Youth

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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#)%

All ratesfor C I B C personal bank accounts

Banking fees

Monthly fees	None
Transactions Cheques Withdrawals (including ATM) Transfers Pre-authorized payments Bill payments (including CIBC Credit Cards and CIBC Personal Lines of Credit) Debit purchases	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.

Personal Account Service Fees (PDF, 510 KB)

Additional Service Fees

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Bank when you like - we're open longer at many of our 1,100+ banking centres

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One of the largest bank machine networks in Canada for quick and easy access to your cash

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Bank on the go, with award-winning mobile and online access

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This is a general description only. For complete information about fees, refer to the service fee disclosure brochure Personal Account Service Fees (PDF, 510 KB).

¹ 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. Other fees (in addition to any transaction fee) include: withdrawals from non-CIBC bank machines, Interac e-Transfer transactions (the Interac e-Transfer fee is waived for CIBC Smart Accounts, CIBC PremierService 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).

² “Paperless” record keeping is a paper-free alternative to statements and bankbooks. This option enables customers to track account activity online or by phone or CIBC bank machine. Please note, no printed statements will be sent to customers selecting this option. Customers must review their account transactions through CIBC Online or Mobile Banking, CIBC Telephone Banking or CIBC bank machines at least once every 30 days and examine all entries and balances at that time. If there are any errors, omissions or irregularities, customers must notify CIBC in writing within 60 days after the date on which the entry was, or should have been, posted to the account. Banking activity that occurred prior to Online Banking registration will not be available in the Online or Mobile Banking transaction history.

Trademarks

Give your child’s savings a head start with competitive interest

CIBC Advantage® for Youth

Benefits

Help your child save for the future and learn about managing money

Rates and fees

Interest

Banking fees

Why CIBC

Get started

Save your recently viewed products

Need to meet?