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Savings accounts
Grow your savings, earn interest and invest in tomorrow. Find the best savings account for your needs. Apply in 5 minutes or less.
First Home Savings Account (FHSA)
Start saving for your first home, tax-free. Access your money anytime and earn interest on your FHSA contributions.
CIBC eAdvantage® Savings Account
Special offer
Get RDS%rate[3].CESA.Published(null,0.0_and over_0.0_CAD_Bonus,1,1)(#O2#)%† for 4 months when you open your first account. Limits apply.
Regular Interest¹: RDS%rate[3].CESA.Published(null,0.0_-_9999.99_CAD_Balance,1,1)(#O2#)% to RDS%rate[3].CESA.Published(null,500000.0_and over_0.0_CAD_Balance,1,1)(#O2#)%
Smart Interest²: RDS%rate[3].CESA.Published(null,0.0_-_200000.0_CAD_Smart Int,1,1)(#O2#)% on balances up to $200,000 when you save $200 or more a month (limits apply) Learn about Smart interest. Opens in a dialog.
Monthly fee: $0
Transactions3: $5.00 each
CIBC US$ Personal Account
Deposit, withdraw and save your U.S. dollars.
Regular Interest4: RDS%rate[3].CUPA.rate(null,0.0_up to_2999.99_CAD_Balance,1,1)(#O2#)% to RDS%rate[3].CUPA.rate(null,60000.0_and over_0.0_CAD_Portion,1,1)(#O2#)%
Monthly fee: $0
Transactions3: $0.75 US each
CIBC TFSA Tax Advantage Savings Account®
Access your money anytime and set up recurring deposits to grow your savings faster.
Regular interest: RDS%rate[4].TASATF.Published(null,5000.0_-_24999.99_CAD_Balance,1,1)(#O2#)%5
Monthly fee6: $0
Minimum investment: $25
CIBC RRSP Daily Interest Savings Account
Build your retirement savings with guaranteed principal and interest.
Interest rate: RDS%rate[4].DISA.Published(null,5000.0_-_24999.99_CAD_Balance,1,1)(#O2#)%5
Monthly fee6: $0
Minimum investment: $25
What is a CIBC savings account?
A savings account is a bank account where you can deposit money for future use. Earn competitive rates and grow your money faster.
Open a savings account online
Open an account from the comfort of your home. Our online application is safe, secure and only takes a few minutes to complete.
Why should I open a CIBC savings account?
Our savings accounts come with lots of benefits. Discover everything your new account has to offer.
Add a savings goal in CIBC Online Banking® to help you save for vacations, renovations and more.
Set up automatic transfers with AutoSave in less than 1 minute and quickly turn a little into a lot. Learn how to get started on setting up recurring transfers.
There's no monthly fee and no minimum balances. You earn interest on every dollar.
Manage your accounts the way you like with top-ranked online and mobile banking, plus one of the largest ATM networks across Canada.
Forgot about that payment? With CIBC Smart Balance Alert™, we’ll text you so you can avoid a non-sufficient funds fee and a declined payment.
Don’t wait. Apply online and access your bank account instantly so you can transfer funds, start saving and more from day one.
Create healthier financial habits with CIBC Insights
Manage your daily spending and grow your savings with help from CIBC Insights — a tool included in the CIBC Mobile Banking App® that offers tailored tips based on your debit and credit card activity.
Help and advice
Lost, stolen or damaged cards
1-800-663-4575Opens your phone app.
(Canada and U.S.)
514-861-9898Opens your phone app.
(Elsewhere)
Report fraud
1-800-465-2422Opens your phone app.
(Canada and U.S.)
902-420-2422Opens your phone app.
(Elsewhere)
How to
Manage your account
Advice
Save for the future
Advice
Tax-saving tips
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