[Music] hello and welcome today we'll be diving into a detailed review of the CIBC high yield saving account if you're considering opening a high yield saving account you'll definitely want to know whether CIBC is worth your time and money now let's break down the key features and see how it Stacks up first let's take a look at what the CIBC high yield saavy account has to offer so their account is designed to provide higher interest rates compared to traditional savings accounts helping your money grow even faster now one of their main selling points is their interest rate as you can see from above CIBC High saving account offers competitive rates up to a rate of 4.55% you want to make sure to check the current rates on CIBC site as it may vary and also subject to change if you get lucky and you stumble upon with their promotions you could also get their promotion rates which are even better additionally you'll enjoy features like no monthly fees easy access to your funds and also no minimum balance requirements this makes it an extremely flexible and excellent option for both your short-term and long-term saving goals CIBC also provides convenient online and Mobile Banking options you can manage your account transfer funds and track your interest earnings all from your computer or smartphone this is a huge convenience so what are the cons then well some of the cons include the interest rate changing without notice promotional rates only being applied to new deposits and investment caps for corporate accounts it's also important to mention that's always wise to compare rates and features with other Banks to ensure that you're getting the best deal for your needs user reviews can often provide valuable insights many customers appreciate the high interest values and the lack of fees but some also have noted that the rates may not be the highest available on the market it's important to consider these reviews when making your decision so is the high yield saving account from CIBC worth it well if you're looking for a high interest rate saving option with no monthly fees and convenient access to your money it's definitely worth your consideration just remember to compare it with other options to ensure that the best fit where financial goals