1 Rates are fixed for each GIC’s term. The minimum investment is $500 and maximum is $999,999.
To open a CIBC RRIF or LIF account, you need a minimum balance of $5,000. To invest in the Bonus Rate RRIF and LIF GIC please visit a CIBC Banking Centre Opens in a new window.. Or call Telephone Banking at 1-800-465-3863 Opens your phone app..
Interest calculation: For terms of one year or less, simple interest is calculated and paid at maturity. For terms over a year, compound interest will be calculated annually and paid at maturity. If a GIC is redeemed before maturity to transfer funds to the same account type at another financial institution, no interest will be paid and a transfer fee will apply. Your registered CIBC GIC will automatically reinvest into the same registered CIBC GIC for the same term. You can change reinvestment instructions anytime by visiting a CIBC Banking Centre Opens in a new window.. Changes can also be made by calling CIBC Telephone Banking at 1-800-465-3863 Opens your phone app..
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