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Buying a new home is a big step and we’re here to help you through the whole process.
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Find a borrowing option that fits your needs and financial goals
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All of the benefits and features
It's simple. With a no-fee chequing account, you get free daily banking.
No monthly fees with no minimum balance
Free daily banking: unlimited debit purchases, bill payments & withdrawals
Send money using free Interac e-Transfer® transactions
Free access to over 3,400 CIBC ATMs across Canada
Other benefits and features
Have your cheque deposited directly into your Simplii account and have access to your money right away.
You can add Overdraft Protection up to $5000, to your account to help you with unexpected expenses. If you use it, bring your account to a positive balance for one full business day per calendar month. You’ll only be charged when you use the service.
Never miss a payment. Set up automatic payments and pay your bills on time, every time. You can authorize billing companies to take payments when they’re due.
Make transferring money between accounts a breeze. Set up automatic transfers through your online banking, follow the steps, and you'll be on your way.
Chequing Account Interest Rates
$0.00 - $1,000.00 |
0.05% |
$1,000.01 - $5,000.00 |
0.10% |
| $5,000.01 - $10,000.00 | 0.15% |
$10,000.01 - $25,000.00 |
0.15% |
$25,000.01 and up |
0.50% |
Interest is calculated by multiplying the daily interest rate for each tier by the portion of the daily closing balance in that tier.
Rates subject to change without prior notice.
Overdraft Interest Rate
On all overdraft balances |
19.00% |
A monthly charge will apply when you use this service, in addition to a fixed interest rate on overdraft balances.
