The CIBC Bonus Savings Account is the right account for you if you have $3,000 or more to save; want to earn interest on every dollar you have saved; easy access to your money at anytime; and have funds on hand for emergencies.
The fees for the CIBC Bonus Savings Account are for any transactions done on the account after your 1 free transaction given to you each month. Each additional transaction will cost you $5.
Transactions include withdrawals, pre-authorized payments, bill payments, transfers to another account and INTERAC direct payment purchases.
You have 24 hour access to your account through CIBC Online Banking, CIBC Instant Teller locations, CIBC Telephone Banking and INTERAC Direct Payment.
You can choose the record keeping of your choice which suits you best at no charge. This includes using a bankbook, basic monthly or quarterly statements or the paperless option.
Your CIBC Bonus Savings Account comes with a CIBC Convenience Card.
The CIBC Bonus Savings Account interest rate is 0.75% when your balance is $3,000 or more; when it is below $3,000 the interest rate is 0.10%.
If you are interested in applying for the CIBC Bonus Savings Account, click here.