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Email this7:18 am
August 9, 2022
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Am I the only "unsmart" idiot (most probably am) who finds this overly complicated? Why such games by a big bank that requires their loyal clients to spend time unnecessarily figuring out? Or am I missing a potentially game-changing deal here? 
7:22 am
January 9, 2011
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frencols said
Am I the only idiot (most probably am) who finds this overly complicated? Why such games by a big bank that requires their loyal clients to spend time unnecessarily figuring out? Or am I missing a potentially game-changing deal here?
Both are true, IMO 
Overly complicated/annoying, and game-changing deal in the context of comparing with a 4 month, ie; under a year GIC rate or HISA. Eg; EQ's 3 month GIC rate is 1.85%, 6 month 2.65%.
" We may never pass this way again " - Seals & Crofts
11:51 am
February 7, 2019
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frencols said
Am I the only "unsmart" idiot (most probably am) who finds this overly complicated? Why such games by a big bank that requires their loyal clients to spend time unnecessarily figuring out? Or am I missing a potentially game-changing deal here?
Not complicated at all.
There is no obligation on your part to sign up...
If you don't like the offer, move on to another...
| CGO |
6:46 am
February 7, 2019
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For those who think this CIBC eAdvantage Account and the similar BMO Savings Builder Account are too complicated should check out the Scotia Momemtum Plus offer discussed here https://www.highinterestsavings.ca/forum/scotiabank/momentum-plus-savings-promo-until-december-31-2022/ ...
| CGO |
8:37 am
June 28, 2020
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In terms of simplicity among the Big 5 banks, this CIBC's promo is probably the most flexible with the highest interest rate. You just need to make sure you have to gain a net balance of +$200 for each month (interest doesn't count) to earn the "0.75% Smart Interest".
Oh and the $5 transaction fee which can be avoided if you have an existing CIBC account to transfer funds into.
According to their website, what counts as a transaction:
Debit purchases CIBC withdrawals (including CIBC ATM) Interac e-Transfer transactions Cheques Pre-authorized payments Bill payments
11:59 am
September 30, 2017
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Data point for CIBC eAdvantage Savings
- Regular interest rate 1.40%
- Smart interest rate 0.75%
- Bonus interest rate 2.35% for first 4 months on first eAdvantage accounts
7:13 am
March 15, 2019
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hwyc said
Data point for CIBC eAdvantage Savings
- Regular interest rate 1.40%
- Smart interest rate 0.75%
- Bonus interest rate 2.35% for first 4 months on first eAdvantage accounts
I think there is also a requirement that you must increase your balance by at least $200 each month.
3:10 pm
September 30, 2017
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(Data point) I see now smart interest only 0.50% (was 0.75%) 
- Regular interest rate 1.40%
- Smart interest rate 0.50%
- Bonus interest rate 2.35% for first 4 months on first eAdvantage accounts
12:28 pm
February 14, 2023
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NEW targeted promo..Maximize your savings with up to 4.65% interest to May 31/23
12:54 pm
September 30, 2017
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... new deposits from which starting date ?
4:39 am
February 14, 2023
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I suppose from when new funds are deposited.
10:35 am
December 22, 2022
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Ebiv said
You just need to make sure you have to gain a net balance of +$200 for each month (interest doesn't count) to earn the "0.75% Smart Interest".
and if the balance exceeds $200k, do you lose the 0.75% Smart Interest on the $200k, or just on any amount above $200k?
Suppose you were to deposit an initial amount of say $300k into this account. Would you qualify to earn Smart Interest on the first $200k, provided you keep growing the balance by $200 per month?
10:17 am
December 22, 2022
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Loonie said
200K is a low ceiling for big bank. Make sure that the interest doesn't put you over 200K.
What happens if your balance exceeds $200k? Do you lose the Smart Interest on the $200k, or do you lose it on any amount above $200k?
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