Available to qualified business clients only.
For information on the terms and conditions for the CIBC Business Operating Account (BOA), refer to Business Account Operating Terms and Agreements (PDF, 360 KB) Opens a new window..
† No purchase necessary. Open to legal residents of Canada who have reached the age of majority in their province or territory and who are founders or co-founders of an eligible Canadian business or venture. Eligible businesses must generally be Canadian-based, independently operated, in good standing and meet the specific requirements of the applicable award category. Eligible applicants must submit an application on or before August 31, 2026, at 11:59 p.m. ET. Applications will be evaluated through a multi-stage judging process, with finalists advancing to a live virtual pitch event on October 20, 2026. 1 winner will be selected in each of the following categories: Entrepreneurial Success Story of the Year ($20,000), Start-Up of the Year ($10,000), Promising Student Entrepreneur of the Year ($10,000) and Most Popular Vote ($5,000). Eligible Applicants can only win in 1 category. Use of artificial intelligence to create or assist with an application is prohibited. Odds of winning depend on the number of eligible applications received and the applicants' skill in meeting the judging criteria. For official terms and conditions, refer to the CIBC Biz Pitch Competition™ 2026 webpage Opens a new window.
◇ Promotional Interest Offer
The following Terms and Conditions explain in detail how promotional interest can be earned on new and existing CIBC Business Investment Growth Accounts. This promotional interest offer is a combined offer, which means the interest earned is a combination of the regular interest rate and the promotional rate (the “Promotional Interest”).
Promotional Offer Period
1. The CIBC Business Investment Growth Account® (the “BIGA”) Promotional Interest Offer (the “BIGA Offer”) begins on September 1, 2026 and continues until November 30, 2026 (the “BIGA Promotional Offer Period”).
Promotional Interest and Regular Interest
2. Promotional Interest is expressed as an annual rate and calculated daily based on your final end-of-day balance. It is credited to your account effective the last business day of each calendar month, and will be reflected in your account and available to you within two business days following the end of the calendar month, based on the following criteria:
- If a BIGA is opened during the BIGA Promotional Offer Period, it is eligible to earn Promotional Interest on the end of day final balance from the date the BIGA is opened for the duration of the BIGA Promotional Offer Period.
- If a BIGA was opened before the Promotional Offer Period, it is eligible to earn Promotional Interest on the portion of the account’s end of day final balance that exceeds the end of day final balance as at August 31, 2026. If a BIGA is overdrawn as at August 31, 2026, Promotional Interest will be applied to new balances after overdrawn funds have been cleared.
- Interest rates and daily closing balance tiers are subject to change without prior notice.
Regular interest (“Regular Interest”) is expressed as an annual rate and calculated daily based on your final end-of-day balance. It is credited to your account effective the last business day of each calendar month, and will be reflected in your account and available to you within two business days following the end of the calendar month. Interest rates and daily closing balance tiers are subject to change without prior notice.
Regular Interest may be referred to as “Daily Credit Interest” and Promotional Interest may be referred to as “Promo Interest” on record keeping (such as CIBC Online Banking).
Regular Interest and/or Promotional Interest (being the combined Regular Interest and promotional rates) are current as of RDS%SYSTEM_DATE(#M# #d#, #Y#)%, and may be changed or withdrawn at any time without prior notice. For the current Regular Interest rate and the Promotional Interest rate visit the CIBC Business Account Rates page.
3. For existing BIGA accounts, the Promotional Interest is earned on the first $5,000,000 in new deposits in excess of the end of day final balance on August 31, 2026. For BIGA accounts opened during the Promotional Offer Period, the Promotional Interest is earned on balances of up to $5,000,000 in new deposits from the date the BIGA account is opened. New deposits in excess of the first $5,000,000 will receive regular annual interest only. If multiple BIGAs are owned by a client, all new deposits made during the promo period will be aggregated, for the purpose of calculating Promotional Interest.
4. Once the BIGA Promotional Offer Period is over, the Regular Interest will apply unless otherwise specified.
Restrictions
5. BIGA and BIGA Offer are available to eligible Small Business, Private Wealth, and Commercial Banking – Independent Business clients.
6. Promotional Interest will not be paid on funds that are transferred during the BIGA Promotional Offer Period:
- From a BIGA opened prior to the BIGA Promotional Offer Period to a BIGA that is opened during the BIGA Promotional Offer Period, or
- From a BIGA opened prior to the BIGA Promotional Offer Period to another CIBC bank account, and then back to a BIGA during the Promotional Offer Period.
General Terms and Conditions for Interest on Deposit Accounts
7. Interest will be 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.
8. Interest rates quoted are annual.
9. Promotional Interest rate is a combination of the Regular Interest rate and a promotional rate.
10. The interest rate for each balance tier applies only to the portion of the balance which is in that tier. Interest rates and balance tiers are subject to change without prior notice.
1 Available to qualified business clients only. Additional fees apply.
Products and their features may change at any time. Get complete information about Business Account Service Fees (PDF, 245 KB) Opens a new window..
2 Monthly fee applies even if there is no account activity. Other fees may apply to the operation of your account. To learn more, refer to pages 8 to 15 in Business Account Service Fees (PDF, 245 KB) Opens 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.
If you perform fewer than the allowed number of transactions in a month, the unused transactions cannot be carried forward to subsequent months.
4 Cheque deposits include cheques, money orders, drafts and all other clearing items. “Items Deposited” charges apply to deposits in excess of the deposit package. To learn more, refer to page 9 in Business Account Service Fees (PDF, 245 KB) Opens in a new window..
5 "Minimum balance” condition is met when the required minimum daily balance is maintained in your Business Operating Account at the end of each calendar day in the billing month. If you maintained the minimum daily balance, your statement will reflect the monthly account fee as a charge and a rebate.
6 Available through CIBC Online Banking. You will need the recipient’s email address to complete the transaction. Only a primary signing authority of a CIBC business account can use Interac e-Transfer. Interac e-Transfer is not available to clients who were issued Convenience Cards prior to 2003. Standard Interac e-Transfer service fees apply for transactions that exceed any quantities included in your account package.
7 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.
8 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.
9 Full-service access fee applies if any full-service transactions are performed in a month.
10 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.
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