Save for home ownership with CIBC Savings

Get tax benefits

Your FHSA contributions may reduce your taxable income. You can contribute up to $8,000 annually and up to $40,000 over your lifetime.

Learn more about the FHSA contribution limits

Access your money any time

Easily move your savings into other investments such as GICs or mutual funds. Withdraw your money tax-free when you use your FHSA towards the purchase of a qualifying home.


Grow your savings tax-free

Interest is calculated on your full daily closing balance and is paid monthly. Maximize your contributions when you set up automatic deposits.

Learn more about automatic deposits

CIBC Savings at a glance

About CIBC Savings

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How do I qualify?

Ready to start saving?

Your CIBC Savings questions answered

CIBC is a member of Canada Deposit Insurance Corporation (CDIC). CIBC Savings is eligible for CDIC coverage.