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Canadian Imperial Bank Of Commerce Deposits of february 2023

Open a deposit at CIBC verified by our specialists. On 08.02.2023 15 deposits are available to you.

Offers: 15

Updated
05.01.2023
17:11
CIBC Everyday® Chequing Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$4.00 monthly fee
CIBC Smart™ Start
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

CIBC Smart™ Plus
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

up to $29.95 monthly fee
CIBC RRSP Daily Interest Savings Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$25 minimum deposit
Rate
i

Effective interest rate on the product

0.35%
CIBC TFSA Tax Advantage Savings Account®
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$25 minimum deposit
Rate
i

Effective interest rate on the product

0.75%
CIBC Smart™ Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

up to $16.95 monthly fee
CIBC U.S. Dollar Current Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$6.00 US monthly fee
CIBC Not-for-Profit Operating Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

up to $4.00 monthly fee
CIBC Unlimited Business Operating Account®
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

up to $65 monthly fee
CIBC Advanced Business Operating Account™
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

up to $35 monthly fee

Other types of deposits

GoDay
1.6
JUDGEV
JUDGEV
26.05.2022 at 15:46
the application is easy and takes less then 5 mins to fill out. but the funding time is quite long. if looking for instant funding then its not here...
Review
Canadian Imperial Bank Of Commerce Deposits of february 2023

Types of CIBC deposits

Canadian Imperial Bank Of Commerce offers a wide range of savings accounts for accumulating funds for short-term goals and chequing accounts for everyday finance operations.

Savings accounts don't have a monthly fee, you make payments only when you make transactions. But other fees such as Non-sufficient funds (NSF) fees may apply.

CIBC Savings accounts include:

  1. CIBC eAdvantage® Savings Account with an interest rate of 0.80% on all balances and additional "Smart interest" of 0.75% on balances up to $200,000 when you save over $200 per month. Available for four months after the first time account's opening. Transactions cost $5.00 each.
  2. CIBC TFSA Tax Advantage Savings Account® with a minimum investment of $25 you get a rate of 0.50%. There is no fee for interest or investment income. It allows you to keep and save money as long as you want, make tax-free withdrawals, and re-contribute the amount you’ve withdrawn next year or later. The limit is $6,000.
  3. CIBC RRSP Daily Interest Savings Account (DISA) offer with a rate of 0.35% for a minimum investment of $25. It guarantees principal and interest and lets you use your money when you need it.
  4. CIBC US$ Personal Account lets you deposit and withdraw USD without converting currencies. The rate is 0.25% on any balance, and the cost for transactions is $0.75 US each. You may use cheques in US dollars and withdraw them from any branch or U.S. currency ATMs in Canada.
  5. option with rates 1-1.10%. No minimum balance.

        Chequing accounts have options for different Canadians and foreign citizens with various needs and budgets:

        1. CIBC Everyday® Chequing Account is a basic option without fee rebate.
        2. CIBC Smart™ accounts are available with features for customers under 25, students, seniors, newcomers, and foreign workers, and might have fee rewards or lower fee offers.
        3. CIBC Smart™ Plus Account is an offer combined with eligible credit cards and additional options.
        4. Different business operating accounts with a variety of monthly fees and minimum balances for businesses of all sizes.

          Requirements

          You must:

          • live in Canada
          • Be the age of majority (18 or older according to your province)
          • Have a valid Social Insurance Number (SIN).

          Pros and cons

          Pros:

          • No monthly fee for savings
          • Easy and fast online and mobile service
          • Savings for any purpose
          • Manage and use the funds anytime

          Cons:

          • Not the best interest rate
          • High NSF fee and other applicable fees

          How to make a deposit?

          If you have a CIBC account and apply online with your desktop or mobile, you could start savings immediately. Click "Personal" — "Bank accounts" — "Savings" and choose an option, then press the "Apply now" button. Otherwise, visit the nearest office.

          Be ready to provide personal information, contact address, and social insurance number. Go through a credit check.

          You may automate your savings by setting up transfers between your chequing and savings accounts with Auto Save using online banking or the mobile app.

          FAQ

          How to avoid the CIBC NSF fee?

          Set Smart Balance Alert to get text messages if your balance is below $0 or over your overdraft limit at the end of the day.

          How often does CIBC pay interest?

          Regular interest is calculated every day on a full day's closing balance and paid monthly.

          How does a CIBC savings account work?

          With CIBC eAdvantage you get Regular interest on all balances and additional Smart Interest when you save more than $200 a month.