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Why choose a CIBC Bonus Rate GIC?
This GIC is right for you if you want predictable earnings and don't need access to your money before the end of the term.
Competitive rates
Guaranteed returns
Multiple options
Find a GIC account that's right for you
The CIBC Bonus Rate GIC is available in non-registered and registered accounts. If you're saving for a long-term goal, such as retirement, consider a registered account for the tax benefits.
New to GICs? Check out our glossary opens in a new window.
Non-registered
Posted rate: RDS%rate[4].BBLT.Published(12_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)%
Posted rate: RDS%rate[4].BBLT.Published(24_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)%
Posted rate: RDS%rate[4].BBLT.Published(60_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)%
Our most popular terms
| 1 year | RDS%rate[4].BBLT.Published(12_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(12_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)% |
| 18 months | RDS%rate[4].BBLT.Published(18_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(18_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)% |
| 2 year | RDS%rate[4].BBLT.Published(24_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(24_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)% |
| 3 year | RDS%rate[4].BBLT.Published(36_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(36_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)% |
| 4 year | RDS%rate[4].BBLT.Published(48_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(48_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)% |
| 5 year | RDS%rate[4].BBLT.Published(60_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBLT.Published(60_null_null_Months_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)% |
For other terms and posted rates, go to GIC rates.
What you need to know
Type
Non-redeemable
Access
Only at maturity
- For terms of one year or more, you can choose simple interest, which is calculated and paid monthly, semi-annually or annually. Or you can choose compound interest, which is calculated annually and paid at maturity
Fees
No fees
Renewal
You can automatically renew your GIC when it maturesⓘ or deposit your principal and interest into your bank account
RRSP (Registered Retirement Savings Plan)
Posted rate: RDS%rate[4].BRGIC.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)%
Posted rate: RDS%rate[4].BRGIC.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)%
Posted rate: RDS%rate[4].BRGIC.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)%
Terms and rates
| 1 year | RDS%rate[4].BRGIC.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BRGIC.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)% |
| 2 year | RDS%rate[4].BRGIC.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BRGIC.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)% |
| 5 year | RDS%rate[4].BRGIC.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BRGIC.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)% |
What you need to know
Type
Non-redeemableⓘ
Access
Only at maturity
Interest
- For terms of one year or less, simple interest is calculated and paid at maturity
- For terms over one year, you get compound interest, which is calculated annually and paid at maturity
Fees
You'll pay a $100 fee if you transfer all or part of your RRSP funds to another financial institution
Renewal
We automatically renew your GIC at maturityⓘ, unless you give us other instructions before the end of the term and we will repay you based on those instructions
TFSA (Tax-Free Savings Account)
Posted rate: RDS%rate[4].BBGICTF.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)%
Posted rate: RDS%rate[4].BBGICTF.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)%
Posted rate: RDS%rate[4].BBGICTF.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)%
Terms and rates
| 1 year | RDS%rate[4].BBGICTF.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BBGICTF.Published(1_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)% |
| 2 year | RDS%rate[4].BBGICTF.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BBGICTF.Published(2_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)% |
| 3 year | RDS%rate[4].BBGICTF.Published(3_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BBGICTF.Published(3_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)% |
| 4 year | RDS%rate[4].BBGICTF.Published(4_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BBGICTF.Published(4_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)% |
| 5 year | RDS%rate[4].BBGICTF.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,21,1)(#O2#)% + %rate[4].BBGICTF.Published(5_null_null_Year_T,500.0_-_1.0E9_CAD_Balance,17,1)(#O2#)% |
What you need to know
Type
Non-redeemableⓘ
Access
You can't withdraw your money before maturity, unless you transfer your funds to a TFSA at another financial institution or withdraw an excess contribution
Interest
- For terms of one year or less, simple interest is calculated and paid at maturity
- For terms over one year, you get compound interest, which is calculated annually and paid at maturity
Fees
If you transfer your TFSA funds to another financial institution before maturity, you don't get interest and you'll pay a $100 fee
Renewal
We automatically renew your GIC at maturityⓘ, unless you give us other instructions before the end of the term and we will repay you based on those instructions
