VaultNerd
CIBC
Savings account

CIBC eAdvantage Savings Account

CIBC
Best for

A high promo rate plus a Smart Interest bonus if you save consistently each month.

Promotional rate
4.6%
Ongoing rate
0.8%
Monthly fee
None
Minimum balance
None

Regular rate 0.20%–0.80%, plus a 0.25% Smart Interest bonus when you deposit $200 or more a month.

Rate verified August 3, 2026 · confirm with CIBC before applying.

What this account could grow to

Pre-filled with the ongoing rate of 0.8%. Promotional rates don't last, so the ongoing figure is the honest basis for a long-term projection.

0.8%
5 yrs
Future value
$25,707
You put in
$25,000
Interest earned
$707
Growth over time
Yr 1
$13,091
Yr 2
$16,207
Yr 3
$19,349
Yr 4
$22,515
Yr 5
$25,707
Contributions Interest

Run the numbers

Compound interest calculator

Project what this balance becomes over time.

Inflation calculator

Check the rate is actually beating inflation.

TFSA contribution room

Hold it in a TFSA and the interest is tax-free.

GIC calculator

Compare against locking the money in instead.

Frequently asked questions

What interest rate does the CIBC eAdvantage Savings Account pay?

It pays a promotional 4.6% for the first 4 months, then reverts to 0.8%. Promotional rates are the headline, but the ongoing rate is what matters if you're leaving money there long term.

Are there fees or minimums on the CIBC eAdvantage Savings Account?

There's no monthly fee, and no minimum balance is required. Deposits are CDIC insured up to the applicable limits.

How current is this rate?

We last verified it on August 3, 2026. Rates on deposit accounts move frequently, so confirm the current figure with CIBC before you apply.

Other savings accounts

Simplii Financial High Interest Savings Account
Simplii Financial
Scotia High Interest Savings Account
Scotiabank
BMO Savings Amplifier Account
BMO
RBC High Interest eSavings Account
RBC
Disclaimer: This article is for informational purposes only and does not constitute financial, tax, or legal advice. Information may be simplified, incomplete, or out of date. Consult a licensed professional before making financial decisions. VaultNerd may receive compensation from partners featured on this site. This does not influence our editorial content.
Written by
VaultNerd Editorial Team

Researching and writing about Canadian personal finance since 2026.

Last reviewed August 2026 · How we research

Cite this page

“CIBC eAdvantage Savings Account.” VaultNerd, https://www.vaultnerd.com/ca/savings-accounts/cibc-eadvantage-savings, updated August 2026.

Sources
  • CIBC published product and rate pages
  • VaultNerd products database