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SAVINGS ACCOUNTS

CIBC eAdvantage® Savings Account

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

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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

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Earn high interest on

every dollar

Monthly fee

$0

Transactions³

$5.00 each

Fees and details

How do I qualify?

CIBC eAdvantage Savings Account:

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Saving more is easy

Reach your savings goals sooner

ETransfer 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

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.

Get expert advice

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

Learn about our expert advice

Deposit cheques in a snap

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

Learn about CIBC eDeposit®

Get an alert before you’re overdrawn

CIBC Smart Balance Alert™, ⁵ gives you a heads-up when your account is short on funds. That gives you time to make a transfer and avoid a non-sufficient funds (NSF) fee and a declined payment.

Learn more about CIBC Smart Balance Alert

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

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(Canada and U.S.)

514-861-9898Opens your phone app.
(Elsewhere)

Report fraud

1-800-465-2422Opens your phone app.
(Canada and U.S.)

902-420-2422Opens your phone app.
(Elsewhere)

Learn how to make your banking safer

Resources

Register for online and mobile banking

Banking how-to guides

Find my documents

How to

Save on bank account fees

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Advice

Plan for retirement

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How to

Transfer your money

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Learn more

Questions?

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Need to talk?

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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 Opens your phone app 1-800-465-2422Opens your phone app., 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 personal bank account(s) and to your CIBC Personal Line(s) of Credit (except same-day transfers done over-the-counter in CIBC Banking Centres 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 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.

⁵ Available to clients who have:

Non-registered accounts, except for the CIBC Bank USA Smart Account and CIBC Personal Lines of Credit (PLC) accounts;
Eligible accounts that are in good standing; and
A valid mobile number on file with those accounts