CIBC GIC rates compared
CIBC's best posted rate is 2.45% on a 1-year term. The best rate available in Canada for that term is 3.70%, from WealthONE Bank of Canada. Both are covered by deposit insurance.
Get CIBC GICsHow do CIBC's GIC rates compare to the best in Canada?
On a 5-year term CIBC posts 2.75% against 4.30% from WealthONE Bank of Canada, the best we track. Every term it publishes is compared the same way below.
| Term | CIBC | Best in Canada | Gap | Leader |
|---|---|---|---|---|
| 1-year | 2.45% | 3.70% | −1.25 pts | WealthONE Bank of Canada |
| 2-year | 2.55% | 3.95% | −1.40 pts | WealthONE Bank of Canada |
| 3-year | 2.60% | 4.05% | −1.45 pts | WealthONE Bank of Canada |
| 4-year | 2.70% | 4.10% | −1.40 pts | WealthONE Bank of Canada |
| 5-year | 2.75% | 4.30% | −1.55 pts | WealthONE Bank of Canada |
Is CIBC's GIC covered by CDIC?
Yes. CIBC is one of the five largest Canadian chartered banks and a CDIC member, so an eligible GIC held here is protected to $100,000 per depositor, per insured category.
Federal. $100,000 per depositor, per member institution, per insured category.
Where do these CIBC rates come from?
Directly from CIBC's own posted rate page at cibc.com, read by hand on 2026-09-04. The page dates the rates themselves 2026-09-04.
All 11 terms CIBC posts were captured in that read. No aggregator, no feed, no affiliate link.
CIBC's posted rates on cibc.comHow we collect and check ratesWho should buy a GIC from CIBC?
People who already bank at CIBC, mostly. It does not lead any term we track, so what is left is the convenience of not moving money, priced below.
Common questions about CIBC GICs
What is CIBC's minimum GIC deposit?
$1,000, at the top of the $100 to $1,000 range the 10 published minimums cover. It is the common figure rather than an unusual one: several higher-paying issuers ask the same.
Does CIBC have the best GIC rate in Canada?
Not on a 5-year term. CIBC posts 2.75% there, against 4.30% from WealthONE Bank of Canada: a gap of 1.55 points on the same term, for the same non-redeemable product. The table above runs the same comparison across all 5 terms.
Which GIC terms does CIBC offer?
11 terms are posted on cibc.com, from 30 days to 60 months. The comparison table above covers the 5 annual terms where enough issuers publish a rate for a market comparison to mean anything.
Does CIBC pay GIC interest monthly?
CIBC does not post a separate interest-paid-monthly rate on cibc.com, so we do not publish one. Where an issuer posts one it is always lower than the compounding rate, which makes it worth asking before you choose monthly income.
Are these CIBC rates promotional?
No. These are CIBC's standard posted rates, which its own page dates 2026-09-04; we read them on 2026-09-04. Limited-time promotions are noted separately rather than used to move an institution up the ranking, because a promotional rate that expires before your term does is not a rate you can rely on.
How we collect and check ratesWhat would CIBC's 1-year rate pay on your deposit?
On $50,000 it pays $1,225 in interest over the full term. Change the amount to see what that becomes on yours, then compare it against the leader.
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Independent and unaffiliated. Rates are read from CIBC's own posted page at cibc.com and may change without notice. Educational information only, not financial advice. Published by Croton Holdings LLC. Corrections to daniel@crotoncontent.com.