CIBC TFSA Tax Advantage Savings Account®

Get an account that offers daily interest, tax free

CIBC TFSA Tax Advantage Savings Account®

  • Earn a competitive, guaranteed high interest rate
  • Earn interest on your deposits right away
  • Access your money anytime

I have a CIBC bank account

Purchase or Contribute: a CIBC TFSA Tax Advantage Savings Account

I don’t have a CIBC bank account

Purchase with our help

Contact us to get started

By phone
Call Telephone Banking1 at 1-800-465-3863

In-person
Visit one of our branches

We’ll help you

  • Open a CIBC bank account so you can open a TFSA

Grow your savings with bonus interest

Make new deposits into a CIBC TFSA Tax Advantage Savings Account
and earn %* interest for a limited time.

Benefits

Reach your savings goals faster

Grow your savings tax-free
  • Tax-free interest is calculated on your full daily closing balance, and is paid monthly.
Automatic deposits
  • Set up a recurring deposit for a faster, more convenient way to save.
Flexible access to your money
  • If something comes up and you need to access the funds in your TFSA, you can make tax-free withdrawals at any time.
No fees
  • You don’t pay any fees on your account, unless you transfer all or part of your TFSA funds to another financial institution ($100 fee applies).

Minimum Investment: $25

Annual Interest Rate with bonus:  % on new deposits (limited time offer expires March 31, 2015)*

TFSA and RRSP

Make the most of tax-sheltered plans

A TFSA and an RRSP can help you meet your financial goals

TFSA
Tax-Free Savings Account

RRSP
Registered Retirement Savings Plan

Short-term & long-term goals Long-term goal, i.e. retirement
No tax deduction for contribution Tax deduction for contribution
Withdrawals are tax-free Withdrawals are taxable income
Withdrawals can be re-contributed in a later year Withdrawals made when you are retired will potentially be taxed at a lower rate
Each calendar year, you can contribute up to the TFSA dollar limit for the year ($5,500 in 2014); unused contribution room can be carried forward. Each calendar year you can contribute up to your RRSP maximum contribution limit for the year; unused contribution room can be carried forward.

Find out more about TFSAs and RRSPs For details, see “Should You Contribute to Your TFSA or Your RRSP?”

I have a CIBC bank account

Purchase or Contribute : a CIBC TFSA Tax Advantage Savings Account

I don’t have a CIBC bank account

Get started with our help
Questions?

Enter your question in sentence form, e.g.: What is a Tax-Free Savings Account (TFSA)?

Terms and Conditions

1 To buy through Telephone Banking or online, you need to have a CIBC bank account or CIBC GIC already.

® Registered trademark of CIBC.