Products and their features may change at any time.
This is a general description only. Get complete information about fees.
‡ Cash reward offer begins on October 17, 2023, at 12:01 am ET. Offer available to Canadian residents, and international students, who meet the eligibility requirements for the CIBC Smart Start or CIBC Smart for Students benefit and, from 2021 to the time of opening the account, are not holders or joint holders of a CIBC chequing account, all as determined by CIBC in its sole discretion. To qualify for this offer, open a CIBC Smart Account with Smart Start or Smart for Students benefits. Within 2 months after the month of opening the account, earn a $100 cash reward when you complete 5 Visa Debit purchases within the same calendar month. Eligibility of transactions will be determined by CIBC in its sole discretion. This offer can be combined with the CIBC Student Refer-a-Friend Program. Offer cannot be combined with any other offer, reward, or rebate unless otherwise indicated by CIBC. The cash reward will be deposited into your account within 7 months after the month that you have opened the account. Other conditions apply. Please review the full Terms and conditions (PDF, 130 KB) Opens in a new window..
1 Entire monthly fee is rebated if you maintain a minimum end of day balance of $4,000 each day in this account. For details, review the CIBC Smart Account fee rebate terms and conditions, part of the Personal Account Service Fees (PDF, 200 KB) Opens in a new window..
2 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 personal bank account(s) and to your CIBC Personal Line(s) of Credit (except Interac e-Transfer® service which will be treated as a transaction) and transfers to your CIBC Credit Card account(s). For all accounts, transfers to CIBC-branded loans (excluding CIBC Personal Lines of Credit), mortgages and investments (registered and non-registered) are free. “CIBC-branded” means any brand that has CIBC in its name. Other fees (in addition to any transaction fee) include: withdrawals from non-CIBC bank machines (for CIBC Smart Plus Accounts, the fee for all non-CIBC ATM withdrawals in Canada, the U.S. and internationally is rebated each month; for CIBC Smart Accounts and for clients enrolled in CIBC Smart Start or CIBC Smart for Students, the fee for 1 non-CIBC ATM withdrawal made in Canada is rebated each month), Interac e-Transfer transactions (the Interac e-Transfer fee is waived for CIBC Smart Accounts, CIBC Smart Plus Accounts and for clients who are enrolled in CIBC Smart Start, CIBC Premium Growth Account with CIBC Advantage for Youth, CIBC Smart for Students, and CIBC Advantage for Students on the CIBC Everyday Chequing Account; clients 65 years of age and older do not pay the Interac e-Transfer fee on any CIBC chequing account) and foreign currency transactions (including cheques written in currencies other than the account currency).
3 Any free or unused transactions cannot be carried forward for use in subsequent months.
4 Saving the monthly fee of $29.95 for the CIBC Smart Plus Account is based on maintaining a minimum daily account balance of $6,000 or eligible Savings and Investments of $100,000. Other terms and conditions apply. For details, review the CIBC Smart Plus Account Fee Rebate Terms and Conditions (PDF, 115 KB) Opens in a new window..
5 Until graduation date plus an additional 6 months, up to a maximum of 4½ years in total. Regular Smart Account fees will apply thereafter.
6 These offers may be changed or withdrawn at any time. Unless otherwise specified, special offers are limited to one per person. Offers apply to newly-issued products only. To be eligible to receive these offers, the customer must present a valid Canadian Work Permit 12 months or greater and request the CIBC Offer for Foreign Workers when applying for a product. Other conditions apply.
◊ This is a combined bonus, regular and Smart annual interest rate offer. The offer only applies to clients opening their first CIBC eAdvantage® Savings Account (“eSA”). Eligible eSAs will earn bonus interest (“Bonus Interest”) for 120 days from the date the eSA is opened, in addition to regular (“Regular Interest”) and Smart Interest (each month in which you save at least $200 across all your account(s) with the same account holders). The Regular Interest rate is based on the tier your daily closing balance falls within. Balances below $25,000 will earn a lower Regular Interest rate resulting in a lower combined offer. Review current interest rates here or ask at any CIBC Banking Centre Opens in a new window.. Regular Interest is calculated daily at the current rate on each day’s full closing balance and paid monthly. Bonus Interest is calculated daily at the current rate on each day’s full closing balance (up to a balance limit of $1,000,000) and paid monthly. Smart Interest is calculated daily at the current Smart Interest rate on each day’s full closing balance (up to a balance limit of $200,000 across all accounts with the same account holders and paid between the first 5 to 7 business days of the following month. Bonus Interest, Regular Interest and Smart Interest rates quoted are annual. Interest rates may change at any time without prior notice. Other conditions apply. For full offer details, review the Terms and Conditions (PDF, 100 KB) Opens in a new window. or visit a CIBC Banking Centre Opens in a new window..
7 Regular interest is calculated daily at the current rate on each day’s full closing balance and paid on the last business day of the month. Your entire account balance earns the rate applicable to the tier your daily closing balance falls within. This interest cannot be withdrawn and will not be printed at branch terminals or bank machines or made available through CIBC Telephone or Online Banking, until the second business day of the following month.
8 Smart Interest is a bonus interest reward earned on the total account balance in your CIBC eAdvantage Savings Account(s), up to a maximum aggregate balance limit of $200,000 (“Smart Balance Maximum”), each month in which you save at least $200 (excluding interest earned) across all your account(s) with the same account holders (“Smart Balance Growth”). Smart Interest is calculated daily at the current Smart Interest rate on each day’s full closing balance (up to the Smart Balance Maximum) and paid between the first 5 to 7 business days of the following month. Smart Interest rate quoted is an annual rate. Smart Interest, the Smart Balance Maximum and the Smart Balance Growth amount may change at any time without prior notice. Other conditions apply. See the full Terms and Conditions available at CIBC Smart Savings.
9 Regular interest is calculated daily at the current rate on each day’s full closing balance and paid monthly. Your entire account balance earns the rate applicable to the tier when the final balance falls in any of the first 4 tiers. On the final tier, the rate applies only on the portion of the balance in that tier. This interest cannot be withdrawn and will not be printed at branch terminals or bank machines or made available through CIBC Telephone or Online Banking, until the second business day of the following month
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 Opens your phone app., or visit a CIBC Banking Centre Opens in a new window..
10 Interest is calculated on the full daily closing balance and is paid monthly. The interest rates quoted are annual rates. Interest rates may change at any time without prior notice.
11 Until age 25 and then regular Smart Account fees will apply.
12 Currently available on the CIBC Smart™ Account, CIBC Smart™ for Seniors, CIBC Smart™ for Newcomers and CIBC eAdvantage® Savings Account.
13 Interest rates quoted are annual. Interest rates and balance tiers are subject to change without prior notice
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