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.

CIBC eAdvantage® Savings Account


Bonus rate

Get rewarded for saving, plus bonus interest for 4 months when you open your first account. Limits apply.


 

Regular Interest¹: RDS%rate[3].CESA.Published(null,5000.0_and over_0.0_CAD_Balance,1,1)(#O2#)% on all balances

Smart Interest²:  Learn about Smart interest. Opens in a dialog. RDS%rate[3].CESA.Published(null,0.0_up to_200000.0_CAD_Smart Int,1,1)(#O2#)% on balances up to $200,000 when you save $200 or more a month (limits apply)

Monthly fee: $0

Transactions3: $5.00 each

CIBC US$ Personal Account


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


 

Interest rate: RDS%rate[3].CUPA.Published(null,0.0_up to_2999.99_CAD_Balance,1,1)(#O2#)% on any balance4

Monthly fee: $0

Transactions3: $0.75 US each

CIBC TFSA Tax Advantage Savings Account®

 

Extended offer

Earn RDS%rate[4].TASATF.Published(null,5000.0_-_24999.99_CAD_Balance,1,1)(#O2#)% + %rate[4].TASATF.Published(null,5000.0_-_24999.99_CAD_Bonus,1,1)(#O2#)% on new deposits, tax-free.

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


 

Interest rate: 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

 

Extended offer

Earn RDS%rate[4].DISA.Published(null,5000.0_-_24999.99_CAD_Balance,1,1)(#O2#)% + %rate[4].DISA.Published(null,5000.0_-_24999.99_CAD_Bonus,1,1)(#O2#)% interest on new deposits.

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

Advice

Save for the future

Advice

Tax-saving tips

Your savings account questions answered