
RDS%rate[4].BBLT.Published(24_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(24_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)% †, 3, 5
2-year CIBC Bonus Rate GIC
Posted rate: RDS%rate[4].BBLT.Published(24_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)%
RDS%rate[4].BBLT.Published(60_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(60_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)% †, 3, 5
5-year CIBC Bonus Rate GIC
Posted rate: RDS%rate[4].BBLT.Published(60_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)%

Our most popular terms

 

 1 year RDS%rate[4].BBLT.Published(12_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(12_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)%
 18 months RDS%rate[4].BBLT.Published(18_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(18_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)%
 2 year RDS%rate[4].BBLT.Published(24_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(24_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)%
3 year RDS%rate[4].BBLT.Published(36_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(36_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)%
 4 year RDS%rate[4].BBLT.Published(48_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(48_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)%
5 year RDS%rate[4].BBLT.Published(60_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(60_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)%

For other terms and posted rates, go to GIC rates.

What you need to know

Type

Non-redeemable

Access

Only at maturity

  • For terms of one year or more, you can choose simple interest, which is calculated and 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 matures9 or deposit your principal and interest into your bank account

RRSP (Registered Retirement Savings Plan)

RDS%rate[4].BRGIC.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BRGIC.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)% †, 1, 6
1-year CIBC Bonus Rate RRSP GIC
Posted rate: RDS%rate[4].BRGIC.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)%
RDS%rate[4].BRGIC.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BRGIC.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)% †, 1, 6
2-year CIBC Bonus Rate RRSP GIC
Posted rate: RDS%rate[4].BRGIC.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)%
RDS%rate[4].BRGIC.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BRGIC.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)% †, 1, 6
5-year CIBC Bonus Rate RRSP GIC
Posted rate: RDS%rate[4].BRGIC.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)%

Terms and rates

 

1 year RDS%rate[4].BRGIC.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BRGIC.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)%
2 year RDS%rate[4].BRGIC.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BRGIC.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)%
5 year RDS%rate[4].BRGIC.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BRGIC.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)%

What you need to know

Type

Non-redeemable8

Access

Only at maturity

Interest

  • For terms of one year or less, simple interest is calculated and paid 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 maturity9, unless you give us other instructions before the end of the term and we will repay you based on those instructions

TFSA (Tax-Free Savings Account)

RDS%rate[4].BBGICTF.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BBGICTF.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)% †, 1, 7
1-year CIBC Bonus Rate TFSA GIC
Posted rate: RDS%rate[4].BBGICTF.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)%
RDS%rate[4].BBGICTF.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BBGICTF.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)% †, 1, 7
2-year CIBC Bonus Rate TFSA GIC
Posted rate: RDS%rate[4].BBGICTF.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)%
RDS%rate[4].BBGICTF.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BBGICTF.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)% †, 1, 7
5-year CIBC Bonus Rate TFSA GIC
Posted rate: RDS%rate[4].BBGICTF.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)%

Terms and rates

 

1 year RDS%rate[4].BBGICTF.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BBGICTF.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)%
2 year RDS%rate[4].BBGICTF.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BBGICTF.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)%
3 year RDS%rate[4].BBGICTF.Published(3_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BBGICTF.Published(3_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)%
4 year RDS%rate[4].BBGICTF.Published(4_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BBGICTF.Published(4_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)%
5 year RDS%rate[4].BBGICTF.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BBGICTF.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)%

What you need to know

Type

Non-redeemable8

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, simple interest is calculated and paid 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 maturity9, unless you give us other instructions before the end of the term and we will repay you based on those instructions

Find out more about TFSAs and their contribution rules.

RRIF (Registered Retirement Income Fund)

Terms and rates

 

 1 year RDS%rate[4].BONUSGIC.Published(1_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,21,1)(#O2#)% + %rate[4].BONUSGIC.Published(1_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,17,1)(#O2#)%
2 year RDS%rate[4].BONUSGIC.Published(2_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,21,1)(#O2#)% + %rate[4].BONUSGIC.Published(2_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,17,1)(#O2#)%
5 year RDS%rate[4].BONUSGIC.Published(5_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,21,1)(#O2#)% + %rate[4].BONUSGIC.Published(5_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,17,1)(#O2#)%

What you need to know4

Type

Non-redeemable8

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, simple interest is calculated and paid 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 maturity9, unless you give us other instructions before the end of the term and we will repay you based on those instructions

LIF (Life Income Fund)

Terms and rates

 

 1 year RDS%rate[4].BONUSGIC.Published(1_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,21,1)(#O2#)% + %rate[4].BONUSGIC.Published(1_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,17,1)(#O2#)%
2 year RDS%rate[4].BONUSGIC.Published(2_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,21,1)(#O2#)% + %rate[4].BONUSGIC.Published(2_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,17,1)(#O2#)%
5 year RDS%rate[4].BONUSGIC.Published(5_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,21,1)(#O2#)% + %rate[4].BONUSGIC.Published(5_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,17,1)(#O2#)%

.

What you need to know4

Type

Non-redeemable8

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, simple interest is calculated and paid 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 maturity9, unless you give us other instructions before the end of the term and we will repay you based on those instructions

Non-registered – Short Term

Our most popular terms

 

30 days RDS%rate[4].BBST.Published(30_null_null_Days_T,5000.0_-_999999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBST.Published(30_null_null_Days_T,5000.0_-_999999.99_CAD_Balance,17,1)(#O2#)%
90 days RDS%rate[4].BBST.Published(90_null_null_Days_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBST.Published(90_null_null_Days_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)%
180 days RDS%rate[4].BBST.Published(180_null_null_Days_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBST.Published(180_null_null_Days_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)%
270 days RDS%rate[4].BBST.Published(270_null_null_Days_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBST.Published(270_null_null_Days_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)%

.

What you need to know

Type

Non-redeemable

Access

Only at maturity

Interest

  • For terms less than one year, simple interest is calculated and paid at maturity

Fees

No fees

Renewal

You can automatically renew your GIC when it matures9 or deposit your principal and interest into your bank account

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 to fund your GIC

Need an account? Apply for a bank account

• You must be registered for Online and Mobile Banking

Need to register? Register for Online and Mobile Banking


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.10


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.