If you have multiple eSAs, we will use the sum of the Smart Balance Growth in all your accounts with the same Unique Ownership Structure to determine if you qualify and to calculate your Smart Interest.

You are eligible to earn Smart Interest in a month if your total Smart Balance Growth is at least $200.

or visit a CIBC Banking Centre Opens in a new window.Ģ Smart Interest: Smart Interest is a bonus interest reward earned on the total account balance in your CIBC eAdvantage Savings Account(s) (“eSA(s)”), up to a maximum aggregate balance limit of $200,000 (“Smart Balance Maximum”), each month in which you achieve a total Smart Balance Growth of at least $200 across all your account(s) with the same Unique Ownership Structure (described below).ĭetermining Smart Balance Growth: Each month we will calculate the difference between the closing balance on the last business day of the previous month and the closing balance on the last business day of the current month, excluding any interest earned and any CIBC fees, for each of your eSA(s) (“Smart Balance Growth”). If you have any questions about our interest rates, call 1-80 Opens your phone app. Interest rates and balance tiers are subject to change without prior notice. However, the interest can’t be withdrawn and won’t be printed at branch terminals or bank machines or made available through CIBC Telephone or Online Banking until 2 business days after the end of the interest period. Interest is credited to your account as of the last business day in the interest period. For accounts with balance tiers, other than CIBC US$ Personal Account, your entire account balance earns the rate applicable to the tier your daily closing balance falls within. 1 Regular interest is calculated daily at the current rate on each day’s full closing balance and paid monthly.

Daily interest on a million dollars