† This is a combined bonus and regular annual interest rate paid on new deposits made to a CIBC TFSA Tax Advantage Savings Account®. The bonus and/or regular rates may change at any time without prior notice. The regular interest rate is earned on the full daily closing balance and paid monthly. For eligible accounts opened before the offer period, the bonus rate is earned only on the portion of the account’s daily closing balance that exceeds the closing balance on November 15, 2020. For eligible accounts opened during the offer period, the bonus rate is earned on the full daily closing balance. Bonus interest rate offer expires March 31, 2021. Bonus interest is calculated daily and paid monthly. Other conditions apply. TFSA holder is solely responsible for knowing what their TFSA contribution room is and not over-contributing, otherwise, penalty taxes may apply.
Read the full terms and conditions for the CIBC TFSA Tax Advantage Savings Account offer (PDF, 110 KB) Opens in a new window..
1 The age of majority is 19 in British Columbia, Nova Scotia, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nunavut and Yukon. It is 18 in the other six provinces.
2 If you overcontribute to your TFSA, the extra amount will be taxed at 1% for every month it’s in your TFSA.
3 If a GIC is redeemed before maturity to transfer funds to a TFSA at another financial institution, no interest will be paid and a transfer fee will apply.
4 This does not apply to withdrawals to correct over-contributions.
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