[CIBC] 5% Savings eAdvantage Interest

† This offer is only available to clients opening their first CIBC eAdvantage® Savings Account (“eSA”). Eligible eSAs will earn a special annual interest rate (the “Special Interest Rate”) on balances up to $1,000,000 for 120 days from the date the eSA is opened (“Special Rate Period”). The Special Interest Rate is a combination of the regular interest rate that applies to your eSA balance tier, plus an additional bonus interest rate. Any change to the regular interest rate will result in a corresponding change to the bonus interest rate so that the overall Special Interest Rate will remain the same during the Special Rate Period. Regular interest is calculated daily on each day’s full closing balance and paid monthly to your eSA. Bonus interest is calculated daily on each day’s full closing balance up to a balance limit of $1,000,000 during the Special Rate Period and is paid monthly to your eSA. Both the regular and bonus interest rates are based on the tier your daily closing balance falls within. For current interest rates, visit cibc.com/savingsinterest. Interest rates quoted are annual; regular and bonus rates may change at any time without prior notice. Other conditions apply. For full offer details, review the Terms and Conditions (PDF, 140 KB) Opens in a new window. or visit a CIBC Banking Centre Opens in a new window..

Those are the offiical terms and conditions – but they had siiliar text on their credit card which was ignored.

Did anyone who had an account in the past, actually reopen one to see if they get the promotional rate again? I’m sure the rep on the phone will just say no to get you off the phone and not add extra risk to them, but has anyone actually tried?

The old thread from last year (Feb 2024) can be found here: https://forums.redflagdeals.com/cibc-ym … e-2678835/

Statistics: Posted by FinHunter2025 — Mar 1st, 2025 1:49 pm