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Tax Advantage Savings Account

CIBC TFSA Tax Advantage Savings Account™

The CIBC TFSA Tax Advantage Savings Account is an attractive daily interest savings account option in which you earn a competitive, guaranteed high interest rate tax-free and you have access to your money any time.

With a CIBC TFSA Tax Advantage Savings Account, it's easy to make regular contributions to your TFSA and you have access to the money
if you need it.

Interested in applying for a CIBC TFSA?

Call Telephone Banking1 at 1-800-465-2422, visit one of our branches or apply online to set up your CIBC TFSA Tax Advantage Savings Account today.

Type

Cash account

Tax Benefit

Earn guaranteed interest tax-free

Minimum investment

$25

Terms available

Not applicable

Access to funds

Any time

Interest

  • Competitive interest rate on full balance
  • Interest is calculated on the full daily closing balance and is paid monthly

Fees

There are no fees unless you transfer all or part of your TFSA funds to another financial institution, in which case a $100 fee will apply

Is it for you?

The CIBC TFSA Tax Advantage Savings Account could be for you if any of the following apply:

  • You want a secure TFSA investment
  • You want full access to your money and the ability to withdraw funds at any time

Useful information

  • You can use a CIBC TFSA Regular Investment Plan to make automatic deposits to your CIBC TFSA Tax Advantage Savings Account to maximize your interest
  • Your deposits earn interest right away

Trademarks and Disclaimers

1 To buy through Telephone Banking or online, you need to have a CIBC bank account or CIBC GIC already.

™ Trademark of CIBC


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