[Updated] High Interest Savings Deal Alert: CIBC Offering up to 4.60% [was 4.75%] (New Customers Only)

Attention Fellow Savers!

CIBC is offering a promotional interest rate of up to 4.60% 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, which depends on your account balance, (b) a “smart interest rate”, which requires a minimum monthly saving, and (c) a bonus rate, which corresponds 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.