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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The best savings accounts in Canada
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EQ Bank
3.00%Features of chequing without any of the fees
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Simplii Financial ™
4.50%From Oct 1st 2025, Get a special interest rate, earn 4.50% interest rate on your first Simplii Financial High Interest Savings Account for the first 5 months. Only on eligible deposits up to $200,000. Terms apply. Offer ends on Jan 31st, 2026.
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Tangerine
4.50%Special Offer: Save with Tangerine at a great 4.50% interest rate for 5 months. You’ll earn it in your first Tangerine Savings Account and on other Savings Accounts you open during that time period, too – including TFSA and RSP Accounts.
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Oaken Financial
2.80%Oaken Financial Savings Account
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Ratehub Staff
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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