RRIF (Registered Retirement Income Fund)
Terms and rates
| 1 year | RDS%rate[4].BONUSGIC.Published(1_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,21,1)(#O2#)% + %rate[4].BONUSGIC.Published(1_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,17,1)(#O2#)% |
| 2 year | RDS%rate[4].BONUSGIC.Published(2_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,21,1)(#O2#)% + %rate[4].BONUSGIC.Published(2_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,17,1)(#O2#)% |
| 5 year | RDS%rate[4].BONUSGIC.Published(5_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,21,1)(#O2#)% + %rate[4].BONUSGIC.Published(5_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,17,1)(#O2#)% |
What you need to knowⓘ
Type
Non-redeemableⓘ
Access
- You can't withdraw your money before maturity if you want to change investment options or reinvest at other terms and rates
- You can cash out some or all of your GIC with no interest penalty for scheduled or lump sum payments, proceeds on death or unlocking a locked-in RRIF
- If you transfer your RRIF funds to another financial institution, no interest will be paid on the redeemed GIC amount
- You can get your RRIF payments monthly, quarterly, semi-annually or annually (you have to withdraw a minimum amount each year)
Interest
- For terms of one year or less, simple interest is calculated and paid at maturity
- For terms over one year, you get compound interest, which is calculated annually and paid at maturity
Fees
You'll pay a $100 fee if you transfer all or part of your RRIF funds to another financial institution
Renewal
We automatically renew your GIC at maturityⓘ, unless you give us other instructions before the end of the term and we will repay you based on those instructions
LIF (Life Income Fund)
Terms and rates
| 1 year | RDS%rate[4].BONUSGIC.Published(1_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,21,1)(#O2#)% + %rate[4].BONUSGIC.Published(1_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,17,1)(#O2#)% |
| 2 year | RDS%rate[4].BONUSGIC.Published(2_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,21,1)(#O2#)% + %rate[4].BONUSGIC.Published(2_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,17,1)(#O2#)% |
| 5 year | RDS%rate[4].BONUSGIC.Published(5_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,21,1)(#O2#)% + %rate[4].BONUSGIC.Published(5_null_null_Year_T,500.0_-_9.99999999E8_CAD_Balance,17,1)(#O2#)% |
.
What you need to knowⓘ
Type
Non-redeemableⓘ
Access
- You can't withdraw your money before maturity if you want to change investment options or reinvest at other terms and rates
- You can cash out some or all of your GIC with no interest penalty for scheduled or lump sum payments, proceeds on death or unlocking a LIF
- If you transfer your LIF funds to another financial institution, no interest will be paid on the redeemed GIC amount
- You can get your LIF payments monthly, quarterly, semi-annually or annually (you have to withdraw a minimum amount each year)
Interest
- For terms of one year or less, simple interest is calculated and paid at maturity
- For terms over one year, you get compound interest, which is calculated annually and paid at maturity
Fees
You'll pay a $100 fee if you transfer all or part of your LIF funds to another financial institution
Renewal
We automatically renew your GIC at maturityⓘ, unless you give us other instructions before the end of the term and we will repay you based on those instructions
Non-registered – Short Term
Our most popular terms
| 30 days | RDS%rate[4].BBST.Published(30_null_null_Days_T,5000.0_-_999999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBST.Published(30_null_null_Days_T,5000.0_-_999999.99_CAD_Balance,17,1)(#O2#)% |
| 90 days | RDS%rate[4].BBST.Published(90_null_null_Days_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBST.Published(90_null_null_Days_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)% |
| 180 days | RDS%rate[4].BBST.Published(180_null_null_Days_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBST.Published(180_null_null_Days_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)% |
| 270 days | RDS%rate[4].BBST.Published(270_null_null_Days_T,1000.0_-_4999.99_CAD_Balance,21,1)(#O2#)% + %rate[4].BBST.Published(270_null_null_Days_T,1000.0_-_4999.99_CAD_Balance,17,1)(#O2#)% |
.
What you need to know
Type
Non-redeemable
Access
Only at maturity
Interest
- For terms less than one year, simple interest is calculated and paid at maturity
Fees
No fees
Renewal
You can automatically renew your GIC when it maturesⓘ or deposit your principal and interest into your bank account
Interested in other GIC rates?
How to invest in a CIBC Bonus Rate GIC
What you need to get started
• Your Social Insurance Number
• You must be living in Canada
• A CIBC personal bank account to fund your GIC
Need an account? Apply for a bank account
• You must be registered for Online and Mobile Banking
Need to register? Register for Online and Mobile Banking
Fill out the application
Applying online only takes about 5 minutes. Want us to guide you through the application? Call us or visit a banking centre. If you're already a CIBC client, you'll spend less time applying.ⓘ
Review the details online
Keep tabs on your GIC using CIBC Online Banking®. Check your maturity date, interest rate, deposit amount and more at any time.
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