top of page

Accounts and Fees

In this section, there will be information based on three saving accounts and three  chequing accounts.

Saving Accounts

Premium Growth

 

Features/Account Benefits:

 

Benefits:

 

-No minimum balance required to earn interest

 

-Earn a competitive 0.20% interest rate on every dollar you save

 

-Interest is calculated daily and paid monthly

 

-Get 24-hour access to your account with the CIBC Advantage Debit Card™

Interests/Fees:

 

Interest:

 

Daily Closing $ Balance               Interest Rate

All balances                                   0.20%

 

Banking Fees:

 

Monthly fees: None

 

Transactions: $1.50 per transaction

 

- Cheques

 

- Withdrawals (including ABM)

 

- Transfers

 

- Pre-authorized payments

 

- Bill payments (including CIBC Credit Cards and

CIBC Personal Lines of Credit)

 

- Debit purchases

 

Personalized cheques available Fees apply:

 

-Sending INTERAC e-Transfer™ $1.50 each + transaction fee, if applicable

 

-Receiving INTERAC e-Transfer Free

 

-Non-CIBC bank machine withdrawal $1.50 each + transaction fee

 

Account inquiries: Free

 

-Monthly statement: $2.00/month

 

-Quarterly statement: $0.50/month

 

-Monthly statement with cheques imaged: $2.50/month

 

-Interim statement: $4.50 each

 

-Bankbook record keeping: $2.00/month

 

-Paperless record keeping: Free

 

eAdvantage Savings

 

Features/Account Benefits:

 

Benefits:

 

-Balance is $5,000 or more: earn 2.00% interest on new deposits 

 

-Free online transfers to your other CIBC personal bank accounts

 

-24-hour access to your account

Interests/Fees:

 

Interest:

 

When your balance: You earn an interest rate of

         $5,000 or more: 1.05%

          Bonus Interest: 0.95% (on new deposits)                                                           

Fees:

Monthly Fees: NONE

 

Paperless record-keeping: FREE

 

Online transfers to other CIBC personal

accounts: FREE

 

Account inquiries: FREE

 

Receiving INTERAC e-Transfers®: FREE

 

Sending INTERAC: e-Transfers $1.50 each + transaction fee, if applicable

 

- Non-CIBC bank machine withdrawal

 

Transactions:

 

- Cheques

 

- Withdrawals (including ABM)

 

- Transfers $5 each for transactions

 

 

- Pre-authorized payments

 

- Bill payments

 

- Debit purchases

Bonus Savings

Features/Account Benefits:

 

Benefits:

 

-Earn 0.25% interest rate when your balance is $3,000 or more

 

-Get 1 free transaction per month.

 

-Additional transactions are $5 each

 

-Interest calculated each day’s final balance; paid to you monthly

 

-Enjoy free paperless record keeping

 

-Get 24-hour access to account with CIBC Advantage Debit Card™

Interests/Fees:

 

Interest:

Daily Closing $ Balance:                 Interest Rate

Balance up to $2,999.99:                   0.10%

Balance $3,000.00 or more:             0.25%

 

Banking Fees:

 

Monthly fees: None

 

Transactions:

 

-1 free transaction per month 

 

-$5 for each additional transaction

 

- Cheques

 

- Withdrawals (including ABM)

 

- Transfers

 

- Pre-authorized payments

 

- Bill payments (including CIBC Credit Cards and

CIBC Personal Lines of Credit)

 

- Debit purchases

 

-Sending INTERAC e-Transfer™: $1.50 each + transaction fee, if applicable

 

-Receiving INTERAC e-Transfer: Free

 

-Non-CIBC bank machine withdrawal: $1.50 each + transaction fee, if applicable

 

-Account inquiries: Free

 

-Monthly statement: $2.00/month

 

-Monthly statement with cheques imaged: $2.50/month

 

-Quarterly statement: $0.50/month

 

-Interim statement: $4.50 each

 

-Bankbook record keeping: $2.00/month

 

-Paperless record keeping: Free

Chequing Accounts

Unlimited Chequing

Features/Account Benefits:

 

Benefits:

 

Account essentials

 

