Bank accounts

Savings accounts

Grow your savings, earn interest and invest in tomorrow. Find the best savings account for your needs. Apply in 5 minutes or less.

First Home Savings Account (FHSA)

CIBC Savings

Start saving for your first home, tax-free. Access your money anytime and earn interest on your FHSA contributions.

CIBC eAdvantage® Savings Account

Special offer

Get RDS%rate[3].CESA.Published(null,0.0_and over_0.0_CAD_Bonus,1,1)(#O2#)% for 4 months when you open your first account. Limits apply.

Offer details


Regular Interest¹: RDS%rate[3].CESA.Published(null,0.0_-_9999.99_CAD_Balance,1,1)(#O2#)%  to RDS%rate[3].CESA.Published(null,500000.0_and over_0.0_CAD_Balance,1,1)(#O2#)%

Review current interest rates

Smart Interest²: RDS%rate[3].CESA.Published(null,0.0_-_200000.0_CAD_Smart Int,1,1)(#O2#)% on balances up to $200,000 when you save $200 or more a month (limits apply)  Learn about Smart interest. Opens in a dialog.

Monthly fee: $0

Transactions3: $5.00 each

CIBC US$ Personal Account


Deposit, withdraw and save your U.S. dollars.


Regular Interest4RDS%rate[3].CUPA.rate(null,0.0_up to_2999.99_CAD_Balance,1,1)(#O2#)% to RDS%rate[3].CUPA.rate(null,60000.0_and over_0.0_CAD_Portion,1,1)(#O2#)%

Review current interest rates

Monthly fee: $0

Transactions3: $0.75 US each

CIBC TFSA Tax Advantage Savings Account®

Access your money anytime and set up recurring deposits to grow your savings faster.


Regular interest: RDS%rate[4].TASATF.Published(null,5000.0_-_24999.99_CAD_Balance,1,1)(#O2#)%5

Monthly fee6$0

Minimum investment: $25

CIBC RRSP Daily Interest Savings Account


Build your retirement savings with guaranteed principal and interest.


Interest rate: RDS%rate[4].DISA.Published(null,5000.0_-_24999.99_CAD_Balance,1,1)(#O2#)%5

Monthly fee6$0

Minimum investment: $25

What is a CIBC savings account?

A savings account is a bank account where you can deposit money for future use. Earn competitive rates and grow your money faster.

Open a savings account online

Open an account from the comfort of your home. Our online application is safe, secure and only takes a few minutes to complete.

Why should I open a CIBC savings account?

Our savings accounts come with lots of benefits. Discover everything your new account has to offer.

Add a savings goal in CIBC Online Banking® to help you save for vacations, renovations and more.

Set up automatic transfers with AutoSave in less than 1 minute and quickly turn a little into a lot. Learn how to get started on setting up recurring transfers.

There's no monthly fee and no minimum balances. You earn interest on every dollar.

Manage your accounts the way you like with top-ranked online and mobile banking, plus one of the largest ATM networks across Canada.

Forgot about that payment? With CIBC Smart Balance Alert™, we’ll text you so you can avoid a non-sufficient funds fee and a declined payment.

Learn more about Smart Balance Alert

Don’t wait. Apply online and access your bank account instantly so you can transfer funds, start saving and more from day one.

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Create healthier financial habits with CIBC Insights

Manage your daily spending and grow your savings with help from CIBC Insights — a tool included in the CIBC Mobile Banking App® that offers tailored tips based on your debit and credit card activity.

Learn about CIBC Insights

How to

Manage your account


Save for the future


Tax-saving tips

Your savings account questions answered