CIBC Savings Accounts
In addition to your day-to-day expenses like shopping, bills and rent, you will have expenses in the future. You may want to visit your home country, buy a new car, or give your child a university education. When you put money into a savings account, you earn interest on that money. The sooner you start to save, the more interest you will earn and the faster your money will grow. To help grow your savings, you can even set up automatic deposits into your account.
CIBC has several savings accounts you can choose from. Interest rates will vary depending on the account’s features.
CIBC eAdvantage Savings Account
Earn a higher interest rate when you have $5,000 or more in your account. The higher the interest, the faster you save. Plus, you can transfer to your other CIBC personal accounts for free when you use CIBC Online Banking, CIBC Mobile Banking, CIBC Telephone Banking and at CIBC ATMs. Interest is calculated on each day’s closing balance and paid monthly.
CIBC Bonus Savings Account
With this type of account, you will earn interest on every dollar, and you will earn a higher interest rate when you have $3,000 or more in your account. Interest is calculated on each day’s closing balance and paid monthly. Plus, you will get one free transaction every month.
CIBC Premium Growth Account
With this type of account, it is easy to start saving. You will earn steady interest on every dollar you put into your account. Interest is calculated on each day’s closing balance and paid monthly.
CIBC US$ Personal Account
If you regularly receive or make payments in U.S. dollars, this may be the right account for you. With this type of account, you can put in or take out U.S. dollars without changing currencies, and earn interest on every dollar. You can take out U.S. cash from any CIBC Banking Centre or CIBC U.S. currency bank machine. There is no monthly fee.