I will contact TD to get the debit reversed.
MY FEAR is now Credit reporting is going to ding me with a missed payment.

Any one else had this happen!

Alexandra said

April Bonus and Branch interest showed up today in my e-advantage savings account. Both were dated 30April26.  

Yup same here ... both back dated to Apr 30th.

Alexandra said

My interest hasn't yet showed up into my e-advantage savings account. It didn't show last month at this time either however when it did show the Bonus & Branch interest for that account was dated 31 March 26 and then later on the "Smart" interest was paid on the 8th of April.  

April Bonus and Branch interest showed up today in my e-advantage savings account. Both were dated 30April26.

anitavirginia said
in my case I went into branch and saw my advisor first,
he took photocopy of bank draft, and advised he would do whatever he had to do to activate the offer.
He then told me to go to teller and deposit bank draft.
That was Friday.
Now Tuesday, 1st attempt for chat online , stated they do not see an offer.
2nd attempt for chat online, different person, they stated they say they see notation that there is an offer, but no details available.
I emailed my advisor asking for confirmation and his response was,

"Offer for 4.8% is approved, will take some time to reflect the start/end date, will update soon.
The offer has a balance cap of $2,000,000."

I don't like the way they are not being clear about this transaction.
I hope the interest rate is effective the day I deposited funds. I am a bit worried.  

anitavirginia said
looked at interest for March,

It appears they did not give me interest for the 7 day hold on funds.
I had met with advisor in branch and gave him bank draft.
Am I not entitled to interest from day of deposit.?  

Here is an update,
After approx 1 full month, jumping through many hoops, I was able to get them to give me the promo interest for the 1st 7 days they had my funds.

So as of today, they have given me for March, .6% regular interest, plus 4.2% bonus interest, plus .25% smart interest.

For April, they have given me the .6% regular interest and the 4.2% bonus interest.
I expect the smart interest by the 7th or 8th of the month. (that's what happened last month).

I am not impressed in the way all of the CIBC staff I spoke to tried to discourage me from getting the bonus interest for the 1st 7 days, and wanted me to get the bonus interest for the 8th through 97th day. This would of given me only .6% interest for the 1st 7 days. I advised them that i signed up for the promo for up to 90 days, and not for 97 days , with the first 7 days not getting the promo rate.

I will be very careful in my future dealing with them.

Jim Sherat said
Q. for CIBC eSavings users:
Based on your experience(s), when is monthly interest generally posted to the account ?
fyi, I'm a first time CIBC client; opened an eSavings acct [4.60%] early April with 6 figures deposit, and was expecting interest would get posted overnight Apr 30th, but not the case.
Thank you.  

My interest hasn't yet showed up into my e-advantage savings account. It didn't show last month at this time either however when it did show the Bonus & Branch interest for that account was dated 31 March 26 and then later on the "Smart" interest was paid on the 8th of April.

¹ Regular interest is calculated daily at the current rate on each day’s full closing balance and paid on the last business day of the month. Your entire account balance earns the rate applicable to the tier your daily closing balance falls within.

This interest cannot be withdrawn and will not be printed at branch terminals or bank machines or made available through CIBC Telephone or Online Banking, until the second business day of the following month.

Interest rates quoted are annual. Interest rates and balance tiers are subject to change without prior notice.
…

My guess is that the interest for April will be posted by Monday, May 4 and backdated to Thursday, April 30.

In my view this is outright fraudulent misrepresentation on behalf of CIBC, and everyone out 2 days or more of interest could get it back by pursuing a complaint against the bank. We have done just that and will keep you posted. Hopefully they learn a lesson the hard way and stop trying to trick their existing customer base.

Even though my CSR e-mailed me with the offer, I needed to phone/e-mail him accepting the offer. I didn't know this but I left a message with him anyway to say that I had made a deposit into my e-advantage account. He e-mailed back to say he will activate the offer and I would receive interest after a 48 hour period. So I didn't make any interest on those first 48 hours.

He also said that for the next 90 days I would receive the 4.5% on any new deposits i.e. not to worry about the March deadline.

Because I am so wary of them, I deposited another $1100 on 1st of April and will wait until end of Month to see if I indeed do receive that interest. I have a substantial amount of funds currently in Tangerine @3.75% until end of April. We'll see what CIBC does at that time with the extra $1100 before I transfer in the Tangerine funds.

Raining here. Hope everyone has a lovely Easter Weekend!!

It appears they did not give me interest for the 7 day hold on funds.
I had met with advisor in branch and gave him bank draft.
Am I not entitled to interest from day of deposit.?

So, is it 4.50% or 4.80% or both?

anitavirginia said
Targeted offer I think

*For new funds deposited into existing eAdvantage Savings Accounts with balances above $100,000 on or before Mar‍ch 2‍7, 2026, earn a total interest rate of 4.80% (which is made up of the 0.60% posted interest rate plus a 4.20% bonus interest rate) for 90 days following the date of deposit. For new funds deposited into existing eAdvantage Savings Accounts with balances equal to or below $100,000 on or before March 27, 2026, earn a total interest rate of 4.50% (which is made up of the 0.30% posted interest rate plus a 4.20% bonus interest rate) for 90 days following the date of deposit. Interest is calculated daily on each day’s full closing balance and paid monthly to the eAdvantage Savings Account. For deposits received after Mar‍ch 2‍7, 2026, only regular interest will continue to apply.  

Is this generally the case for all/other offer recipients that the bonus interest rate only applies for funds deposited on or before March 27, 2026?

anitavirginia said
in my case I went into branch and saw my advisor first,
he took photocopy of bank draft, and advised he would do whatever he had to do to activate the offer.
He then told me to go to teller and deposit bank draft.
That was Friday.
Now Tuesday, 1st attempt for chat online , stated they do not see an offer.
2nd attempt for chat online, different person, they stated they say they see notation that there is an offer, but no details available.
I emailed my advisor asking for confirmation and his response was,

"Offer for 4.8% is approved, will take some time to reflect the start/end date, will update soon.
The offer has a balance cap of $2,000,000."

I don't like the way they are not being clear about this transaction.
I hope the interest rate is effective the day I deposited funds. I am a bit worried.  

I know what you mean. Pretty confusing. According to my advisor, I will be earning a total of 4.6% for the 90 days. But now when I look up my e-savings it says
" you are now eligible for smart account interest which doesn't remotely seem like the same thing. Anybody else dealing with this?

"Offer for 4.8% is approved, will take some time to reflect the start/end date, will update soon.
The offer has a balance cap of $2,000,000."

I don't like the way they are not being clear about this transaction.
I hope the interest rate is effective the day I deposited funds. I am a bit worried.