Ratesopedia

Pros & Cons

Pros

  • +No monthly fee
  • +Promotional rate of 3%
  • +Competitive interest rate (2.25%)

Cons

  • Limited transactions

Current Promotion

Discover the CIBC TFSA Tax Advantage Savings Account and grow your savings tax-free with interest calculated daily and paid monthly.

Enjoy hassle-free deposits, tax-free withdrawals, and no monthly fees.

Account Features

  • E-StatementNot included
  • Unlimited TransactionsNot included
  • Unlimited Interac e-TransfersNot included

Terms and conditions

  • Tax-free interest calculated daily and paid monthly
  • No monthly fees
  • Worry-free deposits with periodic transfers
  • Access to your funds at any time
  • Minimum investment of $25
  • Tax-free withdrawals

Related Accounts

*Conditions apply.

Conditions apply. All information is believed accurate but not guaranteed. Account details, rates, and offers are subject to change at any time. Always verify the latest terms on the institution's website. Ratesopedia may receive compensation through affiliate links. This does not affect our editorial choices or rankings. © 2026 CIBC. All trademarks are property of their respective owners.