Banking Group Assignment (Simplii)

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1 Accounts
No Fee Chequing Account
Features and Benefits
 No monthly fee with no minimum balance
 Free daily banking: Unlimited debit purchases, bill payments and withdrawals
 Send money for free with Interac e-Transfer®
 Free access to over 3,400 CIBC ATMs across Canada
 Send a Simplii Financial™ Visa* Digital Gift Card
Add overdraft protection if you need it.

More reasons to love this account
Direct Payroll and Pension Deposit
 On the portion of balance between:  Annual rate
 $0.00 to $50,000.00  0.01%
 $50,000.01 to $100,000.00  0.05%
 $100,000.01 to $500,000.00  0.05%
 $500,000.01 to $1,000,000.00  0.10%
 $1,000,000.01 and up  0.10%
High Interest Savings Account

Features and Benefits
 Great rates on every dollar
 No minimum balance needed
 No monthly or transaction fees
 Easily set up automatic deposits
 Access your savings if you need them

Options for Interest rates
 If your account balance is:

 Annual rate
 $0.00 to $50,000.00  0.40%

 0.40%
 $50,000.01 to $100,000.00
 0.65%
 $100,000.01 to $500,000.00
 $500,000.01 to  1.25%
$1,000,000.00
 $1,000,000.01 and up  5.00%

Additional offer to new Account openers
Earn $400‡
Open a No Fee Chequing Account by October 31, 2024
Add an eligible direct deposit of at least $100 a month for 3 straight

months.‡ What's a direct deposit?
Earn 6.25%†
Open a High Interest Savings Account
Earn a special 6.25% interest rate on eligible deposits for 5

months. No matter how much is in your account, you won’t pay
monthly fees.
Limits apply. Offer ends October 31, 2024.
Get up to 10% Cash Back‡‡

Open a Cash Back Visa* Card
For your first 4 months with a Cash Back Visa* Card, enjoy 10% cash back‡‡ on eligible
restaurants, food delivery and bar purchases. Up to $500 spend.
2 Investments
GIC
Short-term GIC plan
Invest in a 4.50% 1-year GIC today
Benefits
 You’re able to earn a guaranteed rate for your entire term
 Your interest can compound automatically so you can save faster
 Eligible for both registered and non-registered plans

 You can start with as little as $100 and your principal is always
guaranteed
GIC/RGIC term Rate (%) APY (%)2

1 year 4.410% 4.50%
2 year 3.929% 4.00%
3 year 3.832% 3.90%
4 year 3.832% 3.90%
5 year 3.832% 3.90%
Mutual Funds
 Diversified Portfolios: Simplii offers mutual fund accounts managed by professionals,
with options tailored to different risk levels and investment goals. These include
portfolios with varying balances of equities and fixed income.
 Types of Portfolios:
 Conservative (40% Equities / 60% Fixed Income): Suitable for investors
seeking a combination of income and some long-term capital growth with low
investment risk.
 Balanced (60% Equities / 40% Fixed Income): Balances income and long-term
capital growth, suitable for medium to long-term investments with low to
medium risk tolerance.
 Growth (75% Equities / 25% Fixed Income): Focuses on long-term capital
growth with some income, suitable for those with medium to long-term
horizons and low to medium risk tolerance.
3. Mortgages
Fixed-rate mortgages
Term
Special rate‡ High-ratio rate♢
5 year 5.34% 4.84%

(APR 5.34%)
 comfort of a predictable payment

 You want the options of 2- to 10-year terms
 You want peace of mind by locking in a specific mortgage term and rate
Applies only to new mortgages of owner-occupied properties with an amortization of 25
years or less.
Variable rate mortgages
Term
Special rate‡ High-ratio rate♢
5 year 6.20% 6.20%

(APR 6.20%)
 You're comfortable knowing that your payment amount may change if interest rates
change
 You want the option to convert to fixed if rates go up
 You think interest rates won't increase
Additional Benefits
 No Appraisal Fees
 Expert Guidance
4. Retirement Plans
RRSP Savings Accounts
An RRSP is meant to provide income after you retire. There is no minimum
age requirement to open, as long as you've earned income and filed a tax
return.
Benefits
 Great interest rates
 Risk-free: your principal and interest are always guaranteed
 No minimum deposits or balances needed to open your account
 Tax Deductible
 Growth
 Flexibility
Interest rate
0.40%
Daily balance
Interest is calculated on the daily closing balance and is paid into your account monthly.
Rates subject to change.
RRIF
The government requires that your RRSP investments be converted to a retirement income
option by the end of the year you turn 71. Most Canadians choose a RRIF, which allows you
to control your choice of investments and gives you the flexibility to choose the timing of
your income payments. Your RRIF income payments are considered to be a part of your
ordinary income, so they are taxed as such by the Canada Revenue Agency in the year that
you receive them. Minimum amounts need to be withdrawn yearly from a RRIF, but the
remaining investments can remain in the plan, where they can continue to grow on a tax-
deferred basis.
Extra Facilities
Access to CIBC ATMs
Online and Mobile Banking
Security Features:
No Minimum Balance Requirements:
TFSAs

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Add overdraft protection if you need it.

 On the portion of balance between:  Annual rate

 $0.00 to $50,000.00  0.01%

 $50,000.01 to $100,000.00  0.05%

 $100,000.01 to $500,000.00  0.05%

 $500,000.01 to $1,000,000.00  0.10%

 $1,000,000.01 and up  0.10%

High Interest Savings Account

 Access your savings if you need them

 If your account balance is:

 $0.00 to $50,000.00  0.40%

 $1,000,000.01 and up  5.00%

Add an eligible direct deposit of at least $100 a month for 3 straight

Earn a special 6.25% interest rate on eligible deposits for 5

Limits apply. Offer ends October 31, 2024.

Get up to 10% Cash Back‡‡

 Your interest can compound automatically so you can save faster

 Eligible for both registered and non-registered plans

GIC/RGIC term Rate (%) APY (%)2

5 year 5.34% 4.84%

 comfort of a predictable payment

5 year 6.20% 6.20%

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