[Updated] High Interest Savings Deal Alert: CIBC Offering up to 5.00% [was 5.25%] (New Customers Only)

Special Offer Alert

Attention Fellow Savers!

CIBC is offering a promotional interest rate of up to 5.00% 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:

  1. the rate consists of (a) a regular interest rate ranging from 0.25% to 1.20%, 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 corresponding to your account balance; and
  2. 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.