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Benefits
Help your child save for the future and learn about managing money
This account offers:
- Unlimited transactions, including free Interac e-Transfer service
- A competitive interest rate calculated on each day's final balance and paid monthly
- A CIBC Advantage Debit Card® that, with your consent, allows access to the account through banking centres, bank machines, CIBC Telephone Banking, CIBC Online Banking®, CIBC Mobile Banking® and the Interac* network
- Free record-keeping options are available including paperless2
Rates and fees
Interest
Daily Closing $ Balance |
Interest Rate |
All Balances |
RDS%rate[3].CBPGA.rate(null,0.0_and over_0.0_CAD_Balance,1,3)(#R#)% |
Banking fees
Monthly fees |
None |
Transactions
|
Unlimited |
Sending money through Interac e-Transfer |
Free |
Receiving money through Interac e-Transfer |
Free |
Non-CIBC bank machine withdrawal |
$2.00 each plus transaction fee, if applicable |
Account inquiries |
Free |
Paperless record keeping2 |
Free |
Please note: Once the accountholder turns 19, the account is no longer eligible to earn premium interest for youth, and standard fees will automatically apply. Before turning 19, the accountholder should visit a CIBC Banking Centre to discuss the right bank account to meet his or her needs.
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