The CIBC Bonus Rate TFSA GIC offers interest at a premium rate on selected terms and guarantees your principal.

Type

Non-redeemable

Minimum investment

$500

Terms available

Selected short and/or long terms offered on a time-limited basis - View terms available now

Access to funds

  • Non-redeemable prior to maturity for any reason other than transferring to a TFSA at another financial institution or to withdraw an excess contribution
  • If a GIC is redeemed before maturity to transfer funds to a TFSA at another financial institution, no interest will be paid and a transfer fee will apply

Interest

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

Fees

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

For RRIF/LIF portfolios

We recommend the CIBC Bonus Rate RRIF GIC and CIBC Bonus Rate LIF GIC.

Interested in an RRSP GIC?

Consider a CIBC Bonus Rate RRSP GIC.

Interested in a non-registered GIC?

Consider a CIBC Bonus Rate GIC.

Is it for you?

The CIBC Bonus Rate TFSA GIC could be for you if any of the following apply:

  • You seek a premium interest rate for a non-redeemable GIC on selected terms offered on a time-limited basis
  • You value the stability and security of a fixed term investment
  • You will not need access to your money prior to the GIC's maturity


Useful information:

  • Principal and interest are automatically renewed into a regular CIBC TFSA GIC (Non-Redeemable) of like term unless you instruct otherwise prior to maturity

Interested in purchasing or contributing to a CIBC TFSA GIC?

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