The CIBC Bonus Rate RRIF GIC guarantees your principal and offers interest at a premium rate allowing you to maximize growth within your CIBC RRIF.

Minimum investment

$500 per RRIF GIC (minimum balance of $5,000 is required to open a CIBC RRIF 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 RRIF of the plan holder or unlocking Locked-In RRIFs
  • RRIF payments can be received: annually, semi-annually, quarterly, or monthly (a legislated minimum amount must be withdrawn each year)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 RRIF funds to another financial institution, in which case a $100 fee will apply

Key benefits


  • Available on any transfers into a CIBC RRIF (with the exception of CIBC RRSP GICs converted to a CIBC RRIF GIC prior to maturity)
  • Also available on CIBC RRIF GIC renewals


  • Automatically renews into a CIBC RRIF 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

Is it for you?

The CIBC Bonus Rate RRIF 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 RRIF portfolio

Useful information

  • CIBC Bonus Rate RRIF GICs are not available in Self-Directed RRIFs and cannot be combined with any other offer.
  • If an income payment would result in any CIBC RRIF GIC having a remaining balance below $500, then the full remaining balance will be redeemed and transferred into your RRIF Daily Interest Savings Account.

Interested in a non-registered GIC?

Consider a CIBC Bonus Rate GIC.

Interested in a TFSA GIC?

Consider a CIBC Bonus Rate TFSA GIC.