CIBC Escalating Rate LIF GIC

The CIBC Escalating Rate LIF GIC offers guaranteed premium returns and rates that increase each year to maximize growth within your CIBC LIF.

With CIBC Escalating Rate LIF GICs, you deposit money with us at guaranteed interest rates. Your original investment amount is always guaranteed in full.

Minimum investment

$500 per LIF GIC (minimum balance of $5,000 is required to open a CIBC LIF account)

Terms available

3 and 5 years

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can be received: annually, semi-annually, quarterly, or monthly (subject to the legislated limits on how much may be withdrawn each year)


  • Rate increases each year of the term
  • 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 CIBC Escalating Rate 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

Is it for you?

CIBC Escalating Rate LIF GIC could be for you if any of the following apply:

  • You want a guaranteed return and 100% protection of your investment
  • You seek a premium rate of interest
  • You value the stability and security of a fixed term investment for some or all of your LIF portfolio

Useful information

  • CIBC Escalating 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.

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