CIBC Escalating Rate RRIF GIC

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

With CIBC Escalating Rate RRIF GICs, you deposit money with us at guaranteed interest rates. Your original investment amount is always guaranteed in full. See below for important details.

Minimum investment

$500 per RRIF GIC (minimum balance of $5,000 is required to open a CIBC RRIF 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 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  • RRIF payments can be received: annually, semi-annually, quarterly, or monthly (a legislated minimum amount must be withdrawn each year)


  • 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 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 Escalating Rate 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?
CIBC Escalating Rate RRIF 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 RRIF portfolio

Useful information

  • CIBC Escalating 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 applying for a CIBC RRIF GIC?

Call Telephone Banking1 or visit your branch.

1-800-465-3863 toll free

Interested in a non-registered GIC?

Consider a CIBC Escalating Rate GIC.

Interested in a TFSA GIC?

Consider a CIBC Escalating Rate TFSA GIC.