CIBC Business Investment Growth Account
Savings
Description:
The CIBC Business Investment Growth Account is a convenient financial solution that empowers businesses to grow their funds, enabling them to achieve their business goals.
Comments on Funding:
This account offers the following features and benefits:
-Monthly Fee: $0;
-Interest Rate: 1.50% to 2.00% based on daily closing balance;
– No minimum balance;
-Transactions:
a) $1.00 for each self-service credit transaction;
b) $1.25 for each full-service credit transaction;
c) $5.00 for each debit transaction.
Product Benefits:
– Get a competitive interest rate (Earn more interest on higher account balances);
– Easily transfer funds between your business accounts;
– Withdraw money from your account when you need it.
Continuous Intake
Eligibility:
Applicants must be businesses, including a sole proprietorship, a partnership, a corporation or incorporated association, and unincorporated associations.
Application Steps:
Applicants must complete the application form online or complete the form and visit a CIBC Banking Centre and bring 2 pieces of valid ID to their appointment.
Documentation Needed:
Specific documentations must be provided based on the type of business structure.
Other Things to Note:
1. Full-service refers to transactions performed in a CIBC Banking Centre, through a CIBC Telephone Banking representative, through a CIBC Business Contact Centre representative, or through the regular Wallet Depository Service.
2. Self-service refers to cheques written as well as transactions performed through an ATM, Point of Sale terminal, ABM-Wallet Combo Depository Service, CIBC Telephone Banking Automated Service, CIBC Business Contact Centre Automated Service, CIBC Online Banking, SmartBanking® for Business (SmartBanking), CMO, CIBC eDeposit for cash, or CIBC eDeposit for cheques.
About the author
Maurice