Attention Fellow Savers!
CIBC is offering a promotional interest rate of up to 5.25% for the first 120 days for new customers opening an eAdvantage Savings Account.
We’re going to slap two warning labels on this attractive offer:
- the rate consists of (a) a regular interest rate ranging from 0.40% to 1.70%, depending on account balance, (b) a “smart interest rate” of 0.50% when you save at least $200 per month and (c) a bonus rate of 3.40% (so make sure you remember when it ends); and
- there are no free transactions (with limited exceptions for transfers to other CIBC accounts) so this offer may be best suited for those of you who already have a CIBC account.
Like all promotional offers, this one could be changed or pulled at anytime.
Wondering how to evaluate a promotional offer? Check out our recent article.
For more details, click here
To see our entire list of recommended high interest savings accounts and promotional offers, click here.