CIBC Advantage® for Youth
Give your child’s savings a head start with competitive interest
CIBC Advantage® for Youth
This is the CIBC Premium Growth Account™ with special benefits
for those 18 and under:
- Unlimited transactions1
- No monthly fee
- Earn competitive interest on every dollar
Help your child save for the future and learn about managing money
This account offers:
- Unlimited transactions
- A competitive interest rate calculated on each day's final balance and paid monthly
- A CIBC Advantage Debit CardTM that, with your consent, allows access to the account through branches, bank machines, CIBC Telephone Banking, CIBC Online Banking, Mobile Banking and INTERAC* Direct Payment
Plus, as a parent or guardian, you can take advantage of these features:
- Set the withdrawal limit or restrict it to allow for “deposits only”
- Decide whether or not your child should have chequing or electronic access
- Paperless record keeping2
Rates & Fees
|Daily Closing $ Balance||Interest Rate|
|All Balances||% All rates|
- Withdrawals (including ABM)
- Pre-authorized payments
- Bill payments (including CIBC Credit Cards and CIBC Personal Lines of Credit)
- Debit purchases
|Sending INTERAC e-TransferTM||$1.50 each + transaction fee, if applicable|
|Receiving INTERAC e-Transfer||Free|
|Non-CIBC bank machine withdrawal||$1.50 each + transaction fee, if applicable|
|Paperless record keeping||Free|
Personal Account Service Fees (260 KB)
Experience the CIBC advantage
Extended branch hours at over 1,000 branches to better accommodate your busy schedule
One of the largest bank machine networks in Canada for quick and easy access to your money
Expert advisors are available to help you reduce your fees and make the most of your accounts with CIBC Banking Bundles3
Enter your question in sentence form, e.g.: How do I open a bank account?Top 10 Questions
Terms and Conditions
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.
1 A transaction includes cheques, withdrawals, transfers, pre-authorized payments, bill payments (including CIBC Credit Cards and CIBC Personal Lines of Credit) and debit purchases. For CIBC eAdvantage Savings Accounts, a transaction does not include online transfers to your other CIBC personal bank account(s) using the transfer function on CIBC Online and Mobile Banking. Additional fee(s) apply to withdrawals from non-CIBC bank machines, INTERAC e-Transfer™ transactions and cheques written in currencies other than the account currency. These fees apply to all customers, including CIBC Advantage for Youth, CIBC Advantage for Students and CIBC 60 Plus Advantage customers.
2 “Paperless” record keeping is a paper-free alternative to statements and bankbooks. This option enables customers to track account activity online or by phone or CIBC bank machine. Please note, no printed statements will be sent to customers selecting this option. Customers must review their account transactions through CIBC Online or Mobile Banking, CIBC Telephone Banking or CIBC bank machines at least once every 30 days and examine all entries and balances at that time. If there are any errors, omissions or irregularities, customers must notify CIBC in writing within 60 days after the date on which the entry was, or should have been, posted to the account. Banking activity that occurred prior to Online Banking registration will not be available in the Online or Mobile Banking transaction history.
3 To qualify for the CIBC Banking Bundles, you need to have an eligible CIBC Mortgage or Secured Line of Credit, a CIBC Investment and either a CIBC Credit Card or Creditor Insurance.