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.

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

  • Non-redeemable prior to maturity to change investment options or to reinvest at other terms and interest rates
  • Cashable in whole or part, with no interest penalty when making scheduled or lump sum payments, paying proceeds on death, making transfers to another LIF of the plan holder or unlocking LIFs
  • LIF payments can be received: annually, semi-annually, quarterly, or monthly (subject to the legislated limits on how much may be withdrawn each year)


  • For terms of one year and less, simple interest is paid at maturity
  • For terms of more than 1 year, interest is compounded annually and paid at maturity


There are no fees, unless you transfer all or part of your LIF funds to another financial institution, in which case a $100 fee will apply

Key benefits


  • 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


  • 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

Interested in a non-registered GIC?

Consider a CIBC Bonus Rate GIC.

Interested in a TFSA GIC?

Consider a CIBC Bonus Rate TFSA 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

Useful information

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

Interested in applying for a CIBC LIF GIC?

Call Telephone Banking or visit your branch.

1-800-465-3863 toll free

Our Service Commitment to You

If you have a concern or complaint, we want to help.

Read more