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Business accounts

CIBC Business Investment Growth Account^®

A convenient account that lets you grow your money, so you can reach your business goals.

Get a savings account with the flexibility to access funds anytime, while you earn interest

Get a competitive interest rate¹

Earn more interest on higher account balances.

Move money

Easily transfer funds between your business accounts.

Access funds anytime

Withdraw money from your account when you need it.

Business Investment Growth Account at a glance

Monthly fee²

$0

Interest rate¹

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Based on daily closing balance

No minimum balance

Earn interest on every dollar

Transactions³

$1.00 for each self-service⁴ credit transaction

$1.25 for each full-service⁵ credit transaction

$5.00 for each debit transaction

Fees and details

How do I open an account?

Option 1: Complete the application form online; it’s quick and easy

Skip the trip to a banking centre and apply online, anytime. This is the most convenient way to open a business account ― complete the application form in as little as 30 minutes.
Apply nowto open a CIBC Business Investment Growth Account. Opens a new window in your browser.

Option 2: Complete the form and visit a CIBC Banking Centre

Complete the Business Account Application and Agreement (PDF, 400 KB) Opens in a new window.
All principal owners and anyone who will sign on the account must bring 2 pieces of valid ID to your appointment.
Meet with usOpens a new window in your browser.

Bring the records for your business type:

Ready to open an account?

Open a business account on your own time. Fill out the online application form and save the trip to a banking centre.

Apply now

One of our advisors will call you back when it’s convenient for you, or you can call us if you have any questions.

Request a callOpens a new window in your browser. or call 1-866-992-7223Opens your phone app.

It's more than just banking. We have the right solutions for your business

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Manage your cash flow

Access your transaction history through eStatements⁶. Review in and out cash flows with detailed reporting through CIBC SmartBanking^™for Business.

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Give access

Assign routine financial transactions and tasks to trusted individuals with CIBC Business Banking Customized Access. Get unlimited CIBC Business Banking Convenience Cards®.

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Bank your way

View your account details anywhere, anytime through CIBC Online Banking® for Business and CIBC Mobile Banking®. Skip the trip to the bank and deposit cheques directly into your account with CIBC eDeposit®.

Advice and resources

ADVICE

Starting a business

Get the right advice, support and personalized banking solutions to help your new business thrive.

Learn more

Biz Hub

Advice for your business

Find the tips, guides and expert advice to help you run your business at any stage.

Learn more

RESOURCES

Important links and downloads

Business account service fees (PDF, 295 KB) Opens in a new window.

Changes to CIBC Business Account Service Fees effective July 1, 2021 (PDF, 30 KB) Opens in a new window.

Business Account Deposit Slip, Non ABM (PDF, 710 KB) Opens in a new window.

Interest rates on business bank accounts

Accounts no longer offered

CIBC is a member of Canada Deposit Insurance Corporation (CDIC)

Available to qualified business clients only.

¹ Interest is credited to your account effective as of the last business day of the calendar month, and will be reflected in your account records and available to you two business days after the end of the calendar month. Interest rates quoted are annual and subject to change without prior notice, and are on display at any CIBC Banking Centre.

² Other fees may apply to the operation of your account. To learn more, refer to pages 6 to 12 in Business Account Service Fees (PDF, 995 KB) Opens in a new window. and Changes to CIBC Business Account Service Fees effective July 1, 2021 (PDF, 30 KB) Opens in a new window..

³ Transactions include any debits and credits to your account (excluding CIBC interest credits and fee debits). Debits include, without limitation, withdrawals, cheques, pre-authorized payments, bill payments, Interac Direct Payments, Interac e-Transfer payments, direct deposits and transfers to other accounts. Credits include, without limitation, deposits, pre-authorized payments, bill payments, Interac Direct Payments, Interac e-Transfer payments, and direct deposits and transfers from other accounts (except transfers from CIBC business accounts). Additional charges may apply including, without limitation, Interac e-Transfer, “Items Deposited” and “Currency Supplied” fees where applicable.

⁴ Self-service refers to cheques written as well as transactions performed through an ATM, Point of Sale terminal, ABM-Wallet Combo Depository Service, CIBC Telephone Banking Automated Service, CIBC Business Contact Centre Automated Service, CIBC Online Banking, SmartBanking^® for Business (SmartBanking), CMO, CIBC eDeposit for cash, or CIBC eDeposit for cheques.

⁵ Full-service refers to transactions performed in a CIBC Banking Centre, through a CIBC Telephone Banking representative, through a CIBC Business Contact Centre representative, or through the regular Wallet Depository Service.

⁶ eStatements are available once a month at month end on CIBC Online Banking or based on your preferred statement cycle on CIBC Cash Management Online (CMO). To view eStatements on CIBC Online Banking, you must be a Signatory or Co-Signatory and registered for CIBC Online Banking. To view eStatements on CMO, you must be registered for CMO, entitled to one or more business accounts and entitled to eStatements. Included with CMO monthly Maintenance fee.