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CIBC TFSA Interest Rate Drop
I was alerted that CIBC has just recently dropped its interest rate for its “CIBC TFSA Tax Advantage Savings Account” by 0.5%. Originally it was 3% and as you can see today it is 2.5%: This bank definitely still has one of the highest transfer fees too at $100.
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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…
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CIBC Tax Advantage Savings Account
I visited the CIBC page today and apparently its TSFA account is being dubbed as a “Tax Advantage Savings Account” and you can read more about it at http://www.cibc.com/ca/investing/tfsa/tax-advantage-savings-acct.html. As you can see on the page, it does indicate that you must invest at least $25 into the account. What caught my attention though is…