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President's Choice Financial services are provided by the direct banking division of CIBC.
President's Choice Financial MasterCard is provided by President's Choice Bank.
The PC points loyalty program is provided by President's Choice Services Inc.
Tax-Free Interest Plus™ savings account
start saving tax-free with a high interest rate account!
| daily balance | annual rate (%) |
| $0 - $1,000.00 | 1.50 |
| $1,000.01 and up | 1.50 |
Interest is calculated on each day’s closing balance and is paid into your account monthly.
anniversary bonus interest
| average annual balance | annual rate (%) | |||
| account anniversary (yrs) | ||||
| 1 | 2 | 3 | > 3 | |
| $1,000.01 - $10,000.00 | 0.02 | 0.02 | 0.03 | 0.03 |
| $10,000.01 - $50,000.00 | 0.03 | 0.04 | 0.05 | 0.07 |
| $50,000.01 - $100,000.00 | 0.04 | 0.05 | 0.07 | 0.08 |
| $100,000.01 - and up | 0.05 | 0.07 | 0.08 | 0.10 |
Anniversary bonus interest is based on the average of your daily closing balances over the year and is paid into your account the next business day after your anniversary date. For purposes of interest calculation, your first year starts from the account creation date and ends on the anniversary date, which is one calendar year after the account creation date.
Find out more about the Tax-Free Interest Plus™ savings account
Use our handy savings rates comparison calculator to compare your current bank savings account interest rates with ours.
Please note: depending on the balance you enter, you will be shown results for either the Interest First or the Interest Plus savings account.
Rates subject to change.
®™ PC, President’s Choice, President’s Choice Financial, Interest Plus and Fresh Financial Thinking are trademarks or registered trademarks of Loblaws Inc. CIBC licensee of marks.
† President's Choice Financial services are provided by the direct banking division of CIBC.
President's Choice Financial MasterCard is provided by President's Choice Bank.