Products and their features may change at any time.
This is a general description only. Get complete information about fees.
† The Premium Interest Rate Offer (the “Offer”) provides CIBC clients who hold both the CIBC US$ Personal Account and the CIBC Bank USA Smart™ Account offered by CIBC Bank USA bonus interest on their CIBC US$ Personal Account. The Offer starts on September 6, 2018. Read full offer details (PDF, 110 KB) . For eligibility requirements and other terms for the CIBC Bank USA Smart Account, review the account details on the CIBC Bank USA website. Interest rates are annual and may change at any time without prior notice. Interest is calculated daily on each day’s closing balance and paid monthly.
1 Regular interest (“Regular Interest”) is calculated daily at the current rate on each day’s full closing balance and paid monthly.
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 However, the interest cannot be withdrawn, and will not be printed at branch terminals or at CIBC ATMs or made available through CIBC Telephone or Online Banking, until two business days after the end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 Banking Centre today to open an account.
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 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).
U.S. and other foreign currency deposits are not insured by Canada Deposit Insurance Corporation. For a complete listing of CDIC eligible CIBC Deposits see CDIC Deposit Insurance Information.
3 Only the front of cheques will be imaged.