CIBC Advantage^® for Youth

Give your child a head start on saving

Get your child started with a savings account that has the benefits of an unlimited chequing account

Enjoy unlimited banking

Get unlimited transactions for no monthly fee.¹

Manage your money from anywhere

It's easy with the CIBC Advantage Debit Card®, CIBC SmartTM Prepaid Visa* Card, CIBC Online Banking® and CIBC Mobile Banking®.

Earn interest

Help your child grow their savings with a competitive interest rate that's calculated daily and paid out monthly.

Get a free SPC membership^†

Save money in-store and online when you shop at over 450 partner brands.

CIBC Advantage for Youth at a glance

Monthly fee

Interest rate²

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Interac e-Transfer^®transactions

Transactions

Free

Unlimited

Fees and details

How do I qualify?

CIBC Advantage for Youth:

You're a Canadian resident age 18 or younger
You're not a full-time student enrolled in college,
university or CEGEP

After you turn 19, CIBC Advantage for Youth automatically converts to the CIBC Premium Growth Account™.

Are you a post-secondary student?

Explore our accounts and services specially designed for full-time students enrolled in college, university or CEGEP

Learn about banking for students

Apply now

Learn how to switch to CIBC

Help your child save for a bright future

Money in a savings jar, toys in the background

Save for tomorrow

Children can start earning interest that's calculated daily and paid monthly. You can help grow their savings by setting up recurring transfers to deposit your child’s allowance.

Hand holding mobile phone, using a pay app

Save, spend and track with ease

With your consent, your child can sign on to our mobile app using a password, Touch ID^® or Face ID^®. It's easy and safe to check account balances, deposit cheques and transfer money with mobile banking.

Learn about CIBC Mobile Banking

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.

A student visiting a CIBC Banking Centre

Plan for the next step

Is your child thinking about post-secondary school? We can help, with student discounts for banking and great lines of credit.

Learn about banking for students

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

Banking how-to guides

Find my documents

Advice

Learn about RESPs

Save for your child's post-secondary education with a Registered Education Savings Plan (RESP).

Learn more

Two hands using a smartphone to take a photo of a cheque for CIBC eDeposit

How to

Use eDeposit^®

Your child can use a mobile device to deposit personal cheques.

Learn more

Advice

Get tips on teaching kids about money

From counting coins to filing income tax, financial literacy is important for children of all ages.

Learn more

Questions?

Top banking questions Opens a new window in your browser.

Need to talk?

Get in touch. We're here to help

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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.

^†To be eligible for a free SPC membership, you must hold an eligible CIBC product at the time you register for the membership, which you must do through CIBC online or mobile banking. Eligible CIBC products include a CIBC Youth or Student bank account, Student credit card or Student line of credit. A complete list of eligible CIBC products can be found at SPC and CIBC. Joint account holders of eligible CIBC products are not eligible for membership. You must also be a legal resident of Canada who is fourteen (14) years of age or over, but under the age of thirty (30) years if the eligible CIBC product you use to qualify for the membership is a student line of credit. The membership will automatically renew and remain in effect for as long as you hold an eligible CIBC product.

Trade-mark/registered trade-mark of Student Price Card Ltd.

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. "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).

²Regular 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'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.

Trademarks

CIBC Advantage® for Youth

Get your child started with a savings account that has the benefits of an unlimited chequing account

Enjoy unlimited banking

Manage your money from anywhere

Earn interest

Get a free SPC membership†

CIBC Advantage for Youth at a glance

Monthly fee

Interest rate2

Interac e-Transfer® transactions

Transactions

How do I qualify?

CIBC Advantage for Youth:

Are you a post-secondary student?

Help your child save for a bright future

Save for tomorrow

Save, spend and track with ease

Bank your way

Plan for the next step

Savings calculator

Help and advice

Lost, stolen or damaged cards

Report fraud

Resources

Advice

Learn about RESPs

How to

Use eDeposit®

Advice

Get tips on teaching kids about money

From counting coins to filing income tax, financial literacy is important for children of all ages.

Need to talk?

CIBC Advantage^® for Youth

Get a free SPC membership^†

Interest rate²

Interac e-Transfer^®transactions

Use eDeposit^®