Q:

What interest rates can you get on business accounts with CIBC bank?

A:

Quick Answer

The Canadian Imperial Bank of Commerce offers an interest rate of 0.45 percent on its Business Investment Growth account. The interest rate on its AgriInvest account is 0.75 percent.

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Full Answer

As of September 2015, there is no minimum balance required for the 0.45 percent interest rate to be applicable on Business Investment Growth accounts. The bank calculates the interest daily on the account’s ending balance.

The 0.75 percent interest rate applies to all AgriInvest accounts regardless of the monthly average balance, and the bank calculates the interest at the end of each month. The AgriInvest account is specifically for farmers participating in the AgriInvest Program run by Canada’s federal government.

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