CIBC TFSA Tax Advantage Savings Account
Promotional rate
3%
for 4 months
2.25% after the promotional period
- Transactions: Unlimited Transactions - Not included
- Interac e-Transfers: Unlimited Interac e-Transfers - Not included
- Minimum balance: $25
- Monthly fee
- $0
- Regular rate
- 2.25%
Reviewed by the CreditCardGuru Editorial Team
At a glance
- Promotional rate
- 3%
- Regular rate
- 2.25%
- Monthly fee
- $0
- Promo duration
- 4 months
- Minimum balance
- $25
- Interest paid
- Paid monthly
Account details
- Monthly fee
- $0
- Regular rate
- 2.25%
- Promotional rate
- 3%
- Promo duration
- 4 months
- Minimum balance
- $25
- Transactions included
- Unlimited Transactions - Not included
- Interac e-Transfers
- Unlimited Interac e-Transfers - Not included
- E-statements
- Not included
- Interest calculated
- Tax-free interest calculated daily
- Interest paid
- Paid monthly
- Other benefits
- Worry-free deposits with periodic transfers; Access to your funds at any time; Tax-free withdrawals
Welcome offer: 3% promotional rate for 4 months.
Pros & cons
Pros
- No monthly fee
- Promotional rate of 3%
- Competitive interest rate (2.25%)
Cons
- Limited transactions
Terms & conditions
Rates and offers change. Every rate, fee, welcome offer and benefit on this page was accurate when last reviewed, but CIBC can change or withdraw any of them at any time — sometimes without notice. Confirm the current terms on CIBC's own website before you apply.
Eligibility is theirs to decide. Approval, credit limits, interest rates and welcome offers depend on your credit history and CIBC's own criteria. Bonuses often exclude anyone who has held the account before, and usually require a minimum spend within a set period.
This is not advice. The reviews and ratings here are our editorial opinion, not financial, tax or legal advice, and not a recommendation for your circumstances. Speak to a qualified professional before making a financial decision.
How we make money. CreditCardGuru may earn a commission when you apply through links on this page. It never affects our ratings or what we write — see our advertiser disclosure and rating methodology.
CreditCardGuru is not affiliated with CIBC. Trademarks belong to their respective owners.
Similar savings accounts
BMO Savings Amplifier Account
Promo rate
5.00%
Monthly fee
$0
for 120 days
See details
MomentumPLUS Savings Account
Promo rate
4.95%
Monthly fee
$0
for 3 months
See details
Simplii Financial™ High Interest Savings Account
Promo rate
4.60%
Monthly fee
$0
for 5 months
See detailsWritten by
CreditCardGuru Editorial Team
Rewards & Cards Research
Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.
- 200+ Canadian cards tracked
- Transparent rating methodology
- Updated continuously
Cite this page
“CIBC TFSA Tax Advantage Savings Account Review (2026)” — CreditCardGuru, https://creditcardguru.ca/banking/cibc-tfsa-tax-advantage-savings-account, updated August 19, 2026.