CIBC GIC Rates 2026:
Current Promotional & Posted Rates
Compare all current CIBC Guaranteed Investment Certificate (GIC) rates — including Bonus Rate, Flexible, TFSA and RRSP GICs. Rates verified weekly from CIBC’s official rate page. Last updated: May 5, 2026.
CIBC GIC Rates — May 2026
Promo · all amounts
Posted: 2.00%
Posted: 2.45%
If your money won’t be touched for a year, the Bonus Rate GIC at 2.70% beats the Flexible GIC by 0.55 percentage points — that’s $55 extra per $10,000 for simply committing to the term. If there’s any chance you’ll need early access, the Flexible GIC’s redeemability is worth the trade-off. And if you have unused TFSA room, the TFSA Bonus Rate GIC delivers that same 2.70% completely tax-free.
Featured GIC Products
Bonus Rate GIC · 1-Year
Fixed-term: higher rate, locked until maturity. Best if your money is set aside for exactly 12 months.
Flexible GIC · 1-Year
Redeemable anytime: lower rate, but full access to your funds if needed. Best when certainty isn’t guaranteed.
Bonus Rate TFSA GIC · 1-Year
Same rate as the Bonus Rate GIC, but held inside your TFSA — all interest earned is 100% tax-free.
Bonus Rate RRSP GIC · 2-Year
Lock in for two years inside your RRSP — contributions are tax-deductible and interest grows tax-sheltered until withdrawal.
Full Rate Reference Table
| Term | Promotional Rate | Posted Rate |
|---|---|---|
| 1 year | 2.70% | 2.45% |
| 2 years | 2.75% | 2.55% |
| Term | Promotional Rate | Posted Rate | Notes |
|---|---|---|---|
| 1 year | 2.15% | 2.00% | Redeemable anytime |
| Product | Term | Promotional Rate | Posted Rate |
|---|---|---|---|
| Bonus Rate TFSA GIC | 1 year | 2.70% | 2.45% |
| Bonus Rate RRSP GIC | 2 years | 2.75% | 2.55% |
Rates subject to change without notice. Interest calculated and paid at maturity unless otherwise arranged.
Three Things Worth Knowing
Promotional ≠ Posted Rate
CIBC lists two rates for most GICs. The lower “posted rate” is the baseline; the higher “promotional rate” is what regular customers actually receive. Promotional rates can change without notice — always confirm when you apply.
$100K CDIC Insurance Limit
CDIC covers up to $100,000 per depositor per account category (non-registered, TFSA, and RRSP are counted separately — giving you up to $300K of coverage at CIBC across all three). Amounts above these limits are uninsured.
Big Banks vs. Online Banks
CIBC’s GIC rates are in line with other Big Five banks, but online banks like EQ Bank and Oaken Financial typically offer 0.3–0.8% higher on comparable terms. If maximizing return is the priority, a cross-bank comparison is worthwhile before committing.
Common Questions About CIBC GICs
A CIBC GIC (Guaranteed Investment Certificate) is a secure savings product where you deposit a fixed amount for a set term — typically 30 days to 5 years — and receive a guaranteed interest rate in return. Your principal is 100% protected and the return is locked in at the time of purchase.
CIBC GICs are eligible for CDIC deposit insurance up to $100,000 per depositor per account category, making them one of the safest savings options available to Canadians.
As of May 5, 2026, CIBC’s best promotional GIC rate is 2.70% for the 1-year Bonus Rate GIC and the 1-year Bonus Rate TFSA GIC. The 1-year Flexible GIC offers a promotional rate of 2.15%. The 2-year Bonus Rate GIC and 2-year Bonus Rate RRSP GIC both offer 2.75%.
Rates are verified weekly on this page and are subject to change without notice by CIBC.
The key difference is flexibility vs. rate. The Bonus Rate GIC offers a higher promotional rate (2.70% for 1 year) but cannot be redeemed before maturity — your money is locked in for the full term.
The Flexible GIC offers a lower promotional rate (2.15% for 1 year) but can be redeemed at any time, provided you maintain a minimum balance of $500. Choose the Bonus Rate GIC if you’re certain you won’t need the funds; choose the Flexible GIC if there’s any chance you may need early access.
The minimum investment for non-registered CIBC GICs (Bonus Rate GIC, Flexible GIC) is $1,000. For registered accounts (TFSA GIC, RRSP GIC), the minimum is $500.
There is no stated maximum investment amount, though CDIC deposit insurance covers only the first $100,000 per depositor per account category.
Yes. CIBC offers Bonus Rate GICs specifically designed for TFSA and RRSP accounts. Holding a GIC in a TFSA means all interest earned is completely tax-free. Holding a GIC in an RRSP means contributions may reduce your taxable income and the interest grows tax-deferred until withdrawal.
Both registered versions offer the same promotional rate (2.70% for the 1-year TFSA GIC as of May 2026) as the non-registered Bonus Rate GIC, with a lower minimum deposit of $500.
