Accessibility Quick Links

Skip to Online Banking
Skip to Content
Skip to Navigation

Savings accounts

CIBC eAdvantage® Savings Account

Maximize your savings with a high interest rate on every dollar you save.

Ready. Set. Grow your savings

Free transfers
Transfer money for free between your CIBC personal bank accounts using online, mobile or telephone banking, or at any CIBC ATM.²

Boost your savings
Earn a high interest rate on every dollar you save.

CIBC eAdvantage Savings Account at a glance

Interest rate

RDS%rate[3].CESA.Published(null,5000.0_and over_0.0_CAD_Balance,1,1)(#O2#)%

Earn high interest on

every dollar

Monthly fee

$0

Transactions³

$5.00 each

Fees and details

How do I qualify?

CIBC eAdvantage Savings Account:

You're a Canadian resident and you've reached the age of majority in your province or territory Learn about the age of majority. Opens a popup.

Apply now

Learn how to switch to CIBC.

Saving more is easy

Dollar bill folded into a paper plane flying through the sky

Reach your savings goals sooner

Transfer money for free between your CIBC personal bank accounts using online, mobile or telephone banking, or at any CIBC ATM.²

Set up recurring transfers between your accounts to reach your savings goals sooner.

Learn how to check your balance and make transfers

A laptop and smartphone for online and mobile banking

Bank your way

Bank when, where and how you want with CIBC Online Banking^® and our award-winning CIBC Mobile Banking^®App. We deliver the access you expect with nearly 4,000 ATMs across Canada.

Percy Penguin meeting with a CIBC financial advisor

Get expert advice

Invest in yourself with expert guidance. We can help steer your finances in the right direction.

Learn about our expert advice

Hands taking a photo of a cheque using a smartphone

Deposit cheques in a snap

Use your mobile device to deposit personal or business cheques.⁴

Learn about CIBC eDeposit®

Savings calculator

Find out how long it may take to reach your savings goal. We'll also give you tips on how to grow your savings faster.

Calculate savings

Help and advice

Lost, stolen or damaged cards

1-800-663-4575
(Canada and U.S.)

514-861-9898
(Elsewhere)

Report fraud

1-800-465-2422
(Canada and U.S.)

902-420-2422
(Elsewhere)

Learn how to make your banking safer

Resources

Register for online and mobile banking

Banking how-to guides

Find my documents

Money falling into a jar

How to

Save on bank account fees

^{Find the right product and learn how to reduce your everyday banking fees.}

Learn more

Retired couple sits together on a tropical beach

Advice

Plan for retirement

^{It's never too early to start planning and saving so you can retire comfortably.}

Learn more

Dollar bill folded into a paper plane flying through the sky

How to

Transfer your money

^{Set up recurring transfers between your accounts to meet your savings goals faster.}

Learn more

Questions?

Top banking questions Opens a new window in your browser.

Need to talk?

Get in touch. We're here to help

Meet with usOpens a new window in your browser.

Contact usOpens a new window in your browser.

Call usOpens a new window in your browser.

CDIC badge. Opens a new window in your browser.

CIBC is a member of Canada Deposit Insurance Corporation (CDIC)

Products and their features may change at any time.

This is a general description only. Get complete information about fees.

¹ Regular interest (“Regular Interest”) is calculated daily at the current rate on each day’s full closing balance and paid monthly. The regular interest rate is paid on the full daily closing balance.

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 come into your local CIBC branch today to open an account.

² Free transfers to your other CIBC personal accounts through CIBC Online Banking, CIBC Mobile Banking, CIBC Telephone Banking and at CIBC ATMs (excludes Interac e-Transfer which will be treated as a transaction).

³ 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. "CIBC-branded” means any brand that has CIBC in its name and is offered by CIBC or its Canadian affiliates (and does not include CIBC Bank USA). Other fees (in addition to any transaction fee) include: withdrawals from non-CIBC bank machines (rebated for CIBC Smart Plus Accounts except the 2.5% administration fee on the converted amount of foreign currency ATM withdrawals), wire payments, 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 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).

⁴ Only the front of cheques will be imaged.