Compare the Best CIBC Senior Savings Accounts

Are you a senior and looking to take advantage of the discount options available for your bank account? Senior bank accounts are often no fee, or heavily discounted to accommodate presumed lower incomes, with additional benefits varying by provider. Input your estimated balance, then compare and find the best rate available for you!

Interest Rate Bank account Included Additional fees 1st year return
0.1% 2 withdrawls or transfers
$2
Transaction
$2
Internal transfer
$5 Get this rate Get more details
Interest rate tiers tiered interest rate
View details
N/A
Transaction
N/A
Internal transfer
Get this rate

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.

CIBC Premium Growth Account for Seniors

The CIBC Premium Growth Account for Seniors pays a modest interest rate, has no monthly fees and you can receive Interac e-Transfers at no cost. You also get two free transactions a month but have to pay $1.50 for each additional transaction. The CIBC Premium Growth Account for Seniors is only available for those aged 60 or older.

CIBC Premium Growth Account

The CIBC Premium Growth Account is a simple savings account that’ll earn you moderate interest on the money you deposit into this account. Transactions including withdrawals, transfers, payments, and debit purchases are subject to transaction fees but there are no monthly fees.

CIBC Bonus Savings Account

The CIBC Bonus Savings Account has no monthly fees and requires no minimum balance. If you’re looking to earn a little bit more interest with a CIBC savings account, the interest rate for the CIBC Bonus Savings Account will double if you keep a minimum balance of $3,000. Similar to the CIBC Premium Growth Account, many transactions will be subject to service fees, but the CIBC Bonus Savings Account will give you one free transaction each month.


Compare 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.


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