Important news about your CIBC Mutual Fund Account

CIBC Investment Account details are available through online banking where you’ll find a consolidated view of your CIBC Investment accounts, trade confirmations and you’ll have access to all your documents and electronic statements in My Documents.

Your new CIBC Investment Account statements are available online in My Documents regardless of your selected mailing preferences. Online statements are available for up to 7 years and you can print or save copies to your computer if you want to keep them longer. If you’re currently receiving statements by mail and no longer want to, you can change your mailing preferences by signing on to online banking, going to "Statement preferences,” and then selecting “Edit preferences.”

Your new CIBC Investment Account will allow you to hold CAD and USD cash, CIBC and Renaissance Mutual Funds and CIBC GICs all within the same account.

CIBC Investment Account statements have been enhanced so that all account statements will be mailed together and have a summary page with a consolidated view of your CIBC Investment accounts. The new statements will also include the following:

• Activity summary
• Investment performance
• Investment profile
• Accounts broken down by asset class
• Investment details grouped by currency (CAD and USD only), including Book Value
• Contribution and withdrawal information for registered accounts
• Detailed transaction summary, broken down based on currency
• Annual fee summary 

View sample statement (PDF, 220 KB) Opens in a new window.

The cash in your CIBC Investment Account will be used to settle any purchases, as long as the money is in your CIBC Investment Account before the transaction take place. Allow up to one business day for the money to move from your CIBC Bank Account to your CIBC Investment Account, and vice versa. 

Going forward, the money from the sale of a mutual fund will be deposited to your CIBC Investment Account and can be transferred to your CIBC Bank Account after the settlement date. 

Take note of the following settlement periods that reflect current industry standards:

• 1 business day (Transaction day plus 1 business day) settlement for all money market type mutual funds
• 2 business days (Transaction day plus 2 business days) settlement for all other mutual funds

Effective May 27 in Canada and May 28 in the U.S., North American markets are moving to a settlement period of 1 business day (Transaction day plus 1 business day) from the current 2 business days standard. The money from the sale of a mutual fund will be deposited to your CIBC Investment Account in 1 business day instead of 2.