Renaissance High Interest Savings Account
We’re thinking of your best interests with the Renaissance High Interest Savings Account (RHISA).
We’re thinking of your clients’ best interests with the Renaissance High Interest Savings Account (RHISA)
A well-diversified portfolio includes a cash component that offers investors liquidity and convenience.
With the Renaissance High Interest Savings Account, you can enjoy these advantages but also benefit from high earning potential and added security on the cash portion of your investment portfolio.
Available for registered and non-registered investments, this account is an ideal vehicle for your short-term cash requirements.
Get regular interest on all balances. Interest is calculated daily on the opening balance and is paid monthly to the account as reinvested distributions.
Plus, get a promotional interest rate if below indicates that your RHISA is eligible for a promotional interest rate. We introduce promotional offers from time to time.
Speak to your advisor to get additional information on Series A and Series F RHISAs and which Series may be right for you. Please refer to Investment Returns section for interest calculation.
Available for registered and non-registered investments, this account is an ideal vehicle for your clients’ short-term cash requirements and provides a competitive dealer compensation.
Your clients can get regular interest on all balances. Interest is calculated daily on the opening balance and is paid monthly to the account as reinvested distributions.
Plus, your clients can get a promotional interest rate if below indicates that their RHISA is eligible for a promotional interest rate. We introduce promotional offers from time to time.
Renaissance High Interest Savings Account
| CAD-Series A1 ATL5070 | CAD-Series F1 ATL5071 |
|---|---|
| 3.30% | 3.55% |
Renaissance USD High Interest Savings Account
| USD-Series A1 ATL5074 | USD-Series F1 ATL5075 |
|---|---|
| 4.15% | 4.40% |
Key Benefits
Earning Potential
- Greater earning potential with higher interest rates
- Interest accrued daily and paid monthly
Added Security
- The Renaissance High Interest Savings Account is eligible for CDIC insurance
- Offered through CIBC Asset Management Inc. (CAMI) and issued by CIBC, one of North America’s leading financial institutions
- Canadian Imperial Bank of Commerce is a member of CDIC
Greater Convenience
- Available in Canadian and U.S. dollars
- No maturity date or lock-in period
- Access to savings at any time without penalty
- Available through FundSERV with T+1 settlement
- Easy switching between RHISA and mutual funds managed by CAMI
Product Features
Product Name (Fund Code and Series)
Renaissance High Interest Savings Account
- ATL5070: Series A
- ATL5071: Series F
Renaissance USD High Interest Savings Account
- ATL5074: Series A
- ATL5075: Series F
CDIC Eligible
Yes.
Issuer Information
Product issued by Canadian Imperial Bank of Commerce.
Investment Type
High interest rate bank account.
Eligibility
Registered and non-registered plans.
Currency
Canadian dollar or U.S. dollar.
Minimum Initial Investment2
Renaissance High Interest Savings Account: $50
Renaissance USD High Interest Savings Account: $50 (in U.S. dollars)
Maximum Investment
Renaissance High Interest Savings Account
- Unlimited where held by an individual
- $7,500,000 where held by a corporation
Renaissance USD High Interest Savings Account
- Unlimited where held by an individual
- $7,500,000 where held by a corporation (in U.S. dollars)
Characteristics
Investment Return
Interest rates are subject to change at any time without prior notice.
Interest is calculated daily on opening balance and is paid monthly to the account as reinvested distributions.
Promotional interest rates (if applicable), apply only to new eligible deposits in Renaissance High Interest Savings Account as described in the below terms and conditions. Existing balances prior to the beginning of the promotion will not be eligible for the promotional interest rate.
Marketing Materials
The Renaissance High Interest Savings Account is offered by Canadian Imperial Bank of Commerce (CIBC), through its wholly owned subsidiary CIBC Asset Management Inc. CIBC is a CDIC member institution.
The Renaissance High Interest Savings Account is eligible for CDIC insurance, subject to CDIC rules and regulations. Deposits made to the Renaissance High Interest Savings Account and to other CIBC products are aggregated and eligible for CDIC protection up to $100,000, per category, per depositor.
The material and/or its contents may not be reproduced or distributed without the express written consent of CIBC Asset Management Inc.
The Renaissance High Interest Savings Account and Renaissance USD High Interest Savings Account are offered by Canadian Imperial Bank of Commerce (CIBC) through its wholly owned subsidiary CIBC Asset Management Inc. (CAMI). The Renaissance High Interest Savings Account and Renaissance USD High Interest Savings Account are sold exclusively through registered advisors. The Renaissance High Interest Savings Account is eligible for CDIC insurance. This material is for informational purposes only and is not intended to convey investment, legal or tax advice.
1Interest rates quoted are annual rates, effective November 14, 2024 and may change at any time without prior notice.
2Your dealer may have its own minimum investment requirement.
