Rate option 1
2%
- Compounding
- Monthly
- Calculation
- Daily Closing Balance
Savings Account
CAD
CDIC Insured
CIBC
CIBC Savings (FHSA)
Start saving for your first home, tax-free. A convenient short-term option to invest your FHSA funds with guaranteed deposits.
Interest rate
2%
Monthly fee
No monthly fee
Transactions
Not listed
Minimum deposit
$25
EARNINGS
Rates and interest details
COSTS
Fees and account limits
Monthly feeNo monthly fee
Fee-waiver balanceNot listed
Minimum deposit$25
Maximum depositNot listed
Included transactionsNot listed
Bundled productNot specified
ACCOUNT EXPERIENCE
Features and benefits
No Monthly Fees
No monthly fee.
CDIC Insured
Eligible for CDIC Insurance.
WHO CAN APPLY
Eligibility and access
Minimum ageNot specified
AvailabilityAvailable nationally
Mobile appYes
Online bankingYes
Branch accessNot specified
CDIC Insured: Eligible for CDIC Insurance.
COVERAGE
Registration, networks and availability
Registration options
- FHSAFirst Home Savings Account
IMPORTANT INFORMATION
Terms and disclosures
Rates, fees, eligibility requirements and promotional terms can change. Confirm all current details directly with CIBC before opening the account.