Products and their features may change at any time.
This is a general description only. Get complete information about fees here.
1 A transaction includes cheques, withdrawals, transfers, pre-authorized payments, bill payments (including CIBC Credit Cards and CIBC Personal Lines of Credit) and debit purchases. For CIBC eAdvantage Savings Accounts, a transaction does not include transfers to your other CIBC bank account(s) using the transfer function on CIBC Online Banking, CIBC Mobile Banking, CIBC Telephone Banking and at CIBC ATMs. For all accounts, transfers to CIBC-branded loans (excluding CIBC Personal Lines of Credit), mortgages and investments (registered and non-registered) are free. Other fees (in addition to any transaction fee) include: withdrawals from non-CIBC bank machines, Interac e-Transfer transactions (the Interac e-Transfer fee is waived for CIBC Smart Accounts, CIBC PremierService Accounts and for clients who are enrolled in CIBC Advantage for Youth, CIBC Smart for Students, CIBC Smart for Seniors (on the CIBC Smart Account) and CIBC Advantage for Students (on the CIBC Everyday Chequing Account) and transactions in foreign currency (including cheques written in currencies other than the account currency).
2 Excludes stop payments on pre-authorized debits and recurring payments set up using CIBC Advantage Card details. To stop payment on these, you need to contact the merchant, biller or payee directly to instruct them to discontinue applying charges to your account(s) through your CIBC Advantage Card. If you are unsuccessful in resolving the issue, CIBC may be able to work with Visa* to request a refund for you.
3 If you apply for and are approved for CIBC Overdraft Protection Service (COPS), the COPS fee is not applicable, however you will pay interest on any overdraft amount on your account and overlimit fees if applicable. COPS is available on select CIBC personal bank accounts for customers who meet CIBC’s standard credit criteria.
4 CIBC Mutual Funds are offered by CIBC Securities Inc., a wholly-owned subsidiary of CIBC. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus carefully before investing. CIBC Mutual Funds are not covered by Canada Deposit Insurance Corporation or any other government deposit insurer, nor are they guaranteed by CIBC. Mutual fund values change frequently; past performance may not be repeated.
5 Regular interest (“Regular Interest”) is calculated daily at the current rate on each day’s full closing balance and paid monthly.
Interest is credited to your account as of the last business day in the interest period. However, the interest cannot be withdrawn, and will not be printed at branch terminals or at CIBC's Bank Machines or made available through CIBC Telephone or Online Banking, until two business days after the end of the interest period.
Interest rates quoted are annual. Interest rates and balance tiers are subject to change without prior notice.
If you have any questions about our interest rates, call 1-800-465-2422, or visit your local CIBC banking centre today to open an account.