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Compare the best CIBC savings accounts

Want to open a CIBC savings account? Why not compare your options? Find the highest-earning savings accounts in Canada from multiple banks in seconds.

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CIBC savings accounts

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  1. CIBC eAdvantage Savings Account

    Featured

    4.00%0.90% after 120 days$96 first year return based on$5,000 balance
    Monthly fee
    $0.00
    Transaction fees
    $5.00
    E-transfer
    $5.00
    Interest calculated: daily
    Interest paid: monthly    Minimum balance: $0 Insurance: CDIC eligible

  2. CIBC Tax Advantage Savings Account

    0.50%$25 first year return based on$5,000 balance
    Monthly fee
    $0.00
    Transaction fees
    $0.00
    E-transfer
    $1.50
    Interest calculated: daily
    Interest paid: monthly    Minimum balance: $0 Insurance: CDIC eligible

  3. CIBC RRSP Daily Interest Savings Account

    0.01%$1 first year return based on$5,000 balance
    Monthly fee
    $0.00
    Transaction fees
    $0.00
    E-transfer
    $0.00
    Interest calculated: daily
    Interest paid: annually    Minimum balance: $0 Insurance: CDIC eligible
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The best savings accounts in Canada

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About CIBC

CIBC is one of the Big Five banks in Canada. CIBC has three business units: retail and business Banking, wealth management, and capital markets. As a CIBC client, you can access your account via online banking, CIBC’s mobile solutions, telephone banking, bank machines, and you can also visit one of CIBC’s 1,070 branches located within Canada.

 

Compare CIBC savings accounts

CIBC has a number of savings accounts tailored towards different needs. All accounts listed are insured by the CDIC.

 

CIBC eAdvantage Savings Account

The CIBC Tax Advantage Savings Account is a tax-free savings account that allows you to earn interest on your money immediately and make automatic deposits. You need to make a minimum investment of just $25 to open this account. The account also offers tax-free withdrawals, which can be made at any time.

 

CIBC Tax Advantage Savings Account

The CIBC Tax Advantage Savings Account is a tax-free savings account that allows you to earn interest on your money immediately and make automatic deposits. You need to make a minimum investment of just $25 to open this account. The account also offers tax-free withdrawals, which can be made at any time.

 

CIBC Advantage for Youth

This account is tailored to customers ages 0 to 18. CIBC Advantage for Youth savings account holders receive unlimited transactions and a relatively competitive interest rate compared to other youth account providers.

 

Other CIBC products

CIBC also offers credit cards, mortgages, personal loans, and investment products.

 

Get the best savings account

Banking with CIBC can be simple and convenient as it has more than 1,100 branches across Canada, and provides online, mobile, and telephone banking services. However, if you're looking for other premium interest rates, take a look at our savings account comparison tool which compares rates from banks across the country.

Natasha Macmillan, Business Director of Everyday Banking

With over a decade of experience in the finance industry, Natasha works closely with Canada's top financial institutions - from banks to credit unions - to help Ratehub.ca's 1,200,000 monthly users get matched with the right banking products. read full bio

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