Canadian Imperial Bank of Canada (CIBC) has introduced a great savings account for anyone to apply for.
This savings account I am talking about is the CIBC eAdvantage Savings Account, and it will allow you to maximize your savings by paying high interest when you balance is $5,000 or more.
The CIBC eAdvantage Savings Account is for you if you:
- Want to maximize your savings because you have larger savings goals
- Want to access and manage your funds online
- Want to save towards a major purchase
- Want to create an emergency fund
- Want to have easy access to your money anytime.
You are able to earn CIBCs best non-registered savings account rate when your balance is $5,000 or more, and interest is calculated on each day`s final balance and paid monthly to you.
You are able to transfer money to your other Canadian dollar CIBC personal bank account; of course this excludes Interac Email Money Transfers, because they are treated as transactions.
For your convenience, you have 24 hour access to your CIBC eAdvantage Savings Account, whether you go online, an ABM, telephone or Interac Direct Payment.
You receive a CIBC Convenience Card when you open a CIBC eAdvantage Savings Account which allows you to make everyday purchases.
You should be aware that for each transaction you make, I will cost $5.
To avoid this cost, transfer money into a Canadian dollar CIBC Personal Banking account, and spend money from there.
This is a great saving account for anyone who wants to earn a good deal of interest while having great access to their funds.