CIBC Bonus Savings Account Info & Reviews

Financial Products > Savings Accounts > CIBC Bonus Savings Account
Detailed information, reviews and ratings for the CIBC Bonus Savings Account.
Useful when comparison shopping for a new canadian savings account.

Information about the CIBC Bonus Savings Account

Product NameCIBC Bonus Savings Account
Available InCanada (All Provinces)
Offered ByCanadian Imperial Bank of Commerce
Product PageCIBC Bonus Savings Account
Interest RateBalance up to $2,999.99: 0.05 %  Interest Rate Decreased from 0.1 % to 0.05 % on July 17, 2015
Balance $3,000.00 or more: 0.1 %  Interest Rate Decreased from 0.15 % to 0.1 % on July 17, 2015

Chart of historical values for the CIBC Bonus Savings Account Tier 1 Rate
  • 1 Year
  • 3 Years
  • 5 Years
  • 10 Years
  • All Data
Minimum Balance$0
Withdrawal Fee$5.00 (1 free/month)
Other Fees1 $5 Debit Transaction Fee is waived per month

Cheque: $5.00
Branch Withdrawal: $5.00
ATM Withdrawal: $5.00
Pre-Authorized Debit: $5.00
Bill Payment: $5.00
Direct Debit: $5.00
Sending Interac e-Transfer: $6.50 ($5.00 + $1.50)
Bank Draft: $12.50 ($5.00 + $7.50)
Money Order: $12.50 ($5.00 + $7.50)
Certified Cheque (requested by payor): $15.00 ($5.00 + $10.00)
Certified Cheque (requested by payee): $20.00 ($5.00 + $15.00)
Account Closing (within 90 days of opening): $20.00
Account Transfer to another financial institution: $19.50

Dormant Account:
2 to 4 years: $20.00/Year
5 to 8 years: $30.00/Year
9 years: $40.00

Non-CIBC Bank Machine Withdrawal: $6.50 ($5.00 + $1.50)
U.S. ATM (Plus Network): $8.00 ($5.00 + $3.00)
International ATM (Plus Network): $10.00 ($5.00 + $5.00)

Bankbook: $2.00/Month
Fund TransfersWithdrawals:
To another CIBC account in your name
Branch Cash Withdrawals
ATM Cash Withdrawals
Pre-Authorized Debit
Bill Payments
Direct Debit
Interac e-Transfer

From another CIBC account in your name
Branch Deposits
ATM Deposits
Interac e-Transfer
Deposit InsuranceCDIC
Please Note: This database is intended to help you explore your options when looking for a financial product. Product features and information can change faster than we can update our database and we cannot guarantee the accuracy of the information in the above table.
Always visit the financial institutions product page and carefully review the information there before making a final decision.

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