eAdvantage Savings Account — High Interest Savings (2024)

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^†This offer is only available to clients opening their first CIBC eAdvantage® Savings Account (“eSA”). Eligible eSAs will earn a special annual interest rate (the “Special Interest Rate”) on balances up to $1,000,000 for 120 days from the date the eSA is opened (“Special Rate Period”). The Special Interest Rate is a combination of the regular interest rate that applies to your eSA balance tier plus an additional bonus interest rate. Any change to the regular interest rate will result in a corresponding change to the bonus interest rate so that the overall Special Interest Rate will remain the same during the Special Rate Period. Regular interest is calculated daily on each day’s full closing balance and paid monthly to your eSA. Bonus interest is calculated daily on each day’s full closing balance up to a balance limit of $1,000,000 during the Special Rate Period and is paid monthly to your eSA. Both the regular and bonus interest rates are based on the tier your daily closing balance falls within. For current interest rates, visit cibc.com/savingsinterest. Interest rates quoted are annual; regular and bonus rates may change at any time without prior notice. Other conditions apply. For full offer details, review the Terms and Conditions (PDF, 140 KB) Opens in a new window. or visit a CIBC Banking Centre Opens in a new window..

¹Regular interest is calculated daily at the current rate on each day’s full closing balance and paid on the last business day of the month. Your entire account balance earns the rate applicable to the tier your daily closing balance falls within. This interest cannot be withdrawn and will not be printed at branch terminals or bank machines or made available through CIBC Telephone or Online Banking, until the second business day of the following month.

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, call1-800-465-2422 Opens your phone app., or visit aCIBC Banking Centre Opens in a new window..

²Smart Interest is an interest reward earned on the total account balance in your CIBC eAdvantage Savings Account(s) (“eSA(s)”), up to a maximum aggregate balance limit of $200,000 (“Smart Balance Maximum”), each month in which you achieve a total Smart Balance Growth of at least $200 across all your account(s) with the same Unique Ownership Structure (described below).

Determining Smart Balance Growth: Each month we will calculate how much the closing balance on the last business day of the current month,excluding any interest earned and any CIBC fees, has increased over the closing balance on the last business day of the previous month for each of your eSA(s) (“Smart Balance Growth”). You are eligible to earn Smart Interest in a month if your total Smart Balance Growth is at least $200. If you have multiple eSAs, we will use the sum of the Smart Balance Growth in all your accounts with the same Unique Ownership Structure to determine if you qualify and to calculate your Smart Interest.

Unique Ownership Structure– is one or more eSA(s) owned solely by the same owner or owned jointly by the same owners. For example:

i. If you are the sole owner of multiple eSAs (single Unique Ownership Structure), Smart Interest will be calculated on the sum of all your account balances.

ii. If you jointly own one or more eSA(s) with the same joint owners (single Unique Ownership Structure), Smart Interest will be calculated on the sum of all joint account balances.

iii. If you jointly own multiple eSAs with different joint owners (multiple Unique Ownership Structures), Smart Interest will be calculated separately on the sum of all account balances owned jointly by the same owners.

Calculation and Payment of Smart Interest: Smart Interest is calculated daily at the current Smart Interest rate on each day’s full closing balance (up to the Smart Balance Maximum) from the first business day of the month, regardless of which day you qualified, and paid between the first 5 to 7 business days of the following month. If you have multiple eSAs, the Smart Balance Maximum applies across all your accounts with the same Unique Ownership Structure. Smart Interest will be paid to one eSA per Unique Ownership Structure as selected by CIBC. You will have the ability to change the selected account at your discretion provided it remains under the same Unique Ownership Structure. Your eSA must remain active and in good standing to receive Smart Interest.

General:Saturday, Sunday and all provincial and federal holidays are not considered business days. Interest rates quoted are annual. Smart Interest rate, the Smart Balance Growth amount and the Smart Balance Maximum are subject to change without prior notice. If you have any questions about our interest rates, call1-800-465-2422 Opens your phone app., or visit aCIBC Banking Centre Opens in a new window.. CIBC may at any time, without prior notice to you, cancel, change or suspend this bonus interest reward or change these terms and conditions. We may, in our sole discretion, revoke or limit this reward if you are believed to be manipulating or otherwise abusing the process, fairness, integrity or operation of it, or engaging in any suspicious or fraudulent activity. Except as modified, the terms and conditions relating to the eSA you hold remain in full force and effect.

³Atransaction 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 personal bank account(s) and to your CIBC Personal Line(s) of Credit and transfers to your CIBC Credit Card account(s). 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 the2.5%administration fee on the converted amount of foreign currency ATM withdrawals), wire payments,Interace-Transfer transactions (theInterace-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).

⁴Free transfers to your other CIBC personal accounts through CIBC Online Banking, CIBC Mobile Banking, CIBC Telephone Banking and at CIBC ATMs (excludesInterace-Transfer which will be treated as a transaction).

⁵ Only the front of cheques will be imaged.

⁶Available to clients who have:

• Non-registered accounts, except for the CIBC Bank USA Smart Account and CIBC Personal Lines of Credit (PLC) accounts;
• Eligible accounts that are in good standing; and
• A valid mobile number on file with those account

⁷ Currently available on the CIBC Smart^™ Account, CIBC Smart^™ for Seniors, CIBC Smart^™ for Newcomers, and CIBC eAdvantage^® Savings Account.

⁸ Currently available only for iPhone.

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