With a CIBC TFSA GIC (Non-Redeemable), you deposit money with us for a period of 2 months to 5 years, and earn a guaranteed rate of interest. The longer you keep the money on deposit, the higher the rate of interest you generally earn. At the end of the term, we return the full amount of your deposit plus interest - guaranteed.

Interested in applying for a CIBC TFSA GIC?

Purchase online, call Telephone Banking1 at 1-800-465-2422 or visit one of our branches.

Type	Non-redeemable
Minimum investment	$500
Terms available	2 to 60 months
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.


	Consider a CIBC RRSP GIC (Non-Redeemable).


	We recommend the CIBC RRIF GIC and LIF GIC.


	Consider a CIBC Short-Term GIC or CIBC Long-Term GIC.

Is it for you?

The CIBC TFSA GIC (Non-Redeemable) could be for you if any of the following apply:

You want a secure TFSA investment
You want to put savings aside to meet your future goals
You want to lock in your deposit for a longer period in order to earn a higher rate of interest
You value the stability and security of a fixed term investment for some or all of your portfolio
You won't need access to your money prior to the GICs maturity

Useful information:

Consider staggering or "laddering" your TFSA GIC maturity dates by dividing your investment equally among 5 TFSA GICs, with terms ranging from 1 to 5 years. As each GIC matures, re-invest it into a 5-year term, which generally earns a higher interest rate than shorter terms. Because you have one GIC maturing each year, you have access to a portion of your investment annually if you need it. If rates rise, some of your GIC dollars can be re-invested, with only a portion of your GICs maturing if rates fall.
Principal and interest are automatically renewed into a CIBC TFSA GIC (Non-Redeemable) of the same term unless you instruct otherwise prior to maturity

Products and their features may change at any time. This is a general description only. For more information and product terms and conditions, consult product brochures or call 1-800-465-2422.

TFSA GICs are issued and guaranteed by CIBC.

1 To buy through Telephone Banking, you need to have a CIBC bank account or CIBC GIC already.