CIBC TFSA Interest Rate
The official tax free savings account interest rate for CIBC appears to be 3% as you can see here:
Similar to the information provided before too, there is a hefty $100 fee should you decide to transfer some or all your funds to a different financial institution. So for this bank you should really think it over before signing up.
I guess the main benefit is that if you already do your daily banking with them then it can make sense to keep everything in one place.
Paul on June 3rd, 2009
If you can’t hold mutual funds in the CIBC TFSA whats the point of having one.