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Bonus Savings

CIBC Bonus Savings Account

This is an ideal savings account for larger balances. It offers our best savings account rate on balances of $5,000 or more.

Interested in opening a new account? If you already have a CIBC personal bank account, just call Telephone Banking. Otherwise, call us to start the application process, or visit one of our branches. 1-866-525-8622 toll free.

Is it for you?

The CIBC Bonus Savings Account could be for you if any of the following apply:

  • You have $5,000 or more to save
  • You plan to make few transactions
  • You want to have some funds on hand for any unexpected emergencies
  • You are saving for a specific goal such as a new car or family vacation

Key benefits


Makes you money
  • Earn our best savings account rate on balances of $5,000 or more
  • Earn interest on every dollar saved
Saves you money
  • Receive 1 free transaction per month1.
Convenient
  • Comes with a CIBC Convenience Card®.
  • 24-hour access to your account through bank machines, CIBC Telephone Banking, CIBC Online Banking and INTERAC* Direct Payment.
  • Transaction fees are the same regardless of how you choose to bank: by CIBC bank machines, CIBC Online Banking, CIBC Telephone Banking or in the branch.
  • Choose the free record keeping option that suits you best: bankbook, basic monthly or quarterly statement, or paperless option

Information you need to know:

  • 1 free transaction1 per month
  • Each additional transaction is $5
  • Personalized cheques available (fees apply)
  • Monthly statement with cheques imaged2: $2.50/month
  • Interim statement: $4.50 each
  • Account fees

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" means a withdrawal, cheque, transfer to another CIBC personal account, INTERAC direct payment purchase, bill payment, or Pre-Authorized Payment. All withdrawals at bank machines not displaying the CIBC name or logo are subject to additional fee(s).

2 Only the front of cheques will be imaged.

® Registered trademark of CIBC.

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