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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
4.30%4.55%

Renaissance USD High Interest Savings Account

USD-Series A1
ATL5074		USD-Series F1
ATL5075
4.90%5.15%

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

Canadian residents only.
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

Unlimited number of deposits and withdrawals, subject to maximum investment limit.

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

Investor Essentials
Product Features / Terms and Conditions

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.

1Interest rates quoted are annual rates, effective June 11, 2024 and may change at any time without prior notice.

2Your dealer may have its own minimum investment requirement.

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Copyright 2024 CIBC Asset Management Inc. Renaissance Investments and Axiom Portfolios are offered by CIBC Asset Management Inc.

Renaissance Investments family of funds the Axiom Portfolios, the CIBC Private Pools, the CIBC Fixed Income Pools, the CIBC Fixed Income Funds, the CIBC Alternative Funds and the CIBC ETFs are managed by CIBC Asset Management Inc., a subsidiary of Canadian Imperial Bank of Commerce. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments.

Please read the simplified prospectus before investing. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer, nor are they guaranteed. There can be no assurance that a money market fund will be able to maintain its net asset value per unit at a constant amount or that the full amount of your investment will be returned to you. Their values change frequently and past performance may not be repeated. ®Renaissance Investments, ®Axiom and ®Axiom Portfolios are registered trademarks of CIBC Asset Management Inc. Renaissance Investments is offered by CIBC Asset Management Inc.