CIBC TFSA GIC (Redeemable)

The CIBC TFSA GIC (Redeemable) guarantees your principal and interest, while giving you the option to cash out at any time.

With the CIBC TFSA GIC (Redeemable), you deposit money with us for a period of 9 months to 3 years, and earn a guaranteed interest rate. At the end of the term we return the full amount of your deposit plus interest - guaranteed. If you need your money back sooner, you can withdraw your funds any time, at specified early redemption rates.




Minimum investment



Terms available

9 to 36 months


Access to funds

  • You can withdraw some or all of the funds on any business day prior to maturity at specified early redemption rates


  • 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


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 RRIF GIC and LIF GIC.

Interested in an RRSP GIC?

Consider a CIBC RRSP GIC (Redeemable).

Interested in a non-registered GIC?

Consider a CIBC Redeemable GIC.

Is it for you?

The CIBC TFSA GIC (Redeemable) could be for you if:

  • You want a secure TFSA investment
  • You want to put funds aside to meet your future goals
  • You want the option to withdraw your funds at any time

Useful information

  • While redeemable GICs generally pay less interest than non-redeemable GICs, they do allow you to cash out before maturity, at early redemption rates. If you need access to some but not all of your funds, consider placing some money in a CIBC TFSA GIC (Redeemable), and the rest in a CIBC TFSA GIC (Non-Redeemable). This maximizes your interest rate earnings, while giving you the liquidity you need. Other GICs offering early access include the CIBC Flexible TFSA GIC™ or CIBC Cashable Escalating Rate TFSA GIC™
  • Principal and interest are conveniently automatically renewed into a CIBC TFSA GIC (Redeemable) for the same term unless you instruct otherwise prior to maturity

Interested in purchasing or contributing to a CIBC TFSA GIC?

Call Telephone Banking1 at 1-800-465-3863 or visit one of our branches.