A bank is a safe place for you to keep your money. The bank helps you put your money in a bank account, helps you invest your money and sometimes lends money to people. When the bank lends money to people, it charges them interest. But if you put your money in certain bank accounts or investments, the bank pays you interest!

Bank accounts
Some people would probably rather have their money close to them where they can see and spend it. Generally it is a good idea to have some money in your wallet or piggy bank, but by putting most of your money into a bank account:

• You won't lose your money
• You can make more money by earning interest on your savings
• You can deposit money to or withdraw money from your bank account

You might want to do your banking at a bank branch or from a bank machine, using your CIBC Convenience Card?.

Field trip
The best way to understand what a bank is, and does, is to visit any branch of CIBC. A CIBC advisor will give you the big tour and answer all of your questions.

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