CIBC Advantage® for Youth

The CIBC Advantage for Youth is our CIBC Premium Growth Account with special youth benefits. It is designed to help young people save for their future, learn financial basics and begin banking on their own, with their parents' guidance.

This account provides free day-to-day banking, no monthly fee, and can be opened for a child 18 years of age or younger.

Is it for your child?

CIBC Advantage for Youth could be for your child if any of the following apply:

Your child is 18 years of age or younger
You want to establish a savings account where your child can start saving funds
You want your child to learn banking basics, without paying transaction fees

Key benefits

Makes money	Competitive interest rates Interest is calculated on each day's final balance and paid monthly For balances less than $60,000, interest will be paid on the entire account balance using the interest rate for the interest tier into which the final balance falls The account earns a premium rate on the portion of the final daily balance over $60,000
Saves money	Free transactions1
Convenient	Full access to the account through CIBC branches Comes with a CIBC Convenience Card® so with parent or guardian approval, your child can have access to their account through bank machines, CIBC Telephone Banking, CIBC Online Banking and INTERAC* Direct Payment Parent or guardian decides whether or not the child should have chequing or electronic access Parent or guardian can set the withdrawal limit or restrict it to allow for "deposits only" Choose the free record keeping option that suits you best: basic monthly or quarterly statement, or paperless option

Information you need to know:

Transaction1 fees: free
Fees will apply on withdrawals at non-CIBC bank machines

Important information

Products and their features may change at any time.

This is a general description only. For complete information about fees, refer to the service fee disclosure brochure Personal Account Service Fees effective April 1, 2007.

1 "Transaction" includes the following: cheques, withdrawals, pre-authorized payments, bill payments and Interac Direct Payment purchases. All withdrawals at bank machines not displaying the CIBC name or logo are subject to fee(s).

® Registered trademark of CIBC.

* Trademark of Interac Inc., CIBC authorized user of trademark.

Rates and Fees

Account rates

Account fees