† This is a combined bonus and regular annual interest rate paid on new deposits made to a CIBC TFSA Tax Advantage Savings Account®. The bonus and/or regular rates may change at any time without prior notice. The regular interest rate is earned on the full daily closing balance and paid monthly. For eligible accounts opened before the offer period, the bonus rate is earned only on the portion of the account’s daily closing balance that exceeds the closing balance on October 19, 2021. For eligible accounts opened during the offer period, the bonus rate is earned on the full daily closing balance. Bonus interest rate offer expires March 31, 2022. Bonus interest is calculated daily and paid monthly and earned only until March 31, 2022. TFSA holder is solely responsible for knowing what their TFSA contribution room is and not over-contributing, otherwise, penalty taxes may apply. Tax references are based on assumption that tax rules are followed by account holder. Other conditions apply.
Read the full terms and conditions for the CIBC TFSA Tax Advantage Savings Account Bonus Interest Offer (PDF, 90 KB) Opens in a new window..
1 The annual rates shown are for the at-maturity interest payment option and may change without prior notice. Rates are fixed for each GIC’s term. The minimum investment is $500.
Interest calculation: For terms of 1 year or less, simple interest is paid at maturity. For terms over 1 year, compound interest is calculated annually and paid at maturity. If a GIC is redeemed before maturity to transfer funds to the same account type at a different financial institution, no interest will be paid and a transfer fee will apply.
2 The annual rates shown are for the at-maturity interest payment option and may change without prior notice. Rates are fixed for each GIC’s term. The minimum investment is $500.
Interest calculation: Simple interest is paid at maturity. If funds are withdrawn or transferred within 29 days of purchase, no interest will be paid on those funds. If a GIC is redeemed before maturity to transfer funds to the same account type at a different financial institution, no interest will be paid and a transfer fee will apply.
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