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
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.