  • Unlimited transactions

 

  • No minimum balance

 

  • Account statements online for quick retrieval and paperless record keeping

 

 

Around-the-clock account access

 

  • Bank machines

 

  • Telephone banking (24/7)

 

  • Online banking

 

  • Mobile banking

 

Plus weekend and extended branch hours

 

Around-the-world peace of mind

 

-Shop at stores in the U.S.,internationally,  online, by phone or by mail 

Interests/Fees:

 

Low-cost banking

 

-CIBC Homeowner™ Banking Bundle: get 30% on monthly fee 

 

Rates and Fees: 

 

Monthly Fees: $13.95

 

Transactions

 

  • Cheques: Unlimited

 

  • Withdrawals (including ABM)

 

  • Transfers

 

  • Pre-authorized payments

 

  • Bill payments (including CIBC Credit Cards and CIBC Personal Lines of Credit)

 

  • Debit purchases

 

-Sending INTERAC e-Transfers™: 2 free per month and $1.50 thereafter + transaction fee, if applicable

 

-Receiving INTERAC e-Transfers: Free

 

-Non-CIBC bank machine withdrawal: $1.50 each + transaction fee, if applicable

 

-Account inquiries: Free

 

-Paperless record keeping: Free

 

-Monthly statement: $2.00/month

 

-Quarterly statement: $0.50/month

 

-Bankbook record keeping: $2.00/month

 

-Monthly statement with cheques imaged: $2.50/month

 

-Interim Statement: $4.50 each

 

EverydayPlus Chequing

Features/Account Benefits:

 
Benefits: 
 
Low-cost banking

CIBC Homeowner™ Banking Bundle: Get 50% on monthly fee

 

Account essentials:

  • 25 transactions included per month ($1 for each additional transaction over 25)

  • No minimum balance

  • Account statements online for quick retrieval and paperless record keeping

 

 

Around-the-clock account access: 

  • Bank machines

  • Telephone banking (24/7)

  • Online banking

  • Mobile banking

  • Plus weekend extended branch hours

 

Around-the-world peace of mind:

 

-Shop at stores in the U.S., internationally, online, by phone or by mail

Interests/Fees:

 

Rates and Fees:

 

Monthly Fees: $9.95

 

Transactions: 

 

-Per month: 25 transaction

 

-$1 for additional transaction

 

  • Cheques

 

  • Withdrawals (including ABM)

 

  • Transfers

 

  • Pre-authorized payments

 

  • Bill payments (including CIBC Credit Cards and CIBC Personal Lines of Credit)

 

  • Debit purchases

 

Sending INTERAC e-Transfers™: 1 free per month and $1.50 thereafter + transaction fee, if applicable

 

Receiving INTERAC e-Transfers: Free

 

Non-CIBC bank machine withdrawal: $1.50 each + transaction fee, if applicable

 

Account inquiries: Free

 

Paperless record keeping: Free

 

Monthly statement: $2.00/month

 

Quarterly statement: $0.50/month

 

Bankbook record keeping: $2.00/month

 

Monthly statement with cheques imaged: $2.50/month

 

Interim Statement: $4.50 each

Everyday Chequing

Features/Account Benefits:

 

Benefits:

 

  • 10 FREE transactions included per month

 

  • $1 for each additional transaction

 

  • No monthly fee- maintain a monthly balance of $1,000 or more

 

  • CIBC Homeowner™ Banking Bundle: get 50% back on the monthly fee 

 

  • CIBC Advantage Debit Card®: Shop at home, around the world, online

Interests/Fees:

 

Rates and Fees:

 

Monthly Fees:

 

-$3.90 (Waived when maintain a $1,000 minimum balance)

 

Transactions: 

 

-10 free per month

 

-$1 for each additional transaction

 

  • Cheques

 

  • Withdrawals (including ABM)

 

  • Transfers

 

  • Pre-authorized payments

 

  • Bill payments

 

  • Debit purchases

 

  • Sending INTERAC e-Transfers:$1.50 each + transaction fee, if applicable

 

  • Non-CIBC bank machine withdrawals:$1.50 each + transaction fee, if applicable

bottom of page