The CIBC eAdvantage Savings account earns interest on all money in the account at a rate of 0.05%.
eAdvantage Savings account holders can transfer money for free between their CIBC personal bank accounts.
The CIBC eAdvantage Savings account does not charge monthly fees and requires no minimum balance. This bank account type only allows paperless statements which have no fees.
Any eligible transaction will cost the account holder $5.00 per transaction. Eligible transactions include debit purchases, CIBC withdrawals (including CIBC ATMs), interact e-transfer transactions, cheques, pre-authorized payments, and bill payments.
Interac e-transfer transactions will cost the account holder $1.50 plus the $5.00 transaction fee, totalling $6.50 per e-transfer sent. Receiving e-transfer transactions to this account is free.
Non-CIBC ATM withdrawals will cost the account holder $2.00 plus the $5.00 transaction fee, totalling $7.00 per withdrawal. Withdrawals at CIBC ATM machines will cost the account holder $5.00 per withdrawal.