CIBC AgriInvest Account

Is it for you?

Consider CIBC's AgriInvest Account if you:

• Are a farmer or producer and are eligible to participate in the AgriInvest Program
   

Information you need to know:

• The AgriInvest Personal Identification Number (PIN) indicated on the Account Initiation Form is mandatory when opening an AgriInvest Account
• The AgriInvest deposit must be made by the deadline date indicated on the Account Initiation Form in order to receive the government's matching contribution
• Only the initial deposit made into the CIBC AgriInvest Account will be matched by the government. Any excess or subsequent contributions can be accepted and will receive interest. They will not however be matched with additional government contributions
• The CIBC AgriInvest Account pays interest on a tiered balance basis:
  • Calculated on the monthly average account balance
  • Paid at the end of each month
  • Rates of interest are determined by balance levels (i.e. tiers)
  • For a complete listing of tiers and corresponding interest rates please see Rates
• Option available to add your AgriInvest Account to your CIBC Business Convenience Card for easy access to accounts through CIBC Telephone Banking, CIBC Online Banking and CIBC Mobile Banking (for all business structures excluding Partnerships)
• CIBC AgriInvest Accounts are for use by eligible farmers who participate in the government's AgriInvest program
• Partners in a Partnership must each open a CIBC AgriInvest Account as an Individual to participate in the AgriInvest Program
• No coin or foreign currency allowed through bank machine deposits
• Overdraft protection is not permitted
• Cheques are not permitted on the account